Mangalam Alloys Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹80 - ₹80
- Lot size
- 1,600 shares
- Issue amount
- ₹54.91 cr
- Total subscription
- 5.62×
- Opens
- 21 Sept 2023
- Closes
- 25 Sept 2023
- Allotment
- 27 Sept 2023
- Listing
- 4 Oct 2023
Offer at a glance
Issue overview
- Issue size
- 68,64,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹49.01 cr
- Offer for sale
- ₹5.9 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,28,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,85,59,527
- Shares after issue
- 2,46,85,927
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,28,000 |
| HNI | 2 | 3,200 | ₹2,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 26.09 | 227.61 |
| NIB | 26.07 | 65.54 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 5.46 |
| ROE | 12.82 |
| ROCE | 20.92 |
| RONW | 13.7 |
| PRE IPO(PE) | 14.65 |
| POST IPO(PE) | 19.46 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1988, Mangalam Alloys Limited is a stainless-steel manufacturer producing SS ingots and various finished products like SS black bars, bright round/hex/square bars, angles, pattis, forgings, and fasteners in over 30 international grades, ranging from 3 mm to 400 mm. The company recycles stainless steel scrap, melts it using three furnaces, and converts it into rounds and flats through rolling, annealing, and bright bar processing. Its manufacturing unit spreads across 40,000 sq. meters with a 25,000 TPA melting capacity, and the company reported revenues of ₹30,292.25 lakhs in FY23, ₹30,936.90 lakhs in FY22, and ₹27,125.88 lakhs in FY21.
Promoters
Mr. Uttamchand Chandanmal Mehta
Mr. Tushar Uttamchand Mehta
Registrar & documents
Lead manager
Expert Global Consultants Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 3123-3126, GIDC Phase III, Chhatral Dist. Gandhinagar - 382729
+91-2764 232064
[email protected]Company website ↗Understanding MAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.