Mangalam Alloys Ltd
Price Range
₹80
Min. Quantity
1,600
Closes on
25 September 2023
Min. investment
₹1,28,000/1,600 Shares
Mangalam Alloys Ltd IPO Timeline
Mangalam Alloys Limited was incorporated by the promoters Mr. Uttamchand Chandanmal Mehta & Mr. Maheshchand Jain with an aim of running stainless steel melting unit as part of business growth. The Company registered with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on August 1, 1988 as Mangalam Alloys Private Limited, which subsequently was converted into a Public Limited Company as Mangalam Alloys Limited vide Fresh Certificate of Incorporation on April 20, 1995, issued by the Registrar of Companies, Gujarat.
| Event | Date |
|---|---|
| Mangalam Alloys Ltd IPO Opening Date | 21 September 2023 |
| Mangalam Alloys Ltd IPO Closing Date | 25 September 2023 |
| Basis of Allotment | 29 September 2023 |
| Initiation of Refunds | 30 September 2023 |
| Credit of Shares to Demat | 3 October 2023 |
| Mangalam Alloys Ltd IPO Listing Date | 4 October 2023 |
Mangalam Alloys Ltd IPO Details
| Mangalam Alloys Ltd IPO Date | 21 September 2023 to 25 September 2023 |
| Mangalam Alloys Ltd IPO Face Value | ₹10 per share |
| Mangalam Alloys Ltd IPO Price | ₹80 to ₹0 per share |
| Mangalam Alloys Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹54.91 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹49.01 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹5.9 Cr) |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Uttamchand Chandanmal Mehta, Tushar Uttamchand Mehta, Meghjyoti Impex Pvt Ltd |
Mangalam Alloys Ltd IPO Lot Size
The Mangalam Alloys Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,28,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,28,000 |
| Maximum | 1 | 1,600 | ₹1,28,000 |
- Strengths
- Risks
- Opportunities
- Experienced promoters.
- Seasoned management team having domain knowledge to scale up and expand into new opportunities.
- Wide portfolio of products addressing the needs of varied customers across the industry.
- State of art manufacturing capability.
- Consistent focus on quality.
Company Financials
Mangalam Alloys Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 390.23 | 305.56 | 11.47 |
| 03-2023 | 332.02 | 308.18 | 10.13 |
| 03-2022 | 300.67 | 309.74 | 5.05 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Working capital requirement
- Capital expenditure for business and research & development
- General corporate purposes
Mangalam Alloys Ltd IPO Promoter Holding
| Pre Issue Share Holding | 19.65% |
| Post Issue Share Holding | 14.77% |
Mangalam Alloys Ltd IPO Subscription Status (Bidding Detail)
The Mangalam Alloys Ltd IPO is subscribed 5.3385 times on 25 September 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 5.3385 |
Mangalam Alloys Ltd IPO Prospectus
Mangalam Alloys Ltd IPO Listing Date
| Listing Date | 4 October 2023 |
| BSE Script | 37158 |
| NSE Symbol | MAL |
| Listing In | NSE - SME |
| ISIN | INE00C401011 |
| IPO Price | ₹80 |
| Face Value | ₹10 |
Company Contact Information
PNo 3123-3126 GIDC Phase IIIChhatral Dis,Gandhinagar-382729
Phone: 91-02764-232064/23/2025
Email: cs@mangalamalloys.com
Website: www.mangalamalloys.com
Mangalam Alloys Ltd IPO Registrar
Mangalam Alloys Ltd IPO Lead Manager(s)
- Expert Global Consultants Pvt Ltd
FAQ
What is the issue size of Mangalam Alloys Ltd IPO?
I have pre-applied for Mangalam Alloys Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.