Business Standard

Magson Retail and Distribution Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

13.74 cr

Price Range (₹)

65

Lot Size

2000

Min Investment (₹)

1,30,000.00

Listing Exchange

NSE - SME

Open Date

23-Jun-2023

Close Date

27-Jun-2023

Listing Date

06-Jul-2023

Magson Retail and Distribution Ltd News

    The Shares of Magson Retail and Distribution Ltd have now been listed.

    Magson Retail and Distribution Ltd IPO Details

    Initial public offer of upto 21,14,000 equity shares of face value of Rs. 10 each (Equity Shares) of Magson Retail and Distribution Limited (the Company or MRDL or The Issuer) for cash at an issue price of Rs. 65 per equity share (including a share premium of Rs. 55 per equity share) (the Issue Price), aggregating to Rs. 13.74 crores (The Issue), of which upto 1,06,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 20,08,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.93% and 25.58%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 and the issue price is 6.5 times of the face value.

    Objective of issue

    For opening new stores under franchise model. Working capital requirement. General corporate purpose.

    Magson Retail and Distribution Ltd Contact Details

    Magson Retail and Distribution Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs.magson@gmail.com

    Website - www.magson.in