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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹13.74 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹13.74 Cr |
| Fresh Issue | ₹13.05 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹65.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | MAGSON |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | ISK Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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:
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 procures 75% of the products directly from the manufacturers thereby eliminating the middlemen which enables the company to earn higher margins. The other 25% is supplied directly from other distributors/wholesalers.
In December 2021, Magson launched its own brand - Rf Gourmet, it provides premium products such as French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, Chunky Fries, Eggs, and a range of Chicken Seekh Kababs.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | 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 |
| 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 | ||||
| KPI | |
|---|---|
| Debt / Equity | 0.35% |
| RoNW | 27.19% |
| PAT Margin | 4.00% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.96 | |
| P/E (x) | 20.25 | |
| Promoter Holding | 95.89% | 70.06% |
| Market Cap | ₹51.03 Cr. | |
