Mangalam Alloys IPO Details | GMP, Date, Price, Review

Mangalam Alloys IPO

Table of Contents

Mangalam Alloys IPO Details ( Mangalam Alloys Limited IPO Review )

(21 Sep 2023 – 25 Sep 2023)

Mangalam Alloys Limited, established in 1988, specializes in making stainless steel products.

They create various stainless steel items, including SS Ingots, SS Black Bars, SS RCS, SS Bright Round Bars, Bright Hex Bars, Bright Square Bars, Angles, Pattis, Forgings, and Fasteners. They offer these products in over 30 international grades and a size range from 3 mm to 400 mm.

To produce stainless steel ingots, Mangalam Alloys uses three furnaces. They start by melting stainless steel scrap, then roll the ingots into stainless steel rounds and flats. Afterward, they use a heat treatment annealing furnace and a bright bar unit. Their manufacturing facility covers 40,000 square meters of land and has a capacity of 25,000 TPA (Melting Capacity).

In fiscal years 2023, 2022, and 2021, the company achieved revenue of Rs. 30,292.25 Lacs, Rs. 30,936.90 Lacs, and Rs. 27,125.88 Lacs, respectively.

Mangalam Alloys Limited Company Product

  1. Ingots
  2. Black Round Bars
  3. RCS
  4. Bright Forged Round Bars
  5. Bright Round Bars
  6. Hexagonal & Square Bars
  7. Angle Bars
  8. Flat Bars
  9. Fastener
    • Hex Screw/Het Bolt
    • Hex Nut/Heavy Hex Nut
    • Allen Cap
    • Allen CSK
    • Stud/Threaded (Half/Full Threaded, Double Ended)
    • Square Head Bolts / Screw
  10. Special Bolts / Screws

Mangalam Alloys Limited IPO Competitive Strength

  • 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

Mangalam Alloys IPO Financials Performance ( Results )

Mangalam Alloys Limited Financial Information (Restated Standalone)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

Objective of IPO Issue

  • Working capital requirements
  • Capital Expenditure for business expansion and research and Development
  • General Corporate Purposes
  • To meet issue expenses

Mangalam Alloys IPO Basic Details

IPO DateSep 21, 2023 to Sep 25, 2023
Listing DateThursday, October 5, 2023
Face Value₹10 per share
Price₹80 per share
Lot Size1600 Shares
Issue Size6,864,000 shares of ₹10
(aggregating up to ₹54.91 Cr)
Fresh Issue6,126,400 shares of ₹10
(aggregating up to ₹49.01 Cr)
Offer for Sale737,600 shares of ₹10
(aggregating up to ₹5.90 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue18,559,527
Share holding post issue24,685,927
Company PromotersMr. Uttamchand Chandanmal Mehta
and Mr. Tushar Uttamchand Mehta

Mangalam Alloys IPO Reservation

Other Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue

Mangalam Alloys IPO Timetable

Mangalam Alloys IPO will open on September 21, 2023 and close on September 25, 2023. You can join Mangalam Alloys IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date21 September 2023 (Thursday)
Closing Date25 September 2023 (Monday)
Basis of Allotment29 September 2023 (Friday)
Initiation of Refunds3 October 2023 (Tuesday)
Credit of Shares to Demat4 October 2023 (Wednesday)
Listing Date5 October 2023 (Thursday)
Deadline for UPI mandate confirmation5 PM on 21 September 2023

Mangalam Alloys IPO Lot Size

For retail investors in Mangalam Alloys IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹128,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹128,000.

Retail (Min)11600₹128,000
Retail (Max)11600₹128,000
S-HNI (Min)23200₹256,000

Mangalam Alloys IPO Promoter Holding

The company’s promoters include Mr. Uttamchand Chandanmal Mehta and Mr. Tushar Uttamchand Mehta.

Pre Issue Share Holding81.17%
Post Issue Share Holding59.74%

Mangalam Alloys Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)197.49
Earning Per Share (EPS)₹5.46 per Equity Share
Net Asset Value (NAV)₹42.58 per Equity Share
P/E Ratio (P/E) (x)14.65
Post P/E Ratio (P/E) (x)19.46
Return on Net Worth (RoNW) (%)13.70
Return on equity (ROE) (%)12.82
Return on Capital Employed (ROCE) (%)20.92
Debt/Equity Ratio1.94

Mangalam Alloys Ltd Peer Comparison

Company NameConsolidated/
Mangalam Alloys
Peer Group
Ratnamani Metal &
Tubes Limited
Arfin India LimitedConsolidated3210.748.9012.4088
Panchmahal Steel
India Steel Works

Mangalam Alloys IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
26 September 2023₹0
25 September 2023₹0
24 September 2023₹18
23 September 2023₹18
22 September 2023₹18
21 September 2023₹18
20 September 2023₹18

Mangalam Alloys IPO Detail Video:

Mangalam Alloys IPO Subscription Status (Bidding Detail)

The Mangalam Alloys IPO on September 25, 2023 at 7:30:00 PM was subscribed 5.57 times, with the retail category being subscribed 8.73 times, the other category being subscribed 2.41 times.


