The allotment status for Madhusudan Masala IPO (Initial Public Offering) will be determined on September 26, 2023. The refund process will begin on September 27, 2023 and shares will be added to Demat accounts on September 29, 2023. It is expected that Madhusudan Masala IPO will be listed on October 3, 2023. Investors can check their allotment status online on the kfintech website or through their bank and Demat account in offline mode. Here is a step-by-step guide on how to check the allotment status for Madhusudan Masala IPO online or offline.
The company plans to raise approximately ₹23.80 Crores through the IPO, with a fixed price per equity share of ₹66 to ₹70. The IPO will be listed on the NSE SME.
How To Check Madhusudan Masala IPO Allotment Status:
Madhusudan Masala IPO Time Table:
| Event | Date |
| Opening Date | 18 September 2023 (Monday) |
| Closing Date | 21 September 2023 (Thursday) |
| Basis of Allotment | 26 September 2023 (Tuesday) |
| Initiation of Refunds | 27 September 2023 (Wednesday) |
| Credit of Shares to Demat | 29 September 2023 (Friday) |
| Listing Date | 3 October 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 21 September 2023 |
Madhusudan Masala IPO Subscription Status:
| Category | Subscription |
| QIB | 86.91x |
| NII | 574.08x |
| Retail | 592.73x |
| Total | 444.27x |
Madhusudan Masala IPO Allotment Date:
The allotment date for Madhusudan Masala IPO is 26 September 2023.
Madhusudan Masala IPO Allotment Timing:
The allotment status of Madhusudan Masala IPO will be updated on the register’s website between 10:00 PM tonight (26 September 2023) and 11:00 AM tomorrow (27 September 2023).
Madhusudan Masala IPO Allotment Chances:
The basis of allotment for the Madhusudan Masala IPO will be around 0.169%, as determined by the retail subscription rate. (Approx.)
You can Check Madhusudan Masala IPO Allotment Status in two ways:
Madhusudan Masala IPO: Discover Your Allotment Status on BSE
- Go to the direct BSE link at : BSE Link (Click Here) and log in.
- Select the Madhusudan Masala IPO.
- Enter the Madhusudan Masala IPO application number.
- Enter your PAN details.
- Verify that you are not a robot by clicking the ‘I’m not a robot’ button.
- Click the ‘Submit’ button.
Madhusudan Masala IPO: Discover Your Allotment Status on kfintech
- Go to the direct kfintech link at (Click Here) and log in.
- Select the Madhusudan Masala IPO.
- Enter the Madhusudan Masala IPO application number.
- Enter your PAN details.
- Verify that you are not a robot by clicking the ‘I’m not a robot’ button.
- Click the ‘Submit’ button.
Madhusudan Masala IPO Allotment Link
Madhusudan Masala IPO GMP TODAY:
| Company Name | GMP (₹) | Listing Gain |
| Madhusudan Masala IPO GMP | ₹59 | 84.29% |
About Madhusudan Masala Limited
Madhusudan Masala Limited is all about making and processing over 32 different kinds of spices. They do it under two cool brand names: “DOUBLE HATHI” and “MAHARAJA.”
But that’s not all! They also offer other kitchen goodies like whole spices, tea, and grocery stuff such as Rajgira flour, Papad, Soya Products, Asafoetida (Hing), Achar masala (Ready to make pickle powder), Sanchar (Black salt powder), Sindhalu (Rock salt powder), Katlu powder (Food supplement), Kasuri Methi (Dry fenugreek), and more under the name “DOUBLE HATHI.”
They’re not just about their own stuff, though. They sell whole spices in small and large quantities, as well as papad, soya products, Asafoetida (Hing), black salt, rock salt, and more, from other suppliers. They package it all up and call it “DOUBLE HATHI” too.
Madhusudan Masala has two main types of products:
- Ground spices: This includes things like Chilli Powder, Turmeric Powder, Coriander Powder, and Coriander Cumin Powder.
- Blend Spices: These are the fancy mixes like Garam Masala, Tea Masala, Chhole Masala, Sambhar Masala, Pav Bhaji Masala, Pani Puri Masala, Sabji Masala, Kitchen King Masala, Chicken Masala, Meat Masala, Chatpata Chat Masala, Butter Milk Masala, Chewda Masala, Dry Ginger Powder (Sunth), Black Pepper Powder (Mari), Dry Mango Powder (Aamchur), and more.
Madhusudan Masala’s factory is in Industrial Area Hapa, Near Jamnagar. They’re really serious about quality and have got certifications like ISO 9001:2015 for their quality management system, ISO 22000:2018 for Food Safety Management System, HACCP for Hazard Analysis Critical Control Points, and they’ve also got an FSSAI license under the Food Safety and Standards Act 2006.
Now, talking numbers, in the years 2021, 2022, and 2023, the company brought in revenues of Rs. 6,868.03 Lacs, Rs. 6,540.81 Lacs, and Rs. 12,721.60 Lacs respectively from their operations.
Madhusudan Masala IPO FAQs
When is Madhusudan Masala IPO Allotment Date?
Madhusudan Masala IPO Allotment is to be available on September 26, 2023.
What will be Madhusudan Masala IPO Refund Date?
The IPO refund date is September 27, 2023.
What are the Madhusudan Masala IPO Allotment Chances in Percentage (%)?
The Madhusudan Masala IPO allotment is based on the subscription. As per the retail application received the basis of allotment will be around 0.169%. (Approx.)
How do I Check My Madhusudan Masala IPO Allotment Status?
How to Check Your Madhusudan Masala IPO Allotment Status: Utilize Your PAN Number, Application Number, or Verify the Deducted Amount from Your Bank Account.
How to check Madhusudan Masala IPO Allotment Status?
To check your Madhusudan Masala IPO allotment status, you can use your PAN number, application number or check the amount deducted from your bank account.
How to check the Madhusudan Masala IPO Allotment via Registrar ( Name )?
To check the allotment status of Madhusudan Masala IPO, simply log onto the allotment page and enter your application number, PAN number, or demat account number. It’s that easy! Click Here
What is Madhusudan Masala IPO Listing Date?
Madhusudan Masala IPO listing date is October 3, 2023. The IPO is to list on NSE SME.
For Motre Detail of Madhusudan Masala IPO Click Here
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