Madhusudan Masala Limited

About the company

## **About the Madhusudan Masala Limited IPO :** ### Incorporated in 1982, Madhusudan Masala is engaged in the business of manufacturing and processing of more than 32 types of Spices under the brand names of “DOUBLE HATHI” and “MAHARAJA”. They  also sell products like Whole Spices, Tea, and Other Grocery Products like 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), etc. under the brand name of “DOUBLE HATHI”.  They also generate revenue from trading of whole spices and food grains through unbranded sales. ### The company operates from their manufacturing facility located at Jamnagar, Gujarat. Manufacturing unit is situated at Industrial Area Hapa, Near Jamnagar and is strategically located near the local APMC market thus facilitating easy and quick access to raw materials which reduces the transportation costs as well. The manufacturing facility is equipped with plant & machinery to facilitate efficient production process of cleaning, drying, grading, grinding and packaging. Presently most of their sales are derived from the state of Gujarat. They also sell marginally to some parts of Maharashtra and Rajasthan. ### Now, Madhusudan Masala Limited is coming out with its initial public offer (IPO).  The IPO will be a fresh issue. The money raised will be utilised  to meet working capital requirements & General Corporate Purpose. ## **Here are key details about the Madhusudan Masala Limited IPO :** Company Name| Madhusudan Masala Limited|  | Company Type| Private ---|---|---|---|--- IPO Type|SME

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   18 Sept 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   21 Sept 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   20 Sept 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   25 Sept 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   25 Sept 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   26 Sept 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.