The IPO date for Mangalam Alloys has been scheduled. The IPO will begin on September 21 and end on September 25. Mangalam Alloys is an NSE SME IPO that will raise 54.91 crore through the IPO. The IPO price band for Mangalam Alloys is set at 80, with a market lot of 1600 shares.
Mangalam Alloys features a one-of-a-kind integrated stainless steel, special steel and higher alloy steel melting and further processing plant, allowing it to produce up to brilliant bar fasteners. The company is a stainless steel unit that produces SS ingots, round bar, RCS, bright bar, various sections and profiles such as square, hex, angle, patti, and so on, as well as forgings and fasteners. In the fiscal year ending March 31, 2023, the Company will have an integrated stainless steel manufacturing unit covering 40,000 square
metres of land with an installed capacity of 25,000 TPA (Melting Capacity) and a revenue of Rs. 30,292.25 lakh. Mangalam Alloys has exhibited an unshakable dedication to performance and honesty for more than three decades. Over the years, the Company has grown into new companies and new locations, establishing a massive track record of consistent success. Because the company employs over 200 people, they have been given top priority.
As a quality-driven organization, the Company believes in providing a positive work environment for its employees, which results in high-quality products. The Company’s basic values of creativity, intelligence, inspiration, and integrity are critical to its working policy.
The company produces stainless steel ingots in three furnaces by melting stainless steel scrap, rolling ingots into stainless steel rounds and flats, and then annealing them in a heat treatment furnace and brilliant bar unit. In 2004, and 2012, the corporation established the 2nd Furnace, Total Quality Management, and the 3rd Furnace. In 2017 and 2018, we built a 20-inch rolling mill, a 12-inch rolling mill, and a 17-inch rolling mill.
Mangalam Alloys IPO Date & Price Band Details
| IPO Open: | September 21, 2023 |
| IPO Close: | September 25, 2023 |
| IPO Size: | Approx ₹54.91 Crores, 6,864,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹80 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Objects of the Issue:
- Working capital requirements
- Capital Expenditure for business expansion and research and Development;
- General Corporate Purposes
- To meet issue expenses
Mangalam Alloys IPO Review
- To be updated soon
Mangalam Alloys IPO Market Lot
The Mangalam Alloys IPO minimum market lot is 1600 shares with a ₹128,200 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹128,000 |
| Retail Maximum | 1 | 1600 | ₹128,000 |
| S-HNI Minimum | 2 | 3200 | ₹256,000 |
Mangalam Alloys IPO Dates
The Mangalam Alloys IPO date is September 21, and the IPO close date is September 25. The IPO allotment date is September 28 and the IPO might list on October 4.
| IPO Open Date: | September 21, 2023 |
| IPO Close Date: | September 25, 2023 |
| Basis of Allotment: | September 28, 2023 |
| Refunds: | September 29, 2023 |
| Credit to Demat Account: | October 3, 2023 |
| IPO Listing Date: | October 4, 2023 |
Mangalam Alloys IPO Form
How to apply Mangalam Alloys IPO? –> Mangalam Alloys IPO can be applied for via ASBA from your bank account. Simply log in to your online bank account and apply through your bank account by selecting the Mangalam Alloys IPO in the Invest section. You can also apply for Mangalam Alloys IPO by downloading IPO forms from the NSE website.
Mangalam Alloys Company Financial Report
| Year(₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹271.91 | ₹280.97 | ₹6.54 |
| 2022 | ₹309.74 | ₹303.64 | ₹5.05 |
| 2023 | ₹308.18 | ₹295.16 | ₹10.14 |
Mangalam Alloys IPO Valuation – FY2023
Check Mangalam Alloys IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.46 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 13.70% |
| Net Asset Value (NAV): | ₹42.58 per Equity Share |
Peer Group
- Ratnamani Metal & Tubes Ltd
- Arfin India Ltd
- Panchmahal Steel Ltd
- India Steel Works Limited
Mangalam Alloys IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com
Company Address
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
Company Promoters
- Mr. Uttamchand Chandanmal Meht
- Mr. Tushar Uttamchand Mehta
Mangalam Alloys IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Mangalam Alloys IPO FAQs:
Q1. What is Mangalam Alloys IPO?
Ans. Mangalam Alloys IPO is an NSE SME IPO. They are going to raise ₹54.91 Crores via IPO. The issue is priced at ₹80 per equity share. The IPO is to be listed on NSE.
Q2. When Mangalam Alloys IPO will open?
Ans. The IPO is to open on September 21, 2023 for QIB, NII, and Retail Investors.
Q3. What is Mangalam Alloys IPO Investors Portion?
Ans. The investors’ portion for QIB is [.], NII is 50%, and Retail is 50%.
Q4. How to Apply the Mangalam Alloys IPO?
Ans. 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.
Q5. How to Apply the Mangalam Alloys IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Mangalam Alloys”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Mangalam Alloys IPO through Upstox?
Ans. Log in to Upstox 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 Upstox.
Q7. How to Apply the Mangalam Alloys IPO through Paytm Money?
Ans. Log in to Paytm Money 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 Paytm Money.
Q8. What is Mangalam Alloys IPO Size?
Ans. Mangalam Alloys IPO size is ₹54.91 crores.
Q9. What is Mangalam Alloys IPO Price Band?
Ans. Mangalam Alloys IPO Price Band is ₹80 per equity share.
Q10. What is Mangalam Alloys IPO Minimum and Maximum Lot Size?
Ans. The IPO bid is 1600 shares with ₹128,000.
Q11. What is Mangalam Alloys IPO Allotment Date?
Ans. Mangalam Alloys IPO allotment date is September 28, 2023.
Q12. What is Mangalam Alloys IPO Listing Date?
Ans. Mangalam Alloys IPO listing date is October 4, 2023. The IPO to list on NSE SME.
