Mangalam Alloys Limited IPO : Key Details

Mangalam Alloys Limited IPO is set to launch on 21 September, 2023. The company initiated its business operations in the year 1988. It is a stainless steel based product manufacturer. Its products include SS Black bar, SS Ingots, SS Bright Round bar, bright Square Bar, Bright Hex Bar, Forgings, Angle Patti, Fasteners etc. It has a manufacturing facility with 3 furnaces and is spread across 40000 sq mt. Its manufacturing capacity is approximately 25000 tonnes per annum. 

Mangalam Alloys Limited IPO DETAILS

Mangalam Alloys Limited IPO is set to launch on 21 September, 2023. The subscription timeline extends till 25 September, 2023. The size for the IPO is 54.91 Crore Rs. Shares issued through fresh issue mode are worth 49.01 Crore Rs. Shares issued through offer for sale mode are worth Rs 5.90 Crore Rs. The lot size is 1600 shares and the price is 80 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company isSkyline Financial Services Private Limited.

Tabular Description of Mangalam Alloys Limited IPO

IPO OPENING DATE	21 September, 2023
CLOSING DATE FOR IPO	25 September, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	80 Rs per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	54.91 Crore Rs.
OFFER FOR SALE	5.90 Crore Rs.
FRESH ISSUE	49.01 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	5 October, 2023

Mangalam Alloys Limited IPO : IMPORTANT DATES

IPO OPENING DATE	21 September, 2023
CLOSING DATE FOR IPO	25 September, 2023
IPO ALLOTMENT DATE	29 September, 2023
REFUNDS	3 October, 2023
DEMAT A/C CREDITED ON	4 October, 2023
IPO LISTING DATE	5 October, 2023

Mangalam Alloys Limited IPO begins for subscription from 21 September, 2023. The IPO subscription would continue till 25 September, 2023. The allotment status for the shareholders who applied would come on 29 September, 2023. The refunds for the ones who did not get allotment would be initiated on 3 October, 2023. The DEMAT accounts of shareholders would be credited on 4 October, 2023. The listing of the company would be completed on 5 October, 2023.

Mangalam Alloys Limited IPO : Lead Managers

The lead managers are :

• Expert Global Consultants Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 128000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 256000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	1600 shares	128000 Rs.
Maximum	3200 shares	256000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	31210	30066	33201
Revenue	27190	30973	30871
PAT	(-653)	505	1013

Mangalam Alloys Limited had an asset base of 31210 Lakh Rs in the year 2021. This decreased by almost 1150 Lakh Rs to 30066 Lakh Rs in the year 2022. The assets of the company in the year 2023 were around 33201 Lakh Rs which is the highest in the last 3 years. The revenue of the firm was 27190 Lakh rs in the year 2021. This was followed by 30973 Lakh Rs in the year 2022. The revenue in the next year was 30871 Lakh Rs. The firm had a huge loss of 653 Lakh Rs in the year 2021. This got converted to profit in the year 2022. The firm’s profit came around 505 Lakh Rs in the year 2022. Then again in the year 2023 the firm booked a huge profit of 1013 Lakh Rs in comparison to the loss of the year 2021.

PROS

• Its products include SS Black bar, SS Ingots, SS Bright Round bar, bright Square Bar, Bright Hex Bar, Forgings, Angle Patti, Fasteners etc.
• It has a manufacturing facility with 3 furnaces and is spread across 40000 sq mt. Its manufacturing capacity is approximately 25000 tonnes per annum.

CONS

• The company works in a highly competitive segment.

Mangalam Alloys Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Mangalam Alloys Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.