Mangalam Alloys IPO GMP, Review, Price, Allotment

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Last updated on October 4, 2023

Mangalam Alloys IPO GMP

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.

Mangalam Alloys

Promoters of Mangalam Alloys – Mr. Uttamchand Chandanmal Mehta and Mr. Tushar Uttamchand Mehta


Mangalam Alloys IPO Details

Mangalam Alloys IPO Dates21 – 25 September 2023
Mangalam Alloys Issue PriceINR 80 per share
Fresh issue61,26,400 shares (INR 49.01 crores)
Offer For Sale7,37,600 shares (INR 5.90 crores)
Total IPO size68,64,000 shares (INR 54.91 crores)
Minimum bid (lot size)1,600 shares (INR 128,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Mangalam Alloys Financial Performance

 FY 2021FY 2022FY 2023
Revenue271.26309.37302.92
Expenses280.97303.64295.16
Net income(6.54)5.0610.14
Figures in INR crores unless specified otherwise

Mangalam Alloys Offer News


Mangalam Alloys Valuations & Margins

FY 2021FY 2022FY 2023
EPS(3.52)2.725.46
PE ratio14.65
RONW (%)(9.91)7.6013.70
NAV42.58
ROCE (%)3.2713.1320.92
ROE (%)10.237.3212.82
Debt/Equity 2.622.371.94
*Compiled by IPO Central from Prospectus

Mangalam Alloys IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
3 October 20237
2 October 20237
30 September 20231520,000
29 September 20231520,000
28 September 20231520,000
27 September 20231520,000
26 September 20231520,000
25 September 20231823,000
23 September 20231525,000
22 September 20231525,000
21 September 20232030,000

Mangalam Alloys IPO Subscription – Live Updates

CategoryNIIRetailTotal
Shares Offered3,603,2003,260,8006,864,000
25 Sep 20232.278.725.34
22 Sep 20230.903.732.25
21 Sep 20230.501.280.87

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 Date21 September 2023
IPO Closing Date25 September 2023
Finalization of Basis of Allotment27 September 2023
Initiation of refunds29 September 2023
Transfer of shares to demat accounts3 October 2023
IPO Listing Date4 October 2023
Opening Price on NSE SMEINR 80 per share (no change)
Closing Price on NSE SMEINR 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: +91 011 4509 8234
Email: [email protected]
Website: 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: +91 22 2851 1022
Email: [email protected]
Website: 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.

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