Magson Retail and Distribution Share Price

Magson Retail and Distribution Limited (MRDL) was incorporated as Magson Retail And Distribution Private Limited on December 10, 2018 at Ahmedabad as a Private Limited Company with the Registrar of Companies, Ahmedabad, Gujarat. Subsequently, name of the Company was changed to Magson Retail And Distribution Limited pursuant to a fresh Certificate of Incorporation on December 20, 2022 at Gujarat.The Company is engaged in the retail and Distribution business of gourmet, frozen food and speciality foods. MRDL operates all its stores under the registered brand name MagSon. The said stores/ outlets are located across Western India which includes one each in Thane, Maharashtra, Udaipur, Rajasthan, Gandhinagar, Gujarat, Anand, Gujarat, Rajkot, Gujarat, Jamnagar, Gujarat and Gandhidham, Gujarat. Three store each in Surat, Gujarat, Vadodara, Gujarat and thirteen stores/outlets in Ahmedabad (including one chocolate store). The Companys product offerings are divided into categories like Frozen food Vegetarian and Non vegetarian, Premium Cheese and Dairy products, Exotic Vegetables and fruits, Ambient Products, Imported/ luxury Chocolates and Imported packed products. The brand was established in 2009 by Mr. Rajesh Francis and Mr. Manish Pancholi. As the promoters started expanding the product, MagSon became a popular with its target customer for buying Frozen food products. In December 2021, Company launched Rf Gourmet brand having a range of 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. The Company came up with an Initial Public Offer of 21,14,000 Equity Shares of face value of Rs 10 each by raising funds aggregating to Rs 14 Cr in June, 2023 through fresh issue to public. Company started a new venture by a separate chocolate store which is operated under brand name My Chocolate World in 202223. Further, the Company also started a new venture by a separate store which is operated under brand name NASTA BAZAR in 202324.