Magson ipo

Magson Retail and Distribution IPO

Closed RHP

Listing Details

  • Listing Exchange NSE SME
  • Listing Date 06-Jul-23
  • IPO Price Range ₹ 65
  • Listing Price ₹ 91.15
  • Listing Change 40.2%
  • Last Traded Price ₹ 89
  • Current Change 36.9%

Magson IPO Details

  • Open Date 23-Jun-23
  • Close Date 27-Jun-23
  • Lot Size 2000
  • IPO Size ₹ 13.74 Cr
  • IPO Price Range ₹ 65
  • Min Investment ₹ 130,000
  • Listing Exchange NSE SME
  • Basis of Allotment 03-Jul-23
  • Refunds 04-Jul-23
  • Credit to Demat Account 05-Jul-23
  • Listing Date 06-Jul-23

Magson Retail and Distribution IPO Subscription Status

Date QIB NII Retail TOTAL
23-Jun-23 - 0.45 0.65 0.55
26-Jun-23 - 1.02 2.35 1.69
27-Jun-23 - 6.08 7.13 6.61

Magson IPO Synopsis

Magson Retail And Distribution Limited is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods its IPO opens on 23rd June and closes on 27th June.

The issue consists of a total issue of 2,114,000 shares (aggregating up to ₹13.74 Cr). The price band for the issue is fixed at Rs. 65 per share. The lot size is set for 2000 shares per lot. The shares will be allotted on 3rd July and the issue will be listed on the 6th July on the stock exchanges.

The book-running lead manager to the offer is Isk Advisors Pvt Ltd

Objectives of Magson IPO:

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.

About Magson Retail and Distribution

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 company has rented a warehouse of more than 14,000 sq. ft. in Ahmedabad from where it manages its inventory. Magson procures 75% of the products directly from the manufacturers thereby eliminating the middlemen which enables the company to earn higher margins. The other 25% is supplied directly from other distributors/wholesalers.

For More Information:
Webstory on Magson Retail & Distribution IPO
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 5460.83 5332.62 3240.32
EBITDA 5251.66 5115.37 3014.26
PAT 223.36 181.75 166.31
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 1491.31 1283.84 833.45
Share Capital 1 1 1
Total Borrowings 344.72 386.60 354.00
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 316.59 153.01 -12.03
Net cash from / (used in) investing activities -217.90 -195.32 -187.66
Net cash flow from / (used in) financing activities -112.68 -27.43 282.81
Net increase (decrease) in cash and cash equivalents -13.98 -69.75 83.12


Peer Comparison

There are no listed companies in India that engage in a business similar to that of this company


Magson IPO Key Points

  • Strengths

    1. Existing stores' visibility & footsteps  
    2. Good market prospects for retail business 
    3. Experienced Promoters in the retail business and a well-trained employee base 
    4. Proposed franchise model with a firm tie-up with supply chain to get the best possible low cost for products to be sold.  
    5. Strong Distribution Network  
     

  • Risks

    1. The Company is a party to certain legal proceedings under Civil Laws and other Act/s. Any adverse decision in such proceedings may have an effect on business, results of operations, and financial condition.
    2. The company has availed financing facility from HDFC bank aggregating to 1 Crore and has provided moveable and personal guarantees of promoters.
    3. The company’s r business derives a major portion of its revenue from retail customers and franchisees. The loss of customers or a significant reduction and sales of, or demand for the products from franchisees, may adversely affect the business, and financial condition.
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Magson IPO FAQs

What is the minimum lot size of the Magson Retail And Distribution IPO?

The lot size of Magson Retail And Distribution IPO is 2000 shares. 

What is the price band of the Magson Retail And Distribution IPO?

The price band of Magson Retail IPO is Rs.65 per share. 

When does the Magson Retail And Distribution IPO opens and closes?

The Magson Retail IPO opens on June 23, 2023 and closes on June 27, 2023.

What is the size of the Magson Retail And Distribution IPO?

The  Magson Retail And Distribution IPO comprises a total issue of 2,114,000 shares (aggregating up to ₹13.74 Cr)

What is the allotment date of Magson Retail And Distribution IPO?

The allotment date of Magson Retail And Distribution IPO is 3rd July 2023. 

What is the Magson Retail And Distribution IPO listing date?

The listing date of Magson Retail And Distribution IPO is 6th July 2023. 

Who is the book runners for Magson Retail And Distribution IPO?

Isk Advisors Pvt Ltd  is the book runner of Magson Retail And Distribution IPO. 

What is the objective of the issue?

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.
 

How to apply for the Magson Retail And Distribution IPO?

To apply for the Magson IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and price at which you wish to apply for     
●    Enter your UPI ID and click on submit. With this, your bid will be placed     with the exchange    
●    You will receive a mandate notification to block funds in your UPI app

Contact Details of Magson Retail and Distribution IPO

Contact Information

Magson Retail And Distribution Limited

204-B, Primate Complex, Opp. Mother Milk Palace,
Nr. Judges Bungalows Cross Roads,
Bodakdev, Ahmedabad - 380015
Phone: +91 9978607507
Email: cs.magson@gmail.com
Website: https://www.magson.in/

Magson Retail and Distribution IPO Register

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Magson Retail and Distribution IPO Lead Manager

Isk Advisors Pvt Ltd.