The Mangalam Industrial Finance date has been confirmed from February 12, 2024 – February 26, 2024. Read the post to learn about Mangalam Industrial Rights Issue.
Mangalam Industrial Finance has a set price of ₹48.94 crores. Established in 1983, Mangalam Industrial Limited (MIFL) is a non-banking monetary organisation (NBFC) that provides economic answers and offers many services. It’s registered with the RBI in Kolkata.
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Key Details Of Mangalam Industrial Finance Rights Issue:
Bidding Dates
Feb 12-26
Issue Size
₹48.94 Crores
Face Value
₹1 per share
Record Date
January 29, 2024
Mangalam Industrial Finance Record Date
The Mangalam Industrial Finance Record Date is January 29, 2024.
Overview
Established in 1983, Mangalam Industrial Limited (MIFL) is a non-banking monetary enterprise (NBFC) that provides financial offerings and answers. It is registered in Kolkata with the RBI. MIFL earns money through commissions, costs, and interest on loans for sheds, machinery, and land. As of December 31, 2023, the firm hired twelve people, consisting of administrators.
Mangalam Industrial Finance Rights Issue Detail
Issue Open | February 12, 2024 – February 26, 2024 |
Security Name | Mangalam Industrial Finance Ltd |
Issue Size (Shares) | 123,892,721 |
Issue Size (Amount) | ₹48.94 Crores |
Issue Price | ₹3.95 per share |
Face Value | ₹1 per share |
Listing At | BSE |
Terms of Payment | Issue Price of Rs.3.95 is payable on Application. |
Entitlement | 21 Rights Equity Share(s) for every 163 fully paid-up Equity Shares held on Record Date |
Mangalam Industrial Finance Ltd Financial Information
Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 28.66 | 34.71 | 32.30 |
Revenue | 1.33 | 1.17 | 2.05 |
Profit After Tax | -5.01 | 1.34 | 0.67 |
Net Worth | 28.34 | 33.39 | 32.05 |
Amount in ₹ Crore |
Mangalam Industrial Finance Timeline
Last Date to buy shares | January 25, 2024 |
Record Date | January 29, 2024 |
Credit of Rights Entitlements | |
Bid/Offer Opens On | February 12, 2024 |
Renunciation of Rights Entitlements | February 20, 2024 |
Bid/Offer Closes On | February 26, 2024 |
Deemed Date of Allotment | March 6, 2024 |
Credit Date | March 11, 2024 |
Listing Date | March 13, 2024 |
Company Profile
Objects of the Issue:
The firm plans to use the Net Proceeds to support the following Objects:
- To increase the capital base and meet the financial needs for expanding the NBFC’s operational scope and
- Common corporate purposes.
Registrar Info
Name | Purva Sharegistry India Pvt Ltd |
Phone number | +91-022-23018261/ 23016761 |
Email ID | [email protected] |
Website | purvashare.com |
Contact Details
Name | Mangalam Industrial Finance Ltd |
Phone number | +91 7203948909 |
Email ID | [email protected] |
Website | miflindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- We must adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Mangalam Industrial FAQs
What is the issue price for Mangalam Industrial Finance Rights Issue 2024?
Mangalam Industrial Finance Rights Issue 2024 price is set at ₹3.95 per share per equity share.
In what ratio is the Mangalam Industrial Finance Rights Issue 2024 offered?
The eligible shareholders are being offered 21 Rights Equity Share(s) for every 163 fully paid-up Equity Shares held on Record Date (January 29, 2024).
What is the record date for Mangalam Industrial Finance Rights Issue 2024?
The record date for the Mangalam Industrial Finance Rights Issue 2024 is January 29, 2024.
What is the issue size of Mangalam Industrial Finance Rights Issue 2024?
The issue size of Mangalam Industrial Finance Rights Issue 2024 is of 123,892,721 equity shares at ₹3.95 per share aggregating upto ₹48.94 Crores.
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