Magson Retail And Distribution Limited IPO Message Board (Page 5)

Applied finally 5lot

Applied 4 lots application to get 1 lot.

@Gaurav DD dimer  as its oversubscribed 6 times- will it go for lottery ? I have applied 5 lot application - hoping for allotment

Did not apply due to no gmp
I don't wanna take risk
Plus fund shortage

Applied 3 retail applications to get 1/2 allotments.

Very optimistic. Subscription is around 7× . Probability of allotment 1/7.

@Trueinfo Yes. Got allotment in Spectrum after 5 years. And that too 2/3. After that I have become super optimistic. 😍

Will get 4 lots in HNI here and expecting 3-4 lots in Retail. good ipo.

Applied to get 2-3 lots. Should be one of the best SME RETURN-WISE in short term (2-3 months only).
All the best who applied. 👍🙏🏻

@SSingh Sir, you didn't mention how many u get allotted? As you wrote Applied to get 2-3 lots.

Dinesh bhai. Got 0 in allotments. :)

Applied 7 lot HNI application.
Expecting final HNI subscription to be 5x.

@GrayIsTheNewBlack  All the best....Just could spare funds for 1 retail .... :)

@Safe Bet , Thank you Brother ..
I skipped Greenchef and Essen completely as it was just a block unblock game.
Magson should give atleast something (expecting more than 10k gain).
Also applied FF in Idea Forge (7x bHNI applications).

Applied 4 lots HNI

Applied 3 lots

Magson app has only 24 downloads on Android and only 3 download on apple.

It is 24 reviews and not downloads. 10 thousand downloads is showing

Yes sorry mistake it's review 24 number

As of now
Essen 4 retail
Greenchef 1 retail
Magson 2 retail
Cyient 8 retail
Ideaforg 5 SHNI + 3 retail
May add
Essen 1 and Greenchef 3

HNI's less subscription then retail is not encouraging sign.....

I am avoiding it unless HNI portion is above 5 times.

What Will be the allotment ratio if retailers subscription is more times than NII...

according to total subscription, currently 3.01

I will apply here to get minimum 5 lots

IPO fully subscribed. No need for any positive-negative views anymore. Hope for good listing.

vo to theek hai bhai
but spectrum ka loss itna ho gaya
ab bina GMP ke ipo lagana bewkoofi lagti hai

People were bullish for Spectrum but listing was disaster Thus IPOs with substantial GMP may only be considered for listing gains. In case if you like some IPO for long term, it can be bought after listing, may be below the IPO price. Rest the decision lies with individual

GMP ZERO
BIG ZERO
IN ALL IPO GMP SITE

I have not seen any IPO in recent times with such lack of interest. Not good signs

I went to one of the shop in surat yesterday.I liked few things mentioned below.
Prime location
Good stock
Great footfall 
Non veg is just a single cataegory. They are doing lot more then that.Premium vegetables
Staff was also very helpfullIn long term this is very good bet.

As it will list with many popular and actively traded issues on same day, chances of negative listing cannot be ruled out. Thus please consider your risk appetite before applying

#Magson #SME
Biz
- retail and distribution business of gourmet, frozen food, and specialty foods under Magson & My Chocolate World brands
- jain brothers, the company deals in Nonveg products as well
- Products are Frozen food Vegetarian and Non-vegetarian, Premium Cheese and Dairy products, Exotic Vegetables and fruits, Ambient Products, Imported/ luxury Chocolates, Imported packed products etc
- 26 retail stores/outlets of 16 are operated by the company, 7 by franchises and 3 under 2 jv
- Available on e‐commerce and online shopping and also mobile app (2% sales)
- The total retail space of 30,000 sq. ft+ . with 3000 SKU
- warehouse of 14,000 sq. ft +
- procures 75% directly from MFg
- own brand - Rf Gourmet ( based on promoter's name) with premium products such as French Fries, Fiery Fries, Chilli Garlic Potato Shots, Delhi Aloo Tikki, Veggie Burger Tikki, Chunky Fries, Eggs, and a range of Chicken Seekh Kababs
- Own brand is procured instead of mfg on their own
- 149 Emp
- to set up additional 10 stores in various cities of India in next 18 months
- Warehouse has cold storage, temp controlled storage

Issue
- 13.74 Cr issue size , 1057 lots with 51 cr mcap
- No QIB
- Post Issue Share Holding 70.06% from 95.89%
- IPO proceed To set up new org and stores under a franchise model & tie up with major suppliers & WCAP
- PreIPO placement at 65 Rs 2,36,000 Equity Shares to Himanshu Patel

Peer
- Osia hyper with PE of 34 and OPM 5%

Good
- Growing Rev and Profit
- Borrowing stable but not reducing
- OCF positive
- PE 13/15
Bad
- Single digit PM
- missing some key approval such as Prof Tax etc.
- resignation of 3 directors on early 2023
- other exp is 13% of total exp

Conclusion: nothing bad in the company, no glaring issues or window dressing. if you have funds to apply considering 2 mainboard IPO must apply. apply here

I dont have money left as Ideaforge closing tomo so cant arrange funds to apply to Magson