Incorporated on August 1, 1988, Mangalam Alloys Limited manufactures stainless steel products, including round bars, ingots, bright bars, different sections or profiles like hex, square, angle, etc. The company has a unique integrated stainless steel, special steel and higher alloys steel melting and further processing unit. Their manufacturing unit is of about 40,000 square metres with an installed capacity of 25,000 TPA (Tonnes Per Annum).
Mangalam Alloys has been honoured with several certificates, including ISO 9001:2015 and PED certification, and has also received recognition as a Two-Star Export House by DGFT, India. The company has a head office and a factory in Chhatral, GIDC, Gujarat.
Mangalam Alloys Limited IPO IPO Details
Mangalam Alloys Limited IPO Dates
Mangalam Alloys’ IPO will open on September 21, 2023, and close on September 25, 2023. The IPO will be listed on the NSE exchange on October 4, 2023.
Mangalam Alloys Limited IPO Price Band
Mangalam Alloys is a fresh IPO and Offer for Sale worth up to ₹54.91 crore. The issue comprises 68,64,000 equity shares and is priced at ₹80 per share.
Mangalam Alloys Limited IPO Lot Size
Mangalam Alloys’ IPO lot size is 1,600 shares, and retail investors need to apply for a minimum of 1 lot, which is ₹1,28,000.
Mangalam Alloys Limited IPO Objectives
The objectives of Mangalam Alloys Limited's IPO are listed below:
- To fund the capital expenditure for business expansion, research and development.
- To fund the working capital requirement of the company.
- To meet general corporate purposes.
- To fund the issue-related expenses.
Peer Details
The listed companies in India that are involved in a similar business to that of Mangalam Alloys are Ratnamani Metal & Tubes, Arfin India, Panchmahal Steel and India Steel Works.
How To Check the Mangalam Alloys Limited Allotment Status?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
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Open a demat account with Angel One to apply for the Mangalam Alloys Limited IPO.
Contact Details of Mangalam Alloys Limited IPO
- Registered office: Plot No. 3123-3126, GIDC Phase III, Chhatral Dist. Gandhinagar, Gujarat - 382729, India.
- Phone: +91-2764 232064/232025
- E-mail: cs@mangalamalloys.com
Mangalam Alloys Company Financials
| Particulars | Period ending on March 31, 2023 | Period ending on March 31, 2022 |
|---|---|---|
| Revenue from operations | 30,292.25 | 30,936.90 |
| Profit After Tax | 1,013.52 | 505.08 |
| Net Worth | 7,903.11 | 6,895.35 |
| Earnings Per Share | 5.46 | 2.72 |
| Total Borrowings | 15,353.27 | 16,361.81 |
Know before investing
Strengths
4The company's profit after tax grew drastically from ₹-653.69 lakh on March 31, 2021, to ₹1,013.52 lakh on March 31, 2023.
The company has a strong management team with domain knowledge to scale up and expand into new opportunities.
The company focuses highly on quality.
The company has a wide portfolio of products to address the needs of various customers across the industry.
Risks
4The company is not in an agreement with the raw material suppliers. Any disruption in raw material supplies can adversely impact the company's operation.
As of March 31, 2023, the top 10 suppliers of the company contributed about 71.54% of total purchases. If the suppliers do not deliver the raw materials on time, it can affect the operation of the company.
The company must obey the strict health and safety regulations.
