Mangalam Worldwide Limited IPO Detail
Incorporated in 1995, Mangalam Worldwide Limited is engaged in the manufacturing of stainless steel (SS). The company manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel - scrap, ferro alloys, etc.
Mangalam Worldwide has two Plants, located at Halol (Unit I) and Changodar (Unit II). Unit I has an installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets and Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars.
The company's customers have spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh in different industry segments like food and dairy equipment, Utensils, oil and gas, aerospace and medical devices among others. Managalam Worldwide is also exporting the products to Brazil.
Competitive Strengths:
- Prime Location of Manufacturing Units.
- Scalable Business Model.
- Long term relationship with Customers.
- Cost effective production and timely fulfilment of orders.
- Captive Consumption.
Company Promoters
Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal are the company promoters.IPO Details
| IPO Opening Date | Jun 30, 2022 |
| IPO Closing Date | Jul 04, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹101 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹65.58 Cr |
| Fresh Issue | 6,493,200 shares of ₹10 (aggregating up to ₹65.58 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.39x | 0.05x | 0.22x | |
| Day 2 | - | - | 1.28x | 0.13x | 0.70x | |
| Day 3 | - | - | 2.20x | 0.46x | 1.33x |
IPO Tentative Timetable
The Mangalam Worldwide Limited IPO open date is Jun 30, 2022, and the close date is Jul 04, 2022. The issue may list on Jul 12, 2022.
| IPO Open Date | Jun 30, 2022 |
| IPO Close Date | Jul 04, 2022 |
| Basis of Allotment Date | Jul 07, 2022 |
| Initiation of Refunds | Jul 08, 2022 |
| Credit of Shares to Demat Account | Jul 11, 2022 |
| IPO Listing Date | Jul 12, 2022 |
IPO Lot Size
The Mangalam Worldwide Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹121200 |
| Maximum | 1 | 1200 | ₹121200 |
IPO Promoter Holding
| Pre Issue Share Holding | 87.04% |
| Post Issue Share Holding | 63.97% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4740.15 | 30332.31 | 265.47 |
| 31-Mar-22 | 12265.02 | 53347.96 | 1230.98 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements.
2. General Corporate Purpose.
3. To meet Public Issue Expenses.
Mangalam Worldwide Limited IPO Registrar:
Link Intime India Private Ltd
Mangalam Worldwide Limited IPO Lead Manager(s):
Beeline Broking Ltd (Past IPO Performance)
Company Contact Information:
Mangalam Worldwide Limited
102, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura Ahmedabad, 380009
Gujarat
