Madhusudan Masala Limited IPO
Madhusudan Masala Limited was a SME IPO in the Other Food Products sector, offered at ₹66–₹70 per share to raise ₹24 crore. It listed on 26 Sep 2023 at ₹120 and closed its first day at ₹114, a listing gain of +62.9% versus the ₹70 issue price. It now trades around ₹253 (+262.0% versus the issue price).
Frequently asked questions
- What were the Madhusudan Masala Limited IPO listing gains?
- Madhusudan Masala Limited listed on 26 Sep 2023 at ₹120, closing its first day at ₹114 — a listing gain of +62.9% versus the ₹70 issue price.
- What was the price band and lot size of the Madhusudan Masala Limited IPO?
- The price band was ₹66–₹70 per share, with a minimum lot of 2,000 shares (₹1,40,000 at the upper band).
- Who were the registrar and lead manager for the Madhusudan Masala Limited IPO?
- KFin Technologies Limited was the registrar, and HEM Securities was the book-running lead manager.