Open Date

18 Sep 2023

21 Sep 2023


Rs. 23.80 Cr

Lot Size

IPO Size

Listing At


Listing  Date

Price Range

₹66 to ₹70

Close Date

Allotment Date

26 Sep 2023

03 Oct 2023

IPO Details

Madhusudan Masala Limited manufactures and processes around 32 different varieties of spices under the trade names "DOUBLE HATHI" and "MAHARAJA". Under the brand name "DOUBLE HATHI," the company also sells Whole Spices, Tea, and Other Grocery Products such as Rajgira flour, Papad, Soya Products, Asafoetida (Hing), Achar masala (Ready to make pickle powder), Sanchar (Black salt powder), Sindhalu (Rock salt powder), Katlu powder (Food supplement), Kasuri Methi (Dry fenugreek), and others.

About the Company

The company intends to utilize the net proceeds from the issue towards the funding of the following objects: Funding to meet working capital requirements General Corporate Purpose


The book-running lead managers to the offer are: Hem Securities Ltd

Book Runners

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