Mangalam Worldwide IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 18, 2022Let’s have a detailed review of the company and analytics of the Mangalam Worldwide IPO release date, IPO offer price, subscription, Mangalam Worldwide Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 101 |
| Listing At | NSE, SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Jul 12, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 6558 Lakhs |
| IPO Size | Rs 6558 Lakhs |
| Tick Size | 1 |
Mangalam Worldwide IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Mangalam Worldwide IPO – Summary
Their Company was originally incorporated on December 11, 1995 as ‘Temchem Exports Private Limited’, as a private limited company, under the provisions of the Companies Act, 1956.
Thereafter, the name of their Company was changed to ‘Hindprakash Exim Private Limited’ and received fresh Certificate of Incorporation dated April 30, 2007 from Registrar of Companies, Gujarat, Dadra and Nagar Haveli.
Later on, the name of the Company was changed to ‘Mangalam Worldwide Private Limited’ and received fresh Certificate of incorporation dated October 13, 2014 issued by Assistant Registrar of Companies, Registrar of Companies, Ahmedabad. Later on, consequent upon the conversion of their Company into public limited company, the name of their Company was changed to “Mangalam Worldwide Limited” and fresh Certificate of Incorporation dated March 16, 2022 was issued by Registrar of Companies, Ahmedabad. The Corporate Identification Number of their Company is U27100GJ1995PLC028381.
Mangalam Worldwide IPO Date
The opening and the closing date of Mangalam Worldwide IPO are Jun 30, 2022 and Jul 4, 2022 Respectively.
Mangalam Worldwide IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 0.44x | 0.05x | 0.25x |
| 2nd Day – 1st Jul | 1.28x | 0.13x | 0.70x |
| 3rd Day – 4th Jul | 2.20x | 0.46x | 1.33x |
| Shares Offered or Net Issue | 3,084,000 | 3,084,000 | 6,168,000 |
The shares subscribed by the public will be updated here.
Mangalam Worldwide IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Mangalam Worldwide Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 7, 2022 |
| Refunds Initiation | Jul 8, 2022 |
| Credit of Shares to Demat Account | Jul 11, 2022 |
| Share Listing Date | Jul 12, 2022 |
Mangalam Worldwide IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.101.
Mangalam Worldwide IPO Equity Size
This Initial Public Issue of 6,493,200 Equity Shares of Rs.10 each for cash at a price of Rs.101 per equity share aggregating to Rs.6558 Lakhs.
Mangalam Worldwide IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,493,200 Equity Shares of Rs.10/ each.
Issue Size: 6,493,200 Equity Shares of Rs.10 each, aggregating to Rs.6558 Lakhs
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Mangalam Worldwide IPO – Live Performance
The listing date of this IPO is Jul 12, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Mangalam Worldwide Share Price |
Mangalam Worldwide IPO Grey Market Premium
The Mangalam Worldwide Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Mangalam Worldwide IPO – Company Overview
Their Company is mainly engaged in manufacturing of Stainless Steel (SS) Billets and rolling of SS Flat Bars with their fully integrated infrastructure consisting of steel melting shops, rolling mills and finishing machines at their plants located at Halol (Unit-I) and Changodar (Unit-II), Gujarat.
Their company also does the manufacturing of Stainless Steel (SS) Billets on job work basis. To cater the demand of customers for SS Round bars and SS Bright bars, they get manufacturing of such products on job work basis from third party manufacturers. Their company is also engaged in trading of steel – scrap, ferro alloys, etc.
Mangalam Worldwide IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||
| 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 12265.02 | 4740.15 |
| Total Revenue | 53347.96 | 30332.31 |
| Total Expense | 51,495.05 | 29,974.97 |
| Profit After Tax | 1230.98 | 265.47 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 9.20 | 131.86 |
Further, their PAT for the period ended on March 31, 2022, March 31, 2021 were Rs.1230.98 Lakhs, Rs.265.47 Lakhs respectively.
