Mangalam Worldwide IPO is engaged in the manufacturing of stainless steel.
Mangalam worldwide IPO – overview
| IPO Dates | 30 June – 4 July 2022 |
| IPO Price | INR 101 per share |
| Fresh issue | 6,493,200 shares (INR 65.58 crore) |
| Offer For Sale | Nil |
| Total IPO size | 6,493,200 shares (INR 65.58 crore) |
| Minimum bid (lot size) | 1200 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Mangalam worldwide IPO – Tentative Dates
| IPO Offer Opening Date | 30 June 2022 |
| IPO Closing Date | 04 July 2022 |
| Finalisation of Basis of Allotment | 07 July 2022 |
| Initiation of refunds | 08 July 2022 |
| Transfer of shares to demat accounts | 11 July 2022 |
| IPO Listing Date | 11 July 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Incorporated in 1995, Mangalam Worldwide Limited 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 Uttar Pradesh in different industry segments like food and dairy equipment, Utensils, oil and gas, aerospace and medical devices among others. Mangalam Worldwide is also exporting the products to Brazil.
Strengths:
- Prime Location of Manufacturing Units.
- Scalable Business Model.
- Long term relationship with Customers.
- Cost effective production and timely fulfilment of orders.
- Captive Consumption.
Objectives
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Company Financials
| Particulars | 31- March -22 | 31-March -21 |
| Total Assets | 12265.02 | 4740.15 |
| Total Revenue | 53347.96 | 30332.31 |
| Profit After Tax | 1230.98 | 265.47 |
Company Contact Information
Mangalam Worldwide Limited
102, Mangalam Corporate House,
42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura Ahmedabad, 380009
Phone: 79 6161 5000
Email: cs.mwpl@groupmangalam.com
Website: https://www.mangalamsaarloh.com/
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mangalam.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
- Beeline Broking Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