Mangalam Alloys IPO Prospectus

Mangalam Alloys IPO DRHPDownload
Mangalam Alloys IPO RHPDownload
Mangalam Alloys IPO Anchor Investors Details PDFDownload

Mangalam Alloys IPO Rating

Our Rating3.0/5.0

Mangalam Alloys Company Contact Information

Mangalam Alloys Limited

Registered Office: Plot No. 3123-3126, GIDC Phase III, Chhatral Dist.
Gandhinagar, Gujarat -382729, India
Telephone No: +91-2764 232064 / 232025
E-mail ID:
Contact Person: Ms. Manmeetkaur Harshdeepsingh Bhatia, Company Secretary and Compliance officer
Our Promoters: Mr. Uttamchand Chandanmal Mehta and Mr. Tushar Uttamchand Mehta

Mangalam Alloys IPO Registrar

Skyline Financial Services Private Limited

Registered Office: A/506, Dattani Plaza, Andheri Kurla Road, Safeed Pool,
Andheri East, Mumbai – 400 072, Maharashtra, India
Telephone: +91 22 2851 1022; Facsimile: +91 22 2851 1022
Investor Grievance Email:
Contact Person: Mr. Anuj Rana
SEBI Registration Number: INR000003241
CIN: U74899DL1995PTC071324

Mangalam Alloys IPO Lead Manager

Expert Global Consultants Private Limited

Registered Office: 1511, RG Trade Tower Netaji Subhash Place,
Pitampura, New Delhi – 110034, India
Telephone: +91 11 4509 8234
Investor grievance email:
Contact Person: Mr. Gaurav Jain
SEBI registration number: INM000012874
CIN: U74110DL2010PTC205995

Mangalam Alloys IPO FAQs

What is the lot size of Mangalam Alloys IPO?

The total size of Mangalam Alloys IPO is ₹54.91 crores out of which ₹49.01 crores is fresh issue and ₹5.90 crores is offer for sale (OFS).

When will Mangalam Alloys IPO start?

Mangalam Alloys IPO will open from 21 September 2023 and IPO will close on 25 September 2023.

What is the open date of Mangalam Alloys IPO?

Mangalam Alloys IPO will open date from 21 September 2023.

What is the last date ( close date ) of Mangalam Alloys IPO?

Mangalam Alloys IPO will close from 25 September 2023.

What is the price band of Mangalam Alloys IPO?

Mangalam Alloys IPO price band is ₹80.

What is the minimum amount required to apply for Mangalam Alloys IPO?

The minimum investment for retailers to apply for Mangalam Alloys IPO is ₹128,000 and the maximum investment is ₹128,000.

What is going on gray market premium of Mangalam Alloys IPO?

View gray market premium of Mangalam Alloys IPO by Clicking Here

How much is the GMP of Mangalam Alloys IPO?

Watch Mangalam Alloys IPO GMP Today: Click Here

What is the allotment date of Mangalam Alloys IPO?

The allotment date of Mangalam Alloys IPO is 29 September 2023.

How to check allotment status in Mangalam Alloys IPO?

To check the allotment status of Mangalam Alloys IPO, first of all go to the registrar website by clicking here, select your bad Mangalam Alloys IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Mangalam Alloys IPO?

The listing date of Mangalam Alloys IPO is 5 September 2023.

How much will be the listing gain in Mangalam Alloys IPO?

View listing gain of Mangalam Alloys IPO by Clicking Here

How much time Mangalam Alloys IPO is subscribed?

Total 5.57 times subscribed in Mangalam Alloys IPO out of which 8.73 times subscription was done in retail quota, 2.41 times subscription in other quota.

How to apply for Mangalam Alloys IPO from Upstox?

Click Here to see how to apply for Mangalam Alloys IPO from Upstox. (step by step)

How to apply for Mangalam Alloys IPO from Zerodha?

Click Here to see how to apply for Mangalam Alloys IPO from Zerodha. (step by step)

How to apply for Mangalam Alloys IPO from Angle One?

Click Here to see how to apply for Mangalam Alloys IPO from Angle One. (step by step)

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