ListedSMEMADHUSUDAN

Madhusudan Masala Limited

Madhusudan Masala Limited is a sme IPO raising ₹24 Cr at ₹66 – ₹70 a share. It listed on 26 Sept 2023 and trades at ₹240 today, +242.6% against its issue price of ₹70. It was subscribed 0.00× in total.

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₹70

Issue price

₹240

Price now

+242.6%

Since issue price

26 Sept 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹66 – ₹70

Cut-off price₹70

Issue size₹24 Cr

Shares per lot2000

Minimum application₹1,40,000

Minimum quantity2000

Face value₹10

Listing exchanges—

ISININE0P6701019

Bidding hours10:00 – 17:00 IST

Bidding window18 Sept 2023 – 21 Sept 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.