Magson Retail and Distribution Ltd - IPO

Magson Retail and Distribution Ltd IPO Details

Initial public offer of upto 21,14,000 equity shares of face value of Rs. 10 each (Equity Shares) of Magson Retail and Distribution Limited (the Company or MRDL or The Issuer) for cash at an issue price of Rs. 65 per equity share (including a share premium of Rs. 55 per equity share) (the Issue Price), aggregating to Rs. 13.74 crores (The Issue), of which upto 1,06,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 20,08,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.93% and 25.58%, respectively of the post issue paid up equity share capital of the company.The face value of the equity share is Rs. 10 and the issue price is 6.5 times of the face value.

Objective of issue

For opening new stores under franchise model. Working capital requirement. General corporate purpose.

Magson Retail and Distribution Ltd Contact Details

Magson Retail and Distribution Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs.magson@gmail.com

Website - www.magson.in