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Let’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

Mangalam Worldwide IPOTheir 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:


    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
    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
    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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      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
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