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Mangalam Global Enterprise IPO is a fixed price issue of ₹21.57 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹21.57 crore.
Mangalam Global Enterprise IPO bidding started from Nov 15, 2019 and ended on Nov 20, 2019. The allotment for Mangalam Global Enterprise IPO was finalized on Nov 25, 2019. The shares got listed on NSE SME on Nov 27, 2019.
Mangalam Global Enterprise IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Mangalam Global Enterprise IPO RHP for detailed Information.
| IPO Date | November 15, 2019 to November 20, 2019 |
| Listing Date | November 27, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,30,000 shares (aggregating up to ₹21.57 Cr) |
| Reserved for Market Maker | 2,12,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.08 Cr) |
| Net Offered to Public | 40,18,000 shares (aggregating up to ₹20.49 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,18,27,410 shares |
| Share Holding Post Issue | 1,60,57,410 shares |
Mangalam Global IPO offers total 42,30,000 shares. Out of which 20,08,000 (47.47%) allocated to NII, 20,10,000 (47.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,12,000 (5.01%) |
| NII (HNI) Shares Offered | 20,08,000 (47.47%) |
| Retail Shares Offered | 20,10,000 (47.52%) |
| Total Shares Offered | 42,30,000 (100.00%) |
Mangalam Global Enterprise IPO opens on November 15, 2019, and closes on November 20, 2019.
| IPO Open Date | Fri, Nov 15, 2019 |
| IPO Close Date | Wed, Nov 20, 2019 |
| Tentative Allotment | Mon, Nov 25, 2019 |
| Initiation of Refunds | Tue, Nov 26, 2019 |
| Credit of Shares to Demat | Wed, Nov 27, 2019 |
| Tentative Listing Date | Wed, Nov 27, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 20, 2019 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Mangalam Global Enterprise Limited is set up by Ahmedabad based Mangalam group. It is mainly engaged in the business of manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for domestic and international markets. Castor oil mainly used in Lubricants, Paints, Sealants, Pharmaceuticals, Inks Cable Insulators, Textiles, and Rubber industries.
Apart from this, it also manufactures Delineate Cotton Seeds and Cotton Bales (Lint Cotton). Mangalam Global also involved in the trading business of Raw Cotton and Castor Seeds.
Company's one cotton processing unit is located at Harij, Gujarat and two castor processing units located at Harji and Palanpur. Both the units have a capacity of producing 220 MT Castor De-Oiled Cake per day and 225 MT Castor Refined Oil (F.S.G.) per day. They supply their products in states such as Gujrat, Maharashtra, Rajasthan, Delhi, and West Bengal. Also, the company exports products in countries like Thailand and Oman.
Farpoint Enterprise LLP (Farpoint) and Hindprakash Castor Derivatives Private Limited (HCDPL) are the two subsidiaries of Mangalam Global with 51% stake.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Jun-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 12,126.96 | 7,158.37 | 934.75 | 698.19 | |
| Total Revenue | 14,649.93 | 38,995.21 | 2,689.83 | 268.71 | |
| Profit After Tax | 99.60 | 244.95 | 25.89 | 9.41 | |
The Company Mangalam Global Enterprise IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company | 17.00 |
| 2 | General Corporate Purposes | 4.10 |
[Dilip Davda] MGEL has nothing to do with any currently listed company with Mangalam in its name. MGEL business model is seasonal and carrying a risk of natural calamities. It carries higher inventory in relation to its total current assets that is worrisome. Following super earnings in pre-IPO and IPO year, the issue appears fully priced. Sustainability of such performance raises concern. Considering all these, cash surplus risk savvy investors may consider investment at their own risks. Read detail review...
| Listing Date | November 27, 2019 |
| BSE Script Code | |
| NSE Symbol | MGEL |
| ISIN | INE0APB01016 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹53.00 |
| Low | ₹51.50 |
| High | ₹55.65 |
| Last Trade | ₹51.50 |
Mangalam Global Enterprise Ltd.
Mangalam Corporate House,
19 / B, Kalyan Society,
Near M G Int School, Mithakhali,
Ahmedabad, Gujarat, 380006
Phone: +91-9099978946
Email: info@groupmangalam.com
Website: http://www.groupmangalam.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: mangalam.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Mangalam Global Enterprise IPO is a SME IPO of 42,30,000 equity shares of the face value of ₹10 aggregating up to ₹21.57 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on November 15, 2019, and closes on November 20, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Mangalam Global Enterprise IPO using UPI as a payment gateway. Zerodha customers can apply in Mangalam Global Enterprise IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mangalam Global Enterprise IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mangalam Global Enterprise IPO opens on November 15, 2019 and closes on November 20, 2019.
Mangalam Global Enterprise IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Mangalam Global Enterprise IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mangalam Global Enterprise IPO will be done on Monday, November 25, 2019, and the allotted shares will be credited to your demat account by Wednesday, November 27, 2019. Check the Mangalam Global Enterprise IPO allotment status.
The Mangalam Global Enterprise IPO listing date is on Wednesday, November 27, 2019.
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