Mangalam Industrial Finance Rights Issue Dates, Price, Allotment, Entitlement

Mangalam Industrial Finance Rights Issue dates 27 October – 25 November 2025.

Mangalam Industrial Finance (MIFL), established in 1983, operates as a non-deposit-taking, non-banking financial company (NBFC) registered with the RBI, Kolkata. The company specializes in offering a broad spectrum of financial services, primarily focused on investment and trading in shares, securities, mutual funds, and providing various loan products, including corporate loans, personal loans, unsecured business loans for proprietorships, and trade financing.

MIFL is noted for extending financial solutions to customers seeking to purchase electric two-wheelers, facilitating collateral-free business loans with flexible terms tailored for small entrepreneurs. As of September 2025, the company has a market capitalization of approximately INR 193 crore and maintains a nearly debt-free status. Despite recent share price volatility and a low ROE, MIFL continues to operate mainly in Kolkata, West Bengal, with a focus on broadening access to monetary intermediation services and working capital finance.

Promoters of Mangalam Industrial Finance – Sojan Vettukallel Avirachan, Venkata Ramana Revuru, Yatin Sanjay Gupte, Wardwizard Solutions India Private Limited, and Garuda Mart India Private Limited

Mangalam Industrial Finance Rights Issue Details

Mangalam Industrial Finance Rights Issue Date	27 October – 25 November 2025
Mangalam Industrial Finance Rights Issue Price	INR 1 per share
Issue Size (in Shares)	48,08,21,750 shares
Issue Size (in INR)	INR 48.08 crore
Issue Entitlement	1 equity share for every 2 equity shares held on the record date
Terms of Payment	Fully payable at the time of application
Mangalam Industrial Finance Rights Issue Record Date	23 September 2025
Face Value	INR 1 per share
Listing On	BSE

Mangalam Industrial Finance Rights Issue Calculation

Mangalam Industrial Finance Rights Issue Price	INR 1 per share
Market Price on Rights Issue Approval	INR 1.78 per share
Dilution Factor (X)	1.5
Fair Value After Dilution at Prevailing Price	INR 1.52 per share

Mangalam Industrial Finance Financial Performance

	FY 2023	FY 2024	FY 2022
Revenue	1.33	2.61	3.56
Expenses	6.09	2.32	1.49
Operating Margin (%)	(357.89)	11.11	58.15
Net Income	(5.01)	0.19	1.23
ROCE (%)	(15.49)	0.91	6.97

Mangalam Industrial Finance Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

• To augment the capital base and provide for the fund requirements for increasing its operational scale concerning NBFC activities
• General corporate purposes 

Mangalam Industrial Finance Rights Offer Documents

• Mangalam Industrial Finance Rights Issue Application Form
• Mangalam Industrial Finance Letter of Offer
• Board Meeting Outcome
• Mangalam Industrial Finance Draft Letter of Offer
• Rights Issue in 2024

Mangalam Industrial Finance Rights Issue Dates

Rights Issue Approval Date	17 September 2025
Rights Issue Record Date	23 September 2025
Credit of Rights Entitlement	24 October 2025
Rights Issue Opening Date	27 October 2025
Last Date for Market Renunciation	31 October 2025
Rights Issue Closing Date	25 November 2025
Finalization of Basis of Allotment	Coming soon
Rights Allotment Date	Coming soon
Credit Date	Coming soon
Listing Date	Coming soon

Mangalam Industrial Finance Rights Offer Registrar

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra, India
Phone: + 91- 022-4961 4132
Email: [email protected]
Website: www.purvashare.com

Mangalam Industrial Finance Contact Details

MANGALAM INDUSTRIAL FINANCE LIMITED
Hall No.-1, M R Icon, Next to Milestone, Vasna,
Bhayli Road, Vadodara-391410, Gujarat
Phone: +91 7203948909
Email: [email protected]
Website: www.miflindia.com

Mangalam Industrial Finance Rights Offer FAQs