Fixed Price IPO | ₹66 Cr | Listed at NSE SME | Thu, Jun 30, 2022 - Mon, Jul 4, 2022
Mangalam Worldwide IPO is a fixed price issue of ₹65.58 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹65.58 crore.
Mangalam Worldwide IPO bidding started from Jun 30, 2022 and ended on Jul 4, 2022. The allotment for Mangalam Worldwide IPO was finalized on Jul 7, 2022. The shares got listed on NSE SME on Jul 11, 2022.
Mangalam Worldwide IPO price is ₹101 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,21,200 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,42,400.
Beeline Broking 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 Sunflower Broking Pvt.Ltd..
Refer to Mangalam Worldwide IPO RHP for detailed Information.
IPO Open
Thu, Jun 30, 2022
IPO Close
Mon, Jul 4, 2022
Issue Price
₹101 per share
Market Cap (Pre-IPO)
₹247.46 Cr
| IPO Date | 30 Jun to 4 Jul, 2022 |
| Listed on | Mon, Jul 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,93,200 shares (agg. up to ₹66 Cr) |
| Reserved for Market Maker | 3,25,200 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 61,68,000 shares (agg. up to ₹62 Cr) |
| Net Offered to Public | 61,68,000 shares (agg. up to ₹62 Cr) |
| Share Holding Pre Issue | 1,80,07,474 shares |
| Share Holding Post Issue | 2,45,00,674 shares |
| NSE Symbol | MWL |
| ISIN | INE0JYY01011 |
Mangalam Worldwide IPO comprises a total issue size of 64,93,200 shares. The net offer to the public is 61,68,000 shares, after excluding 3,25,200 shares allotted on a firm basis. Of the Net offer 30,84,000 (50.00%) allocated to NII 30,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,84,000 | 50.00% | 47.50% |
| Retail Shares Offered | 30,84,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,25,200 | 5.01% | |
| Total Shares Offered | 64,93,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,21,200 |
| Retail (Max) | 1 | 1,200 | ₹1,21,200 |
| HNI (Min) | 2 | 2,400 | ₹2,42,400 |
Incorporated in 1995, Mangalam Worldwide Limited is engaged in the manufacturing of stainless steel (SS). The company manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel - scrap, ferro alloys, etc.
Mangalam Worldwide has two Plants, located at Halol (Unit I) and Changodar (Unit II). Unit I has an installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets and Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars.
The company's customers have spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh in different industry segments like food and dairy equipment, Utensils, oil and gas, aerospace and medical devices among others. Managalam Worldwide is also exporting the products to Brazil.
Competitive Strengths:
| Period Ended | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|
| Assets | 122.65 | 47.40 |
| Total Income | 533.48 | 303.32 |
| Profit After Tax | 12.31 | 2.65 |
| Reserves and Surplus | 27.47 | 12.70 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 52.00 |
| 2 | General Corporate Purpose | 13.00 |
| KPI | |
|---|---|
| ROE | 27 |
| ROCE | 27.92 |
| Debt/Equity | 1.03 |
| RoNW | 27.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.20 | |
| P/E (x) | 20.12 | |
| Promoter Holding | 87.04% | 63.97% |
| Market Cap | ₹247.46 Cr. |
The Mangalam Worldwide IPO is subscribed 1.33 times on July 4, 2022 5:00:00 PM (Day 3). The public issue subscribed 0.46 times in the retail category, [.] times in the QIB category, and 2.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.2 | 30,84,000 | 67,82,400 |
| Retail | 0.46 | 30,84,000 | 14,22,000 |
| Total | 1.33 | 61,68,000 | 82,04,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.05 |
| 2 | Fees for Advisor to the Issue | 0.15 |
| 3 | Fees for Legal Advisor to the Issue | 0.01 |
| 4 | Fees Payable to Registrar to the Issue | 0.01 |
| 5 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.24 |
| 6 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.06 |
| 7 | Fees payable to Peer Review Auditor | 0.04 |
| 8 | Fees Payable to Market Maker (for One Year) | 0.03 |
| 9 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹102.00 |
| Low | ₹96.90 |
| High | ₹104.95 |
| Last Trade | ₹102.55 |
Lead Manager Reports
Mangalam Worldwide IPO is a SME IPO of 64,93,200 equity shares of the face value of ₹10 aggregating up to ₹66 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Jun 30, 2022, and closes on Mon, Jul 4, 2022.
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 Worldwide IPO using UPI as a payment gateway. Zerodha customers can apply in Mangalam Worldwide IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mangalam Worldwide IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mangalam Worldwide IPO opens on Thu, Jun 30, 2022 and closes on Mon, Jul 4, 2022.
Mangalam Worldwide IPO lot size is 1200, and the minimum amount required for application is ₹1,21,200.
You can apply in Mangalam Worldwide 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 Worldwide IPO will be done on Thursday, July 7, 2022, and the allotted shares will be credited to your demat account by Mon, Jul 11, 2022. Check the Mangalam Worldwide IPO allotment status.
The Mangalam Worldwide IPO listing date is on Mon, Jul 11, 2022.
