Mangalam Worldwide IPO GMP, Review, Price, Allotment

Mangalam IPO GMP

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

Mangalam Worldwide IPO Details

Subscription Dates30 June – 4 July 2022
Price BandINR101 per share
Fresh issue64,93,200 shares (INR65.6 crore)
Offer For SaleNil
Total IPO size64,93,200 shares (INR65.6 crore)
Minimum bid (lot size)1,200 shares
Face Value INR10 per share
Retail Allocation50%

Mangalam Worldwide Financial Performance

Net income2.712.3
Figures in INR crore unless specified otherwise

Mangalam Worldwide Offer News

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

Mangalam Worldwide IPO GMP Daily Trend

Date Mangalam Worldwide IPO GMPKostakSubject to Sauda

Mangalam Worldwide IPO Subscription – Live Updates

Shares Offered32,46,60032,46,600 64,93,200
Day 10.420.050.24
Day 32.090.441.26
Subscription figures in number of times, at 5 PM

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]

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]

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.

Mangalam Worldwide IPO Timetable

IPO Opening Date30 June 2022
IPO Closing Date4 July 2022
Finalisation of Basis of Allotment7 July 2022
Initiation of refunds8 July 2022
Transfer of shares to demat accounts11 July 2022
Listing Date11 July 2022
Opening Price on NSE SMEINR102 per share (up 0.99% from IPO price)
Closing Price on NSE SMEINR102.55 per share (up 1.53% from IPO price)

Mangalam Worldwide IPO FAQs

What is Mangalam Worldwide offer size?

Mangalam Worldwide offer size is INR65.6 crore.

What is Mangalam Worldwide IPO Price Band?

Mangalam Worldwide public offer price is INR101 per share.

What is the lot size of Mangalam Worldwide IPO?

Mangalam Worldwide offer lot size is 1,200 shares.

What is Mangalam Worldwide IPO GMP today?

Mangalam Worldwide IPO GMP today is NA per share.

What is Mangalam Worldwide kostak rate today?

Mangalam Worldwide kostak rate today is NA per application.

What is Mangalam Worldwide Subject to Sauda rate today?

Mangalam Worldwide Subject to Sauda rate today is NA per application.


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