Madhusudan Masala Limited
ListedSMEFood & Beverage (FMCG) · NSE
Incorporated in 1996, Madhusudan Masala Limited manufactures over 32 types of spices under the brands "DOUBLE HATHI" and "MAHARAJA" and also offers whole spices, tea, and grocery products like Rajgira flour, Papad, Soya products, Asafoetida, black salt, and rock salt. The company operates two segments: Ground Spices, including Chilli, Turmeric, and Coriander powders, and Blend Spices, including Garam Masala, Tea Masala, Pav Bhaji Masala, Kitchen King Masala, and Chicken Masala. Its manufacturing facility in Hapa, near Jamnagar, is ISO 9001:2015, ISO 22000:2018, HACCP certified, and FSSAI licensed. Madhusudan Masala recorded revenues of ₹12,721.60 Lacs in FY23. The company’s IPO will list on NSE SME.
Price Band
₹66 – ₹70
Issue Size
₹23.80 Cr
Lot Size
2000 shares
GMP
₹61
+87.1%
Est. Listing
₹131
at current GMP
Subscribed
444.34x
overall
Open
18 Sep 2023
Close
21 Sep 2023
Allotment
23 Sep 2023
Refund
24 Sep 2023
Demat Credit
25 Sep 2023
Listing
26 Sep 2023
Last updated 12 days ago
Overall Subscription
444.34x
Total Demand
QIB Multiplier
86.91x
Institutions & Funds
NII / HNI
574.44x
High Net-Worth
Retail (RII)
592.73x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 646,000 | 56,144,000 | 86.91x |
| NIB | 486,000 | 279,176,000 | 574.44x |
| RETAIL | 1,130,000 | 669,782,000 | 592.73x |
| Total | 2,262,000 | 1,005,102,000 | 444.34x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 595 | 352,674 | 592.73x |
| HNIs (10L +) | 4 | 2,298 | 574.44x |
| HNIs (2-10L) | 18 | 10,340 | 574.44x |
| Total Applications | 617 | 365,312 | 592.08x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Madhusudan Masala Limited Public Issue & Market Profile
Madhusudan Masala Limited is bringing an initial public offering (IPO) in the Food & Beverage (FMCG) sector with an aggregate issue size of ₹23.8 Crores. The shares are offered at a price band of ₹66 to ₹70 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2023-09-21, the basis of allotment is scheduled to be finalized on 2023-09-23. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is Madhusudan Masala Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Madhusudan Masala Limited IPO is ₹61 per equity share. Based on the upper price band of ₹66 to ₹70 per equity share, the estimated listing price is ₹131 (+87.1% expected listing gain).
What is the expected profit per lot for Madhusudan Masala Limited IPO?
With a lot size of 2000 shares and current GMP of ₹61, the expected profit per application lot is approx ₹1,22,000 (+87.1% gain). Minimum application cost is approx ₹1,40,000.
What is the issue size and price band for Madhusudan Masala Limited IPO?
The Madhusudan Masala Limited IPO aggregate issue size is ₹23.8 Crores with an equity price band set at ₹66 to ₹70 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
How can I check Madhusudan Masala Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 444.34x (Retail: 592.73x, QIB: 86.91x, NII: 574.44x). You can track live multiples directly on our dedicated subscription page.
Where and when will Madhusudan Masala Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-09-23. Investors can verify status using PAN card or application number.
When is the listing date for Madhusudan Masala Limited IPO?
Madhusudan Masala Limited shares are scheduled to list on NSE on 2023-09-26.