Magson Retail And Distribution IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 27, 2023Let’s have a detailed review of the company and analytics of the Magson Retail And Distribution IPO release date, IPO offer price, subscription, Magson Retail And Distribution Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 65 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | 6 July 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,374 Lakh |
| IPO Size | Rs 1,374 Lakh |
| Tick Size | 1 |
Magson Retail And Distribution IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Magson Retail And Distribution Share Price |
Magson Retail And Distribution IPO – Summary
Their company was incorporated as Magson Retail & Distribution Private Limited on December 10, 2018, under the Companies Act, 2013.
Further, the name of the company was subsequently changed to “Magson Retail & Distribution Limited” pursuant to a special resolution passed by the shareholders of the company at the Annual General Meeting held on 30th September 2022.
The Promoter of this company is Mr Rajesh Emmanuel Francis, Mrs Jennifer Rajesh Francis and Mr Manish Shivnarayan Pancholi. The lead manager of the issue is ISK ADVISORS PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Magson Retail And Distribution IPO Date
The opening and closing dates of Magson Retail And Distribution IPO are 23 June 2023 and 27 June 2023 respectively.
Magson Retail And Distribution IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 23rd Jun | 0.45x | 0.65x | 0.55x |
| 2nd Day – 26th Jun | 1.02x | 2.37x | 1.70x |
| 3rd Day – 27th Jun | 6.09x | 7.33x | 6.71x |
| Shares Offered or Net Issue | 1,004,000 | 1,004,000 | 2,114,000 |
The shares subscribed by the public will be updated here.
Magson Retail And Distribution IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Magson Retail And Distribution Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 3 July 2023 |
| Refunds Initiation | 4 July 2023 |
| Credit of Shares to Demat Account | 5 July 2023 |
| Share Listing Date | 6 July 2023 |
Magson Retail And Distribution IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.65
Magson Retail And Distribution IPO Equity Size
This Initial Public Issue of 2,114,000 Equity Shares of Rs.10 each for cash at a price of Rs.65 per equity share aggregating to Rs.1,374 Lakh.
Magson Retail And Distribution IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,114,000 Equity Shares of Rs.10/ each.
Issue Size: 2,114,000 Equity Shares of Rs.10 each, aggregating to Rs.1,374 Lakh
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Magson Retail And Distribution IPO – Live Performance
The listing date of this IPO is 6 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Magson Retail And Distribution Share Price |
Magson Retail And Distribution IPO Grey Market Premium
The Magson Retail And Distribution Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Magson Retail And Distribution IPO – Company Overview
The company is engaged in the retail and Distribution business of gourmet, frozen food and speciality foods. The company has its corporate office located in Ahmedabad, Gujarat.
Currently, the 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 said stores/outlets are located across Western India with 26 outlets in prominent cities which includes one each in Thane, Maharashtra, Udaipur, Rajasthan, Gandhinagar, Gujarat, Anand, Gujarat, Rajkot, Gujarat, Jamnagar, Gujarat and Gandhidham, Gujarat.
Three stores each in Surat, Gujarat, Vadodara, and Gujarat 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.
Magson Retail And Distribution IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 1,999.87 | 1,494.69 | 1,283.84 |
| *Total Revenue | 6,301.49 | 5,566.77 | 5,358.92 |
| Total Expense | 5965.11 | 5311.52 | 5115.37 |
| Profit After Tax | 251.88 | 223.36 | 181.75 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 4.96 | 3.89 | 3.17 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 251.88 Lakh, Rs. 223.36 Lakh and Rs. 181.75 Lakh respectively.
