Mangalam Alloys Ltd

Steel

Offer Period :

21st to 9th Sep 2023

Established in 1988, Mangalam Alloys Ltd is a stainless-steel product manufacturer with a diverse range, including SS Ingots, Black Bar, RCS, and more. Operating on a 40,000 sq. meters unit, it has a melting capacity of 25,000 TPA. Read more... Fiscal revenues were Rs. 30,292.25 Lacs, Rs. 30,936.90 Lacs, and Rs. 27,125.88 Lacs in 2023, 2022, and 2021.Read less

Mangalam Alloys Ltd IPO Details

IPO Date 21st to 9th Sep 2023 Minimum Investment ₹128000 / 1 Lots
Listing Date 2023-10-04 Maximum Investment ₹128000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹54.91 Crores
Price ₹80 to ₹80 per share Fresh Issue ₹49.01 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 5.9
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 21st to 9th Sep 2023
Listing Date 2023-10-04
Face Value ₹10 per share
Price ₹80 to ₹80 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹128000 / 1 Lots
Maximum Investment ₹128000 / 1 Lots
Total Issue Size ₹54.91 Crores
Fresh Issue ₹49.01 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

21st Sep

IPO Starts

25th Sep

IPO Ends

29th Sep

Allotment Date

30th Sep

Initiation of Refund

3rd Oct

Credit of Shares to Demat Account

4th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 70.65 53.12
Public Group 29.35 46.88

Mangalam Alloys Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 3259200(47.48%)
Retail Shares Offered 3260800(47.51%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 6864000
Total Shares With Anchor Investor 6864000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Mangalam Alloys Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91 22 2851 1022;
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Mangalam Alloys Ltd IPO Lead Manager

1. Expert Global Consultants Pvt Ltd

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Mangalam Alloys Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Mangalam Alloys Ltd

1. Experienced promoters.

2. Seasoned management team having domain knowledge to scale up and expand into new opportunities.

3. Wide portfolio of products addressing the needs of varied customers across the industry.

4. State of art manufacturing capability.

5. Consistent focus on quality.

Risks Involved

1. The company business involves usage of manpower and any unavailability of its employees or shortage of contract labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing contractual labour may have an adverse impact on its cash flows and results of operations.

2. Any failure to maintain quality control systems for its goods could have a material adverse effect on the company business, reputation, results of operations and financial condition.

3. The shortage or non-availability of power facilities may adversely affect its manufacturing process and have an adverse impact on the company results of operations and financial condition.

4. Any significant decline in the demand for its products or introduction of alternative technology or consumer habits may adversely affect its profitability and business prospects.

5. The rate of interest for the loans obtained by it from the bank is variable and any increase in interest rates may adversely affect its results of operations and financial condition.

6. Volatility in the demand and pricing of stainless steel industry is sensitive to the nature of the Industries it serves. Any decrease in steel prices may have an adverse effect on its business, financial condition and results of operations.

7. The company do not generally enter into agreements with its raw material suppliers or traded goods suppliers. Any disruption in supplies from them may adversely affect its production process.

8. The company are dependent upon few suppliers for its raw material for the company current manufacturing facilities. In an eventuality where its suppliers are unable to deliver the company the required materials in a time-bound manner it may have a material adverse effect on its business operations and profitability.

9. The company manufacturing operations are critical to its business and any shutdown of the company manufacturing facilities may have an adverse effect on its business, results of operations and financial condition.

10. Underutilization of capacity of its additional manufacturing facility may adversely affect the company business, results of operations and financial condition.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2022 2021
Total Assets 321.85 337.22
Total Liabilities 321.85 337.22
Total Expenses 310.25 311.12
Total Revenue 
311.28 301.96
Profit After Tax 1.55 -6.81
EBITDA 24.72 13.22
Adjusted EBITDA 0 0

Mangalam Alloys Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-10-04 37158 MAL
INE00C401011
₹80 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹80 ₹80
Open ₹0 ₹80
Low ₹0 ₹76
High ₹0 ₹80
Low ₹0 ₹76

Frequently Asked Questions

What is Mangalam Alloys Ltd IPO?

Answer Field

Mangalam Alloys Ltd IPO is a SME IPO of 68,64,000 equity shares of a face value of ₹10 aggregating up to ₹54.91 Crores. The issue is priced at ₹80 to ₹80 per share. The minimum order quantity is 1600 Shares. The IPO opens on September 21, 2023, and closes on September 25, 2023. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Mangalam Alloys Ltd IPO will open?

Answer Field

The Mangalam Alloys Ltd IPO opens on September 21, 2023 and closes on September 25, 2023.

What is the lot size of Mangalam Alloys Ltd?

Answer Field

Mangalam Alloys Ltd lot size is 1600 shares, and the minimum amount required is ₹1,28,000.

How to apply for Mangalam Alloys Ltd IPO?

Answer Field

You can apply in Mangalam Alloys Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Mangalam Alloys Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Mangalam Alloys Ltd IPO will be done on September 29, 2023, and the allotted shares will be credited to your demat account by October 03, 2023.

When is Mangalam Alloys Ltd IPO listing date?

Answer Field

The Mangalam Alloys Ltd listing date is October 04, 2023.

Who is the registrar of Mangalam Alloys Ltd IPO?

Answer Field

The registrar of Mangalam Alloys Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Expert Global Consultants Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Mangalam Alloys Ltd IPO?

Answer Field

The fresh issue size is ₹49.01 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Mangalam Alloys Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,28,000 amount.

How can I approve the UPI mandate request for Mangalam Alloys Ltd IPO?

Answer Field

To apply for Mangalam Alloys Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Mangalam Alloys Ltd?

Answer Field

The price of each Mangalam Alloys Ltd share will be ranging in between ₹80 to ₹80 per share.

What is the cut-off time for the UPI mandate for Mangalam Alloys Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 25, 2023.

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