23 June 2023
27 June 2023
₹ 53.62 Cr
6 July 2023
₹65 per share
Magson Retail & Distribution Limited is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods. The company has over 26 retail stores/outlets of which 16 are operated by the company, 7 are operated by franchise owners and 3 stores are operated under 2 joint ventures. MRDL operates all its stores under the registered brand name "MagSon".
The IPO comprises of a total issue 2,114,000 shares (aggregating up to ₹13.74 Cr)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects: 1. To set up new organizations and stores under a franchise model & tie up with major suppliers, 2. Working Capital Requirement, and 3. General Corporate Purpose.
Magson Retail and Distribution Ltd IPO lot size is 2000 shares.
The allotment date of Magson Retail And Distribution IPO is set for 3rd July, 2023.
Isk Advisors Pvt Ltd is the book runner.