Founded in 2018, Magson Retail & Distribution Limited operates in the retail and distribution sector, specializing in gourmet, frozen food, and specialty foods.
Magson Retail & Distribution offers a diverse range of products in the following categories:
- Frozen Vegetarian and Non-vegetarian Food
- Premium Cheese and Dairy Products
- Exotic Vegetables and Fruits
- Ambient Products
- Imported/Luxury Chocolates
- Imported Packed Products
The company operates a network of 26 retail stores/outlets, with 16 owned by the company, 7 operated by franchise owners, and 3 stores operated through joint ventures. These outlets, branded as “MagSon,” are strategically located across Western India, including cities such as Thane, Udaipur, Gandhinagar, Anand, Rajkot, Jamnagar, and Gandhidham. In addition, there are three stores each in Surat and Vadodara, and thirteen stores in Ahmedabad (including a dedicated chocolate store). The total retail space spans over 30,000 sq. ft., housing a wide selection of more than 3000 product units.
To manage inventory, Magson Retail & Distribution has secured a rented warehouse covering more than 14,000 sq. ft. in Ahmedabad. The company procures 75% of its products directly from manufacturers, eliminating intermediaries and enabling higher profit margins. The remaining 25% is sourced from distributors and wholesalers.
In December 2021, Magson introduced its own brand called Rf Gourmet. This premium product line includes items such as French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, Chunky Fries, Eggs, and a range of Chicken Seekh Kababs.
Magson Retail & Distribution Limited continues to expand its presence in the industry by offering a wide variety of high-quality gourmet, frozen, and specialty foods to customers across Western India.
Magson Retail And Distribution Limited Stock Quote #
- Open: ₹86.35
- High – Low: ₹86.35 – ₹85.80
- Previous Close: ₹82.25
- Total Traded Value: 86,000
- Updated On: Jul 18, 2023 4:00 PM
IPO Details #
| IPO Date | Jun 23, 2023 to Jun 27, 2023 |
| Listing Date | Jul 6, 2023 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,114,000 shares (aggregating up to ₹13.74 Cr) |
| Fresh Issue | 2,114,000 shares (aggregating up to ₹13.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,736,000 |
| Share holding post issue | 7,850,000 |
| Market Maker portion | 106,000 shares Sunflower Broking |
Magson Retail And Distribution Limited IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 106,000 (5.01%) |
| Other Shares Offered | 1,004,000 (47.49%) |
| Retail Shares Offered | 1,004,000 (47.49%) |
| Total Shares Offered | 2,114,000 (100%) |
Magson IPO Timetable (Tentative) #
Magson IPO opens on Jun 23, 2023, and closes on Jun 27, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 23 June 2023 |
| Closing Date | Tuesday, 27 June 2023 |
| Basis of Allotment | Monday, 3 July 2023 |
| Initiation of Refunds | Tuesday, 4 July 2023 |
| Credit of Shares to Demat | Wednesday, 5 July 2023 |
| Listing Date | Thursday, 6 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jun 27, 2023 |
Magson IPO Lot Size #
The Magson IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
| Lot Size Calculator | |||
Magson IPO Promoter Holding #
Mr. Rajesh Emmanuel Francis and Mr. Manish Shivnarayan Pancholi are the company promoters.
| Pre Issue Share Holding | 95.89% |
| Post Issue Share Holding | 70.06% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 833.45 | 3,241.22 | 166.31 | 169.04 | 168.04 | 354.00 |
| 31-Mar-21 | 1,283.84 | 5,358.92 | 181.75 | 350.80 | 349.80 | 386.60 |
| 31-Mar-22 | 1,494.69 | 5,566.77 | 223.36 | 574.06 | 573.06 | 344.72 |
| 31-Mar-23 | 1,999.87 | 6,301.49 | 251.88 | 926.25 | 352.65 | 321.95 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 20.25 |
| Market Cap (₹ Cr.) | 51.03 |
| Debt/Equity | 0.35 |
| EPS (Rs) | 4.96 |
| RoNW | 27.19% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To set up new organizations and stores under a franchise model & tie up with major suppliers,
- Working Capital Requirement, and
- General Corporate Purpose.
