IPO Details

Bidding Dates

21 Sep '23 - 25 Sep '23

Minimum Investment

₹1,28,000 / 1 Lots ( 1600 Shares )

Price Range

₹80

Maximum Investment

₹1,28,000 / 1 Lots ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹54.91 Cr

Investor category and sub category

Retail Individual Investors  |   Non-Institutional Investors  |   Qualified Institutional Buyers (QIB)  |  

Mangalam Alloys IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 21, 2023

IPO Closing Date

Sep 25, 2023

Basis of Allotment

Sep 28, 2023

Initiation of Refunds

Sep 29, 2023

Credit of Shares to Demat

Oct 3, 2023

IPO Listing Date

Oct 4, 2023

UPI Mandatory Expiry Date

Sep 25, 2023

Mangalam Alloys IPO Subscription Details

DateNIIRetailTotal

Day 1Sep 21, 2023

 0.56 1.31 0.93

Day 2Sep 22, 2023

 0.90 3.77 2.34

Mangalam Alloys IPO Subscription Live Status

Investor Category Subscription (Times)
Non-Institutional Buyers 0.90
Retail Investors 3.77
Total 2.34

About Mangalam Alloys Limited

Incorporated on August 1, 1988, Mangalam Alloys Limited manufactures stainless steel products, including round bars, ingots, bright bars, different sections or profiles like hex, square, angle, etc. The company has a unique integrated stainless steel, special steel and higher alloys steel melting and further processing unit. Their manufacturing unit is of about 40,000 square metres with an installed capacity of 25,000 TPA (Tonnes Per Annum).

Mangalam Alloys has been honoured with several certificates, including ISO 9001:2015 and PED certification, and has also received recognition as a Two-Star Export House by DGFT, India. The company has a head office and a factory in Chhatral, GIDC, Gujarat.

Mangalam Alloys Limited IPO IPO Details

Mangalam Alloys Limited IPO Dates

Mangalam Alloys’ IPO will open on September 21, 2023, and close on September 25, 2023. The IPO will be listed on the NSE exchange on October 4, 2023.

Mangalam Alloys Limited IPO Price Band

Mangalam Alloys is a fresh IPO and Offer for Sale worth up to ₹54.91 crore. The issue comprises 68,64,000 equity shares and is priced at ₹80 per share.

Mangalam Alloys Limited IPO Lot Size

Mangalam Alloys’ IPO lot size is 1,600 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹1,28,000.

Mangalam Alloys Limited IPO Objectives

The objectives of Mangalam Alloys Limited's IPO are listed below:

  • To fund the capital expenditure for business expansion, research and development.
  • To fund the working capital requirement of the company.
  • To meet general corporate purposes.
  • To fund the issue-related expenses.

Peer Details

The listed companies in India that are involved in a similar business to that of Mangalam Alloys are Ratnamani Metal & Tubes, Arfin India, Panchmahal Steel and India Steel Works.

How To Check the Mangalam Alloys Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the Mangalam Alloys Limited IPO.

Contact Details of Mangalam Alloys Limited IPO

  • Registered office: Plot No. 3123-3126, GIDC Phase III, Chhatral Dist. Gandhinagar, Gujarat - 382729, India.
  • Phone: +91-2764 232064/232025
  • E-mail: cs@mangalamalloys.com

Mangalam Alloys Company Financials

Particulars Period ending on March 31, 2023 Period ending on March 31, 2022 Period ending on March 31, 2021
Revenue from operations 30,292.25 30,936.90 27,125.88
Profit After Tax 1,013.52 505.08 (653.69)
Net Worth 7,903.11 6,895.35 6,390.37
Earnings Per Share 5.46 2.72 (3.52)
Total Borrowings 15,353.27 16,361.81 16,769.66

Know before investing

Strengths

4

  1. The company's profit after tax grew drastically from ₹-653.69 lakh on March 31, 2021, to ₹1,013.52 lakh on March 31, 2023.

  2. The company has a strong management team with domain knowledge to scale up and expand into new opportunities.

  3. The company focuses highly on quality.

  4. The company has a wide portfolio of products to address the needs of various customers across the industry.

Risks

3

  1. The company is not in an agreement with the raw material suppliers. Any disruption in raw material supplies can adversely impact the company's operation.

  2. As of March 31, 2023, the top 10 suppliers of the company contributed about 71.54% of total purchases. If the suppliers do not deliver the raw materials on time, it can affect the operation of the company.

  3. The company must obey the strict health and safety regulations.

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Mangalam Alloys IPO FAQs

What is Mangalam Alloys Limited's IPO?

The Mangalam Alloys Ltd IPO contains both a fresh IPO and offer for sale worth up to ₹54.91 crore. The issue comprises 68,64,000 equity shares and is priced at ₹80 per share. The IPO will open on September 21, 2023.

When will Mangalam Alloys Limited's IPO be allotted?

The Basis of Allotment will happen on Thursday, September 28, 2023.

When will Mangalam Alloys Limited's IPO open for subscription?

The IPO subscription window will open on Thursday, September 21, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot, which consists of 1,600 shares.

When will Mangalam Alloys Limited list on exchanges?

Mangalam Alloys Ltd IPO will be listed on the NSE exchange on Wednesday, October 4, 2023.

How do I check the allotment status of the Mangalam Alloys Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Mangalam Alloys Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Wednesday, October 4, 2023, for Mangalam Alloys Ltd.

I have finished the application process for the Mangalam Alloys Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Mangalam Alloys Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Mangalam Alloys Limited using one PAN?

You can submit only one application using your PAN card.