Mangalam Alloys Limited is having an unique integrated stainless steel, special steel & higher alloys steel melting and further processing unit i.e. up to bright bar fasteners.
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.
The company is awarded by various certificates and ISO 9001:2015 and PED certificate also recognized with Two Star Export House by DGFT, India.
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 has got recognisation of in-house R & D Centre approved by DSIR, Govt of India.
Mangalam Alloys IPO – Details
| IPO Opening Date | 21 September 2023 |
| IPO Closing Date | 25 September 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 68,64,000 Shares Worth ₹54.91 Crore Fresh Issue: 61,26,400 Shares Worth ₹49.01 Crore Offer For Sale: 7,37,600 Shares Worth ₹5.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Mangalam Alloys IPO – Date Schedule
| IPO Open Date | 21 September 2023 |
| IPO Close Date | 25 September 2023 |
| Basis of Allotment | 27 September 2023 |
| Initiation of Refund | 03 October 2023 |
| Credit of Shares to Demat Account | 03 October 2023 |
| IPO Listing Date | 04 October 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 25, 2023 |
Mangalam Alloys IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | 1,28,000 |
| Retail (Maximum) | 1 | 1600 | 1,28,000 |
| HNI (Minimum) | 2 | 3200 | 2,56,000 |
Competitive Strengths
- Experienced promoters.
- Seasoned management team having domain knowledge to scale up and expand into new opportunities.
- Wide portfolio of products addressing the needs of varied customers across the industry.
- State of art manufacturing capability.
- Consistent focus on quality.
Company Promoters
- Mr. Uttamchand Chandanmal Mehta
- Mr. Tushar Uttamchand Mehta
Object Of The Issue
- Working Capital requirement;
- Capital Expenditure for business expansion and research and Development;
- General Corporate Purposes.
- Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 271.91 | 280.97 | -6.54 | 167.68 |
| 31 March 2022 | 309.74 | 303.64 | 5.05 | 163.62 |
| 31 March 2023 | 308.18 | 295.16 | 10.13 | 153.53 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 14.65 |
| Market Cap (₹ Cr.) | 197.49 |
| ROE | 12.82 |
| ROCE | 20.92 |
| Debt/Equity | 1.94 |
| EPS (Rs) | 5.46 |
| RoNW | 13.70 |
Mangalam Alloys IPO Promoter Holding
| Pre Issue Share Holding | 81.17% |
| Post Issue Share Holding | 59.74% |
Mangalam Alloys IPO Prospectus
Company Contact Information
| 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 Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
Mangalam Alloys IPO FAQs
| What is Mangalam Alloys IPO? Mangalam Alloys IPO is a SME IPO. The issue is priced at ₹80 per equity share. The IPO is to be listed on NSE SME. |
| When Mangalam Alloys IPO will open? The IPO is to open on 21 September 2023 for Other – 50% and Retail – 50% Investors. |
| How to Mangalam Alloys IPO? You can apply Mangalam Alloys IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Mangalam Alloys IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Mangalam Alloys”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Mangalam Alloys IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Mangalam Alloys”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Mangalam Alloys IPO Size? Mangalam Alloys IPO size is ₹54.91 crores. |
| What is Mangalam Alloys IPO Price Band? Mangalam Alloys IPO Price Band is ₹80. |
| What is Mangalam Alloys IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,28,000 amount while the maximum bid is 1600 shares with ₹1,28,000 . |
| What is the Mangalam Alloys IPO Allotment Date? Mangalam Alloys IPO allotment date is 27 September 2023. |
| What is the Mangalam Alloys IPO Listing Date? Mangalam Alloys IPO listing date is 04 October 2023. The IPO is to list on NSE SME. |
