Magson Retail & Distribution Limited

Company Profile
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.
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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

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Shareholding Pattern

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