Mangalam Alloys has a novel built-in stainless-steel, particular metal & upper alloys metal melting, and additional processing unit i.e. as much as shiny bar fasteners. The Company is a stainless-steel unit production SS Ingots, Round Bar, RCS, Bright bar, other sections/ profiles like sq., hex, attitude, patti, and many others., Forging and making fasteners. The Company has having built-in stainless-steel production unit protecting 40,000 sq. meters of land with an put in capability of 25,000 TPA (Melting Capacity) with a turnover of Rs. 30,292.25 Lakhs within the monetary yr finishing on 31 March 2023. Having located in Ahmedabad, Gujarat, the fastest-growing town in India and the 3rd on this planet, the positioning of the Company is among the number one elements of its enlargement.
For greater than 3 a long time, Mangalam Alloys has demonstrated an unwavering dedication to efficiency in conjunction with integrity. In years, the Company has expanded into new companies and new areas construction a colossal document of sustained enlargement. As just about 200 manpower are running within the Company, Their Company has given best precedence to them. Having been high quality quality-driven group, the Company believes in keeping up the precise setting for his or her staff leading to fine quality merchandise. The vital issue for the Company‘s running coverage is its core worth of innovation, intelligence, inspiration, and integrity.
The corporate manufactures stainless-steel ingots via 3 furnaces via melting stainless-steel scrap, and rolling ingots to stainless-steel rounds & residences adopted via a warmth remedy annealing furnace and a shiny bar unit. The corporate established 2d Furnace, Total Quality Management, and third Furance within the years 2004 and 2012 respectively. We have established a 20-inch rolling mill, 12-inch rolling mill, and 17-inch rolling Mill within the years 2017 and 2018 respectively.
Objects of the Issue:
- Working capital necessities
- Capital Expenditure for industry growth and analysis and Development;
- General Corporate Purposes
- To meet factor bills
Mangalam Alloys IPO Review
Mangalam Alloys IPO Date & Price Band Details
IPO Open: | September 21, 2023 |
IPO Close: | September 25, 2023 |
IPO Size: | Approx ₹54.91 Crores, 6,864,000 Equity Shares |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹80 Per Equity Share |
IPO Listing on: | NSE SME |
Retail Quota: | 50% of the online be offering |
QIB Quota: | [.]% of the online be offering |
NII Quota: | 50% of the online be offering |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors in IPO: | Click Here |
Mangalam Alloys IPO Market Lot
The Mangalam Alloys IPO minimal marketplace lot is 1600 stocks with a ₹128,200 utility quantity.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1600 | ₹128,000 |
Retail Maximum | 1 | 1600 | ₹128,000 |
S-HNI Minimum | 2 | 3200 | ₹256,000 |
Mangalam Alloys IPO Dates
The Mangalam Alloys IPO date is September 21 and the IPO shut date is September 25. The IPO allotment date is September 28 and the IPO would possibly listing on October 4.
IPO Open Date: | September 21, 2023 |
IPO Close Date: | September 25, 2023 |
Basis of Allotment: | September 28, 2023 |
Refunds: | September 29, 2023 |
Credit to Demat Account: | October 3, 2023 |
IPO Listing Date: | October 4, 2023 |
You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.
Mangalam Alloys IPO Form
How to use Mangalam Alloys IPO? You can observe Mangalam Alloys IPO by the use of ASBA to be had to your checking account. Just move to the web financial institution login and observe by the use of your checking account via deciding on the Mangalam Alloys IPO within the Invest phase. The different possibility you’ll observe Mangalam Alloys IPO by the use of IPO bureaucracy obtain by the use of the NSE site. Check out the Mangalam Alloys bureaucracy – click on NSE IPO Forms obtain, fill and publish to your financial institution or along with your dealer.
Mangalam Alloys Company Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹271.91 | ₹280.97 | –₹6.54 |
2022 | ₹309.74 | ₹303.64 | ₹5.05 |
2023 | ₹308.18 | ₹295.16 | ₹10.14 |
Mangalam Alloys IPO Valuation – FY2023
Check Mangalam Alloys IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.
Earning Per Share (EPS): | ₹5.46 in step with Equity Share |
Price/Earning P/E Ratio: | NA |
Return on Net Worth (RoNW): | 13.70% |
Net Asset Value (NAV): | ₹42.58 in step with Equity Share |
Peer Group
- Ratnamani Metal & Tubes Ltd
- Arfin India Ltd
- Panchmahal Steel Ltd
- India Steel Works Limited
- Mr. Uttamchand Chandanmal Meht
- Mr. Tushar Uttamchand Mehta
Mangalam Alloys IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
Mangalam Alloys IPO Allotment Status
Check Mangalam Alloys IPO allotment standing on Skyline Financial site URL. Click Here
Mangalam Alloys IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
Mangalam Alloys Limited
Plot No. 3123-3126,
GIDC Phase III,
Chhatral Dist. Gandhinagar – 382729
Phone: +91-2764 232064
Email: [email protected]
Website: https://www.mangalamalloys.com/
Mangalam Alloys IPO FAQs
What is Mangalam Alloys IPO?
Mangalam Alloys IPO is an NSE SME IPO. They are going to elevate ₹54.91 Crores by the use of IPO. The factor is priced at ₹80 in step with fairness percentage. The IPO is to be indexed on NSE.
When Mangalam Alloys IPO will open?
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What is Mangalam Alloys IPO Price Band?
Mangalam Alloys IPO Price Band is ₹80 in step with fairness percentage.
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What is Mangalam Alloys IPO Listing Date?
Note: The Mangalam Alloys IPO main points are introduced formally. The IPO gray marketplace top class (Mangalam Alloys IPO Premium) is up to date at the respective web page. You can take a look at our IPO gray marketplace web page for day-to-day updates.)
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– Source : IPOWATCH