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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 ₹101.00 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). The minimum lot size investment for 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 Date | June 30, 2022 to July 4, 2022 |
| Listing Date | July 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,93,200 shares (aggregating up to ₹65.58 Cr) |
| Reserved for Market Maker | 3,25,200 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹3.28 Cr) |
| Net Offered to Public | 61,68,000 shares (aggregating up to ₹62.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,80,07,474 shares |
| Share Holding Post Issue | 2,45,00,674 shares |
Mangalam Worldwide IPO offers total 64,93,200 shares. Out of which 30,84,000 (47.50%) allocated to NII, 30,84,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,25,200 (5.01%) |
| NII (HNI) Shares Offered | 30,84,000 (47.50%) |
| Retail Shares Offered | 30,84,000 (47.50%) |
| Total Shares Offered | 64,93,200 (100.00%) |
Mangalam Worldwide IPO opens on June 30, 2022, and closes on July 4, 2022.
| IPO Open Date | Thu, Jun 30, 2022 |
| IPO Close Date | Mon, Jul 4, 2022 |
| Tentative Allotment | Thu, Jul 7, 2022 |
| Initiation of Refunds | Fri, Jul 8, 2022 |
| Credit of Shares to Demat | Mon, Jul 11, 2022 |
| Tentative Listing Date | Mon, Jul 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 4, 2022 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,21,200 |
| Retail (Max) | 1 | 1,200 | ₹1,21,200 |
| HNI (Min) | 2 | 2,400 | ₹2,42,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-21 | 4740.15 | 30332.31 | 265.47 | 1270.44 |
| 31-Mar-22 | 12265.02 | 53347.96 | 1230.98 | 2746.82 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Mangalam Worldwide IPO is ₹247.46 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 20.12 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements.
2. General Corporate Purpose.
3. To meet Public Issue Expenses.
[Dilip Davda] MWL has posted average performance with steady growth till FY21. Its super earnings in FY22 i.e. pre-IPO year raises eyebrows as well as the concern over sustainability. The surge in commodity prices may not last for long and will have a cascading impact on this company’s performance. Based on the super earnings of FY22, the IPO is priced greedily. Risk seekers/cash surplus investors may consider investment with a long term perspective. Read detail review...
| Listing Date | July 11, 2022 |
| BSE Script Code | |
| NSE Symbol | MWL |
| ISIN | INE0JYY01011 |
| Final Issue Price | ₹101 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹102.00 |
| Low | ₹96.90 |
| High | ₹104.95 |
| Last Trade | ₹102.55 |
Mangalam Worldwide Ltd.
102, Mangalam Corporate House,
42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura
Ahmedabad, Gujarat, 380009
Phone: 79 6161 5000
Email: cs.mwpl@groupmangalam.com
Website: https://www.mangalamsaarloh.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 Worldwide IPO is a SME IPO of 64,93,200 equity shares of the face value of ₹10 aggregating up to ₹65.58 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200.
The IPO opens on June 30, 2022, and closes on July 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 June 30, 2022 and closes on July 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 Monday, July 11, 2022. Check the Mangalam Worldwide IPO allotment status.
The Mangalam Worldwide IPO listing date is on Monday, July 11, 2022.
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