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Open
21 Sep 2023
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Close
25 Sep 2023
3
Allotment
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Listing
Wed, Oct 4, 2023
Price Band
₹80 per share
Issue Size
68,64,000 shares (agg. up to ₹55 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Oct 4, 2023
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.37x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 332.02 | 300.67 | 312.11 |
| Total Income | 308.18 | 309.74 | 271.91 |
| Profit After Tax | 10.14 | 5.05 | -6.54 |
| NET Worth | 79.03 | 68.95 | 63.90 |
| Reserves and Surplus | 60.47 | 50.39 | 45.34 |
| Total Borrowing | 153.53 | 163.62 | 167.70 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Cosmic CRF Ltd. | SME | ₹57.21 Cr | ₹314 | 35.64 | ₹238.65 | -24.00% | ₹1,441.80 (+2.89%) |
| Krishca Strapping Solutions Ltd. | SME | ₹17.93 Cr | ₹54 | 3.43 | ₹112.90 | +109.07% | ₹171.60 (-1.89%) |
| De Neers Tools Ltd. | SME | ₹22.99 Cr | ₹101 | null | ₹180.50 | +78.71% | ₹196.45 (+0.74%) |
| Pattech Fitwell Tube Components Ltd. | SME | ₹12.00 Cr | ₹50 | 46.73 | ₹57.75 | +15.50% | ₹114.85 (-1.71%) |
| Maiden Forgings Ltd. | SME | ₹23.84 Cr | ₹63 | 8.38 | ₹59.86 | -4.98% | ₹90.50 (+1.17%) |
| Quality Foils (India) Ltd. | SME | ₹4.52 Cr | ₹60 | 4.16 | ₹97.70 | +62.83% | ₹60.00 (-1.40%) |
| Earthstahl & Alloys Ltd. | SME | ₹12.96 Cr | ₹40 | 4.22 | ₹57.75 | +44.38% | ₹14.92 (+0.00%) |
| Swastik Pipe Ltd. | SME | ₹62.52 Cr | ₹100 | 11.38 | ₹69.30 | -30.70% | ₹17.10 (+4.91%) |
| Ratnaveer Precision Engineering Ltd. | Mainboard | ₹165.03 Cr | ₹98 | null | ₹129.35 | +31.99% | ₹175.53 (+0.03%) |
| Aeroflex Industries Ltd. | Mainboard | ₹351.00 Cr | ₹108 | 40.91 | ₹163.25 | +51.16% | ₹410.85 (-2.26%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital requirement; | 27.00 |
| 2 | Capital Expenditure for business expansion and research and Development; | 5.33 |
| 3 | General Corporate Purposes; and | 12.25 |
About Mangalam Alloys IPO
Incorporated in 1988, Mangalam Alloys Limited is a manufacturer of stainless-steel-based products. The company manufactures SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners in more than 30 international grades and in the size range from 3 mm to 400 mm. Mangalam Alloys manufactures stainless steel ingots through three furnaces by melting stainless steel scrap, rolling ingots to stainless steel rounds & flats followed by a heat treatment annealing furnace and bright bar unit. Its manufacturing unit spread across 40,000 sq. meters of land, has an installed capacity of 25,000 TPA (Melting Capacity). The company recorded Rs. 30,292.25 Lacs, Rs. 30,936.90 Lacs, and Rs. 27,125.88 Lacs in revenue from operation in fiscal 2023, 2022, and 2021 respectively.+ Read More
Contact Details
Mangalam Alloys Ltd. AddressPlot No.3123-3126GIDC Phase IIIChhatralGandhinagar, Gujarat, 382729+91-2764 232064cs@mangalamalloys.comVisit Website