
Retail & Consumer Goods · NSE
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.
Price Band
₹65
Issue Size
₹13.74 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹65
at current GMP
Subscribed
6.79x
overall
Open
23 Jun 2023
Close
27 Jun 2023
Allotment
3 Jul 2023
Refund
4 Jul 2023
Demat Credit
5 Jul 2023
Listing
6 Jul 2023
Overall Subscription
6.79x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
6.20x
High Net-Worth
Retail (RII)
7.38x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,004,000 | 6,220,000 | 6.20x |
| RETAIL | 1,004,000 | 7,406,000 | 7.38x |
| Total | 2,008,000 | 13,626,000 | 6.79x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 370 | 2,731 | 7.38x |
| HNIs (10L +) | 2 | 12 | 6.20x |
| HNIs (2-10L) | 11 | 68 | 6.20x |
| Total Applications | 383 | 2,811 | 7.34x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Magson Retail And Distribution Limited is bringing an initial public offering (IPO) in the Retail & Consumer Goods sector with an aggregate issue size of ₹13.74 Crores. The shares are offered at a price band of ₹65 to ₹65 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
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.
Following the close of bidding on 2023-06-27, the basis of allotment is scheduled to be finalized on 2023-07-03. 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 (Bigshare Services Private Limited) or the BSE allotment checking window.
Currently, Magson Retail And Distribution Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹65 to ₹65 per equity share.
The retail lot size is 2000 shares requiring a minimum application amount of ₹1,30,000. Expected listing price is ₹65 per equity share.
The Magson Retail And Distribution Limited IPO aggregate issue size is ₹13.74 Crores with an equity price band set at ₹65 to ₹65 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,30,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 6.79x (Retail: 7.38x, QIB: 0.00x, NII: 6.20x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2023-07-03. Investors can verify status using PAN card or application number.
Magson Retail And Distribution Limited shares are scheduled to list on NSE on 2023-07-06.