Mangalam Alloys Limited IPO (Mangalam Alloys IPO)

Mangalam Alloys Limited IPO
Upcoming Mangalam Alloys IPO | New Mangalam Alloys IPO

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

Mangalam Alloys IPO – Details

IPO Opening Date21 September 2023
IPO Closing Date25 September 2023
Issue TypeFixed Price Issue IPO
Issue Size68,64,000 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
Other Shares Offered50%
Retail Shares Offered50%

Mangalam Alloys IPO – Date Schedule

IPO Open Date21 September 2023
IPO Close Date25 September 2023
Basis of Allotment27 September 2023
Initiation of Refund03 October 2023
Credit of Shares to Demat Account03 October 2023
IPO Listing Date04 October 2023
Cut-off time for UPI mandate confirmation5 PM on Sep 25, 2023

Mangalam Alloys IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)116001,28,000
Retail (Maximum)116001,28,000
HNI (Minimum)232002,56,000

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.
Mangalam Alloys IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021271.91280.97-6.54167.68
31 March 2022309.74303.645.05163.62
31 March 2023308.18295.1610.13153.53
Amount in ₹ Crore

Key Performance Indicator

P/E (x)14.65
Market Cap (₹ Cr.)197.49
EPS (Rs)5.46

Mangalam Alloys IPO Promoter Holding

Pre Issue Share Holding81.17%
Post Issue Share Holding59.74%

Mangalam Alloys IPO Prospectus

Company Contact Information

Mangalam Alloys Limited

Plot No. 3123-3126,
Chhatral Dist. Gandhinagar – 382729

Phone: +91-2764 232064

Mangalam Alloys IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022

Mangalam Alloys IPO Lead Manager(s)

1. Expert Global Consultants Private Limited

Mangalam Alloys IPO FAQs

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.
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