Mangalam Alloys IPO : How to check the Allotment Status
by 5paisa Research Team
26 Sep 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 04-Oct-23
- IPO Price Range ₹ 80
- Listing Price ₹ 80
- Listing Change 0.0%
- Last Traded Price ₹ 42.2
- Current Change -47.3%
Mangalam Alloys IPO Details
- Open Date 21-Sep-23
- Close Date 25-Sep-23
- Lot Size 1600
- IPO Size ₹ 54.91 Cr
- IPO Price Range ₹ 80
- Min Investment ₹ 128000
- Listing Exchange NSE SME
- Basis of Allotment 28-Sep-23
- Refunds 29-Sep-23
- Credit to Demat Account 03-Oct-23
- Listing Date 04-Oct-23
Mangalam Alloys IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Sep-23 | - | 0.56 | 1.31 | 0.93 |
| 22-Sep-23 | - | 0.90 | 3.77 | 2.34 |
| 25-Sep-23 | - | 2.41 | 8.73 | 5.57 |
Mangalam Alloys IPO Synopsis
Mangalam Alloys Limited IPO is all set to open from 21st September to 25th September 2023. The company is engaged in the business of producing stainless-steel-based products. The IPO includes a fresh issue of 6,126,400 shares worth ₹49.01 cr and an OFS of 737,600 worth ₹5.90 cr. The total IPO size is ₹54.91 cr. The share allotment date is 29th September, and the IPO will be listed on 5th October, on the stock exchanges. The price band is ₹80 per share and the lot size is 1600 shares.
Expert Global Consultants Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Mangalam Alloys IPO:
Mangalam Alloys plans to utilize the raised capital from the IPO to:
• To meet capital expenditure for business expansion and research and development.
• For working capital requirements.
• General corporate purpose.
• To fund public issue expenses.
About Mangalam Alloys
Established in 1988, Mangalam Alloys produces stainless-steel-based products. The company manufactures a diverse range of products, including SS Ingots, SS Black Bars, SS RCS, SS Bright Round Bars, Bright Hex Bars, Bright Square Bars, Angles, Pattis, Forgings, and Fasteners. Their manufacturing facility is spread across 40,000 square meters and has an installed capacity of 25,000 TPA (Melting Capacity).
Mangalam Alloys utilizes a three-furnace process to manufacture stainless steel ingots. This involves melting stainless steel scrap, shaping ingots into stainless steel rounds and flats, and lastly followed by a heat treatment annealing furnace and a bright bar unit. These products are available in over 30 international grades and come in sizes ranging from 3 mm to 400 mm.
The Company has been awarded various certificates such as ISO 9001:2015, PED certificate, and recognized with Two Star Export House by DGFT, India.
Peer Comparison
• Arfin India Ltd
• Ratnamani Metal & Tubes Ltd
• Panchmahal Steel Ltd
• India Steel Works Limited
For More Information:
Webstory on Mangalam Alloys IPO
Mangalam Alloys IPO GMP
Mangalam Alloys Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 302.92 | 309.37 | 271.26 |
| EBITDA | 37.17 | 27.23 | 12.22 |
| PAT | 10.13 | 5.05 | -6.54 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 332.02 | 300.67 | 312.11 |
| Share Capital | 18.56 | 18.56 | 18.56 |
| Total Borrowings | 252.99 | 231.72 | 248.20 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 12.71 | 30.66 | 4.52 |
| Net cash from / (used in) investing activities | 16.68 | -12.50 | -1.58 |
| Net cash flow from / (used in) financing activities | -29.43 | -18.40 | -3.14 |
| Net increase (decrease) in cash and cash equivalents | -0.035 | -0.24 | -0.20 |
Mangalam Alloys IPO Key Points
-
Strengths
1. The company focuses on a zero-waste philosophy.
2. It has a well-developed distribution and marketing network.
3. The company qualifies under MAKE IN INDIA campaign.
4. The company has many certifications such as ISO 9001:2015 for quality.
5. Team of professional and skilled staff.
6. Integrated manufacturing facility.
7. It has an experienced management team. -
Risks
1. Volatility in the demand and pricing of stainless steel has a direct impact on the business.
2. Revenues are highly dependent on Gujarat and Karnataka.
3. Subject to stringent health and safety legislation.
4. Operates in a competitive and fragmented industry.
5. Higher working capital requirements.
6. Lenders have charge over movable and immovable and Directors immovable properties in respect of finance availed.
7. Changes in technology can impact the company.
Mangalam Alloys
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Mangalam Alloys IPO FAQs
What is the minimum lot size and investment required for the Mangalam Alloys IPO?
The minimum lot size of Mangalam Alloys is 1600 shares and the investment required is ₹128,000.
What is the price band of the IPO?
The price band for Mangalam Alloys IPO is ₹80 per share.
When does the Mangalam Alloys IPO issue open and close?
Mangalam Alloys IPO opens from 21st September to 25th September 2023.
What is the size of the Mangalam Alloys IPO issue?
The Mangalam Alloys IPO size is ₹54.91 cr.
What is the allotment date of the Mangalam Alloys IPO?
The share allotment date OF Mangalam Alloys IPO is 29th September 2023.
What is the Mangalam Alloys IPO listing date?
The Mangalam Alloys IPO will be listed on 5th October 2023.
Who are the book runners for the Mangalam Alloys IPO?
Expert Global Consultants Private Limited is the book-running lead manager for Mangalam Alloys IPO.
What is the objective of Mangalam Alloys IPO?
Mangalam Alloys plans to utilize the raised capital from the IPO to:
1. To meet capital expenditure for business expansion and research and development.
2. For working capital requirements.
3. General corporate purpose.
4. To fund public issue expenses.
How to apply for the Mangalam Alloys IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section • Enter the number of lots and the price at which you wish to apply for the Mangalam Alloys IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
• You will receive a mandate notification to block funds in your UPI app.
Contact Details of Mangalam Alloys IPO
Contact Information
Mangalam Alloys Limited
Plot No. 3123-3126,
GIDC Phase III,
Chhatral Dist. Gandhinagar - 382729
Phone: +91-2764 232064
Email: cs@mangalamalloys.com
Website: https://www.mangalamalloys.com/
Mangalam Alloys IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Mangalam Alloys IPO Lead Manager
Expert Global Consultants Private Limited
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