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SME IPO Status: Listed [21st Sep 2023 to 25th Sep 2023]
Mangalam Alloys Limited is bringing its SME IPO at NSE Emerge. The total size of this SME IPO is 54.91 Cr including both Fresh issue of 49.01 Cr and OFS of 5.91 Cr. You can apply in this SME IPO from 21 Sept to 25 Sept 2023. The face value of each share is Rs 10. To apply in this SME IPO application you have to buy at least one lot size of minimum 1600 shares or its multiples at the fixed price of Rs 80 per share.
Keep visiting our website to get the latest details of Mangalam Alloys Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 21st Sep 2023 |
| SME IPO Issue Closing Date: | 25th Sep 2023 |
| SME IPO Issue Price: | ₹80.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹54.91 Cr |
| Offer for Sale: | ₹5.90 Cr |
| Fresh Issue: | ₹49.01 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 81.17% |
| Promoter Holding Post IPO: | 59.74% |
| Allotment Status: | Allotment Status |
| NSE Code: | MAL |
Get important updates regarding Mangalam Alloys SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 2nd Sep 2023 |
| Refunds Initiation* | 2nd Oct 2023 |
| Credit of Shares to Demat* | 3rd Oct 2023 |
| SME IPO Listing Date* | 4th Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹80.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 04-10-2023 | 80.00 | 0 | -- | ₹80 (0%) | 4-Oct-2023 11:29 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Mangalam Alloys Private Limited was established on August 1, 1988. The company has a unique integrated melting and processing facility for stainless steel, special steel and higher alloy steel, i.e. up to bright steel caps. The company is a stainless steel plant that manufactures SS ingots, rounds, RCS, bright steel, various profiles such as square, hexagon, angle, patti etc, forgings and fasteners.
For more than 3 decades, the company has demonstrated an unwavering commitment to performance and integrity. Over the years, the company has expanded into new businesses and new regions, achieving colossal sustainable growth.
The company has its headquarters and a factory in Chhatral, GIDC, Gujarat. The company is building a long term relationship with its customers by delivering a high quality product that will surely benefit the business. The company is backed by a team of highly creative and experienced professionals who have a penchant for developing innovative designs. From processing to finishing, the company does its best to ensure the quality of each product delivered.
| Incorporation | Sector | IPO Issue Size | Website |
| 1988 | Stainless Steel | ₹54.91 Cr | https://www.mangalamalloys.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 3,259,200 (49.99%) | 3,260,800 (50.01%) | 6,520,000 | |
| 1 | 21st Sep 2023 19:32 | 0.56x | 1.31x | 0.93x |
| 2 | 22nd Sep 2023 19:31 | 0.90x | 3.77x | 2.34x |
| 3 | 25th Sep 2023 19:31 | 2.41x | 8.73x | 5.57x |
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 31,210.81 | 30,066.96 | 33,201.81 |
| Revenue | 27,190.68 | 30,973.94 | 30,817.92 |
| Profit After Tax | -653.69 | 505.08 | 1,013.52 |
| Net Worth | 6,390.37 | 6,895.35 | 7,903.11 |
| Reserves and Surplus | 4,534.42 | 5,039.40 | 6,047.16 |
| Total Borrowing | 16,769.66 | 16,361.81 | 15,353.27 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Mangalam Alloys Limited | 5.46 | 5.46 | 42.58 | 14.65 | 13.7 | |
| Ratnamani Metal & Tubes Ltd | 72.8 | 72.8 | 2604 | 31.6 | 21 | |
| Arfin India Ltd | 0.7 | 0.7 | 88 | 48.9 | 12.4 | |
| Panchmahal Steel Ltd | 0.7 | 0.7 | 154 | 180.6 | 0.9 | |
| India Steel Works Limited | -1.5 | -1.5 | 68 | -1.2 | -61.4 |
Last Updated on 08-Oct-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Mangalam Alloys SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Mangalam Alloys SME IPO with Zerodha.
Alternate approch to apply in Mangalam Alloys SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Mangalam Alloys SME IPO Review and Important Updates
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To subscribe or apply in Mangalam Alloys SME IPO, you can use the following methods:
| Mangalam Alloys SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Mangalam Alloys SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Mangalam Alloys SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Mangalam Alloys SME IPO. Most of the Syndicate Banks provide access to apply in Mangalam Alloys IPO via ASBA process. You must have your net banking access, DP ID information to apply in Mangalam Alloys SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Mangalam Alloys SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Mangalam Alloys SME IPO Review and Important Updates
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Mangalam Alloys SME IPO is going to be list on 04-10-2023. NSE Code for Mangalam Alloys is MAL.
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Mangalam Alloys SME IPO Allotment Date is 02-09-2023.
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