Magson Retail & Distribution Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,004,000 (47%) | — | ₹653 Cr |
| Retail | — | 1,004,000 (47%) | — | ₹653 Cr |
| Market Maker | — | 106,000 (5%) | — | ₹7 Cr |
| Σ Total | — | 2,114,000 (100%) | — | ₹13,741 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹130,000 |
| Retail (Max) | 13 | 26,000 | ₹1,690,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,820,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,710,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 6,301 | 5,567 | 5,359 |
| Profit After Tax | 252 | 223 | 182 |
| Net Worth | 926 | 574 | 351 |
| Total Assets | 2,000 | 1,495 | 1,284 |
| Reserves & Surplus | 353 | 573 | 350 |
| Total Borrowing | 322 | 345 | 387 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To set up new organisation and stores under franchise model & tie up with major suppliers. – 3.94
- Working Capital Requirement – 8.00
- General Corporate Purpose – 1.30
Company Overview
Incorporated in 2018, 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.