Mangalam Alloys Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

21 Sep 2023

Close Date

25 Sep 2023

Allotment

02 Sep 2023

Listing Date

04 Oct 2023

Exchange

NSE SME

Price Band

₹80

Listing Price

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Allotment Status

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Price Band

₹80

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

68,64,000 shares (aggregating up to ₹54.91 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹128,000

1 lot

Pre-IPO Holding

1,85,59,527 shares

Promoters

Post-IPO Holding

2,46,85,927 shares

Promoters

P/E (Pre)

14.65x

P/E (Post)

19.46x

EPS (Pre)

₹5.46

UPI Deadline

2023-09-25

Mandate

Anchor AllotmentWed, 20 Sep 2023

Basis of AllotmentSat, 02 Sep 2023

Refund InitiationMon, 02 Oct 2023

Demat CreditTue, 03 Oct 2023

Listing DayWed, 04 Oct 2023

UPI Mandate Deadline2023-09-25

Sale TypeFresh Capital-cum-Offer for Sale

Net Offer to Public65,20,000 shares (aggregating up to ₹52.16 Cr)

Market Maker Quota3,44,000 shares (aggregating up to ₹2.75 Cr)

Fresh Issue Shares57,82,400 shares (aggregating up to ₹46.26 Cr)

Offer for Sale7,37,600 shares of ₹10 (aggregating up to ₹5.90 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Mangalam Alloys Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	344,000	—	₹2.75
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,864,000	100%	₹54.91

IPO Shares Offered

Mangalam Alloys Ltd IPO total issue size: ₹54.91 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	344,000	₹2.75	5.01%
Total	6,864,000	₹54.91	100.00%

* Based on upper price band ₹80 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹80.00

Upper Band

Min Investment

₹128,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹256,000
Retail (Max — 13 Lots)	13	20,800	₹1,664,000
S-HNI (Min — 14 Lots)	14	22,400	₹1,792,000
B-HNI (Min — 68 Lots)	68	108,800	₹8,704,000

* Issue Price ₹80 × Lot Size 1,600 shares

IPO Schedule

Anchor

20 Sep 2023

✓ Done

IPO Open

21 Sep 2023

✓ Done

IPO Close

25 Sep 2023

✓ Done

Allotment

02 Sep 2023

✓ Done

Refunds

02 Oct 2023

✓ Done

Demat Credit

03 Oct 2023

✓ Done

Listing Day

04 Oct 2023

✓ Done

₹80.00

INR · NSE

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Issue ₹80.00 Live Price

About Mangalam Alloys Ltd

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.

Objects of the Issue

Working capital requirement;

Capital Expenditure for business expansion and research and Development;

General Corporate Purposes; and

Mangalam Alloys Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹27,190.7

31 Mar 2021

₹30,973.9

31 Mar 2022

₹30,817.9

31 Mar 2023

Profit After Tax (PAT)

-₹653.7

31 Mar 2021

₹505.1

31 Mar 2022

₹1,013.5

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	30817.92	30973.94	27190.68
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1013.52	505.08	-653.69
Net Worth	7903.11	6895.35	6390.37
Total Assets	33201.81	30066.96	31210.81
Reserves & Surplus	6047.16	5039.40	4534.42
Borrowings	15353.27	16361.81	16769.66
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

12.82

RoCE

20.92

RoNW

13.70%

Debt/Equity

1.94

Issue Structure & Shareholding

Total Shares Offered68,64,000 (100.00%)

Net Offer to Public65,20,000 shares (aggregating up to ₹52.16 Cr)

Reserved for Market Maker3,44,000 shares (aggregating up to ₹2.75 Cr)

Pre-Issue Promoter Holding1,85,59,527 shares

Post-Issue Promoter Holding2,46,85,927 shares

P/BV RatioN/A

RoE12.82

RoCE20.92

Debt / Equity1.94

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Expert Global Consultants Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Mangalam Alloys Ltd IPO subscribed? ▲

Mangalam Alloys Ltd IPO is subscribed 1.00 times by Sep 25, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Mangalam Alloys Ltd IPO retail subscription status? ▼

The Mangalam Alloys Ltd IPO retail category is subscribed 1.00 times as of 25 Sep 2023. The retail portion is oversubscribed.

How to subscribe Mangalam Alloys Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 21 Sep 2023 and closes 25 Sep 2023. Min investment: ₹128,000 (1 lot = 1,600 shares). UPI mandate: 2023-09-25.

How many times Mangalam Alloys Ltd IPO subscribed? ▼

The Mangalam Alloys Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Mangalam Alloys Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Sep 2023. Refunds: on 02 Oct 2023.

When Mangalam Alloys Ltd IPO will be listed? ▼

The Mangalam Alloys Ltd IPO listing date is 04 Oct 2023, Wednesday. Listed on: NSE SME. Issue price: ₹80. Estimated listing: ₹80. GMP: NIL.

When Mangalam Alloys Ltd IPO close? ▼

The Mangalam Alloys Ltd IPO closes on 25 Sep 2023, Monday. UPI mandate: 2023-09-25. Allotment: 02 Sep 2023. Listing: 04 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹80.00

Change—

Issue Price₹80.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹80

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹128,000

GMPNIL

Est. Listing₹80

Subscribed1.00x

Open Date21 Sep 2023

Close Date25 Sep 2023

Allotment02 Sep 2023

Listing Date04 Oct 2023

ExchangeNSE SME

UPI Deadline2023-09-25