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.
The Promoter of the Company are:
1. Vipin Prakash Mangal
2. Chanakya Prakash Mangal
3. Chandragupt Prakash Mangal
| 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 | |
The objects of the Offer are:
1. Funding the working capital requirements of the Company;
2. General corporate purposes.
| IPO Date | Nov 15, 2019 - Nov 20, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 4,230,000 Eq Shares of ₹10 (aggregating up to ₹21.57 Cr) |
| Fresh Issue | 4,230,000 Eq Shares of ₹10 (aggregating up to ₹21.57 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹51 Per Equity Share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Bid/Offer Opens On | Nov 15, 2019 |
| Bid/Offer Closes On | Nov 20, 2019 |
| Finalisation of Basis of Allotment | Nov 25, 2019 |
| Initiation of Refunds | Nov 26, 2019 |
| Credit of Shares to Demat Acct | Nov 27, 2019 |
| IPO Shares Listing Date | Nov 28, 2019 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102,000 |
| Maximum | 1 | 2000 | ₹102,000 |
| Pre Issue Share Holding | 96.38% |
| Post Issue Share Holding | 70.99% |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 2,009,000 | 2,009,000 | 4,018,000 |
Nov 20, 2019 18:00 | 2.09x | 0.47x | 1.28x |
| Listing Date | Wednesday, November 27, 2019 |
| BSE Script Code | |
| NSE Symbol | MGEL |
| Listing In | ST |
| ISIN | INE0APB01016 |
| IPO Price | ₹51 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
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
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 is a SME IPO 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.
The Mangalam Global IPO opens on Nov 15, 2019 and closes on Nov 20, 2019.
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.
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.
Mangalam Global IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
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