Mangalam Global Enterprise Rights Issue is scheduled for 3 – 12 June 2024
Mangalam Global Enterprises is primarily engaged in manufacturing, trading, and importing of edible/non-edible oils and agricultural products. H. Soybean oil, soybean flour, soybean oil cake, mustard oil, mustard powder, mustard oil cake, refined soybean oil, and more, wheat and rice processing. The company also engage in domestic and export trade of agricultural products such as Wheat and Rice.
In August 2021, the company purchased the Vavra plant, which has an installed capacity of 150 tons and 125 tons per day, respectively, to process wheat and rice. This unit is located in Ahmedabad, Gujarat. The factory’s installed capacity is 150 tons per day for wheat processing and 125 tons per day for rice processing.
The company supplies its products to states such as Gujarat, Rajasthan, Delhi, Maharashtra and West Bengal. Mangalam Global Enterprise exports its products to countries such as China, Thailand, France, Belgium, Oman, Netherlands, Maxico, and Turkey. The company is classified as a two-star export housing.
Promoters of Mangalam Global Enterprise – Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal
Table of Contents
Mangalam Global Enterprise Rights Issue Details
| Mangalam Global Enterprise Rights Issue Date | 3 – 12 Jun 2024 |
| Mangalam Global Enterprise Rights Issue Price | INR 20 per share |
| Issue Size (in Shares) | 2,06,00,000 shares |
| Issue Size (in INR) | INR 41.20 crore |
| Issue Entitlement | 1 equity shares for every 7 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Mangalam Global Enterprise Rights Issue Record Date | 24 May 2024 |
| Face Value | INR 2 per share |
| Listing On | NSE |
Mangalam Global Enterprise Rights Issue Calculation
| Mangalam Global Enterprise Rights Issue Price | INR 20 per share |
| Market Price on Rights Issue Approval | INR 22.75 per share |
| Dilution Factor (X) | 1.14 |
| Fair Value After Dilution at Prevailing Price | INR 22.41 per share |
Mangalam Global Enterprise Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 1,278.94 | 1,425.20 | 1,838.80 |
| Expenses | 1,281.42 | 1,413.82 | 1,831.77 |
| Operating Margin (%) | 1.00 | 2.00 | 2.00 |
| Net Income | 3.61 | 12.70 | 20.21 |
| ROCE (%) | 7.00 | 11.00 | – |
Mangalam Global Enterprise Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To Meet Working Capital Requirements – INR 36.30 crore
- General Corporate Purposes – INR 4.20 crore
Mangalam Global Enterprise Rights Offer Documents
- Mangalam Global Enterprise Rights Issue Application Form
- Mangalam Global Enterprise Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Mangalam Global Enterprise Rights Issue Dates
| Rights Issue Approval Date | 18 May 2024 |
| Rights Issue Record Date | 24 May 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 3 June 2024 |
| Last Date for Market Renunciation | 7 June 2024 |
| Rights Issue Closing Date | 12 June 2024 |
| Finalization of Basis of Allotment | 14 June 2024 |
| Rights Allotment Date | 14 June 2024 |
| Credit Date | 17 June 2024 |
| Listing Date | 19 June 2024 |
Mangalam Global Enterprise Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 22 4918 6200
Email: [email protected]
Website:Â www.linkintime.co.in
Mangalam Global Enterprise Issue Contact Details
MANGALAM GLOBAL ENTERPRISE LIMITED
101, Mangalam Corporate House, 42, Shrimali
Society, Netaji Marg, Mithakhali, Navrangpura,
Ahmedabad, Gujarat, India, 380009
Phone:Â +91 79 61615000
Email:Â [email protected]
Website: www.groupmangalam.com
Mangalam Global Enterprise Rights Offer FAQs
What is the Mangalam Global Enterprise Rights Issue Price?
The issue price is INR 20 per share.
What is the Mangalam Global Enterprise Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 7 Equity Shares held on the record date.
What is the Mangalam Global Enterprise Rights Issue Record Date?
The Record date is 24 May 2024.
How to Apply in Mangalam Global Enterprise Rights Offer?
The best way to apply in Mangalam Global Enterprise Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
