1.Company Information

Madhusudan Masala IPO is a book built issue of Rs 23.80 crores. The issue is entirely a fresh issue of 34 lakh shares. Madhusudan Masala IPO opens for subscription on September 18, 2023 and closes on September 21, 2023. The allotment for the Madhusudan Masala IPO is expected to be finalized on Tuesday, September 26, 2023. Madhusudan Masala IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 3, 2023. Madhusudan Masala IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000.

The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000. Hem Securities Limited is the book running lead manager of the Madhusudan Masala IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Madhusudan Masala IPO is Hem Finlease. Refer to Madhusudan Masala IPO RHP for detailed information.

2. Objective of the Issue

The Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Funding to meet working capital requirements, and

2. General Corporate Purpose.

3.Madhusudan Masala IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: mml.ipo@kfintech.com

Website:https://kosmic.kfintech.com/ipostatus/