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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