What is the issue size of Magson Retail IPO?

The issue size of the Magson Retail IPO is Rs 13.74 cr.

What is 'pre-apply' for Magson Retail IPO?

Pre-apply will alow you to apply for the Magson Retail IPO 2 days before the subscription period starts.

If I pre-apply for Magson Retail IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Magson Retail IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Magson Retail IPO order is placed?

We will notify you when your Magson Retail IPO order is placed with the exchange.

What are the open and close dates of the for Magson Retail IPO?

Magson Retail IPO will be open between June 23 - June 27, 2023.

What is the lot size and minimum order quantity of the Magson Retail IPO?

The Magson Retail Limited IPO lot size is 2000 shares.

What are the allotment dates for the Magson Retail IPO?

Magson Retail IPO allotment date is 3 July, 2023. For Magson Retail IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Magson Retail IPO?

Magson Retail IPO registrar is Bigshare Services Pvt Ltd. You can check Magson Retail IPO allotment status on the website of the registrar.

Where is the Magson Retail IPO getting listed?

The shares are proposed to be listed on NSE SME.

Magson Retail SME IPO

Magson Retail Limited

₹1,30,000 /2000 sharesMinimum Investment

Magson Retail SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹65.00₹91.00₹26.00 (40.00%)
Magson Retail SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
23 Jun ‘23 - 27 Jun ‘23₹1,30,0002,000₹65 - ₹65
Issue SizeIPO Doc
13.74CrRHP PDF
About Magson Retail SMEMagson Retail, established in 2018, sells products under several categories, including frozen food for vegetarians and non-vegetarians, premium cheese and dairy products, exotic vegetables and fruits, ambient products, imported or luxury chocolates, and imported packaged goods.
Currently, the company operates a network of 26 retail stores and outlets, covering an expansive retail space exceeding 30,000 sq. ft. These stores are strategically located across Western India, with prominent cities such as Thane in Maharashtra, Udaipur in Rajasthan, Gandhinagar, Anand, Rajkot, Jamnagar, and Gandhidham in Gujarat each hosting one outlet. Surat and Vadodara in Gujarat house three stores each, while Ahmedabad boasts thirteen stores and outlets, including a dedicated chocolate store.
;
Parent Organisation
Magson Retail Limited
Founded
2018
Managing Director
Mr. Manish Shivnarayan Pancholi
Strengths & Risks
Magson Retail (MRDL) has a presence across India, including states like Rajasthan and Gujarat.
The company has an extensive product range, comprising over 3000 products, giving it a competitive advantage over its competitors. 
75% of the company's products are procured directly from manufacturers, offering its customers competitive prices while maintaining a healthy profit margin. 
The company manages a spacious 14,000 sq. ft. warehouse to support the sourcing process, ensuring optimal inventory levels and operations. 
The company has maintained stable profitability over the last three years.
The company is currently involved in legal proceedings under Civil Laws and other Acts. The outcome of these proceedings could significantly impact the company's overall business operations and financial standing.
The company has secured a loan from HDFC Bank to meet its financial needs. While the company has been diligently paying its dues and installments thus far, there is a possibility that future cash flow concerns may arise, potentially hindering the company's ability to meet its financial obligations, including interest payments and outstanding dues.
The company's inventory levels are relatively high compared to its total sales. Maintaining effective inventory management is crucial, as any failure in this regard could hurt the company’s financial position.
The company's current assets and net worth include trade receivables and inventories. Failing to effectively manage this inventory could harm key financial aspects such as net sales, profitability, cash flow, and liquidity.
The company has obtained unsecured loans from its promoter directors, which may be recalled at any time. This may harm the company's business operations and financial stability. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹65 - 65₹2 Lakh
High Networth Individual₹65 - 65₹2 - 5 Lakh
For Magson Retail IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹65.00	₹91.00	₹26.00 (40.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
23 Jun ‘23 - 27 Jun ‘23	₹1,30,000	2,000	₹65 - ₹65

Issue Size	IPO Doc
13.74Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹65 - 65	₹2 Lakh
High Networth Individual	₹65 - 65	₹2 - 5 Lakh

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