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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 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

IPO Date Nov 15, 2019 to Nov 20, 2019
Listing Date Wednesday, November 27, 2019
Face Value ₹10 per share
Price ₹51 per share
Lot Size 2000 Shares
Issue Size4,230,000 shares of ₹10
(aggregating up to ₹21.57 Cr)
Fresh Issue4,230,000 shares of ₹10
(aggregating up to ₹21.57 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The Promoter of the Company are:

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

Mangalam Global IPO Tentative Timetable

Mangalam Global IPO opens on Nov 15, 2019, and closes on Nov 20, 2019. The Mangalam Global IPO bid date is from Nov 15, 2019 10.00 A.M. to Nov 20, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 15, 2019
Closing Date Nov 20, 2019
Basis of Allotment Nov 25, 2019
Initiation of Refunds Nov 26, 2019
Credit of Shares to Demat Nov 27, 2019
Listing Date Nov 28, 2019

Mangalam Global IPO Lot Size

The Mangalam Global IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹102,000
Retail (Max) 1 2000 ₹102,000

Mangalam Global IPO Promoter Holding

Pre Issue Share Holding 96.38%
Post Issue Share Holding 70.99%

Mangalam Global IPO Review

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...


Mangalam Global IPO Subscription Status (Bidding Detail)

The Mangalam Global IPO is subscribed 1.28 times on Nov 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)

CategorySubscription (times)
NII2.09
Retail0.47
Total1.28

Mangalam Global IPO Prospectus

Mangalam Global IPO Rating

200
3.9
Rating:Rated 3.9 stars
Vote Here ...

Mangalam Global IPO Listing Date

Listing Date Wednesday, November 27, 2019
BSE Script Code
NSE Symbol MGEL
Listing In ST Group of Securities
ISIN INE0APB01016
IPO Price ₹51 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹51.00
₹53.00
₹51.50
₹55.65
₹51.50

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

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

Mangalam Global IPO Review

Mangalam Global IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Mangalam Global IPO FAQs

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 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 lot size is 2000 Shares and the minimum order quantity is .

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 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.

The Mangalam Global IPO listing date is on Wednesday, November 27, 2019.
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Mangalam Global IPO Message Board

