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SME IPO Status: Listed [23rd Jun 2023 to 27th Jun 2023]
Magson Retail and Distribution IPO worth Rs 13.74 Cr opens for subscription from 23 Jun 2023 to 27 Jun 2023. The face value is Rs 10 per share and the issue price is fixed at Rs 65 per share. One can apply for the minimum lot of 2,000 shares and its multiples.
Stay tuned for more on Magson Retail SME IPO Review, including company overview, financials, live subscription, allocation, GMP and more.
| SME IPO Issue Opening Date: | 23rd Jun 2023 |
| SME IPO Issue Closing Date: | 27th Jun 2023 |
| SME IPO Issue Price: | ₹65.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 50.00% of the Offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹13.74 Cr |
| Fresh Issue: | ₹13.74 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.89% |
| Promoter Holding Post IPO: | 70.06% |
| Allotment Status: | Allotment Status |
| NSE Code: | MAGSON |
Get important updates regarding Magson Retail SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 3rd Jul 2023 |
| Refunds Initiation* | 4th Jul 2023 |
| Credit of Shares to Demat* | 5th Jul 2023 |
| SME IPO Listing Date* | 6th Jul 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹65.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹130000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 06-07-2023 | 65 | -1 | -- | ₹64 (-1.54%) | 6-Jul-2023 9:00 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Magson is engaged in the retail and distribution business of gourmet, frozen food, and speciality foods segment. It has a wide range of product offerings with over 3,000 SKUs.
It has 26 retail outlets, 16 are operated by the company, 7 are franchise stores, and 3 stores are operated under joint venture. Its retail store network is located across 26 prominent cities including Gujarat, Maharashtra, Rajasthan, Rajkot, Gandhidham, Udaipur, etc. It also sell its products online through its mobile app.
In Dec 21, it has launched its own brand, Rf Gourmet to offer premium products like French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, etc. For distribution, it has a warehouse of 14,000 sq. ft in Ahmedabad, Gujarat.
| Incorporation | Sector | IPO Issue Size | Website |
| 2018 | Food Industry | ₹13.74 Cr | https://www.magson.in/# |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,004,000 (50%) | 1,004,000 (50%) | 2,008,000 | |
| 1 | 23rd Jun 2023 19:31 | 0.45x | 0.65x | 0.55x |
| 2 | 26th Jun 2023 19:31 | 1.02x | 2.37x | 1.70x |
| 3 | 27th Jun 2023 19:31 | 6.09x | 7.38x | 6.74x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 833.45 | 3,241.22 | 166.31 | 169.04 | 168.04 | 354.00 |
| 31-Mar-21 | 1,283.84 | 5,358.92 | 181.75 | 350.80 | 349.80 | 386.60 |
| 31-Mar-22 | 1,494.69 | 5,566.77 | 223.36 | 574.06 | 573.06 | 344.72 |
| 31-Mar-23 | 1,999.87 | 6,301.49 | 251.88 | 926.25 | 352.65 | 321.95 |
| Amount in ₹ Lakhs | ||||||
Last Updated on 09-Jul-2023 19:30:22
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Magson Retail SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Magson Retail SME IPO with Zerodha.
Alternate approch to apply in Magson Retail SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Magson Retail SME IPO Review and Important Updates
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To subscribe or apply in Magson Retail SME IPO, you can use the following methods:
| Magson Retail SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Magson Retail SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Magson Retail SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Magson Retail SME IPO. Most of the Syndicate Banks provide access to apply in Magson Retail IPO via ASBA process. You must have your net banking access, DP ID information to apply in Magson Retail SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Magson Retail SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Magson Retail SME IPO Review and Important Updates
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Magson Retail SME IPO is going to be list on 06-07-2023. NSE Code for Magson Retail is MAGSON.
Other relevant questions:
When Magson Retail SME IPO will be listing? Magson Retail SME IPO NSE listing date?Magson Retail SME IPO date of listing
Magson Retail SME IPO Allotment Date is 03-07-2023.
Other relevant questions:
Magson Retail SME IPO share allotment date?Magson Retail SME IPO allotment date?
