Mangalam Industrial Finance Rights Issue dates are not finalized.
Incorporated in 1983, Mangalam Industrial Finance (MIFL) operates as a non-banking finance company registered with the Reserve Bank of India. The company is headquartered in Kolkata, West Bengal, and focuses on various business verticals including financing industrial enterprises, investment in shares and securities, and manufacturing agricultural products. MIFL primarily engages in lending for machinery and real estate, alongside trading in agricultural commodities such as tobacco and cotton
In the financial year ending 31 March 2024, MIFL reported significant improvement in its financial performance compared to the previous year. The interest and other income surged to INR 2.61 crore from INR 1.33 crore in FY 2022-23. Notably, the company turned a profit after tax of INR 0.19 crore, a remarkable recovery from a loss of INR 5 crore the previous year.
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
Table of Contents
Mangalam Industrial Finance Rights Issue Details
| Mangalam Industrial Finance Rights Issue Date | Coming soon |
| Mangalam Industrial Finance Rights Issue Price | Coming soon |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 49.0 crore |
| Issue Entitlement | equity shares for every equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Mangalam Industrial Finance Rights Issue Record Date | Coming soon |
| Face Value | INR 1 per share |
| Listing On | BSE |
Mangalam Industrial Finance Rights Issue Calculation
| Mangalam Industrial Finance Rights Issue Price | INR per share |
| Market Price on Rights Issue Approval | INR per share |
| Dilution Factor (X) | |
| Fair Value After Dilution at Prevailing Price | INR per share |
Mangalam Industrial Finance Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 1.17 | 1.33 | 2.61 |
| Expenses | 1.85 | 6.09 | 2.32 |
| Operating Margin (%) | (58.12) | (357.89) | 11.11 |
| Net Income | 1.33 | (5.01) | 0.19 |
| ROCE (%) | (2.08) | (15.49) | 0.91 |
All Standalone Data
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 purposesÂ
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 | Coming soon |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| 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:Â + 91- 022-4961 4132
Email:Â [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:Â +91 7203948909
Email:Â [email protected]
Website:Â www.miflindia.com
Mangalam Industrial Finance Rights Offer FAQs
What is the Mangalam Industrial Finance Rights Issue Price?
The issue price is INR per share.
What is the Mangalam Industrial Finance Rights Issue entitlement ratio?
The eligible shareholders are offered Equity Shares for every Equity Shares held on the record date.
What is the Mangalam Industrial Finance Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in Mangalam Industrial Finance Rights Offer?
The best way to apply in Mangalam Industrial Finance 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.