Mangalam Worldwide IPO – Promoters
The Promoter of this company is:
- MR. VIPIN PRAKASH MANGAL
- MR. CHANAKYA PRAKASH MANGAL
- MR. CHANDRAGUPT PRAKASH MANGAL
List of Related Parties (Key Managerial Personnel)
- Mr. Vipin Prakash Mangal, Chairman
- Mr. Chanakya Prakash Mangal, Managing Director
- Mr. Chandragupt Prakash Mangal, Managing Director
- Mr. Anilkumar Shyamlal Agrawal, Independent Director
- Mrs. Pritu Gupta, Independent Director
- Mrs. Sarika Modi, Non-Executive Director
Mangalam Worldwide IPO – Promoters Holding
- Pre Issue Share Holding – 87.04%
- Pos Issue Share Holding – 63.97%
Mangalam Worldwide IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6493200 Equity Shares aggregating up to Rs.6558.13 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 325200 Equity Shares aggregating up to Rs.328.45 Lakhs |
| Net Issue to the Public | Up to 6168000 Equity Shares aggregating up to Rs.6229.68 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 3084000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3084000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 18007474 Equity Shares |
| Equity Shares outstanding after the Issue | 24500674 Equity Shares |
Mangalam Worldwide IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To Meet Working Capital Requirements
2. General Corporate Purpose
3. To meet Public Issue Expenses
Mangalam Worldwide IPO – Business Strategy
- Optimal Utilization of Resources
- Quality Assurance
- Expand their Current Business Operations
Mangalam Worldwide IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Prime Location of their Factory (Manufacturing Units)
- Scalable Business Model
- Long term relationship with Customers
- Cost effective production and timely fulfilment of orders
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2.14 | 27.07 | 25.25 |
| 31-Mar-21 | 9.20 | 20.57 | – |
Mangalam Worldwide IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Mangalam Worldwide Limited | 10 | 10.98 | 9.20 | 27.06 | 52,302.96 |
| Listed Peers | |||||
| Shah Alloys Limited | 10 | 1.84 | 41.47 | 375.44 | 88,008.00 |
| India Steel Works Limited | 1 | – | – | – | 14,385.76 |
Mangalam Worldwide IPO Lead Managers
| Lead Managers |
| BEELINE BROKING LIMITED SEBI Registration Number: INM000012546 Address: 701-702, A Wing, Samudra Complex, 7th Floor Off. C.G. Road, Nr. Girish Cold Drinks, Navrangpura Ahmedabad-380009, Gujarat. Telephone Number: +91 79 6666 4040 Email Id: pcs@beelinebroking.com Investors Grievance Id: connect@beelinebroking.com Website: www.beelinebroking.com Contact Person: Mr. Pradip Ramprasad Sandhir CIN: U51900GJ2014PLC080598 |
Mangalam Worldwide IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra Tel. Number: +91 22 4918 6200, Fax- 022 – 4918 6060 Email Id: mangalam.ipo@linkintime.co.in Investors Grievance Id: mangalam.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Ms. Shanti Goapalkrishnan CIN: U67190MH1999PTC118368 |
Mangalam Worldwide IPO – Other Details
- Statutory Auditor – Keyur Shah& Co
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – ICICI Bank Limited
Mangalam Worldwide IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Mangalam Worldwide Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Mangalam Worldwide IPO Review FAQs
Check out various FAQs related to Mangalam Worldwide IPO:
What is the Issue Size of Mangalam Worldwide IPO?
The Company is making an initial public offer of 6,493,200 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Mangalam Worldwide IPO?
The price band for this particular IPO ranges between Rs.101. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Mangalam IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 30, 2022, while the closing date is set at Jul 4, 2022.
What is the Mangalam Worldwide IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 7, 2022, refund initiation is on Jul 8, 2022, credit of shares is on Jul 11, 2022, and share listing date is on Jul 12, 2022.
What is the Mangalam Worldwide IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 12, 2022. The date, when the listing would be done, is stagnant on Jul 12, 2022.
Who is the Registrar of Mangalam Worldwide IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Mangalam IPO?
Here are the promoters of this IPO – MR. VIPIN PRAKASH MANGAL, MR. CHANAKYA PRAKASH MANGAL AND MR. CHANDRAGUPT PRAKASH MANGAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Mangalam Worldwide IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Mangalam IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Mangalam Worldwide Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakhs is 1230.98, 2021 is 265.47.
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