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MAGSONSME / NSEListed

Magson Retail And Distribution Limited

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.

₹65 - ₹656.79x sub
Listed Price91.15
Listing Gain+40.23%
TimelineFixed Price Issue IPO
Open23 Jun 2023
Close27 Jun 2023
Allotment03 Jul 2023
Listing06 Jul 2023

Quota Reservation Portions

Market MakerPortion: 1,06,000 shares
5.01%
Nii (hni)Portion: 10,04,000 shares
47.49%
RetailPortion: 10,04,000 shares
47.49%

Minimum Application Bracket Matrix

Retail1 lots / 2,000 shares
₹1,30,000
HNI2 lots / 4,000 shares
₹2,60,000

About the Company

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.

Company Promoters

Mr. Rajesh Emmanuel FrancisMr. Manish Shivnarayan Pancholi

Registrar

Bigshare Services Private Limited
Magson Retail And Distribution Limited IPO Details | GMP, Allotment & Financials | IPO Trending