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
- Ingots
- Black Round Bars
- RCS
- Bright Forged Round Bars
- Bright Round Bars
- Hexagonal & Square Bars
- Angle Bars
- Flat Bars
- 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
- 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 Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 31,210.81 | 27,190.68 | -653.69 | -3.52 | 6,390.37 | 4,534.42 | 16,769.66 |
| 31-Mar-22 | 30,066.96 | 30,973.94 | 505.08 | 2.72 | 6,895.35 | 5,039.40 | 16,361.81 |
| 31-Mar-23 | 33,201.81 | 30,817.92 | 1,013.52 | 5.46 | 7,903.11 | 6,047.16 | 15,353.27 |
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 Date | Sep 21, 2023 to Sep 25, 2023 |
| Listing Date | Thursday, October 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹80 per share |
| Lot Size | 1600 Shares |
| Issue Size | 6,864,000 shares of ₹10 (aggregating up to ₹54.91 Cr) |
| Fresh Issue | 6,126,400 shares of ₹10 (aggregating up to ₹49.01 Cr) |
| Offer for Sale | 737,600 shares of ₹10 (aggregating up to ₹5.90 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,559,527 |
| Share holding post issue | 24,685,927 |
| Company Promoters | Mr. Uttamchand Chandanmal Mehta and Mr. Tushar Uttamchand Mehta |
Mangalam Alloys IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% 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.
| Event | Date |
| Opening Date | 21 September 2023 (Thursday) |
| Closing Date | 25 September 2023 (Monday) |
| Basis of Allotment | 29 September 2023 (Friday) |
| Initiation of Refunds | 3 October 2023 (Tuesday) |
| Credit of Shares to Demat | 4 October 2023 (Wednesday) |
| Listing Date | 5 October 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 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.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| S-HNI (Min) | 2 | 3200 | ₹256,000 |
Mangalam Alloys IPO Promoter Holding
The company’s promoters include Mr. Uttamchand Chandanmal Mehta and Mr. Tushar Uttamchand Mehta.
| Pre Issue Share Holding | 81.17% |
| Post Issue Share Holding | 59.74% |
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.
| KPI | Values |
| 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 Ratio | 1.94 |
Mangalam Alloys Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Mangalam Alloys Limited | Consolidated | 80 | 10 | 5.46 | 14.65 | 13.70 | 42.58 |
| Peer Group | |||||||
| Ratnamani Metal & Tubes Limited | Consolidated | 2,300 | 2 | 72.8 | 31.60 | 21.00 | 2,604 |
| Arfin India Limited | Consolidated | 32 | 1 | 0.7 | 48.90 | 12.40 | 88 |
| Panchmahal Steel Limited | Consolidated | 130 | 10 | 0.7 | 180.60 | 0.90 | 154 |
| India Steel Works Limited | Consolidated | 2 | 1 | -1.5 | -1.2 | -61.40 | 68 |
Mangalam Alloys IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject 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.
| Category | Subscription |
| Other | 2.41x |
| Retail | 8.73x |
| Total | 5.57x |
Mangalam Alloys IPO Prospectus
| Mangalam Alloys IPO DRHP | Download |
| Mangalam Alloys IPO RHP | Download |
| Mangalam Alloys IPO Anchor Investors Details PDF | Download |
Mangalam Alloys IPO Rating
| Our Rating | 3.0/5.0 |
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
Website: www.mangalamalloys.com
E-mail ID: cs@mangalamalloys.com
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
Email: ipo@skylinerta.com
Investor Grievance Email: grievances@skylinerta.com
Contact Person: Mr. Anuj Rana
Website: https://www.skylinerta.com/
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
Email: ipo@expertglobal.in
Website: www.expertglobal.in
Investor grievance email: compliance@expertglobal.in
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)
In the table for timetable, after allotments, the dates for events shall show October instead of September