Mangalam Alloys IPO GMP Details
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Mangalam Alloys Limited, Established in 1988, specializes in the production of stainless steel-based products. Their diverse product range includes SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners, encompassing over 30 international grades and sizes ranging from 3 mm to 400 mm.
Mangalam Alloys manufactures stainless steel ingots using three furnaces that involve melting stainless steel scrap, rolling ingots into stainless steel rounds and flats, and subjecting them to heat treatment in an annealing furnace before final processing in the bright bar unit. Their expansive manufacturing facility spans 40,000 square meters of land and boasts an installed capacity of 25,000 TPA (Melting Capacity).
In fiscal years 2021, 2022, and 2023, the company achieved revenue from operations of Rs. 27,125.88 Lacs, Rs. 30,936.90 Lacs, and Rs. 30,292.25 Lacs, respectively.
Objects of the Issue (Mangalam Alloys IPO Objectives)
The company plans to allocate the proceeds from the Issue to fulfill the following objectives:
- Covering working capital needs.
- Funding capital expenditure for business expansion and research and development.
- Addressing general corporate requirements.
- Managing issue-related expenses.
Mangalam Alloys IPO Details
The Mangalam Alloys IPO is a fixed-price offering with a total value of Rs 54.91 crores. This offering comprises 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.
IPO Date | September 21, 2023 to September 25, 2023 |
Listing Date | October 4, 2023 |
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 |
DRHP Draft Prospectus: | Click Here |
Mangalam Alloys IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Mangalam Alloys IPO Lot Size
Investors have the option to bid for a minimum of 1600 shares and in multiples of that amount. The table below illustrates the minimum and maximum investment limits for both retail investors and HNIs in terms of shares and monetary value.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1600 | ₹128,000 |
Retail (Max) | 1 | 1600 | ₹128,000 |
HNI (Min) | 2 | 3,200 | ₹256,000 |
Mangalam Alloys IPO Dates
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 |
Mangalam Alloys Limited Financial Report
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 | – | – |
Mangalam Alloys IPO Contact Details
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/
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 FAQs
What is the Mangalam Alloys IPO?
The Mangalam Alloys IPO is a SME IPO comprising 6,864,000 equity shares with a face value of ₹10 each, aggregating up to ₹54.91 Crores. The issue price per share is ₹80. The minimum order quantity is 1600 Shares. The IPO subscription period is from September 21, 2023, to September 25, 2023.
Skyline Financial Services Private Ltd is the registrar for the IPO.
The shares are intended to be listed on NSE SME.
How can I apply for the Mangalam Alloys IPO through Zerodha?
Zerodha customers can apply for the Mangalam Alloys IPO online using UPI as a payment gateway. To apply through Zerodha, log in to Zerodha Console (back office) and complete the IPO application form.
Here are the steps to apply for the Mangalam Alloys IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Go to the Portfolio section and click on the IPOs link.
3. Locate the ‘Mangalam Alloys IPO’ row and click the ‘Bid’ button.
4. Provide your UPI ID, Quantity of shares, and Price.
5. Submit the IPO application form.
6. Visit your UPI App (net banking or BHIM) to approve the mandate.
When will the Mangalam Alloys IPO open?
The Mangalam Alloys IPO opens on September 21, 2023, and the closing date is September 25, 2023.
What is the lot size for the Mangalam Alloys IPO?
The lot size for the Mangalam Alloys IPO is 1600 Shares, and the minimum investment required is ₹128,000.
How can I apply for the Mangalam Alloys IPO?
You can apply for the Mangalam Alloys IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available in the net banking services of your bank account. UPI IPO application is provided by brokers who do not offer banking services. For more details on how to apply online, you can read about applying for IPOs through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Mangalam Alloys IPO allotment take place?
The finalization of the Basis of Allotment for the Mangalam Alloys IPO is scheduled for Thursday, September 28, 2023. The allotted shares will be credited to your demat account by Tuesday, October 3, 2023. You can check the Mangalam Alloys IPO allotment status.
When is the Mangalam Alloys IPO listing date?
The listing date for the Mangalam Alloys IPO has not been announced yet. The tentative date for the Mangalam Alloys IPO listing is Wednesday, October 4, 2023.