Mangalam Alloys (NSE SME)
September 21, 2023 – September 25, 2023
| Price | ₹80 - ₹80 |
| Premium | ₹0 |
|---|---|
| Lot size | 1600 |
| Allotment | Sep 27, 2023 |
| Listing | Oct 4, 2023 |
Mangalam Alloys Limited
Plot No. 3123-3126,
GIDC Phase III,
Chhatral Dist. Gandhinagar - 382729
Phone: +91-2764 232064
Email: cs@mangalamalloys.com
Website: https://www.mangalamalloys.com/
Last updated on 25-Sep-2023 17:19:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 32,59,200 | 81,92,000 | 2.51 |
| RETAIL | 32,60,800 | 2,84,51,200 | 8.73 |
| Total | 65,20,000 | 3,66,43,200 | 5.62 |
| Retail Apps | 17,782 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 128000 | 0 |
| HNI | 2 | 3200 | 256000 | 0 |
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.
Mangalam Alloys IPO Details
| 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 Lead Manager(s)
Expert Global Consultants Private Limited
Company Financials
| Period | Mar 2021 | Mar 2022 |
| Assets | 33,721.88 | 32,184.54 |
| Revenue | 30,195.92 | 31,127.95 |
| Profit | -680.54 | -1.54 |
| Net Worth | ||
| Reserves | 4,449.24 | 4,603.81 |
| Borrowing |