Magson Retail And Distribution Limited
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Magson Retail And Distribution Limited's successfully transitioned to public market status with its listing on NSE on Jul 06, 2023. The IPO mobilized 21,14,000 Shares in cumulative capital, including 21,14,000 Shares for corporate expansion.
The public offering was conducted within the price parameters of ₹65 to ₹65, with minimum investment lots of 2000 shares. subscription activity between Jun 23, 2023 and Jun 27, 2023 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Jul 03, 2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Magson Retail & Distribution Limited, incorporated in 2018, is engaged in the retail and distribution of gourmet, frozen, and specialty foods. The company’s product portfolio includes frozen vegetarian and non-vegetarian foods, premium cheese and dairy products, exotic fruits and vegetables, ambient products, imported/luxury chocolates, and imported packed products. MRDL operates 26 retail outlets under its registered brand “MagSon,” including 16 company-operated stores, 7 franchise-owned stores, and 3 joint venture stores, primarily located across Western India in cities like Ahmedabad, Surat, Vadodara, Thane, Udaipur, Gandhinagar, Rajkot, Jamnagar, and Gandhidham, covering over 30,000 sq. ft. of retail space with more than 3,000 SKUs. The company manages its inventory from a 14,000+ sq. ft. warehouse in Ahmedabad and procures 75% of products directly from manufacturers, ensuring higher margins. In December 2021, Magson launched its own brand, Rf Gourmet, offering premium products such as French fries, Chilli Garlic Potato Shots, Veggie Burger Tikki, Chicken Seekh Kababs, and more.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Rajesh Emmanuel Francis
- Mr. Manish Shivnarayan Pancholi
Magson Retail And Distribution Limited
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