Mangalam Alloys Logo

Mangalam Alloys Limited

MAL

80-80

per share
Bidding Dates
21-25 Sep
Min. Investment
₹1,28,000.00
Lot Size
1600 shares
Issue Size
₹54.91 Cr
IPO Timeline
Bidding starts
21 Sep ‘23
Bidding ends
25 Sep ‘23
Allotment finalisation*
28 Sep ‘23
Refund initiation*
29 Sep ‘23
Demat transfer
03 Oct ‘23
Listing
04 Oct ‘23
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About the Mangalam Alloys Limited IPO

Incorporated in 1988, Mangalam Alloys Limited is a stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections/ profiles like square, hex, angle, patti, etc, Forging and making fasteners. It is situated in Ahmedabad, Gujarat.

The company manufactures stainless steel ingots through three furnaces by melting of stainless steel scrap, rolling of ingots to stainless steel rounds & flats followed by heat treatment annealing furnace and bright bar unit. 

Operation of the plant starts from melting rolling, heat treatment, bright bars and fasteners as everything is in chain inoperation i.e.forward integration to produce fasteners, Bright bars and other products.

With more than 3 decades of operations, the Company is awarded by various certificates and ISO 9001:2015 and PED certificate also recognized with Two Star Export House by DGFT, India.

 Now, Mangalam Alloys Limited is coming out with its initial public offer (IPO). Proceeds of the Issue will be utilized to meet the following objects:

1) Working capital requirement;

2) Capital Expenditure for business expansion and research and Development;

3) General Corporate Purposes; and

4) To meet issue expenses.

Here are key details about the Mangalam Alloys Limited IPO

Company Name Mangalam Alloys Limited     Company Type Private
 IPO Type SME   Mangalam Alloys Limited IPO Opening Date 21 September 2023
Mangalam Alloys Limited IPO Closing Date 25 September 2023   Mangalam Alloys Limited  IPO Allotment Status 28 September 2023
Credit of Shares to the Demat Account 3 October 2023   Mangalam Alloys Limited IPO Listing Date 4 October 2023 
Mangalam Alloys Limited IPO Face Value ₹ 10 per share   Mangalam Alloys Limited IPO Lot Size 1600 shares
Mangalam Alloys Limited IPO Issue Size  ₹ 54.91  crore   Mangalam Alloys Limited IPO to be Listed on NSE SME
Mangalam Alloys Limited IPO Price band   ₹ 80 per share      

 

IPO analysis

Registrar information
Name
Skyline Financial Services Private Ltd
Phone number
02228511022
Email ID
ipo@skylinerta.com
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

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