Magson Retail And Distribution IPO – Promoters
The Promoter of this company is:
- Mr Rajesh Emmanuel Francis,
- Mrs Jennifer Rajesh Francis
- Mr Manish Shivnarayan Pancholi
List of Related Parties (Key Managerial Personnel)
- Rajesh Emmanuel Francis, Managing Director
- Manish Shivnarayan Pancholi, Whole-time director
- Kavin Dineshkumar Dave, Chartered accountant
- Jennifer Rajesh Francis, Additional Director
- Nishat Harshadray, Independent Director
Magson Retail And Distribution IPO – Promoters Holding
- Pre-Issue Share Holding – 95.89%
- Post-Issue Share Holding – 70.06%
Magson Retail And Distribution IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 21,14,000 Equity Shares aggregating up to Rs.1374.10 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,06,000 Equity Shares aggregating up to Rs.68.9 Lakh |
| Net Issue to the Public | Up to 20,08,000 Equity Shares aggregating up to Rs.1305.2 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 10,04,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 10,04,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 57,36,000 Equity Shares |
| Equity Shares outstanding after the Issue | 78,50,000 Equity Shares |
Magson Retail And Distribution IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To set up new organisations and stores under a franchise model & tie up with major suppliers.
- Working Capital Requirement
- General Corporate Purpose
Magson Retail And Distribution IPO – Business Strategy
- Unique Shopping Experience
- Wide Product Mix
- Strong Distribution Network
- Investment in Software/ technology/ Mobile App for online shopping
- Strong Marketing Strategy
Magson Retail And Distribution IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Existing store’s visibility & footsteps
- Good market prospects for retail business
- Experienced Promoters in the retail business and a well‐trained employee base
- Proposed franchise model with firm tie up with supply chain to get best possible low cost for products to be sold.
- Optimal Utilization of Resources
- Unique Shopping Experience
- Wide Product Mix
- Strong Distribution Network
- Investment in Software/ technology/ Mobile App for online shopping
- Strong Marketing Strategy
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.96 | 27.19 | 16.14 |
| 31-Mar-22 | 3.89 | 38.91 | – |
| Mar-21 | 3.17 | 51.81 | – |
Magson Retail And Distribution IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Magson Retail And Distribution Limited | 10 | [●] | 4.96 | 27.19 | 6,301.49 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Magson Retail And Distribution IPO Lead Managers
| Lead Managers |
| ISK ADVISORS PRIVATE LIMITED 501, A. N. Chambers, 130, Turner Road, Bandra West, Mumbai‐400 050 Tel No.: +91 – 22 – 26431002 Email: ncmpl@ncmpl.com Website: www.iskadvisors.com Investor Grievance Email: enquiry@ncmpl.com Contact Person: Mr. Ronak I. Kadri SEBI Registration No. INM000012625 |
Magson Retail And Distribution IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PVT. LTD. 1st Floor, Bharat Tin Works Building, Opp. Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel No.: +91 – 22 – 62638200 Fax: +91 22 62638299 Email:ipo@bigshareonline.com; Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr Babu Rapheal SEBI Registration No.: INR000001385 |
Magson Retail And Distribution IPO – Other Details
- Statutory Auditor – Ambalal Patel & Co., Chartered Accountants
- Legal Counsel to the Company – MR. AYAAN A. PATEL, ADVOCATE
- Bankers to the Company – HDFC BANK LIMITED
Magson Retail And Distribution IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Magson Retail And Distribution Limited IPO News
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Magson Retail And Distribution IPO Review FAQs
Check out various FAQs related to Magson Retail And Distribution IPO:
What is the Issue Size of Magson Retail And Distribution IPO?
The Company is making an initial public offer of 2,114,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Magson Retail IPO?
The price band for this particular IPO ranges between Rs 65. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Magson Retail IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 23 June 2023, while the closing date is set at 27 June 2023.
What is the Magson Retail IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 3 July 2023, refund initiation is on 4 July 2023, credit of shares is on 5 July 2023, and share listing date is on 6 July 2023.
What is the Magson Retail IPO Listing Date?
Shares of this company shall be listed in the exchanges on 6 July 2023. The date, when the listing would be done, is stagnant on 6 July 2023.
Who is the Registrar of Magson Retail IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PVT. LTD. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Magson Retail IPO?
Here are the promoters of this IPO – Mr Rajesh Emmanuel Francis, Mrs Jennifer Rajesh Francis and Mr Manish Shivnarayan Pancholi. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Magson Retail IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Magson Retail IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Magson Retail And Distribution Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 251.88, 2022 is 223.36, and 2021 is 181.75.
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