Madhusudan Masala IPO — Listing Performance
Madhusudan Masala IPO facts & figures
| Issue category | SME |
|---|---|
| Issue open date | 18 Sep 2023 |
| Listing date | 26 Sep 2023 |
| Issue price | ₹70 |
| Listing-day close | ₹114 (62.86%) |
| Recent market price | ₹238 (240% vs issue) |
| 52-week range | ₹108.95 – ₹256.05 |
| Identifiers | NSE: MADHUSUDAN · ISIN: INE0P6701019 |
How the listing went
Madhusudan Masala delivered a blockbuster debut, closing its first session 62.86% above the issue price.
Madhusudan Masala against every other debut on record
- Rank in 2023: 34 of 172 NSE debuts, on a 62.86% first-day close.
- 77th percentile of 116 SME debuts in 2023 (median 20.72%).
- 5th of 28 debuts in September 2023.
- Opened 71.43% above issue, then gave up 8.57 points to the close.
- Day-one range ₹114 to ₹124: a 14.29% swing on the issue price.
- Last close ₹238 (11 Sep 2026): 240% above issue, against 62.86% on day one.
- 88% up its 52-week range of ₹108.95 to ₹256.05.
- Priced at the top of the ₹66 to ₹70 band.
- Listed 5 calendar days after close.
- All 601 SME debuts on record: median 14.22%, 79% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources