Mangalam Alloys Limited

Offer PeriodSep 21, 2023 – Sep 25, 2023

Sep 21, 2023 – Sep 25, 2023

NSE - SMEListed

Listed Price:

₹33.55

(-58.06%)

Price Band₹80 - ₹80

Lot Size1,600 Shares

Allotment DateSep 27, 2023

Listing DateOct 04, 2023

Subscription5.62 Times

Issue Size₹54.91 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0
(0.00%)

Premium (ELP)

The Initial Public Offering of Mangalam Alloys Limited's culminated in its successful listing on Oct 04, 2023 at the NSE trading platform. The company secured 68,64,000 Shares through this capital market exercise, with 61,26,400 Shares allocated to new capital formation and ₹5.90 Cr to existing shareholder liquidity.

Investors participated within the price parameters of ₹80 to ₹80, with minimum investment requirements of 1600 shares. The subscription period from Sep 21, 2023 to Sep 25, 2023 witnessed active investor engagement across categories.

Following the subscription closure, share allotment was processed on Sep 27, 2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.

Mangalam Alloys IPO Details

IPO Date

Sep 21, 2023 to Sep 25, 2023

Allotment Date

Sep 27, 2023

List Date

Oct 04, 2023

Lot Size

1,600 share

Issue Price

₹80 - ₹80

Issue Size

68,64,000 (aggregating up to 54.91 Cr)

Fresh Issue

61,26,400 (aggregating up to 49.01 Cr)

Offer For Sale

7,37,600 (aggregating up to 5.90 Cr)

Listing At

NSE

Share Holding Pre-Issue

1,85,59,527

Share Holding Post-Issue

2,46,85,927

Market Marker Portion

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	1600	1,28,000
HNI	2	3200	2,56,000

IPO Reservation

Shares68,64,000

Market Maker

5.01%(3,44,000)

NII (HNI)

47.48%(32,59,200)

RETAIL

47.51%(32,60,800)

Total

100.00%(68,64,000)

Mangalam Alloys IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	5.46
ROE	12.82
ROCE	20.92
RONW	13.70
PRE IPO(PE)	14.65
POST IPO(PE)	19.46

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (In Lakhs)

Period Ended	Mar 2021	Mar 2022

Period Ended	Mar 2021	Mar 2022
Assets	33,721.88	32,184.54
Revenue	30,195.92	31,127.95
Net Worth	0	0
profit After Tax	-680.54	-1.54
Reserves And Surpluse	4,449.24	4,603.81
Total Borrowing	0	0

Mangalam Alloys IPO About Company

Incorporated in 1988, Mangalam Alloys Limited is a stainless-steel manufacturer producing SS ingots and various finished products like SS black bars, bright round/hex/square bars, angles, pattis, forgings, and fasteners in over 30 international grades, ranging from 3 mm to 400 mm. The company recycles stainless steel scrap, melts it using three furnaces, and converts it into rounds and flats through rolling, annealing, and bright bar processing. Its manufacturing unit spreads across 40,000 sq. meters with a 25,000 TPA melting capacity, and the company reported revenues of ₹30,292.25 lakhs in FY23, ₹30,936.90 lakhs in FY22, and ₹27,125.88 lakhs in FY21.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Mangalam Alloys IPO Strength Factors

⚠️Mangalam Alloys IPO Risk Factors

🏦Mangalam Alloys IPO Lead Manager(s)

Expert Global Consultants Private Limited

👤Mangalam Alloys IPO Promoter(s)

Mr. Uttamchand Chandanmal Mehta
Mr. Tushar Uttamchand Mehta

🏢Mangalam Alloys IPO Company Details

Mangalam Alloys Limited

Email:cs@mangalamalloys.com

Phone:+91-2764 232064

Website:https://www.mangalamalloys.com/

address:Plot No. 3123-3126, GIDC Phase III, Chhatral Dist. Gandhinagar - 382729

📋Mangalam Alloys IPO Registrar

Skyline Financial Services Private Limited

Name:Skyline Financial Services Private Limited

Phone:02228511022

Email:ipo@skylinerta.com

Website:https://www.skylinerta.com/ipo.php

❓Mangalam Alloys IPO FAQs

Mangalam Alloys IPO is a main-board IPO of 61,26,400 equity shares of the face value of ₹10 per share aggregating up to ₹5.90 crore shares. The issue is priced at ₹80 - ₹80 per share. The minimum order quantity is .The IPO opens on Sep 21, 2023, and closes on Sep 25, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in Mangalam Alloys IPO using UPI as a payment gateway. Zerodha customers can apply in Mangalam Alloys IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Mangalam Alloys IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Mangalam Alloys IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Mangalam Alloys IPO opens on Sep 21, 2023 and closes on Sep 25, 2023.

You can apply in Mangalam Alloys IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Mangalam Alloys IPO will be done on Sep 27, 2023, and the allotted shares will be credited to your demat account by Sep 27, 2023

Mangalam Alloys IPO's listing date is Oct 04, 2023.

Mangalam Alloys Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹0(0.00%)

Premium (ELP)

₹0
(0.00%)