Mangalam Alloys IPO Details: Mangalam alloys, is set to launch its initial public offering (IPO) on September 21, 2023. The IPO will close on September 25, 2023. The company is looking to raise ₹54.91 crores through the IPO. The investors’ portion for QIB/NII is 50%, Retail is 50%. The market lot is 1600 shares.
What is Mangalam Alloys IPO?
Mangalam Alloys IPO is a fixed price issue of ₹54.91 crores. The issue is a combination of fresh issue of 61.26 lakh shares aggregating to ₹49.01 crores and offer for sale of 7.38 lakh shares aggregating to ₹5.90 crores.
Mangalam IPO opened for subscription on September 21, 2023 and closed on September 25, 2023. The allotment for the IPO is expected to be finalized on September 28, 2023. The IPO is tentatively scheduled to list on NSE SME on October 4, 2023.
Mangalam Alloys is a stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections/ profiles like square, hex, angle, patti, etc., Forging and making fasteners. The company has an integrated stainless steel manufacturing unit covering 40,000 sq. meters of land with an installed capacity of 25,000 TPA (Melting Capacity) with a turnover of INR 302.92 crore in FY 2023.
The company plans to use the proceeds from the IPO to:
- Expand its stainless steel manufacturing capacity by 50% to 37,500 TPA
- Set up a new forging unit with a capacity of 10,000 TPA
- Upgrade its existing equipment and technology
- Fund working capital requirements
Investors should carefully consider the risks associated with investing in the Mangalam Alloys IPO, including the company’s financial performance, industry outlook, and competitive landscape.
Objectives of Mangalam Alloys IPO
The objectives of the Mangalam Alloys IPO are to:
- Expand its stainless steel manufacturing capacity by 50% to 37,500 TPA. This will help the company meet the growing demand for stainless steel products in India and abroad.
- Set up a new forging unit with a capacity of 10,000 TPA. This will allow the company to produce a wider range of high-value stainless steel products, such as fasteners, forgings, and other precision components.
- Upgrade its existing equipment and technology. This will help the company improve its efficiency and reduce costs.
- Fund working capital requirements. This will allow the company to meet its short-term financial obligations and support its growth plans.
The company believes that the proceeds from the IPO will help it achieve its long-term growth objectives and become a leading player in the stainless steel industry.
Mangalam Alloys IPO Date & Price Band Details
| IPO Open: | September 21, 2023 |
| IPO Close: | September 25, 2023 |
| IPO Size: | Approx ₹54.91 Crores, 6,864,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹80 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | – % of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Mangalam Alloys IPO Market Lot
The Mangalam Alloys IPO minimum market lot is 1600 shares with a ₹128,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹128,000 |
| Retail Maximum | 1 | 1600 | ₹128,000 |
| S-HNI Minimum | 2 | 3200 | ₹256,000 |
Mangalam Alloys IPO Dates
The Mangalam Alloys IPO date is September 21 and the IPO close date is September 25. The IPO allotment date is September 28 and the IPO might list on October 4.
| IPO Open Date: | September 21, 2023 |
| IPO Close Date: | September 25, 2023 |
| Basis of Allotment: | September 28, 2023 |
| Refunds: | September 29, 2023 |
| Credit to Demat Account: | October 3, 2023 |
| IPO Listing Date: | October 4, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Mangalam Alloys IPO Subscription Status
For the latest update on the Mangalam Alloys IPO, you can check this dedicated page for IPO subscription status.
Mangalam Alloys IPO Allotment Status
For the latest update on the Mangalam Alloys IPO, you can check this dedicated page for IPO allotment status.
Mangalam Alloys IPO Forms
For IPO form for the Mangalam Alloys IPO, you can check this dedicated page for IPO Forms.
Mangalam Alloys Company Financials
Mangalam Alloys’ financial performance for the last three financial years (FY21-FY23) is as follows:
| Financial Year | Revenue (in crores) | EBITDA (in crores) | PAT (in crores) |
|---|---|---|---|
| FY23 | 302.92 | 22.84 | 14.21 |
| FY22 | 309.37 | 27.01 | 16.53 |
| FY21 | 271.26 | 18.35 | 12.13 |
As you can see, the company’s revenue has been growing steadily over the past three years, while its EBITDA and PAT have also been improving. However, it is important to note that the company’s debt-to-equity ratio is relatively high at 2.38x. This means that the company has more debt than equity, which could pose a risk to its financial stability if interest rates rise or if the company experiences a downturn in business.
