Connect with us

Mangalam Worldwide IPO

Mangalam Worldwide IPO

Mangalam Worldwide (IPO) Incorporated in 1995, Company is engaged in the manufacturing of stainless steel (SS). The company manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel – scrap, ferro alloys, etc.

Mangalam Worldwide has two Plants, located at Halol (Unit I) and Changodar (Unit II). Unit I has an installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets and Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars.

The company’s customers have spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh in different industry segments like food and dairy equipment, Utensils, oil and gas, aerospace and medical devices among others. Managalam Worldwide is also exporting the products to Brazil.

Competitive Strengths:

  • Prime Location of Manufacturing Units.
  • Scalable Business Model.
  • Long term relationship with Customers.
  • Cost effective production and timely fulfilment of orders.
  • Captive Consumption.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
Amount in ₹ Lakhs

Objects of the Issue

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To Meet Working Capital Requirements.

2. General Corporate Purpose.

3. To meet Public Issue Expenses.

IPO Details

Mangalam Worldwide IPO DateJun 30, 2022 to Jul 4, 2022
Mangalam Worldwide IPO Face Value₹10 per share
Mangalam Worldwide IPO Price₹101 per share
Mangalam Worldwide IPO Lot Size1200 Shares
Issue Size6,493,200 shares of ₹10
(aggregating up to ₹65.58 Cr)
Fresh Issue6,493,200 shares of ₹10
(aggregating up to ₹65.58 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersMr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal are the company promoters.

IPO Timeline

IPO opens on Jun 30, 2022, and closes on Jul 4, 2022. IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Mangalam Worldwide IPO Opening DateJun 30, 2022
Mangalam Worldwide IPO Closing DateJul 4, 2022
Basis of AllotmentJul 7, 2022
Initiation of RefundsJul 8, 2022
Credit of Shares to DematJul 11, 2022
Mangalam Worldwide IPO Listing DateJul 12, 2022

IPO Lot Size

The Mangalam Worldwide IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121,200).


IPO Promoter Holding

Pre Issue Share Holding87.04%
Post Issue Share Holding63.97%

IPO Prospectus

Company Contact Information

Mangalam Worldwide Limited
102, Mangalam Corporate House,
42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura Ahmedabad, 380009
Phone: 79 6161 5000
Email: [email protected]

IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]

IPO Lead Manager(s)

  1. Beeline Broking Ltd