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 Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4740.15 | 30332.31 | 265.47 |
| 31-Mar-22 | 12265.02 | 53347.96 | 1230.98 |
| 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 Date | Jun 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 Size | 1200 Shares |
| Issue Size | 6,493,200 shares of ₹10 (aggregating up to ₹65.58 Cr) |
| Fresh Issue | 6,493,200 shares of ₹10 (aggregating up to ₹65.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. 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.
| Event | Date |
|---|---|
| Mangalam Worldwide IPO Opening Date | Jun 30, 2022 |
| Mangalam Worldwide IPO Closing Date | Jul 4, 2022 |
| Basis of Allotment | Jul 7, 2022 |
| Initiation of Refunds | Jul 8, 2022 |
| Credit of Shares to Demat | Jul 11, 2022 |
| Mangalam Worldwide IPO Listing Date | Jul 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).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹121,200 |
| Maximum | 1 | 1200 | ₹121,200 |
IPO Promoter Holding
| Pre Issue Share Holding | 87.04% |
| Post Issue Share Holding | 63.97% |
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]
Website: https://www.mangalamsaarloh.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)
- Beeline Broking Ltd
