Mangalam Alloys IPO will be Open on 21 September 2023 and closes on 25 September 2023. The company has fixed the price of this IPO at ₹80 according to the face value of ₹10. The company will raise ₹54.91 Crores through this IPO under the 68,64,000 Equity Shares public issue, and the offer is 100% Fixed Price Issue. The company reserve quota in this IPO 50% for NII and 50% Retail Investor. You can check Mangalam Alloys IPO GMP here.
Mangalam Alloys Limited is a manufacturer unique integrated stainless steel products. The company manufactures stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections/ profiles like square, hex, angle, patti, etc, Forging and making fasteners more than 30 international grades and in the size range from 3 mm to 400 mm.
The company manufactures stainless steel ingots through three furnaces by melting of stainless steel scrap, rolling of ingots to stainless steel rounds & flats followed by heat treatment annealing furnace and bright bar unit.
The Company manufactures integrated stainless steel manufacturing unit covering 40,000 sq. meters land with an installed capacity of 25,000 TPA with a turnover of Rs. 30,292.25 Lakhs in the financial year ending on 31 March 2023. The company has developed new grades like AISI 316Ti, AISI 321, AISI347, AISI446, AISI 440C, D3, Inconel 800 and Inconel 825 etc. You can check Mangalam Alloys IPO subscription status here.
Objects Of The Issue :
- Working capital requirement.
- Capital Expenditure for business expansion and research and Development
- General Corporate Purposes
- To meet issue expenses.
Company Strengths :
- Experienced promoters, Management Expertise and Skilled Workforce
- Zero Waste Philosophy
- Eligible for MAKE IN INDIA
- Well developed distribution and marketing network
- Team of professional and skilled staff
- Quality Assurance and Control
- Integrated manufacturing facility
| Read also: Upcoming IPO List 2023 |
Mangalam Alloys IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹10.14 Cr ₹80 Per Shares 5.46 14.65x 12.82 % 13.70 % 20.92 % 1.94 ₹42.58 ₹332.02 Cr ₹197.49 Cr 81.17 % 59.74 % |
| Team Review : | ✔ Apply For Long Term |
Mangalam Alloys IPO GMP Live:
Mangalam Alloys IPO GMP Or Grey Market Premium available here. The SME IPO GMP Premium updated Day By Day IPOs Running Period and the GMP Rates are Fluctuate and stable some times later. (GMP rates are Not 100% Guaranteed)
| Date | GMP | Subject Rate |
| 21 Sep 2023 | ₹24-₹25 | ₹30400 |
| 20 Sep 2023 | ₹0-₹0 | ₹0 |
| 19 Sep 2023 | ₹0-₹0 | ₹0 |
| 18 Sep 2023 | ₹0-₹0 | ₹0 |
Mangalam Alloys IPO Date & Price Band & Details :
| Issue Offer : | Fixed Price Issue |
| IPO Open : | 21 September 2023 |
| IPO Close : | 25 September 2023 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹80 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹54.91 Cr {6,864,000 Shares} |
| Fresh Issue : | ₹49.01 Cr {6,126,400 Shares} |
| Offer for Sale : | ₹5.90 Cr {737,600 Shares} |
Mangalam Alloys IPO Market Lot :
Mangalam Alloys IPO Minimum Market lot is 1 Lot with 1600 shares with ₹128,000 Application amount. The retail investors can apply up to 1 lots with 1600 Shares or ₹128,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1600 | ₹128,000 |
| Retail (Max) : | 1 | 1600 | ₹128,000 |
| S-HNI (Min) : | 2 | 3200 | ₹256,000 |
Mangalam Alloys IPO Shares Offer :
A Total of 6,864,000 shares are to be bid for the public issue by Mangalam Alloys IPO with 6,126,400 for Fresh issue and 737,600 for offer for sale.
| Category | Shares Offer | Amount |
| Fresh issue : | 6,126,400 | ₹49.01 Cr |
| Offer For Sale : | 737,600 | ₹5.90 Cr |
| Total : | 6,864,000 | ₹54.91 Cr |
Mangalam Alloys IPO Net Reservation :
Mangalam Alloys IPO Net Reservation of 6,864,000 shares are to be bid for the public issue by Mangalam Alloys IPO with 32,60,800 for NII 32,59,200 For RII.
