Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Mangalam Global IPO is a fixed price issue of Rs 21.57 crores. The issue is entirely a fresh issue of 42.3 lakh shares.
Mangalam Global IPO bidding started from November 15, 2019 and ended on November 20, 2019. The allotment for Mangalam Global IPO was finalized on Monday, November 25, 2019. The shares got listed on NSE SME on November 27, 2019.
Mangalam Global IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Mangalam Global IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Mangalam Global IPO RHP for detailed information.
| IPO Date | November 15, 2019 to November 20, 2019 |
| Listing Date | November 27, 2019 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,230,000 shares (aggregating up to ₹21.57 Cr) |
| Fresh Issue | 4,230,000 shares (aggregating up to ₹21.57 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 212,000 shares |
Mangalam Global IPO offers 4,230,000 shares. 2,009,000 (47.49%) to NII, 2,009,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 212,000 (5.01%) |
| Other Shares Offered | 2,009,000 (47.49%) |
| Retail Shares Offered | 2,009,000 (47.49%) |
| Total Shares Offered | 4,230,000 (100%) |
Mangalam Global IPO opens on November 15, 2019, and closes on November 20, 2019.
| IPO Open Date | Friday, November 15, 2019 |
| IPO Close Date | Wednesday, November 20, 2019 |
| Basis of Allotment | Monday, November 25, 2019 |
| Initiation of Refunds | Tuesday, November 26, 2019 |
| Credit of Shares to Demat | Wednesday, November 27, 2019 |
| Listing Date | Wednesday, November 27, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 20, 2019 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
The Promoter of the Company are:
1. Vipin Prakash Mangal
2. Chanakya Prakash Mangal
3. Chandragupt Prakash Mangal
| Share Holding Pre Issue | 96.38% |
| Share Holding Post Issue | 70.99% |
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.
| 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.
[Dilip Davda] MGEL has nothing to do with any currently listed company with Mangalam in its name. MGEL business model is seasonal and carrying a risk of natural calamities. It carries higher inventory in relation to its total current assets that is worrisome. Following super earnings in pre-IPO and IPO year, the issue appears fully priced. Sustainability of such performance raises concern. Considering all these, cash surplus risk savvy investors may consider investment at their own risks. Read detail review...
The Mangalam Global IPO is subscribed 1.28 times on November 20, 2019 6:00:00 PM. The public issue subscribed 0.47 times in the retail category, times in the QIB category, and 2.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.09 |
| Retail | 0.47 |
| Total | 1.28 |
| Listing Date | November 27, 2019 |
| BSE Script Code | |
| NSE Symbol | MGEL |
| ISIN | INE0APB01016 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹51.00 |
| ₹53.00 |
| ₹51.50 |
| ₹55.65 |
| ₹51.50 |
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
Phone: +91-22-4918 6270
Email: mangalam.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
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 is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on November 15, 2019, and closes on November 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 November 15, 2019 and closes on November 20, 2019.
Mangalam Global IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Mangalam Global IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mangalam Global IPO will be done on Monday, November 25, 2019, and the allotted shares will be credited to your demat account by Wednesday, November 27, 2019. Check the Mangalam Global IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (2000+ Posts, 1000+ Likes)
IPO Mentor (500+ Posts, 500+ Likes)
Top Contributor (300+ Posts, 900+ Likes)
