Mangalam Alloys Limited IPO
Mangalam Alloys Limited IPO
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The Initial Public Offering of Mangalam Alloys Limited's culminated in its successful listing on 04-10-2023 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 21-09-2023 to 25-09-2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 27-09-2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
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.
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
NA
Mangalam Alloys IPO Risk Factors
NA
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 FAQs
Mangalam Alloys Limited IPO subscribed 5.62 times. The public issue subscribed 8.73 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 6, 2025 9:52:35 AM (Day 6).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mangalam Alloys IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Mangalam Alloys IPO FAQs
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