Mangalam Worldwide Limited IPO (Mangalam Worldwide IPO) Details
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.
- Prime Location of Manufacturing Units.
- Scalable Business Model.
- Long term relationship with Customers.
- Cost effective production and timely fulfilment of orders.
- Captive Consumption.
|Period Ended||Total Assets||Total Revenue||Profit After Tax|
|Amount in ₹ Lakhs|
Objects of the Issue
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.
Mangalam Worldwide IPO Details
|Mangalam Worldwide IPO Date||Jun 30, 2022 to Jul 4, 2022|
|Mangalam Worldwide IPO Face Value||₹10 per share|
|Mangalam Worldwide IPO Price||₹101 per share|
|Mangalam Worldwide IPO Lot Size||1200 Shares|
|Issue Size||6,493,200 shares of ₹10|
(aggregating up to ₹65.58 Cr)
|Fresh Issue||6,493,200 shares of ₹10|
(aggregating up to ₹65.58 Cr)
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE SME|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Company Promoters||Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal are the company promoters.|
Mangalam Worldwide IPO Timeline (Tentative Timetable)
Mangalam Worldwide IPO opens on Jun 30, 2022, and closes on Jul 4, 2022. The Mangalam Worldwide IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
|Mangalam Worldwide IPO Opening Date||Jun 30, 2022|
|Mangalam Worldwide IPO Closing Date||Jul 4, 2022|
|Basis of Allotment||Jul 7, 2022|
|Initiation of Refunds||Jul 8, 2022|
|Credit of Shares to Demat||Jul 11, 2022|
|Mangalam Worldwide IPO Listing Date||Jul 12, 2022|
Mangalam Worldwide IPO Lot Size
The Mangalam Worldwide IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121,200).
Mangalam Worldwide IPO Promoter Holding
|Pre Issue Share Holding||87.04%|
|Post Issue Share Holding||63.97%|
Mangalam Worldwide IPO Review
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.