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Open
23 Jun 2023
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Close
27 Jun 2023
3
Allotment
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Listing
Thu, Jul 6, 2023
Price Band
₹65 per share
Issue Size
21,14,000 shares (agg. up to ₹14 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Jul 6, 2023
Latest GMP
₹-1
Est. Gain
-1.54%
✦ AI Insight
GMP Trend
06-07-2023₹-1Est. ₹64-1.54%
05-07-2023₹-1Est. ₹64-1.54%
04-07-2023₹-1Est. ₹64-1.54%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 6.64x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 20.00 | 14.95 | 12.84 | 8.33 |
| Total Income | 63.01 | 55.67 | 53.59 | 32.41 |
| Profit After Tax | 2.52 | 2.23 | 1.82 | 1.66 |
| NET Worth | 9.26 | 5.74 | 3.51 | 1.69 |
| Reserves and Surplus | 3.53 | 5.73 | 3.50 | 1.68 |
| Total Borrowing | 3.22 | 3.45 | 3.87 | 3.54 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Jay Jalaram Technologies Ltd. | SME | ₹10.80 Cr | ₹36 | 46 | ₹52.50 | +45.83% | ₹159.65 (+5.73%) |
| Electronics Mart India Ltd. | Mainboard | ₹500.00 Cr | ₹59 | 13.95 | ₹84.50 | +43.22% | ₹128.77 (-2.20%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To set up new organisation and stores under franchise model & tie up with major suppliers. | 3.94 |
| 2 | Working Capital Requirement | 8.00 |
| 3 | General Corporate Purpose | 1.30 |
About Magson Retail IPO
Incorporated in 2018, Magson Retail & Distribution Limited is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods. Magson Retail & Distribution's product category includes: Frozen food Vegetarian and Non-vegetarian Premium Cheese and Dairy products Exotic Vegetables and fruits Ambient Products Imported/ luxury Chocolates Imported packed products The company has over 26 retail stores/outlets of which 16 are operated by the company, 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". These stores/outlets are located across Western India with 26 outlets in prominent cities which includes one each in Thane, Udaipur, Gandhinagar, Anand, Rajkot, Jamnagar, and Gandhidham. Three stores each in Surat and Vadodara, and thirteen stores/outlets in Ahmedabad (including one chocolate store). The total retail space of 26 outlets/stores is more than 30,000 sq. ft. with the total stock (SKU) count in the store being more than 3000 units. The company has rented a warehouse of more than 14,000 sq. ft. in Ahmedabad from where it manages its inventory. Magson
Contact Details
Magson Retail & Distribution Ltd. Address204-B, Primate Complex, Opp.Mother Milk PalaceNr.Judges Bungalows Cross RoadsBodakdevAhmedabad, Gujarat, 380015+91 9978607507cs.magson@gmail.comVisit Website