Fixed Price IPO | ₹22 Cr | Listed at NSE SME | Fri, Nov 15, 2019 - Wed, Nov 20, 2019
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Nov 15, 2019
IPO Close
Wed, Nov 20, 2019
Issue Price
₹51 per share
Market Cap (Pre-IPO)
₹81.89 Cr
| IPO Date | 15 to 20 Nov, 2019 |
| Listed on | Wed, Nov 27, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 42,30,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 2,12,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 40,18,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 40,18,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 1,18,27,410 shares |
| Share Holding Post Issue | 1,60,57,410 shares |
| NSE Symbol | MGEL |
| ISIN | INE0APB01016 |
Mangalam Global Enterprise IPO comprises a total issue size of 42,30,000 shares. The net offer to the public is 40,18,000 shares, after excluding 2,12,000 shares allotted on a firm basis. Of the Net offer 20,08,000 (49.98%) allocated to NII 20,10,000 (50.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 20,08,000 | 49.98% | 47.47% |
| Retail Shares Offered | 20,10,000 | 50.02% | 47.52% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,12,000 | 5.01% | |
| Total Shares Offered | 42,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of our Company | 17.00 |
| 2 | General Corporate Purposes | 4.10 |
The Mangalam Global IPO is subscribed 1.28 times on November 20, 2019 6:00:00 PM (Day 4). The public issue subscribed 0.47 times in the retail category, [.] times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.09 | 20,09,000 | 41,94,000 |
| Retail | 0.47 | 20,09,000 | 9,52,000 |
| Total | 1.28 | 40,18,000 | 51,46,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Lead Manager (including Underwriting commission, Legal advisors, RTA, printing & stationary and other marketing expenses) | 0.38 |
| 2 | Fees payable to the Regulators including stock exchanges | 0.04 |
| 3 | Brokerage and selling commission payable to Intermediaries | 0.04 |
| 4 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Registered Brokers and submitted with the SCSBs | 0.00 |
| 6 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Registered Brokers, RTAs or the CDPs and submitted to them4 | 0.00 |
| 7 | Others (bankers to the Issue, auditor‘s fees etc.) | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹53.00 |
| Low | ₹51.50 |
| High | ₹55.65 |
| Last Trade | ₹51.50 |
Lead Manager Reports
Mangalam Global Enterprise IPO is a SME IPO of 42,30,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Nov 15, 2019, and closes on Wed, Nov 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 Fri, Nov 15, 2019 and closes on Wed, Nov 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 Wed, Nov 27, 2019. Check the Mangalam Global Enterprise IPO allotment status.
The Mangalam Global Enterprise IPO listing date is on Wed, Nov 27, 2019.
