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Mangalam Alloys Limited

Mangalam Alloys Limited

listed
₹1.28LMin. investment

Mangalam Alloys Limited IPO Details

Price range₹80.00 – ₹80.00
IPO type
SME
Lot size1600 shares
Issue size₹54.91Cr
RHP/DRHP
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Mangalam Alloys Limited Timeline

  1. Bid start
    21 Sep 2023
  2. Bid end
    25 Sep 2023
  3. Allotment
    23 Sep 2023
  4. Release of funds
    29 Sep 2023
  5. Demat transfer
    28 Sep 2023
  6. Listing
    4 Oct 2023

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 NameMangalam Alloys Limited   Company TypePrivate
IPO TypeSME

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Mangalam Alloys Limited Contact Details

Company NameMangalam Alloys Limited

How to apply for Mangalam Alloys Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Mangalam Alloys IPO FAQs