Mangalam Worldwide IPO GMP, Review, Price, Allotment

Mangalam Worldwide IPO description – The Company is engaged in manufacturing of Stainless Steel (SS) Billets and rolling of SS Flat Bars with fully integrated infrastructure consisting of steel melting shops, rolling mills and finishing machines. It is also engaged in trading of steel – scrap, ferro alloys, etc. The company manufactures a wide range of stainless steel of 200 series, 300 series (including series 304 and series 316), 400 series – grades in Austenitic, Ferritic, Martensitic and special chemical composition grades steel like 17/4 PH, Duplex and Super duplex Steel.

It has two plants located at Halol (Unit I) and Changodar (Unit II). Unit I having manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets of 200 series, 300 series (including series 304 and series 316), 400 series and out of which 200 series SS Billets is captively consumed in Unit II. Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars.

Mangalam Worldwide’s products are used across industries like food and dairy equipments, utensils, oil and gas, aerospace and medical devices among others. Major customers are spread across states Rajasthan, Gujarat, Maharashtra and Uttar Pradesh. Recently, it has started exporting its products to Brazil.

Promoters of Mangalam Worldwide Limited – Mr Vipin Prakash Mangal, Mr Chanakya Prakash Mangal and Mr Chandragupt Prakash Mangal

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Mangalam Worldwide IPO Details

Subscription Dates	30 June – 4 July 2022
Price Band	INR101 per share
Fresh issue	64,93,200 shares (INR65.6 crore)
Offer For Sale	Nil
Total IPO size	64,93,200 shares (INR65.6 crore)
Minimum bid (lot size)	1,200 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	NSE EMERGE

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Mangalam Worldwide Financial Performance

	FY2021	FY2022
Revenue	303.3	533.5
Expenses	299.8	515.0
Net income	2.7	12.3

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Mangalam Worldwide Offer News

• Mangalam Worldwide RHP
• Mangalam Worldwide Draft Prospectus

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Mangalam Worldwide Offer Valuation (as of FY2022)

Earnings Per Share (EPS): INR9.20
Pre-IPO Price/Earnings (PE ratio): 10.97
Return on Net Worth (RONW): 27.07%
Net Asset Value (NAV): INR25.25 per share

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Mangalam Worldwide IPO GMP Daily Trend

Date	Mangalam Worldwide IPO GMP	Kostak	Subject to Sauda

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Mangalam Worldwide IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	32,46,600	32,46,600	64,93,200
Day 1	0.42	0.05	0.24
Day 2	1.22	0.12	0.67
Day 3	2.09	0.44	1.26

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Mangalam Worldwide Offer Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200 
Email: [email protected]
Website: www.linkintime.co.in

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Mangalam Worldwide IPO Contact Details

Mangalam Worldwide Limited
102, Mangalam Corporate House,
42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura
Ahmedabad – 380009, Gujarat
Phone : +91 79 6161 5000
Email: [email protected]
Website: www.mangalamsaarloh.com

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Mangalam Worldwide IPO Allotment Status

Mangalam Worldwide IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.

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Mangalam Worldwide IPO Timetable

IPO Opening Date	30 June 2022
IPO Closing Date	4 July 2022
Finalisation of Basis of Allotment	7 July 2022
Initiation of refunds	8 July 2022
Transfer of shares to demat accounts	11 July 2022
Listing Date	11 July 2022
Opening Price on NSE SME	INR102 per share (up 0.99% from IPO price)
Closing Price on NSE SME	INR102.55 per share (up 1.53% from IPO price)

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Mangalam Worldwide IPO FAQs