31 Mar 2021
Assets26.00
Total Income68.75
Profit After Tax0.45
NET Worth10.94
Total Borrowing9.66
At a glance
Updated 2026-08-23The shares listed at ₹120.00, a 71.43% move from the issue price. Madhusudan Masala is a SME IPO with an issue size of ₹23.80 crore, proposed for listing on NSE SME. The offer opens on 18th Sep 2023 and closes on 21st Sep 2023. The issue structure includes a fresh issue of ₹22.60 crore. The current listing schedule points to 26th Sep 2023.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹23.80 Cr
Fresh issue₹22.60 Cr
Face value₹10
Price band₹66.00–₹70.00
Allotment26th Sep 2023
Listing26th Sep 2023
Listing performance
Full performance ↗Issue price₹70.00
Listing price₹120.00
Current price—
Listing gain71.43%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹61.00
GMP / upper price87.14%
Est. listing₹131.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens18th Sep 2023
Closes21st Sep 2023
Allotment26th Sep 2023
Refund27th Sep 2023
Demat29th Sep 2023
Listing26th Sep 2023
Subscription demand
Full bidding ↗Total444.27×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹140,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding to meet working capital requirements | ₹16.00 Cr |
| General Corporate Purpose | ₹5.26 Cr |
Financials
Full financials ↗31 Mar 2022
Assets35.14
Total Income66.52
Profit After Tax0.81
NET Worth0.31
Reserves and Surplus0.30
Total Borrowing28.20
31 Mar 2023
Assets57.37
Total Income127.51
Profit After Tax5.76
NET Worth10.99
Reserves and Surplus5.99
Total Borrowing42.17
Trend chart₹ crore
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS6.94
Pre-IPO P/E10.08
Post-IPO P/E15.7
Promoter holding pre100%
Promoter holding post73.64%
Market cap₹90.30 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manger Fees | ₹0.25 Cr |
| Fees Payable to Registrar to the Issue | ₹0.03 Cr |
| Fees Payable for Advertising and Publishing Expenses | ₹0.07 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.06 Cr |
| Payment for Printing & Stationery, Postage, etc. | ₹0.03 Cr |
| Fees Payable to Auditor, Legal Advisors and other Professionals | ₹0.04 Cr |
| Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | ₹2.07 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Hem Securities Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.