Business Standard

Madhusudan Masala Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

23.80 cr

Price Range (₹)

70

Lot Size

2000

Min Investment (₹)

1,40,000.00

Listing Exchange

NSE - SME

Open Date

18-Sept-2023

Close Date

21-Sept-2023

Listing Date

26-Sept-2023

Madhusudan Masala Ltd News

    The Shares of Madhusudan Masala Ltd have now been listed.

    Madhusudan Masala Ltd IPO Details

    Initial public offer of upto 34,00,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Madhusudan Masala Limited (The Company or Madhusudan or The Issuer) at an issue price of Rs. 70 per equity share for cash, aggregating up to Rs. 23.80 crores (Public Issue) out of which 1,72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 1.20 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 32,28,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 22.60 crores is herein after referred to as the Net Issue. The public issue and net issue will constitute 26.36% and 25.02 % respectively of the post-issue paid-up equity share capital of the company.The face value of the equity share is Rs. 10 and issue price is Rs. 70 the issue price is 7 times of the face value of the equity share.

    Objective of issue

    Funding to meet working capital requirements. General corporate purposes.

    Madhusudan Masala Ltd Contact Details

    Madhusudan Masala Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - info@madhusudanmasala.com

    Website - www.madhusudanmasala.com