Mangalam Alloys Limited IPO Detail
Incorporated in 1988, Mangalam Alloys Limited is a manufacturer of stainless-steel-based products.
The company manufactures SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners in more than 30 international grades and in the size range from 3 mm to 400 mm.
Mangalam Alloys manufactures stainless steel ingots through three furnaces by melting stainless steel scrap, rolling ingots to stainless steel rounds & flats followed by a heat treatment annealing furnace and bright bar unit. Its manufacturing unit spread across 40,000 sq. meters of land, has an installed capacity of 25,000 TPA (Melting Capacity).
The company recorded Rs. 30,292.25 Lacs, Rs. 30,936.90 Lacs, and Rs. 27,125.88 Lacs in revenue from operation in fiscal 2023, 2022, and 2021 respectively.
Company Promoters
IPO Details
| IPO Opening Date | Sep 21, 2023 |
| IPO Closing Date | Sep 25, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹54.91 Cr |
| Fresh Issue | ₹49.01 Cr |
| Offer for Sale | ₹5.90 Cr |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.56x | 1.29x | 0.92x | |
| Day 2 | - | - | 0.90x | 3.76x | 2.33x | |
| Day 3 | - | - | 2.41x | 8.73x | 5.51x |
IPO Tentative Timetable
The Mangalam Alloys Limited IPO open date is Sep 21, 2023, and the close date is Sep 25, 2023. The issue may list on Oct 04, 2023.
| IPO Open Date | Sep 21, 2023 |
| IPO Close Date | Sep 25, 2023 |
| Basis of Allotment Date | Sep 28, 2023 |
| Initiation of Refunds | Sep 29, 2023 |
| Credit of Shares to Demat Account | Oct 03, 2023 |
| IPO Listing Date | Oct 04, 2023 |
IPO Lot Size
The Mangalam Alloys Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128000 |
| Maximum | 1 | 1600 | ₹128000 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 33721.88 | 30195.92 | -680.54 |
| 31-Mar-22 | 32184.54 | 31127.95 | -1.54 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Working capital requirements
- Capital Expenditure for business expansion and research and Development;
- General Corporate Purposes; and
- To meet issue expenses.
Mangalam Alloys Limited IPO Registrar:
Skyline Financial Services Private Ltd
Mangalam Alloys Limited IPO Lead Manager(s):
Expert Global Consultants Private Limited
Company Contact Information:
Mangalam Alloys Limited
Plot No. 3123-3126,
GIDC Phase III,
Chhatral Dist. Gandhinagar - 382729
