IPO Synopsis

Madhusudan Masala Ltd

Registered Office: F P No 19 Plot # 1 B Hapa Road,Jamnagar, Gujarat - 361001, Gujarat, India. Phone : 0288-2572002   Fax: Email : info@madhusudanmasala.com Website :www.madhusudanmasala.com

Initial public offer of upto 34,00,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Madhusudan Masala Limited ("The Company" or "Madhusudan" or "The Issuer") at an issue price of Rs. 70 per equity share for cash, aggregating up to Rs. 23.80 crores ("Public Issue") out of which 1,72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 1.20 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 32,28,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 22.60 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.36% and 25.02 % respectively of the post-issue paid-up equity share capital of the company. The face value of the equity share is Rs. 10 and issue price is Rs. 70 the issue price is 7 times of the face value of the equity share. Issue Opens On Closes On 18-Sep-23 21-Sep-23 Money Payable On Application Allotment 70.00 0.00 Minimum Application for shares in Nos : 2000 Further Multiples of : 2000 Cr Lead Managers to the Issue Project Cost (.Cr) 21.26 Hem Securities Ltd Project Financed through Current Offer (.Cr) 23.80   Post Issue Equity Share Capital (.Cr) 12.90 Issue Price () 70.00

Projects

Funding to meet working capital requirements General corporate purposes

Promoted By

Dayalji Vanravan Kotecha

Vijaykumar Vanravan Kotecha

Rishit Dayalaji Kotecha

Listing At

NSE - SME

Registrar to the Issue

No Data Available