The Mangalam Alloys IPO started on September 21, 2023, and ended on September 25, 2023. Shares were allocated on September 29, 2023, and refund processes began on October 3, 2023. On October 4, 2023, the shares were credited to investors demat accounts. Mangalam Alloys was officially listed on the stock exchange on October 5, 2023.
During the IPO, Mangalam Alloys offered shares at a price range of ₹80 per share, and the lot size was 1600 shares. The total issue size was ₹54.91 crores, with ₹49.01 crores from new shares and ₹5.90 crores from shares for sale. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Mangalam Alloys Limited IPO Subscription Update Video
Mangalam Alloys IPO Subscription Status
The Mangalam Alloys IPO on September 25, 2023 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 Basic Details
| Company Name | Mangalam Alloys Limited |
| Domain of Company | Manufacturing Stainless Steel Products |
| IPO Open Date | September 21, 2023 |
| IPO Close Date | September 25, 2023 |
| IPO Allotment Date | September 29, 2023 |
| 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 |
About Mangalam Alloys Limited
Mangalam Alloys Limited, founded in 1988, specializes in making stainless steel products. We produce a wide range of items such as stainless steel ingots, black bars, round bars, hex bars, square bars, angles, pattis, forgings, and fasteners. Our products come in over 30 different international grades and sizes ranging from 3mm to 400mm.
To create stainless steel ingots, we use three furnaces to melt stainless steel scrap. These ingots are then rolled into rounds and flats, followed by a heat treatment process in an annealing furnace and a bright bar unit. Our manufacturing facility, spanning 40,000 square meters, has a melting capacity of 25,000 TPA (Tons Per Annum).
In the fiscal years 2021, 2022, and 2023, our company generated revenues of Rs. 27,125.88 Lacs, Rs. 30,936.90 Lacs, and Rs. 30,292.25 Lacs, respectively.
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Mangalam Alloys IPO FAQs
What is the start and end date of Mangalam Alloys IPO Subscription?
The Mangalam Alloys IPO started on September 21, 2023, and ended on September 25, 2023.
When does Mangalam Alloys IPO Subscription open?
The Mangalam Alloys IPO open on September 21, 2023.
When does Mangalam Alloys IPO Subscription close?
The Mangalam Alloys IPO Close on September 25, 2023.
What is the allotment date of Mangalam Alloys IPO?
The allotment date for Mangalam Alloys IPO is September 29, 2023.
When is the initial refund date of Mangalam Alloys IPO?
The initial Refund date for Mangalam Alloys IPO is October 3, 2023.
When were the shares credited to investors demat accounts for the Mangalam Alloys IPO?
The shares for the Mangalam Alloys IPO were credited to investors demat accounts on October 4, 2023.
When will Mangalam Alloys IPO be listed on the stock market?
Mangalam Alloys IPO stock market will be listed on October 5, 2023 at 10 am.
What was the price range of the Mangalam Alloys IPO shares?
The Mangalam Alloys IPO shares were offered at a price range of ₹80 per share.
What was the lot size for the Mangalam Alloys IPO shares?
The lot size for the Mangalam Alloys IPO shares was 1600 shares.
What was the total issue size of the Mangalam Alloys IPO?
The total issue size of the Mangalam Alloys IPO was ₹54.91 crores.
How were the shares allocated among different types of investors for the Mangalam Alloys IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Mangalam Alloys IPO listed?
The Mangalam Alloys IPO was listed on the NSE SME.
What is the Mangalam Alloys IPO Subscription Status?
Mangalam Alloys IPO is subscribed Times.
