Madhusudan Masala Limited

Company Name	Madhusudan Masala Limited
Open Date	18-09-2023
Close Date	21-09-2023
Exchange	NSE SME
Lot Size	2000 Share
Issue Price	₹66 to ₹70 per share
Issue Size	34,00,000 Equity Shares
Application Amount	₹ 1,40,000
Recommendation	Risk_Averse - Should Wait Risk_Seekers - Should Apply

Madhusudan Masala Limited was originally formed as a partnership firm in the year 1982 and has its registered office in Gujarat. The Company is engaged in the business of manufacturing and processing more than 32 types of Spices. The Company sells its products under the brand names such as “DOUBLE HATHI” and “MAHARAJA”. The Company has two product segments - Ground spices, and Blend spices. As of 31st March 23, the Company has 304 employees on its payroll.

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Summary of Financials (All financials in Lakh)

For the Period Ended	Mar-21	Mar-22	Mar-23
Total Assets	2,599.90	3,514.29	5,736.51
Net Assets	1,094.09	31.07	1,099.10
Total Borrowings	966.39	2,819.53	4,217.20
Total Revenue	6,875.18	6,651.81	12,750.57
Profit After Tax	44.99	81.30	575.90

Tentative Timeline

Opening Date	18-09-2023
Closing Date	21-09-2023
Basis of Allotment	26-09-2023
Initiation of Refunds	27-09-2023
Credit of Shares to Demat	29-09-2023
Listing Date	03-10-2023

Objects of the Issue

Working Capital Requirements.

General Corporate Purposes.

Contact Information

Registered Office	Madhusudan Masala Limited F. P. No. 19, Plot No. 1 - B Hapa Road, Jamnagar - 361001
Phone	++91- 0288 - 2572002
Email	info@madhusudanmasala.com
Website	https://www.madhusudanmasala.com/

Offer Documents

Madhusudan Masala Limited DRHP

Madhusudan Masala Limited RHP

Registrar Details

Name	Kfin Technologies Limited
Phone	04067162222, 04079611000
Email	mml.ipo@kfintech.com
Website	https://kosmic.kfintech.com/ipostatus/

IPO Reservation

QIB Shares Offered	Not more than 50.00% of the Net offer
NII (HNI) Shares Offered	Not less than 15.00% of the Offer
Retail Shares Offered	Not less than 35.00% of the Offer

Shareholding Pattern

Pre Issue Share Holding (Promoters)	100.00%
Post Issue Share Holding (Promoters)	73.64%