Mangalam Alloys Limited IPO GMP, Review, Prices, Dates

Mangalam Alloys Limited IPO GMP, Review, Prices, Dates: The Rs 54.91 crore fixed pricing problem for Mangalam Alloys. The offering consists of a fresh 61.26 lakh share issuance totaling Rs 49.01 crores and a 7.38 lakh share offer for sale totaling Rs 5.90 crores.

The IPO price for Mangalam Alloys is Rs. 80 per share. The basic minimum application lot size is 1600 shares. Retail investors are required to make investments of at least 128,000. For HNI, two lots (3,200 shares) with a minimum investment of $260,000 are the required minimum lot size.

Mangalam Alloys Limited IPO

On September 21, 2023, subscriptions for the Mangalam Alloys IPO open, and they conclude on September 25, 2023. On Thursday, September 28, 2023, the Mangalam Alloys IPO’s allotment is anticipated to be completed. The proposed listing date for the Mangalam Alloys IPO on the NSE SME is set for Wednesday, October 4, 2023.

The Mangalam Alloys IPO’s book-running lead manager is Expert Global Consultants Private Limited, and the issue’s registrar is Skyline Financial Services Private Ltd.

Mangalam Alloys Limited IPO Overview

Mangalam Alloys Company Overview
Company Name Mangalam Alloys Limited
IPO Opening Date 21 September, 2023
IPO Closing Date 25 September, 2023
Face Value 10₹ Per Share
Share Price Range 80₹ Per Share
Lot Size 1600 Shares
GMP 80₹ Per Shares
Issue Type Fixed Price Issue IPO
Total IPO Issue Size 6,864,000 Shares
Fresh Issue Size 6,126,400 Shares
IPO Listing At NSE SME
Share Holding Pre Issue 18,559,527
Share Holding Post Issue 24,685,927
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Mangalam Alloys Limited IPO Lot Size

Mangalam Alloys IPO Lot Size
Minimum Retail Applications 1 Lot
Maximum Retail Applications 1 Lot
Minimum HNI Applications 2 Lots
Total Shares In Single Lot 1600 Shares
Amount For Single Lot 128,000 Rupees


Mangalam Alloys Limited IPO Time Table (Tentative)

Mangalam Alloys IPO Time Table Complete Details
IPO Initiation Date 21 September, 2023
IPO Ending Date 25 September, 2023
Basis Of Allotment 28 September, 2023
Initiation Of Refund 29 September, 2023
Shares Credit To Demat Account 03 October, 2023
Date Of Listing 04 October, 2023
Cut Off Time For UPI Mandate Confirmation (5 PM) 21 September, 2023


Mangalam Alloys Limited IPO Reservation Details

Mangalam Alloys IPO Reservation Overview
Shares Offered To Retailers 50% Of Net Offers
Shares Offered To Others 50% Of Net Offers


Mangalam Alloys Limited Company Financials

Mangalam Alloys Company Financials Information
This Data Is Of 31 March, 2023
Total Revenue 31,127.95 Cr
Assets 32,184.54 Cr
Profit After Tax -1.54
Reserves And Surplus 4,603.81 Cr


Is Mangalam Alloys Limited IPO Review

Mangalam Alloys Limited, a stainless steel-based product maker, was established in 1988. By melting stainless steel scrap, rolling ingots into stainless steel rounds and flats, and then using a heat treatment annealing furnace and brilliant bar machine, Mangalam Alloys creates stainless steel ingots. Its manufacturing facility, which occupies 40,000 square meters of land, has an installed melting capacity of 25,000 TPA.


What Is The Objective Of Mangalam Alloys Limited IPO Issue?

The company will use the proceeds of the Issue to accomplish the following objectives:-

  • Needs for working capital
  • Capital expenditures for company growth, R&D, general corporate purposes.
  • Covering issue costs.


How To Apply For Mangalam Alloys IPO?

You can submit an application through your broker to Mangalam Alloys Limited by doing the following :-

  • Log into a Demat account after opening one.
  • Opt for the Initial Public Offerings (IPO) category.
  • Pick Open IPOs at This Time.
  • Go ahead and tap Master Components.
  • Form completion and submission are required.

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