Mangalam Alloys Limited

Company Profile
Company Name Mangalam Alloys Limited
Open Date 21-09-2023
Close Date 25-09-2023
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹80 per share
Issue Size 68,64,000 Equity Shares
Application Amount ₹ 1,28,000
Recommendation Apply
Mangalam Alloys Limited was originally incorporated in the year 1988 and has its registered office in Gujarat. The Company is engaged in the business of stainlesssteel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, and different sections/ profiles like square, hex, angle, patti, etc.The company has been awarded various certificates and ISO 9001:2015 and PED certificates.As of 31st March 2023, the Company has 370 employees on its payroll.
(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 31,210.81 30,066.96 33,201.82
Net Assets 6,390.37 6,895.35 7,903.11
Total Borrowings 16,769.66 16,361.81 15,353.27
Total Revenue 27,190.68 30,973.94 30,817.92
Profit After Tax -653.68 505.08 1,013.51

Tentative Timeline

Opening Date 21-09-2023
Closing Date 25-09-2023
Basis of Allotment 29-09-2023
Initiation of Refunds 03-10-2023
Credit of Shares to Demat 04-10-2023
Listing Date 05-10-2023

Objects of the Issue

Capital Expenditure Requirements
Working Capital Requirements
Issue Expenses
General Corporate Purposes.

Contact Information

Registered Office Mangalam Alloys Limited Plot No. 3123-3126, GIDC Phase III, Chhatral Dist. Gandhinagar - 382729
Phone +91-2764 232064

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 344,000 (5.01%)
Other Shares Offered 3,259,200 (47.48%)
Retail Shares Offered 3,260,800 (47.51%)
Total Shares Offered 6,864,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 81.17%
Share Holding Post Issue (Promoters) 59.74%

Contact Us to Enable Your Success!