Magson Retail & Distribution Limited

Company Name	Magson Retail & Distribution Limited
Open Date	23-06-2023
Close Date	27-06-2023
Exchange	NSE SME
Lot Size	2000 shares
Issue Price	₹ 65 per share
Issue Size	21,14,000 Equity Shares
Application Amount	₹ 1,30,000
Recommendation	Risk_Averse - Should Wait Risk_Seekers - Should Apply

Magson Retail & Distribution Limited was incorporated in the year 2018 and is headquartered in Ahmedabad -Gujarat. The Company is in the retail business of selling frozen food, gourmet food products and imported food products. Currently company operates 26 retail stores/outlets of which 16 are operated by the company and 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 also has distribution business verticle of food products to various other vendors. Further, the Company also runs a separate chocolate store which is operated under brand name “My Chocolate World”. Company has wide range of product offerings with over 3000 SKU count.

(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Mar-23
Total Assets	1,283.84	1,494.69	1,999.87
Net Assets	350.80	574.06	926.25
Total Borrowings	386.60	344.72	321.95
Total Revenue	5,358.92	5,566.78	6,301.50
Profit After Tax	181.75	223.36	251.88

Tentative Timeline

Opening Date	23-06-2023
Closing Date	27-06-2023
Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat
Listing Date

Objects of the Issue

To set up new organizations and stores under a franchise model & tie up with major suppliers.

Working Capital Requirement.

General Corporate Purpose.

Contact Information

Registered Office	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/#

Offer Documents

Magson Retail & Distribution Limited DRHP

Magson Retail & Distribution Limited RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html