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IPO

IPO Details


Madhusudan Masala Ltd
Registered Office: F P No 19 Plot # 1 B Hapa Road, Jamnagar, Gujarat - 361001, Gujarat
Phone: 0288-2572002
Email: info@madhusudanmasala.com
Website: www.madhusudanmasala.com
Initial public offer of upto 34,00,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Madhusudan Masala Limited (The Company or Madhusudan or The Issuer) at an issue price of Rs. 70 per equity share for cash, aggregating up to Rs. 23.80 crores (Public Issue) out of which 1,72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 1.20 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 32,28,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 22.60 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.36% and 25.02 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10 and issue price is Rs. 70 the issue price is 7 times of the face value of the equity share.
Issue Money Payable On
Opens On Closes On Application Allotment
18-Sep-2023 21-Sep-2023 ₹ 70.00 ₹ 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(₹)Cr. Lead Managers to the Issue
Project Cost 21.26 Hem Securities Ltd
Project Financed through Current Offer 23.80
Post Issue Equity Share Capital 12.90
Issue Price ₹70.00
Projects
Funding to meet working capital requirements
General corporate purposes
Promoted By
Dayalji Vanravan Kotecha
Vijaykumar Vanravan Kotecha
Rishit Dayalaji Kotecha
Listing At
NSE - SME
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

83,184.80 236.57 (0.29%)

Nifty

25,415.80 38.25 (0.15%)

GLOBAL INDICES

USD

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NASDAQ

17,573.30 -54.76 (-0.31%)

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