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Madhusudan Masala Limited IPO Date, Price, Review and Details

 

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Madhusudan Masala Limited IPO

September 18, 2023 - September 21, 2023 Closed

Madhusudan Masala Limited IPO

Madhusudan Masala Limited was incorporated in 1982. They specialize in making and processing a variety of spices, which they sell under the 'DOUBLE HATHI' and 'MAHARAJA' brands. Additionally, they offer a range of grocery products such as whole spices, tea, and other items like Rajgira flour, Papad, Soya Products, etc. under the 'DOUBLE HATHI' brand. Furthermore, they also earn income by trading whole spices and food grains without any branding. They offer two types of spices: 1. Ground spices, which include different types of chili powder, Turmeric Powder, Coriander Powder, and Coriander Cumin Powder. 2. Blend spices, which consist of Garam Masala and Tea Masala." Their production facility is well-equipped with machinery to efficiently handle the entire manufacturing process, including cleaning, drying, grading, grinding, and packaging of their products.

Company Promoters:

· Dayalji Vanravan Kotecha
· Vijaykumar Vanravan Kotecha
· Rishit Dayalaji Kotecha
· Hiren Vijaykumar Kotecha
· Foram Rishit Kotecha
· Mayuri Hiren Kotecha

Objects of this Issue:

·  Funding to meet working capital requirements
·  General Corporate Purpose.

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

5,736.52

3,514.29

2,599.90

Total Liabilities

4,637.42

3483.22

1,505.81

Net Profit

575.89

81.29

44.98

Madhusudan Masala Limited IPO Schedule

1.     Bid or Offer Opens on: 18 September 2023
2.     Bid or Offer Closes on: 21 September 2023
3.     Finalization of BoA: 26 September 2023
4.     Initiation of Refunds:27 September 2023
5.     Credit of shares to Demat account: 29 September 2023
6.     Listing Date: 03 October 2023

Madhusudan Masala Limited IPO Lot Size

The market lot size of Madhusudan Masala Limited IPO is 4000 shares. They have specified minimum and maximum order quantities as follows:

Application

Lots

Shares

Amount

Minimum

1

  2000

₹140,000

Maximum

1

  2000

₹140,000

S-HNI(Minimum)

2

  4000

₹240,000

 

Company Contact Details:

F. P. No. 19, Plot No. 1 – B

Hapa Road, Jamnagar,

Gujarat-361001 India

Phone: +91- 0288 - 2572002

Email: info@madhusudanmasala.com

Website: www.madhusudanmasala.com

 

Madhusudan Masala Limited IPO Registrar Details:

KFIN TECHNOLOGIES LIMITED

Selenium Tower-B, Plot No. 31-32, Gachibowli, Financial District,

Nanakramguda, Serilingampally, Hyderabad, Telangana – 500 032.

Telephone: +91-40-6716-2222

Email: kody.ipo@kfintech.com

Website:  www.kfintech.com

 

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