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73 Comments

28. VinShah |   Link |Dec 30, 2019 7:29:17 PM
Sold 1 lot @54 @11 Dec..still above IPO price.. well done Mangalam..
27. Govindarajan |   Link |Nov 28, 2019 12:35:30 PM
I got email from NSE regarding allotment of shares. But till now it was not creditted to my debit account. Equity is trading live with out crediting to me. what I should do now
27.1. Small Investor |   Link |Nov 28, 2019 2:06:44 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
bhai ye stock yesterday hi list ho gya tha and high 55.65 but now trade 51.40
26. papon |   Link |Nov 27, 2019 4:45:44 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Sold @ 53, 1 lot. Profit Rs 4000/- approx
25. Small Investor |   Link |Nov 27, 2019 4:23:23 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Admin Why Basis of Allotment dos't Upload this ipo and others IPOs
pls give reply must
24. Small Investor |   Link |Nov 26, 2019 11:20:44 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Koi Ahamadabad se h yha ,if h to Mangalam Group k bare m koi janta h
agar is group ka Ahamadabad m name h to kuch listing gain mil sakta h
24.1. Rajkot Broker Association Arjun |   Link |Nov 26, 2019 11:42:22 PM
Minimal Chance of Gain
24.2. Small Investor |   Link |Nov 27, 2019 11:11:43 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Arjun Patel aapne is Group ka Name suna h Aapke Gujrat m
23. RAJAKUMAR |   Link |Nov 27, 2019 9:25:45 AM (1400+ Posts, 1200+ Likes)
Today listing
23.1. Small Investor |   Link |Nov 27, 2019 10:49:49 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Raja you sold your allotment
23.2. Small Investor |   Link |Nov 27, 2019 10:53:25 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
hit Upper circuit but now lower side
22. Rahul Wgl |   Link |Nov 26, 2019 2:59:42 PM
One lot got credited just now, applied for one actually, when would be the listing done.
21. VinShah |   Link |Nov 26, 2019 11:22:37 AM
Friends,When will happen listing of Mangalam Global??
20. Rahul Wgl |   Link |Nov 26, 2019 11:00:31 AM
How to check the allotment..
19. Small Investor |   Link |Nov 25, 2019 12:17:23 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
firm Allotment in RII Tomorrow
dear Dinesh You Apply in this ?
19.1. Dinesh Singh |   Link |Nov 25, 2019 5:32:33 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
Yes applied 1 lot.
18. RAJAKUMAR |   Link |Nov 19, 2019 2:52:59 PM (1400+ Posts, 1200+ Likes)
dear small
I am going to apply retail quota two forms. Firm allotment possible.
Listing on 28th Thursday
Money will be credited on Monday. Ujjivan Tuesday closing
18.2. Small Investor |   Link |Nov 20, 2019 3:48:56 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Raja You Apply in MGEL ?
18.3. RAJAKUMAR |   Link |Nov 21, 2019 10:09:37 AM (1400+ Posts, 1200+ Likes)
Dear Small
As i told i applied 3 retail form
17. Dinesh Singh |   Link |Nov 20, 2019 1:00:32 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
Do any one applying in this IPO?
17.5. Rahul Wgl |   Link |Nov 20, 2019 3:25:20 PM
What Price..?? suggest..
17.6. Rahul Wgl |   Link |Nov 20, 2019 4:36:38 PM
Got the answer friend, it was a FIXED PRICE bid right.. forgot actually..
16. Dinesh Singh |   Link |Nov 20, 2019 4:09:17 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
Those who have taken risk and applied will get some listing gain for sure mark my word.
16.1. Rahul Wgl |   Link |Nov 20, 2019 4:35:33 PM
Thank you bro, thought of opting out at the last minute after I applied, could not.
15. Small Investor |   Link |Nov 20, 2019 2:16:00 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Jo Stock Market m Satta khelta ho wo Apply kr sakte h but if apply then exit on listing day
NII sust ho gye
many bank's ASBA does't working for SME Platform
14. Small Investor |   Link |Nov 20, 2019 1:01:45 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Raja and Dinesh you are Apply in this Ipo ?
jb bhi Apply krne ki sochta hu Suich Ind yad Aa jati h
14.1. Dinesh Singh |   Link |Nov 20, 2019 1:35:29 PM
IPO Mentor IPO Mentor (1100+ Posts, 500 Likes)
Small you are correct.
I am skipping this issue.
13. manjushree |   Link |Nov 18, 2019 10:08:17 AM
hey guys i"m not able to see mangalam ipo in my icici direct...help me out .the same thing happened with anuroop also:(
13.7. Small Investor |   Link |Nov 19, 2019 1:39:35 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
@ Manjushree
Keep Awey from this type Ipo,kl se NII ki taraf se koi response nhi h
yad rkhna very high debt in this Co.
13.8. manjushree |   Link |Nov 19, 2019 3:20:35 PM
okok..thank you i"m new to stock market..:)
12. Small Investor |   Link |Nov 18, 2019 11:52:38 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
NII's Response is rocking now if NII 5X+ Then apply only for listing gain
12.1. RAJAKUMAR |   Link |Nov 19, 2019 3:08:32 PM (1400+ Posts, 1200+ Likes)
Issue will sail through. Nii will not cross two times.
11. RAJAKUMAR |   Link |Nov 19, 2019 2:49:54 PM (1400+ Posts, 1200+ Likes)
Dear Small
Ujjivan 10 Gmp
10. RAJAKUMAR |   Link |Nov 12, 2019 11:20:34 PM (1400+ Posts, 1200+ 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
10.9. papon |   Link |Nov 18, 2019 6:42:04 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
@raja, when will they filed the RHP. Any latest development
10.10. RAJAKUMAR |   Link |Nov 19, 2019 2:48:48 PM (1400+ Posts, 1200+ Likes)
Most probably coming friday
9. hchc |   Link |Nov 18, 2019 12:39:08 PM
Top Contributor Top Contributor (300+ Posts, 700+ Likes)
BOI is not showing this IPO in their ASBA list
9.1. Small Investor |   Link |Nov 18, 2019 2:08:32 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
yes,
last ipo Anooroop also do'st show in this bank's asba list