The Mangalam Alloys Limited IPO is a fixed price offering valued at Rs 54.91 crores. This IPO consists of a combination of a fresh issue of 61.26 lakh shares, totaling Rs 49.01 crores, and an offer for sale of 7.38 lakh shares, amounting to Rs 5.90 crores.
Investors can subscribe to the Mangalam Alloys IPO from September 21, 2023, to September 25, 2023. The allotment process for this IPO is anticipated to be completed by Thursday, September 28, 2023. Mangalam Alloys IPO is set to be listed on the NSE SME platform, with a tentative listing date scheduled for Wednesday, October 4, 2023.
The price per share for the Mangalam Alloys IPO is ₹80. The minimum lot size for an application is 1600 Shares, requiring a minimum investment of ₹128,000 for retail investors. High Net Worth Individuals (HNIs) have a minimum lot size investment of 2 lots (3,200 shares), amounting to ₹256,000.
Expert Global Consultants Private Limited is the book running lead manager for the Mangalam Alloys IPO, and Skyline Financial Services Private Ltd is the registrar for the issue.
For comprehensive information, please refer to the Mangalam Alloys IPO DRHP (Draft Red Herring Prospectus).
Mangalam Alloys IPO Details #
| IPO Date | September 21, 2023 to September 25, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,864,000 shares (aggregating up to ₹54.91 Cr) |
| Fresh Issue | 6,126,400 shares (aggregating up to ₹49.01 Cr) |
| Offer for Sale | 737,600 shares of ₹10 (aggregating up to ₹5.90 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,559,527 |
| Share holding post issue | 24,685,927 |
Mangalam Alloys IPO Reservation #
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Mangalam Alloys IPO Timeline (Tentative Schedule) #
Mangalam Alloys IPO opens on September 21, 2023, and closes on September 25, 2023.
| IPO Open Date | Thursday, September 21, 2023 |
| IPO Close Date | Monday, September 25, 2023 |
| Basis of Allotment | Thursday, September 28, 2023 |
| Initiation of Refunds | Friday, September 29, 2023 |
| Credit of Shares to Demat | Tuesday, October 3, 2023 |
| Listing Date | Wednesday, October 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 25, 2023 |
IPO Lot Size #
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
| Lot Size Calculator | |||
About Mangalam Alloys IPO #
Founded in 1988, Mangalam Alloys Limited has established itself as a prominent manufacturer of stainless steel-based products.
The company’s product portfolio encompasses a wide range of stainless steel offerings, including SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners. These products are available in more than 30 international grades and are offered in various sizes ranging from 3 mm to 400 mm.
Mangalam Alloys employs a comprehensive manufacturing process that involves the production of stainless steel ingots using three furnaces, followed by the rolling of ingots into stainless steel rounds and flats. This process includes a heat treatment annealing furnace and a bright bar unit. The company’s manufacturing facility spans across an expansive 40,000 square meters of land and boasts an installed capacity of 25,000 TPA (Melting Capacity).
For fiscal years 2023, 2022, and 2021, Mangalam Alloys Limited reported revenues from operations amounting to Rs. 30,292.25 Lacs, Rs. 30,936.90 Lacs, and Rs. 27,125.88 Lacs, respectively.
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 |
| Assets | 33,721.88 | 32,184.54 |
| Revenue | 30,195.92 | 31,127.95 |
| Profit After Tax | -680.54 | -1.54 |
| Net Worth | ||
| Reserves and Surplus | 4,449.24 | 4,603.81 |
| Total Borrowing |
Objects of the Issue (Mangalam Alloys IPO Objectives) #
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 IPO Prospectus #
IPO Contact Details #
Plot No. 3123-3126,
GIDC Phase III,
Chhatral Dist. Gandhinagar – 382729
Phone: +91-2764 232064
Email: cs@mangalamalloys.com
Website: https://www.mangalamalloys.com/
Mangalam Alloys IPO Registrar #
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Mangalam Alloys IPO – Buy or Not #
Mangalam Alloys IPO Recommendation Summary
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 0 | 0 | 0 |
| Members | 1 | 0 | 0 |
Read All Reviews Post Your Review Manage Reviews
Mangalam Alloys Limited IPO Lead Manager(s) #
FAQs #
What is the total issue size for the Mangalam Alloys IPO? #
The Mangalam Alloys IPO has a total issue size of ₹54.91 crores, which includes a fresh issue of ₹49.01 crores and an offer for sale of ₹5.90 crores.
When can investors subscribe to the Mangalam Alloys IPO? #
Investors can subscribe to the Mangalam Alloys IPO from September 21, 2023, to September 25, 2023.
What is the price per share for the Mangalam Alloys IPO? #
The price per share for the Mangalam Alloys IPO is ₹80.
What is the minimum lot size for an application in the Mangalam Alloys IPO? #
The minimum lot size for an application is 1600 shares, requiring a minimum investment of ₹128,000 for retail investors. High Net Worth Individuals (HNIs) have a minimum lot size investment of 2 lots (3,200 shares), amounting to ₹256,000.
Who is the book running lead manager for the Mangalam Alloys IPO? #
Expert Global Consultants Private Limited is the book running lead manager for the Mangalam Alloys IPO.
What is the business focus of Mangalam Alloys Limited? #
Mangalam Alloys Limited, established in 1988, is a manufacturer of stainless steel-based products. They offer a wide range of stainless steel offerings, including SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners.
Please note that the information provided in the FAQs is based on the data available. For the latest updates and detailed information, please refer to the official sources and the prospectus.
