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Mangalam Global Enterprise Limited IPO (Mangalam Global IPO) Detail

Nov 15, 2019 - Nov 20, 2019

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.

Competitive Strengths

  • Consistent quality output
  • Diversified business model
  • Domestic and global presence
  • Strong customer base

Company Promoters:

The Promoter of the Company are:

1. Vipin Prakash Mangal
2. Chanakya Prakash Mangal
3. Chandragupt Prakash Mangal

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

The objects of the Offer are:

1. Funding the working capital requirements of the Company;
2. General corporate purposes.

Mangalam Global IPO Details

Issue OpenNov 15, 2019 - Nov 20, 2019
Issue TypeFixed Price Issue IPO
Issue Size4,230,000 Eq Shares of ₹10
(aggregating up to ₹21.57 Cr)
Fresh Issue4,230,000 Eq Shares of ₹10
(aggregating up to ₹21.57 Cr)
Face Value₹10 Per Equity Share
Issue Price₹51 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME

Mangalam Global IPO Tentative Date / Timetable

Bid/Offer Opens OnNov 15, 2019
Bid/Offer Closes OnNov 20, 2019
Finalisation of Basis of AllotmentNov 25, 2019
Initiation of RefundsNov 26, 2019
Credit of Shares to Demat AcctNov 27, 2019
IPO Shares Listing DateNov 28, 2019

Mangalam Global IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹102,000
Maximum12000₹102,000

Mangalam Global IPO Promoter Holding

Pre Issue Share Holding96.38%
Post Issue Share Holding70.99%

Mangalam Global IPO Prospectus

Mangalam Global IPO Rating

136
4.0
Rating:Rated 4.0 stars

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Mangalam Global IPO Reviews / Ratings

Company Contact Information

Mangalam Global Enterprise Limited
Mangalam Corporate House,
19 / B, Kalyan Society,
Near M G Int School, Mithakhali, Ahmedabad,

Phone: +91-9099978946
Email: info@groupmangalam.com
Website: http://www.groupmangalam.com

Mangalam Global IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: mangalam.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Mangalam Global IPO FAQs

  1. 1. What is Mangalam Global IPO?

    Mangalam Global IPO is an SME initial public offering of 4,230,000 equity shares of the face value of ₹10 aggregating up to ₹21.57 Crores.

    The issue price of the IPO is ₹51 Per Equity Share. The minimum order quantity is 2000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Nov 15, 2019 and closes on Nov 20, 2019.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

  2. 2. When Mangalam Global IPO will open?

    The Mangalam Global IPO opens on Nov 15, 2019 and closes on Nov 20, 2019.

  3. 3. How to apply for Mangalam Global IPO?

    Mangalam Global IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Mangalam Global IPO allotment?

    The finalization of Basis of Allotment for Mangalam Global IPO will be done on Nov 25, 2019, and the allotted shares will be credited to your demat account by Nov 27, 2019. Check the Mangalam Global IPO allotment status.

  5. 5. When is Mangalam Global IPO listing date?

    The Mangalam Global IPO listing date is not yet announced. The tentative date of Mangalam Global IPO listing is Nov 28, 2019.

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Mangalam Global IPO Review / Comments

RAJAKUMAR
6. RAJAKUMAR  Nov 12, 2019 22:20 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Be ready with 12 lakh for Ujjivan. If price is reasonable and grey activities in full swing means then we consider for shareholder quota two lakh in each form
AhireR
6.6. AhireR  Nov 14, 2019 06:30 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@vinod
Yes you can apply as shareholder as well as RII for same person.
Athar
6.7. Athar  Nov 14, 2019 08:03 I Like It. | Report Abuse
What for 12 lakhs? Will shareholders apply for more than two lakhs Mr Raj Kumar
RAJAKUMAR
5. RAJAKUMAR  Nov 12, 2019 22:22 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Pre ipo price is done between 35 to 37. Shareholder will get discount of Rs 1 or 2.
Dhanesh K
5.1. Dhanesh K  Nov 13, 2019 09:57 I Like It. | Report Abuse
Hi Sir,
I am new to Ivesting and IPOs, my first one being IRCTC purchase, making me excited in IPOs. Do you know how to apply fro Pre IPO offers?
RAJAKUMAR
4. RAJAKUMAR  Nov 11, 2019 23:08 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Clashes with Ujjivan. If we apply Mangalam we can not apply Ujjivan.
RAJAKUMAR
4.3. RAJAKUMAR  Nov 12, 2019 22:14 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Athar
If you applied Mangalam means this amount will not be used for Ujjivan. Because Ujjivan may open on 26th
Athar
4.4. Athar  Nov 13, 2019 07:56 I Like It. | Report Abuse
OK thanks Mr Raj Kumar
RAJAKUMAR
3. RAJAKUMAR  Nov 12, 2019 22:17 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Fundamentally clearly avoid. Only positive thing is Pantamoth. There are three companie lined up for Pantamoth as LM. So it will also list at par or little premium.
RAJAKUMAR
2. RAJAKUMAR  Nov 9, 2019 09:37 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Costly.Debt is more than two times of asset.
Only positive thing is Pantmoth
Small Investor
2.1. Small Investor  Nov 9, 2019 10:56 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Mangal sirname or Lagnam Spintex ?
Debt is also worry
Small Investor
2.2. Small Investor  Nov 9, 2019 10:57 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
APL is best
Nikhil kakkad
1. Nikhil kakkad  Nov 9, 2019 10:23 I Like It. 1 | Report Abuse Reply
Now a days pantomath not trustworthy . See last 3 to 4 ipos..gensol list @premium..but now @par....par drugs , suich industries, All are failed to maintain above ipo price...better to invest in gretex ipo at least not list in discount like suich industries..



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