Magson Retail And Distribution Limited IPO Date, Price, Review and Details
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June 23, 2023 - June 27, 2023
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Magson Retail And Distribution Limited IPO
Magson Retail and Distribution Limited were incorporated in 2018, MagSon Store was brought into existence by Mr. Rajesh Francis and Mr. Manish Pancholi, with the valuable guidance of Shri Raaj Maganlal. It aims to cater to customers by providing high-quality gourmet, frozen, and global food products. They carefully select top vendors to source their products, guaranteeing premium quality. These products are then packaged and marketed under the Magson brand, ensuring exceptional standards. Their primary focus is on the retail business, which is conducted through their own stores. Additionally, They engage in distribution by supplying their products to franchisee stores.
Company Promoters:
• Mr. Rajesh Emmanuel Francis
• Mrs. Jennifer Rajesh Francis
• Mr. Manish Shivnarayan Pancholi
Objects of this Issue:
• To set up new organizations and stores under a franchise model & tie up with major suppliers.
• Working Capital Requirement.
• 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 | 1999.87 | 1494.69 | 1283.84 |
Total Liabilities | 1,073.62 | 920.63 | 933.04 |
Net Profit | 0.00 | 223.36 | 181.75 |
Magson Retail And Distribution Limited IPO Schedule
1. Bid or Offer Opens on: 23 June 2023
2. Bid or Offer Closes on: 27 June 2023
3. Finalization of BoA: 03 July 2023
4. Initiation of Refunds: 04 July 2023
5. Credit of shares to Demat account: 05 July 2023
6. Listing Date: 06 July 2023
Magson Retail And Distribution Limited IPO Lot Size
The market lot size of Magson Retail And Distribution Limited IPO is 3,200 shares. The minimum and maximum order quantity is as follows:
Application | Lots | Shares | Amount |
Minimum | 1 | 2000 | ₹130,000 |
Maximum | 1 | 2000 | ₹130,000 |
S-HNI(Minimum) | 2 | 4000 | ₹260,000 |
Company Contact Details:
Office No. B/204, Primate, Nr.
Gormoh Restaurant Opp. Mother
Dairy, Judges Bunglow Cross
Road, Ahmedabad Gj 380015 India
Phone: +91 9978607507
Email: cs.magson@gmail.com
Website: https://www.magson.in/#
Magson Retail And Distribution Limited IPO Registrar Details:
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building, Opp. Oasis, Makwana Road, Marol, Andheri East,
Mumbai – 400 059
Telephone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Frequently Asked Question
Magson Retail and Distribution Limited IPO share price ₹65 per share.
Minimum and maximum order quantity is 1 lot only.
Magson Retail and Distribution Limited IPO Shares will get listed at NSE SME.
Pre-issue shareholding of the Magson Retail and Distribution Limited IPO promoter is 95.89%.
IPO application is an online process by using UPI or ASBA as a payment method. ASBA IPO application is already available in the net banking of your respective bank account and the UPI application is offered by your Stockbroker, you can invest in SVS Limited IPO using any neatest method at your convenience.
Opening date of Magson Retail and Distribution Limited IPO is June 23, 2023.
If you do not get the allotment of Magson Retail and Distribution Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
The face value of Magson Retail and Distribution Limited IPO is ₹10 per share.
Magson Retail and Distribution Limited IPO shares will get listed on July 06, 2023.
You will receive Magson Retail and Distribution Limited IPO shares in your Demat account on July 05, 2023, if allotted.
Lot size of the Magson Retail and Distribution Limited IPO is 2000 shares.
Closing date of Magson Retail and Distribution Limited IPO is June 27, 2023.
The meaning of "Magson Retail and Distribution Limited IPO GMP today" is the Grey Market Premium (GMP) for the initial public offering (IPO) of Magson Retail and Distribution Limited IPO on the current day.
Post-issue shareholding of the Magson Retail and Distribution Limited IPO promoter is 70.06%.
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