Madhusudan Masala Limited

Company Profile
Company Name Madhusudan Masala Limited
Open Date 18-09-2023
Close Date 21-09-2023
Exchange NSE SME
Lot Size 2000 Share
Issue Price ₹66 to ₹70 per share
Issue Size 34,00,000 Equity Shares
Application Amount ₹ 1,40,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Madhusudan Masala Limited was originally formed as a partnership firm in the year 1982 and has its registered office in Gujarat. The Company is engaged in the business of manufacturing and processing more than 32 types of Spices. The Company sells its products under the brand names such as “DOUBLE HATHI” and “MAHARAJA”. The Company has two product segments - Ground spices, and Blend spices. As of 31st March 23, the Company has 304 employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 2,599.90 3,514.29 5,736.51
Net Assets 1,094.09 31.07 1,099.10
Total Borrowings 966.39 2,819.53 4,217.20
Total Revenue 6,875.18 6,651.81 12,750.57
Profit After Tax 44.99 81.30 575.90

Tentative Timeline

Opening Date 18-09-2023
Closing Date 21-09-2023
Basis of Allotment 26-09-2023
Initiation of Refunds 27-09-2023
Credit of Shares to Demat 29-09-2023
Listing Date 03-10-2023

Objects of the Issue

Working Capital Requirements.
General Corporate Purposes.

Contact Information

Registered Office Madhusudan Masala Limited F. P. No. 19, Plot No. 1 - B Hapa Road, Jamnagar - 361001
Phone ++91- 0288 - 2572002

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer
Retail Shares Offered Not less than 35.00% of the Offer

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 73.64%

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