The Mangalam Alloys IPO commenced on September 21, 2023, and concluded on September 26, 2023. The allotment of shares took place on September 29, 2023, and the initiation of refunds began on October 3, 2023. The shares were credited to the demat accounts of investors on October 4, 2023. Finally, the listing of Mangalam Alloys on the stock exchange occurred on October 5, 2023.
The Mangalam Alloys IPO was priced at ₹80 per share, with a lot size of 1600 shares. The total issue size was ₹54.91 crores, comprising a fresh issue of ₹49.01 crores and an offer for sale of ₹5.90 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.
Mangalam Alloys Limited IPO Basic Details
|Company Name||Mangalam Alloys Limited|
|Domain of Company||Manufacturing Stainless Steel Products|
|Mangalam Alloys IPO GMP Today||₹25|
|Mangalam Alloys IPO Listing Gain||31.25%|
|Mangalam Alloys IPO Open Date||September 21, 2023|
|Mangalam Alloys IPO Close Date||September 25, 2023|
|Mangalam Alloys IPO Allotment Date||September 29, 2023|
|Mangalam Alloys IPO Listing Date||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|
|Company Promoters||Mr. Uttamchand Chandanmal Mehta|
and Mr. Tushar Uttamchand Mehta
Mangalam Alloys IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|21 September 2023||₹25||31.25%||–||–|
Mangalam Alloys IPO Details:
Mangalam Alloys Limited was founded in 1988 and specializes in producing stainless steel products. They create a wide range of items, including SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners. These products come in over 30 international grades and sizes ranging from 3 mm to 400 mm.
To make stainless steel ingots, Mangalam Alloys uses three furnaces. They start by melting stainless steel scrap, then roll it into stainless steel rounds and flats. After that, the material undergoes heat treatment in an annealing furnace, and finally, it goes through a bright bar unit. Their manufacturing facility covers 40,000 square meters of land and has the capacity to melt 25,000 tons per year.
In terms of revenue, the company earned Rs. 30,292.25 Lacs in fiscal year 2023, Rs. 30,936.90 Lacs in 2022, and Rs. 27,125.88 Lacs in 2021.
Mangalam Alloys IPO More Details Click Here
Mangalam Alloys IPO FAQs
When is Mangalam Alloys IPO open?
Mangalam Alloys IPO will open on 21 September 2023.
When is Mangalam Alloys IPO Close?
Mangalam Alloys IPO will be closed on 25 September 2023.
What is Mangalam Alloys IPO GMP Today?
The Mangalam Alloys IPO GMP aka Grey Market Premium is ₹25.
What is Mangalam Alloys IPO Kostak Rates Today?
The Mangalam Alloys IPO Kostak Rate is ₹000.
What is Mangalam Alloys IPO Subject to Sauda Price Today?
The Mangalam Alloys IPO subject to sauda rates is ₹000.
Mangalam Alloys IPO Expected Returns?
The Mangalam Alloys expected return is 31.25%.
How much will be the listing gain in Mangalam Alloys IPO?
Mangalam Alloys IPO will get listing gain of 31.25%. (Approx.)