Magson Retail & Distribution Limited is engaged in the retail and distribution business of gourmet, frozen food, and specialty foods.
Magson Retail & Distribution’s product category includes:
- Frozen food Vegetarian and Non-vegetarian
- Premium Cheese and Dairy products
- Exotic Vegetables and fruits
- Ambient Products
- Imported/ luxury Chocolates
- Imported packed products
The company has over 26 retail stores/outlets of which 16 are operated by the company, 7 are operated by franchise owners and 3 stores are operated under 2 joint ventures. MRDL operates all its stores under the registered brand name “MagSon“.
These stores/outlets are located across Western India with 26 outlets in prominent cities which includes one each in Thane, Udaipur, Gandhinagar, Anand, Rajkot, Jamnagar, and Gandhidham. Three stores each in Surat and Vadodara, and thirteen stores/outlets in Ahmedabad (including one chocolate store). The total retail space of 26 outlets/stores is more than 30,000 sq. ft. with the total stock (SKU) count in the store being more than 3000 units.
The company has rented a warehouse of more than 14,000 sq. ft. in Ahmedabad from where it manages its inventory. Magson procures 75% of the products directly from the manufacturers thereby eliminating the middlemen which enables the company to earn higher margins. The other 25% is supplied directly from other distributors/wholesalers.
In December 2021, Magson launched its own brand – Rf Gourmet, it provides premium products 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 And Distribution IPO – Details
| IPO Opening Date | 23 June 2023 |
| IPO Closing Date | 27 June 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 21,14,000 Shares Worth ₹13.74 Crore Fresh Issue: 21,14,000 Shares Worth ₹13.74 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Private Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Magson Retail And Distribution IPO – Date Schedule
| IPO Open Date | 23 June 2023 |
| IPO Close Date | 27 June 2023 |
| Basis of Allotment | 03 July 2023 |
| Initiation of Refund | 04 July 2023 |
| Credit of Shares to Demat Account | 05 July 2023 |
| IPO Listing Date | 06 July 2023 |
Magson Retail And Distribution IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,30,000 |
| Retail (Maximum) | 1 | 2000 | 1,30,000 |
| HNI (Minimum) | 2 | 4000 | 2,60,000 |
Competitive Strengths
- Existing stores visibility & footsteps.
- Good market prospects for retail business.
- Experienced Promoters in retail business and a well-trained employee base.
- Proposed franchise model with firm tie up with supply chain to get best possible low cost for products to be sold.
- Optimal Utilization of Resources.
- Unique Shopping Experience.
- Wide Product Mix.
- Strong Distribution Network.
- Investment in Software/ technology/ Mobile App for online shopping.
- Strong Marketing Strategy.
Company Promoters
- Mr. Rajesh Emmanuel Francis
- Mr. Manish Shivnarayan Pancholi
Object Of The Issue
- Starting new stores, storage facilities & backward integration of business by food processing packing under company’s own brand “MagSon”.
- Additional Working Capital Requirement.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 32.40 | 30.14 | 1.66 |
| 31 March 2021 | 53.56 | 51.15 | 1.81 |
| 31 March 2022 | 54.92 | 52.51 | 2.23 |
| 31 October 2022 | 36.20 | 34.35 | 1.25 |
Magson Retail And Distribution IPO Promoter Holding
| Pre Issue Share Holding | 95.89% |
| Post Issue Share Holding | 70.06% |
Magson Retail And Distribution IPO Prospectus
- Magson Retail And Distribution IPO DRHP
- Magson Retail And Distribution IPO RHP
Company Contact Information
| Magson Retail And Distribution Limited 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 Retail And Distribution IPO Registrar
| Bigshare Services Private Limited Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
Magson Retail And Distribution IPO Lead Manager(s)
| 1. Isk Advisors Pvt Ltd |
Magson Retail And Distribution IPO FAQs
| What is Magson Retail And Distribution IPO? Magson Retail And Distribution IPO is a SME IPO. The issue is priced at ₹65 per equity share. The IPO is to be listed on NSE SME. |
| When Magson Retail And Distribution IPO will open? The IPO is to open on 23 June 2023 for NII and Retail Investors. |
| How to Magson Retail And Distribution IPO? You can apply Magson Retail And Distribution IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Magson Retail And Distribution IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Magson Retail And Distribution”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Magson Retail And Distribution IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Magson Retail And Distribution”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Magson Retail And Distribution IPO Size? Magson Retail And Distribution IPO size is ₹13.74 crores. |
| What is Magson Retail And Distribution IPO Price Band? Magson Retail And Distribution IPO Price Band is ₹65. |
| What is Magson Retail And Distribution IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,30,000 amount while the maximum bid is 2000 shares with ₹1,30,000. |
| What is the Magson Retail And Distribution IPO Allotment Date? Magson Retail And Distribution IPO allotment date is 03 July 2023. |
| What is the Magson Retail And Distribution IPO Listing Date? Magson Retail And Distribution IPO listing date is 06 July 2023. The IPO is to list on NSE SME. |
