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.
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 |
| Check More IPO’s | Click Here |
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.