Overall, Mangalam Alloys’ financial performance is positive. The company is growing revenue and earnings, and its debt-to-equity ratio is manageable. However, investors should be aware of the company’s high debt levels and should carefully consider the risks before investing.
Here are some key financial ratios for Mangalam Alloys:
- Return on equity (ROE): 9.62%
- Debt-to-equity ratio: 2.38x
- Current ratio: 1.27x
The ROE is a measure of how efficiently the company is using its equity to generate profits. The debt-to-equity ratio is a measure of the company’s financial leverage. The current ratio is a measure of the company’s ability to meet its short-term financial obligations.
Overall, Mangalam Alloys’ financial ratios are relatively healthy. The company has a good return on equity and a manageable debt-to-equity ratio. However, the current ratio is slightly below the industry average, which could be a concern.
Pros and Cons of Mangalam Alloys IPO
| Pros | Cons |
|---|---|
| Strong financial performance | IPO is priced at a premium |
| Experienced management team | High debt levels |
| Expansion plans | Competitive industry |
| Diversified product portfolio | IPO is relatively small |
Additional notes:
- Mangalam Alloys is a leading manufacturer of ferro alloys in India.
- The company has a strong track record of financial performance and an experienced management team.
- The company has plans to expand its capacity and product portfolio in the future.
- The company’s debt levels are relatively high.
- The IPO is priced at a premium to the company’s peers.
- The IPO is relatively small in size.
Company Promoters
- Mr. Uttamchand Chandanmal Meht
- Mr. Tushar Uttamchand Mehta
Mangalam Alloys IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Company Address
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 FAQs
Mangalam alloys, is set to launch its initial public offering (IPO) on September 21, 2023. The IPO will close on September 25, 2023.
Mangalam alloys IPO size is ₹54.91 crores.
Mangalam alloys IPO Price Band is ₹80 per equity share.
The IPO bid is 1600 shares with ₹128,000.
Mangalam alloys IPO allotment date is September 28, 2023.
Mangalam alloys IPO listing date is October 04, 2023. The IPO to list on NSE SME.
To apply for the Mangalam Alloys IPO, you can follow these steps:
Open a demat account with a broker.
Link your demat account to your bank account.
Apply for the IPO online through your broker’s website or mobile app.
Enter the number of shares you want to apply for and the price you are willing to pay.
Submit your application and pay the application amount.
You can apply for the IPO using either ASBA (Application Supported by Blocked Amount) or UPI (Unified Payments Interface).
If you are applying using ASBA, you will need to provide your bank account details and authorize your broker to debit the application amount from your account.
If you are applying using UPI, you will need to provide your UPI ID and authorize your broker to debit the application amount from your UPI account.
The Mangalam Alloys IPO opened for subscription on September 21, 2023 and closed on September 25, 2023. The allotment for the IPO is expected to be finalized on September 28, 2023. The IPO is tentatively scheduled to list on NSE SME on October 4, 2023.
Here are some additional tips for applying for the Mangalam Alloys IPO:
Read the IPO prospectus carefully before applying. This will help you understand the company’s business, financial performance, and risk factors.
Set a budget for your investment and stick to it. Don’t invest more money than you can afford to lose.
Apply for the IPO as early as possible. This will give you a better chance of getting allocated shares.
Be patient. It may take a few days or even weeks to receive your allotment confirmation.
To apply for the Mangalam Alloys IPO through Zerodha, you can follow these steps:
Log in to your Zerodha Kite account.
Click on the IPOs tab.
Select the Mangalam Alloys IPO from the list of upcoming IPOs.
Click on the Apply button.
Enter the number of shares you want to apply for and the price you are willing to pay.
Click on the Submit button.
Enter your UPI ID and authorize Zerodha to debit the application amount from your UPI account.
Click on the Submit button again.
Your IPO application will be submitted and your application amount will be blocked. You will receive a confirmation email once your application has been submitted.
Here are some additional tips for applying for the Mangalam Alloys IPO through Zerodha:
Make sure that you have enough money in your UPI account to cover the application amount.
If you are applying for a large number of shares, you may want to consider using ASBA instead of UPI. This will help to ensure that your application is processed and allotted before the IPO closes.
Be patient. It may take a few days or even weeks to receive your allotment confirmation.