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Open
18 Sep 2023
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Close
21 Sep 2023
3
Allotment
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Listing
Tue, Sep 26, 2023
Price Band
₹66 to ₹70
Issue Size
34,00,000 shares (agg. up to ₹24 Cr)
Lot Size
2,000 Shares
Listing Date
Tue, Sep 26, 2023
Latest GMP
₹61
Est. Gain
87.14%
✦ AI Insight
GMP Trend
26-09-2023₹61Est. ₹131+87.14%
25-09-2023₹61Est. ₹131+87.14%
24-09-2023₹61Est. ₹131+87.14%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 306.47x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 57.37 | 35.14 | 26.00 |
| Total Income | 127.51 | 66.52 | 68.75 |
| Profit After Tax | 5.76 | 0.81 | 0.45 |
| NET Worth | 10.99 | 0.31 | 10.94 |
| Reserves and Surplus | 5.99 | 0.30 | |
| Total Borrowing | 42.17 | 28.20 | 9.66 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Srivari Spices & Foods Ltd. | SME | ₹9.00 Cr | ₹42 | 9.59 | ₹106.55 | +153.69% | ₹282.70 (+4.34%) |
| Proventus Agrocom Ltd. | SME | ₹69.54 Cr | ₹771 | 186.23 | ₹862.05 | +11.81% | ₹1,698.80 (+4.22%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding to meet working capital requirements | 16.00 |
| 2 | General Corporate Purpose | 5.26 |
About Madhusudan Masala IPO
Madhusudan Masala Limited is engaged in manufacturing and processing more than 32 types of Spices under the brand names "DOUBLE HATHI" and "MAHARAJA". The company also offers Whole Spices, Tea, and Other Grocery Products like Rajgira flour, Papad, Soya Products, Asafoetida (Hing), Achar masala (Ready to make pickle powder), Sanchar (Black salt powder), Sindhalu (Rock salt powder), Katlu powder (Food supplement), Kasuri Methi (Dry fenugreek), etc under the brand name of "DOUBLE HATHI". The company also deals in whole spices in retail and bulk quantities as well as papad, soya products, Asafoetida (Hing), black salt, rock salt, etc. procured through third-party manufacturers and packaged under its brand name of "DOUBLE HATHI". Madhusudan Masala has two product segments: Ground spices: It includes varieties of Chilli Powder, Turmeric Powder, Coriander Powder, and Coriander Cumin Powder. Blend Spices: It includes Garam Masala, Tea Masala, Chhole Masala, Sambhar Masala, Pav Bhaji Masala, Pani Puri Masala, Sabji Masala, Kitchen King Masala, Chicken Masala, Meat Masala, Chatpata Chat Masala, Butter Milk Masala, Chewda Masala, Dry Ginger Powder (Sunth), Black Pepper Powder (Mari), Dry Mang
Contact Details
Madhusudan Masala Ltd. AddressF.P.No.19Plot No.1-BHapa RoadJamnagar, Gujarat, 361001+91- 0288 - 2572002info@madhusudanmasala.comVisit Website