Magson Retail & Distribution was established on December 10, 2018. The company operates in the retail and distribution sector, specializing in gourmet, frozen food, and specialty foods.
| Bidding Dates |
|---|
| 23 Jun 2023 - 27 Jun 2023 |
| Subscription |
|---|
| 6.45x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,30,000 | 1 | 1 | 2000 | 2.1 M | ₹65 | 73.07 % | ₹137.4 M | RHP DOC |
Magson Retail IPO SUBSCRIPTION STATUS
27 Jun '23Magson Retail IPO overall subscription rate was 6.45 times the total available shares
Magson Retail IPO retail subscription rate was 7.01 times in the retail segment
Magson Retail IPO non-institutional investor subscription rate was 5.89 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
27 Jun 2023 (Day 3) | 7.01x | 5.89x | - |
26 Jun 2023 (Day 2) | 2.22x | 1.07x | - |
23 Jun 2023 (Day 1) | 0.6x | 0.53x | - |
Magson Retail FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 25.2 | 628.2 | 9.6 | 2.1 |
| FY22 | 22.3 | 555.4 | 30.8 | 10.7 |
| FY21 | 18.2 | 535.6 | 15.3 | -4.2 |
Magson Retail IPO SUBSCRIPTION STATUS DETAILS
Magson Retail had 2.1 M shares on offer
Magson Retail IPO offer price was ₹65
Magson Retail IPO minimum Investment was ₹130000
Magson Retail IPO issue size was ₹ 137.4 M
Magson Retail had a minimum lot size of 2000 Shares per application
Magson Retail NUMBER OF SHARES ON OFFER
Magson Retail IPO IMPORTANT DATES
| Issue Open Date | 23 Jun 2023 |
| Issue close Date | 27 Jun 2023 |
| Allotment Date | 03 Jul 2023 |
| Refund Date | 04 Jul 2023 |
| Demat Account Credit Date | 05 Jul 2023 |
| Listing Date | 06 Jul 2023 |
| Listing on Exchange(s) | NSE |
| Magson Retail Allotment Status | Exchange |
Magson Retail IPO subscription opened on 23 Jun 2023, and closed on 27 Jun 2023
IPO allotment for Magson Retail was finalized on Monday, 03 Jul 2023
IPO listing for Magson Retail was on NSE on Thursday, 06 Jul 2023
Magson Retail IPO LISTING GAINS
| Issue Price (adjusted) | 65.0 |
| Listing Open Price | 91.2 |
| Listing Close Price | 95.7 |
| Listing Gain% | 40.2% |
| Current Gain% | 176.9% |
Magson Retail Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Magson Retail & Distribution Ltd. | 180 | 141.3 | 301.4 | 38.7 | 1.3 | 1 | 0.8 | 110.2 | 60.1 | 0.9 | 95.7 | 0.6 | 7.8 |
| Avenue Supermarts Ltd. | 3900 | 254375.9 | 83.2 | 6.4 | 3.6 | 12.1 | 10.1 | 68894.8 | 15.8 | 2970.5 | 9.7 | 46.9 | 13 |
| Trent Ltd. | 2997 | 159809.7 | 88.3 | 6.2 | 7.6 | 24.6 | 14.7 | 20189 | 16.3 | 1719.6 | 11.2 | 33.9 | 14.2 |
| Vishal Mega Mart Ltd. | 108.7 | 50927.8 | 57.1 | 1.9 | 3.8 | 11.3 | 7.3 | 12992.6 | 20.6 | 839.2 | 32.8 | 1.9 | 29.7 |
| V2 Retail Ltd. | 219.4 | 8001.6 | 49.6 | 0.4 | 2.6 | 18 | 6.7 | 3077.4 | 62.7 | 162.1 | 125 | 4.4 | 124.2 |
| Aditya Birla Fashion and Retail Ltd. | 63.3 | 7729.7 | -9.9 | 0.1 | 0.9 | -13.3 | -4.4 | 8486.5 | 12.4 | -775.9 | -106.5 | -6.4 | -67.2 |
Magson Retail INFORMATION ON IPO ISSUE
About Magson Retail
Magson Retail & Distribution was established on December 10, 2018. The company operates in the retail and distribution sector, specializing in gourmet, frozen food, and specialty foods.
Object of the Issue
- To set up new organizations and stores under a franchise model and tie up with major suppliers
- Working capital requirement
- General corporate purpose
Magson Retail - PROMOTERS
| Name |
|---|
| Rajesh Emmanuel Francis |
| Manish Shivnarayan Pancholi |
| Kavin Dineshkumar Dave |
| Nishat Brahmbhatt |
| Jennifer Rajesh Francis |
| Atula Patel |
Magson Retail Lead Manager to the Issue
ISK Advisors Private Limited
ncmpl@ncmpl.com
Magson Retail Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Magson Retail Strengths
Wide product mix
The company's stores boast an extensive product range, offering customers a selection of over 3000+ products. This gives the company a competitive edge over its rivals
Strong marketing strategy
The company has consistently launched marketing campaigns to promote the MagSon brand through various channels, including radio, newspaper advertisements, and social media platforms
Magson Retail Risks
Collateral
The company's lenders have a charge on both its movable and immovable assets in relation to the financing it has obtained
Competition
The company faces competition from organized and unorganized players, which may adversely affect business operations and the financial condition
IPO FAQs
The promoters of the company are Rajesh Emmanuel Francis, Manish Shivnarayan Pancholi, Kavin Dineshkumar Dave, Nishat Brahmbhatt, Jennifer Rajesh Francis and Atula Patel.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 65.0 - 65.0.
The IPO application opens on Jun 23, 2023 and closes on Jun 27, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 130,000.0, the maximum value for this IPO is Rs 130,000.0.
This IPO will be allotted on Jul 03, 2023.
The refund will be credited to your account on Jul 04, 2023.
The allotted shares will be credited to your demat on Jul 05, 2023.
Magson Retail & Distribution Ltd.’s shares listed on the stock exchanges on Jul 06, 2023.