1. IPO
Madhusudan Masala Limited

Madhusudan Masala Limited

listed
₹1.32LMin. investment
  1. Bid start
    18 Sep
  2. Bid end
    21 Sep
  3. Allotment
    20 Sep
  4. Release of funds
    25 Sep
  5. Demat transfer
    25 Sep
  6. Listing
    26 Sep

Madhusudan Masala Limited IPO Details

Price range₹66.00 – ₹70.00
IPO type
SME
Lot size2000 shares
Issue size₹23.8Cr
RHP/DRHP
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About the Madhusudan Masala Limited IPO :

Incorporated in 1982, Madhusudan Masala is engaged in the business of manufacturing and processing of more than 32 types of Spices under the brand names of “DOUBLE HATHI” and “MAHARAJA”. They  also sell products like Whole Spices, Tea, and Other Grocery Products like Rajgira flour, Papad, Soya Products, Asafoetida (Hing), Achar masala (Ready to make pickle powder), Sanchar (Black salt powder), Sindhalu (Rock salt powder), Katlu powder (Food supplement), Kasuri Methi (Dry fenugreek), etc. under the brand name of “DOUBLE HATHI”.  They also generate revenue from trading of whole spices and food grains through unbranded sales.

The company operates from their manufacturing facility located at Jamnagar, Gujarat. Manufacturing unit is situated at Industrial Area Hapa, Near Jamnagar and is strategically located near the local APMC market thus facilitating easy and quick access to raw materials which reduces the transportation costs as well. The manufacturing facility is equipped with plant & machinery to facilitate efficient production process of cleaning, drying, grading, grinding and packaging. Presently most of their sales are derived from the state of Gujarat. They also sell marginally to some parts of Maharashtra and Rajasthan.

Now, Madhusudan Masala Limited is coming out with its initial public offer (IPO).  The IPO will be a fresh issue. The money raised will be utilised  to meet working capital requirements & General Corporate Purpose.

Here are key details about the Madhusudan Masala Limited IPO :

Company NameMadhusudan Masala Limited Company TypePrivate
IPO TypeSME

Frequently asked questions

How to invest in the Madhusudan Masala Limited ?

Investors can apply for the Madhusudan Masala Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of Madhusudan Masala Limited ?

The issue size of the Madhusudan Masala Limited is 23.8 Cr.

What is 'pre-apply' for Madhusudan Masala Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Madhusudan Masala Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.