Magson IPO Subscription Status (Bidding Detail) #
The Magson IPO is subscribed 6.74 times on Jun 27, 2023 7:29:00 PM. The public issue subscribed 7.38 times in the retail category, times in the QIB category, and 6.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 6.09 |
| Retail | 7.38 |
| Total | 6.74 |
Total Application : 3,703 (7.38 times)
Magson Retail And Distribution Limited IPO Prospectus #
- Magson IPO DRHP
- Magson IPO RHP
Magson Retail And Distribution Limited IPO Listing Details #
| Listing Date | Jul 6, 2023 |
| BSE Script Code | |
| NSE Symbol | MAGSON |
| ISIN | INE0O1S01012 |
| Final Issue Price | ₹65 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹65.00 |
| ₹91.15 |
| ₹86.60 |
| ₹95.70 |
| ₹95.70 |
Company Contact Information #
204-B, Primate Complex, Opp. Mother Milk Palace,
Nr. Judges Bungalows Cross Roads,
Bodakdev, Ahmedabad – 380015
Phone: +91 9978607507
Email: cs.magson@gmail.com
Website: https://www.magson.in/#
Magson IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Magson IPO Lead Manager(s) #
Frequently Asked Questions #
What is Magson Retail & Distribution Limited’s business? #
Magson Retail & Distribution Limited is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods. Their product category includes frozen food (both vegetarian and non-vegetarian), premium cheese and dairy products, exotic vegetables and fruits, ambient products, imported/luxury chocolates, and imported packed products.
How many retail stores/outlets does Magson Retail & Distribution have, and where are they located? #
Magson Retail & Distribution has over 26 retail stores/outlets. Out of these, 16 are operated by the company, 7 by franchise owners, and 3 under 2 joint ventures. The stores are located across Western India in prominent cities, including Thane, Udaipur, Gandhinagar, Anand, Rajkot, Jamnagar, Gandhidham, Surat, Vadodara, and Ahmedabad.
What is the brand name under which Magson Retail & Distribution operates its stores? #
All the stores/outlets operated by Magson Retail & Distribution are under the registered brand name “MagSon.”
When is Magson Retail & Distribution’s IPO date? #
The IPO of Magson Retail & Distribution took place from June 23, 2023, to June 27, 2023.
What is the face value and issue price of Magson Retail & Distribution’s IPO? #
The face value of each share in the IPO is ₹10, and the issue price per share is ₹65.
How many shares were offered in the Magson Retail & Distribution IPO, and what was the total issue size? #
A total of 2,114,000 shares were offered in the Magson Retail & Distribution IPO, aggregating up to ₹13.74 crores.
What is the lot size for the Magson Retail & Distribution IPO? #
The lot size for the Magson Retail & Distribution IPO is 2000 shares.
When was the Magson Retail & Distribution IPO listed on the stock exchanges? #
The Magson Retail & Distribution IPO was listed on the stock exchanges on July 6, 2023.
What were the subscription status and listing price of Magson Retail & Distribution IPO? #
The subscription status for different investor categories (QIB, NII, Retail) was as follows: QIB – Not available, NII – 6.08 times, Retail – 7.13 times. The listing price was ₹91.15 per share.
What are the objectives of Magson Retail & Distribution’s IPO funds? #
The company intends to utilize the net proceeds from the IPO towards:
- Setting up new organizations and stores under a franchise model & tie up with major suppliers.
- Fulfilling working capital requirements.
- General corporate purposes.
Who are the promoters of Magson Retail & Distribution Limited? #
The company promoters are Mr. Rajesh Emmanuel Francis and Mr. Manish Shivnarayan Pancholi.
Please note that the information provided here is based on the available data and may be subject to change.
