Mangalam Global IPO

Mangalam Global IPOMangalam Global IPO description - Mangalam Global is mainly engaged in the business of manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market as well as for exports to international markets. The company has also diversified its business operations into manufacturing of Cotton Bales (Lint Cotton) and Delineate Cotton Seeds. It was engaged in the trading business before starting commercial manufacturing of the abovementioned products in the FY 2018-19. The company has one cotton processing unit at Harij, Gujarat and two well-equipped Castor processing units at Harij and Palanpur, Gujarat respectively for undertaking manufacturing operations of abovementioned two product segments. It is also engaged in the trading of Castor Seeds and Raw Cotton.

Its Castor oil manufacturing facilities are installed with automated machineries having crushing and processing capacity of 450 MT Castor Seeds per day at each facilities. The manufacturing units are equipped with installed capacity of producing 225 MT Castor Refined Oil (F.S.G.) per day and 220 MT Castor De- Oiled Cake per day at each facilities. Both facilities also have solvent capacity of 200 MT.

Its journey in the Cotton Manufacturing Industry started in the year 2018. With gaining an insight of the industry coupled with an available opportunity, the company ventured into manufacturing of Cotton Bales (Lint Cotton) and Delineate Cotton Seeds. The main application of ginned cotton referred to as lint is for spinning operations. The cotton moves through the Spinning machines and is then converted into Cotton yarn. Black cottonseeds are used as feed products for livestock and are also crushed into the Oil mill to extract oil (Cottonseed Oil).

Mangalam Global promoters – Vipin Prakash Mangal, Chanakya Prakash Mangal and Chandragupt Prakash Mangal
Mangalam Global - Upcoming IPO details
Subscription Dates 15 - 20 November 2019
IPO Price band INR51 per share
Fresh issue 4,230,000 shares (INR21.57 crore)
Offer for sale Nil
Total IPO size 4,230,000 shares (INR21.57 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge platform
Use of funds
  • Working Capital Requirements - INR17 crore
  • General Corporate Purpose - INR4.10 crore
  • Issue Expenses - INR0.47 crore
Mangalam Global's standalone financial performance (in INR crore)
FY2017 FY2018 FY2019
Total revenue 2.69 26.90 330.04
Total expenses 2.55 26.56 327.02
Profit after tax 0.09 0.26 2.17
Mangalam Global Contact Detail

Mangalam Global Enterprise Limited 
101, Mangalam Corporate House,
19/B Kalyan Society near M.G. International School,
Mithakhali, Ahmedabad -380006, Gujarat

Phone: +91 79 26442555
Email: [email protected]
Website: www.groupmangalam.com

Mangalam Global IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.52
Day 2 0.83
Day 3 0.88
Day 4 1.22
Mangalam Global Valuation (For FY2019, consolidated)

Earnings Per Share (EPS): INR2.31

Price/Earnings (P/E) ratio: 22.08

Return on Net Worth (RONW): 6.62%

Net Asset Value (NAV): INR29.52 per share

Registrar of Mangalam Global IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Mangalam Global IPO Allotment Status

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

Listing performance of Mangalam Global

IPO Opening Date: 15 November 2019

IPO Closing Date: 20 November 2019

Listing Date: 27 November 2019

Listing Price on NSE SME: INR53 per share (up 3.92% from IPO price)

Closing Price on NSE SME: INR51.55 per share (up 1.08% from IPO price)

2 thoughts on “Mangalam Global IPO

  • November 15, 2019 at 8:15 PM
    Permalink

    In a reply to my query regarding buy/ sell SME NSE stocks, you have replied that they can be traded in NSE platform, in predefined lots. But what is predefined lot?. for example in Mangalam IPO, the minimum lot for IPO is 2000 shares. Now tell what is predefined lot for trading in NSE?

    Reply
  • November 15, 2019 at 9:32 AM
    Permalink

    What is the difference in trading platforms of NSE and NSE SME ? Can I trade with this Mangalam Global shares in NSE like any other shares?

    Reply

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