| Category | Reservation | Shares | Amount |
| NII : | 50% | 32,60,800 | ₹26.09 Cr |
| RII : | 50% | 32,59,200 | ₹26.07 Cr |
| MMRP : | – % | 3,44,000 | ₹2.75 Cr |
| Total : | 100% | 68,64,000 | ₹54.91 Cr |
Mangalam Alloys IPO EPS & RoNW :
The Mangalam Alloys company’s EPS & RoNW growth is an Increasing last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹5.46 | 13.70% | ₹42.58 |
| 2022 | ₹2.72 | 7.60% | ₹37.15 |
| 2021 | ₹-3.52 | – 9.91% | ₹34.43 |
Mangalam Alloys IPO Peer Comparison PE :
The Mangalam Alloys, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Ratnamani Metal & Tubes Ltd | 31.60 |
| 2. | Arfin India Ltd | 48.90 |
| 3. | Panchmahal Steel Ltd | 180.60 |
| 4. | India Steel Works Limited | -1.20 |
Mangalam Alloys IPO Dates :
Mangalam Alloys IPO Date is 21 September 2023 and closes on 25 September 2023. The allotment will be finalized on 28 September 2023 and the IPO may list on 04 October 2023.
| Issue Open Date : | 21 September 2023 |
| Issue Close Date : | 25 September 2023 |
| Allotment Date : | 28 September 2023 |
| Refund Date : | 29 September 2023 |
| Share Credit Date : | 03 October 2023 |
| Listing Date : | 04 October 2023 |
Mangalam Alloys IPO Form :
There are two ways to apply in Mangalam Alloys IPO. You can apply for Mangalam Alloys IPO through ASBA available in your bank account. You have to go to your online bank login and select Mangalam Alloys IPO in the Invest section and apply through your bank account. Another option is you can apply Mangalam Alloys IPO through IPO form download through NSE and BSE. See the Mangalam Alloys IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Mangalam Alloys Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹308.18 | ₹295.16 | ₹10.14 |
| 2022 | ₹309.74 | ₹303.64 | ₹5.05 |
| 2021 | ₹271.91 | ₹280.96 | ₹-6.54 |
Company Promoters :
■ Mr. Uttamchand Chandanmal Mehta
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Mangalam Alloys IPO Lead Managers :
■ Expert Global Consultants Private Limited
Mangalam Alloys IPO Registrar :
Skyline Financial Services Private Limited
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East,
Mumbai – 400 072, Maharashtra, India
Telephone: +91 22 2851 102
Facsimile: +91 22 2851 1022
Email: [email protected]
Investor Grievance Email: [email protected]
Website: https://www.skylinerta.com/
Note: Check Mangalam Alloys IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
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 SME IPO. They are going to raise ₹54.91 Crores via IPO. The issue is priced at ₹80 per equity share. The IPO to be listed on NSE, SME.
When Mangalam Alloys IPO will open?
The IPO is to open on 21 Sep – 25 Sep for QIB, NII & RII.
How much is Mangalam Alloys IPO Size?
Mangalam Alloys IPO size is ₹54.91 Crores.
How much is the Fresh issue size of Mangalam Alloys IPO?
The Fresh issue size of Mangalam Alloys IPO ₹49.01 Cr.
How much is the Offer For Sale size of Mangalam Alloys IPO?
The Offer For Sale size of Mangalam Alloys IPO ₹5.90 Cr.
What is Mangalam Alloys IPO Price Band?
Mangalam Alloys IPO Price Band is ₹80 Per share.
What is the Mangalam Alloys IPO Minimum and Maximum Lot Size?
The minimum bid is 1600 Shares with ₹128,000 amount while the maximum bid is 1600 shares with ₹128,000.
How much is Mangalam Alloys IPO Investors Portion?
The investors’ portion for QIB 0%, NII 50%, RII 50%.
When is Mangalam Alloys IPO Allotment Date?
Mangalam Alloys IPO allotment date is 28 September 2023.
When is Mangalam Alloys IPO Listing Date?
Mangalam Alloys IPO listing date is 04 October 2023. The IPO to list on NSE, SME.
How to Apply the Mangalam Alloys IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Mangalam Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Mangalam Alloys IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Mangalam Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Mangalam Alloys IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Mangalam Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Mangalam Alloys IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Mangalam Alloys IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Mangalam Alloys GMP: Click Here Mangalam Alloys Subscription: Click Here Mangalam Alloys Allotment: Click Here Mangalam Alloys Listing: Click Here |
All Mangalam Alloys IPO-related links are available here. If you want to know the details then click on Click Here Link.
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