Mangalam Alloys IPO description – Incorporated in 1988, Mangalam Alloys has a unique integrated stainless steel, special steel & higher alloys steel melting, and further processing unit i.e. up to bright bar fasteners. The company is a stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections/ profiles like square, hex, angle, patti, etc., Forging and making fasteners.
The company has having integrated stainless steel manufacturing unit covering 40,000 sq. meters of land with an installed capacity of 25,000 TPA (Melting Capacity) with a turnover of INR 302.92 crore in FY 2023.
The company has two manufacturing units situated at, Chhatral, and detail regarding manufacturing facilities provided by each unit is as below:
- Unit-1: It is 1st Phase of MAL and consists of a melting facility that has a capacity of 25000 MT per annum. It also consists of a Bright Bar (with all sections & angles, Patti) manufacturing facility which has a capacity of 18000 MT per annum. All other types of finishing works for the products are carried out at this unit. Fasteners are also produced at this Unit which has a capacity of 600MT per annum.
- Unit -2: This unit consists 20-inch rolling mill, 12-inch rolling, and 17-inch rolling mill having an overall capacity of 78000 MT per annum. The R&D Centre is also situated in this Unit.
Mangalam Alloy’s profit after tax has grown from INR 6.10 crore in FY 2021-22 to INR 13.01 crore in FY 2022-23.
Promoters of Mangalam Alloys – Mr. Uttamchand Chandanmal Mehta and Mr. Tushar Uttamchand Mehta
Table of Contents
Mangalam Alloys IPO Details
| Mangalam Alloys IPO Dates | 21 – 25 September 2023 |
| Mangalam Alloys Issue Price | INR 80 per share |
| Fresh issue | 61,26,400 shares (INR 49.01 crores) |
| Offer For Sale | 7,37,600 shares (INR 5.90 crores) |
| Total IPO size | 68,64,000 shares (INR 54.91 crores) |
| Minimum bid (lot size) | 1,600 shares (INR 128,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE SME |
Mangalam Alloys Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 271.26 | 309.37 | 302.92 |
| Expenses | 280.97 | 303.64 | 295.16 |
| Net income | (6.54) | 5.06 | 10.14 |
Mangalam Alloys Offer News
- Mangalam Alloys RHP
- Mangalam Alloys Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Mangalam Alloys Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (3.52) | 2.72 | 5.46 |
| PE ratio | – | – | 14.65 |
| RONW (%) | (9.91) | 7.60 | 13.70 |
| NAV | – | – | 42.58 |
| ROCE (%) | 3.27 | 13.13 | 20.92 |
| ROE (%) | 10.23 | 7.32 | 12.82 |
| Debt/Equity | 2.62 | 2.37 | 1.94 |
Mangalam Alloys IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 3 October 2023 | 7 | – | – |
| 2 October 2023 | 7 | – | – |
| 30 September 2023 | 15 | – | 20,000 |
| 29 September 2023 | 15 | – | 20,000 |
| 28 September 2023 | 15 | – | 20,000 |
| 27 September 2023 | 15 | – | 20,000 |
| 26 September 2023 | 15 | – | 20,000 |
| 25 September 2023 | 18 | – | 23,000 |
| 23 September 2023 | 15 | – | 25,000 |
| 22 September 2023 | 15 | – | 25,000 |
| 21 September 2023 | 20 | – | 30,000 |
Mangalam Alloys IPO Subscription – Live Updates
| Category | NII | Retail | Total |
|---|---|---|---|
| Shares Offered | 3,603,200 | 3,260,800 | 6,864,000 |
| 25 Sep 2023 | 2.27 | 8.72 | 5.34 |
| 22 Sep 2023 | 0.90 | 3.73 | 2.25 |
| 21 Sep 2023 | 0.50 | 1.28 | 0.87 |
Mangalam Alloys IPO Allotment Status
Mangalam Alloys IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Mangalam Alloys IPO Dates & Listing Performance
| IPO Opening Date | 21 September 2023 |
| IPO Closing Date | 25 September 2023 |
| Finalization of Basis of Allotment | 27 September 2023 |
| Initiation of refunds | 29 September 2023 |
| Transfer of shares to demat accounts | 3 October 2023 |
| IPO Listing Date | 4 October 2023 |
| Opening Price on NSE SME | INR 80 per share (no change) |
| Closing Price on NSE SME | INR 76 per share (down 5%) |
Mangalam Alloys Offer Lead Manager
EXPERT GLOBAL CONSULTANTS PRIVATE LIMITED
1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110 034
Phone:Â +91 011 4509 8234
Email:Â [email protected]
Website:Â www.expertglobal.in
Mangalam Alloys Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
Mangalam Alloys Contact Details
MANGALAM ALLOYS LIMITED
Plot No. 3123-3126, GIDC Phase III,
Chhatral Dist. Gandhinagar, Gujarat -382729
Phone: +91-2764 232064 / 232025
E-mail: [email protected]
Website: www.mangalamalloys.com
IPO FAQs
What is Mangalam Alloys Issue offer size?
Mangalam Alloys offer size is INR 54.91 crores.
What is the Mangalam Alloys offer price band?
Mangalam Alloys public offer price is INR 80 per share.
What is the lot size of Mangalam Alloys public offer?
Mangalam Alloys offer lot size is 1,600 shares.
What is Mangalam Alloys IPO GMP today?
Mangalam Alloys IPO GMP today is INR 7 per share.
What is Mangalam Alloys kostak rate today?
Mangalam Alloys kostak rate today is INR NA per application.
What is Mangalam Alloys Subject to Sauda rate today?
Mangalam Alloys Subject to Sauda rate today is INR 20,000 per application.
