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* - Tentative Dates
The Issue Proceeds from the Issue will be utilized towards the following objects:
Mangalam Global Enterprise Limited's revenue increased by 11.47% and profit after tax (PAT) rose by 251.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 439.17 | 270.89 | 221.91 |
| Revenue | 1,430.44 | 1,283.22 | 964.69 |
| Profit After Tax | 12.70 | 3.61 | 4.74 |
| Reserves and Surplus | 86.71 | 53.64 | 44.51 |
| Total Borrowing | 238.31 | 119.94 | 121.30 |
| Amount in ₹ Crore | |||
Mangalam Global Enterprise Limited was incorporated in September 2010 under the name “HindPrakash Colourchem Private Limited”. The company manufactures refined first grade castor oil (F.S.G.), deoiled castor cake and deoiled high protein castor cake for the domestic market as well as for export to international markets. The company also produces cotton bales (lint cotton), sows cotton seeds and trades in castor seeds and raw cotton.
At present, the company has a production unit equipped with the necessary ginning and pressing machines and has a processing capacity of 150 MT per day. The company is present in both the domestic and global markets. It supplies its products to states like Gujarat, Rajasthan, Delhi, Maharashtra and West Bengal. To meet the growing demand for castor oil in the international market and to create a more responsive and cost-efficient supply chain, the company has started its export business. They export our products to countries like Thailand and Oman.
