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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 Subscription Status (Bidding Detail)

Mangalam Global IPO how much subscribed?

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

Mangalam Global IPO Prospectus

Mangalam Global IPO Rating

200
3.9
Rating:Rated 3.9 stars

Vote Here ...

Mangalam Global IPO Listing Date

Listing DateWednesday, November 27, 2019
BSE Script Code
NSE SymbolMGEL
Listing InST
ISININE0APB01016
Issue Price₹51 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
NSE SME
Issue Price:₹51.00
Open:₹53.00
Low:₹51.50
High:₹55.65
Last Trade:₹51.50
Volume:140,000

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 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.

  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 on Wednesday, November 27, 2019, at NSE SME.
  6. 6. What is the lot size of Mangalam Global IPO?

    Mangalam Global IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

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Mangalam Global IPO Review / Comments

VinShah
28. VinShah  Dec 30, 2019 19:29 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Sold 1 lot @54 @11 Dec..still above IPO price.. well done Mangalam..
Govindarajan
27. Govindarajan  Nov 28, 2019 12:35 I Like It. | I Don't Like It. | Report Abuse Reply
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
Small Investor
27.1. Small Investor  Nov 28, 2019 14:06 I Like It. 1 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
bhai ye stock yesterday hi list ho gya tha and high 55.65 but now trade 51.40
papon
26. papon  Nov 27, 2019 16:45 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Sold @ 53, 1 lot. Profit Rs 4000/- approx
Small Investor
25. Small Investor  Nov 27, 2019 16:23 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Dear Admin Why Basis of Allotment dos't Upload this ipo and others IPOs
pls give reply must
Small Investor
24. Small Investor  Nov 26, 2019 11:20 I Like It. 2 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 600+ 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
Rajkot Broker Association Arjun
24.1. Rajkot Broker Association Arjun  Nov 26, 2019 23:42 I Like It. | I Don't Like It. | Report Abuse
Minimal Chance of Gain
Small Investor
24.2. Small Investor  Nov 27, 2019 11:11 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Dear Arjun Patel aapne is Group ka Name suna h Aapke Gujrat m
RAJAKUMAR
23. RAJAKUMAR  Nov 27, 2019 09:25 I Like It. 2 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
Today listing
Small Investor
23.1. Small Investor  Nov 27, 2019 10:49 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Raja you sold your allotment
Small Investor
23.2. Small Investor  Nov 27, 2019 10:53 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
hit Upper circuit but now lower side
Rahul Wgl
22. Rahul Wgl  Nov 26, 2019 14:59 I Like It. | I Don't Like It. | Report Abuse Reply
One lot got credited just now, applied for one actually, when would be the listing done.
VinShah
21. VinShah  Nov 26, 2019 11:22 I Like It. | I Don't Like It. | Report Abuse Reply
Friends,When will happen listing of Mangalam Global??
Rahul Wgl
20. Rahul Wgl  Nov 26, 2019 11:00 I Like It. 1 | I Don't Like It. | Report Abuse Reply
How to check the allotment..
Small Investor
19. Small Investor  Nov 25, 2019 12:17 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
firm Allotment in RII Tomorrow
dear Dinesh You Apply in this ?
Dinesh Singh
19.1. Dinesh Singh  Nov 25, 2019 17:32 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Yes applied 1 lot.
RAJAKUMAR
18. RAJAKUMAR  Nov 19, 2019 14:52 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 800+ 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
Small Investor
18.2. Small Investor  Nov 20, 2019 15:48 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Raja You Apply in MGEL ?
RAJAKUMAR
18.3. RAJAKUMAR  Nov 21, 2019 10:09 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
Dear Small
As i told i applied 3 retail form
Dinesh Singh
17. Dinesh Singh  Nov 20, 2019 13:00 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Do any one applying in this IPO?
Rahul Wgl
17.5. Rahul Wgl  Nov 20, 2019 15:25 I Like It. | I Don't Like It. | Report Abuse
What Price..?? suggest..
Rahul Wgl
17.6. Rahul Wgl  Nov 20, 2019 16:36 I Like It. | I Don't Like It. | Report Abuse
Got the answer friend, it was a FIXED PRICE bid right.. forgot actually..
Dinesh Singh
16. Dinesh Singh  Nov 20, 2019 16:09 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Those who have taken risk and applied will get some listing gain for sure mark my word.
Rahul Wgl
16.1. Rahul Wgl  Nov 20, 2019 16:35 I Like It. | I Don't Like It. | Report Abuse
Thank you bro, thought of opting out at the last minute after I applied, could not.
Small Investor
15. Small Investor  Nov 20, 2019 14:16 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 600+ 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
Small Investor
14. Small Investor  Nov 20, 2019 13:01 I Like It. | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
Dear Raja and Dinesh you are Apply in this Ipo ?
jb bhi Apply krne ki sochta hu Suich Ind yad Aa jati h
Dinesh Singh
14.1. Dinesh Singh  Nov 20, 2019 13:35 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Small you are correct.
I am skipping this issue.
manjushree
13. manjushree  Nov 18, 2019 10:08 I Like It. | I Don't Like It. | Report Abuse Reply
hey guys i"m not able to see mangalam ipo in my icici direct...help me out .the same thing happened with anuroop also:(
Small Investor
13.7. Small Investor  Nov 19, 2019 13:39 I Like It. 1 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 600+ 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.
manjushree
13.8. manjushree  Nov 19, 2019 15:20 I Like It. | I Don't Like It. | Report Abuse
okok..thank you i"m new to stock market..:)
Small Investor
12. Small Investor  Nov 18, 2019 11:52 I Like It. 3 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
NII's Response is rocking now if NII 5X+ Then apply only for listing gain
RAJAKUMAR
12.1. RAJAKUMAR  Nov 19, 2019 15:08 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
Issue will sail through. Nii will not cross two times.
RAJAKUMAR
11. RAJAKUMAR  Nov 19, 2019 14:49 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
Dear Small
Ujjivan 10 Gmp
RAJAKUMAR
10. RAJAKUMAR  Nov 12, 2019 23:20 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1300+ Posts, 800+ 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
papon
10.9. papon  Nov 18, 2019 06:42 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@raja, when will they filed the RHP. Any latest development
RAJAKUMAR
10.10. RAJAKUMAR  Nov 19, 2019 14:48 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1300+ Posts, 800+ Likes)
Most probably coming friday
hchc
9. hchc  Nov 18, 2019 12:39 I Like It. | I Don't Like It. | Report Abuse Reply
BOI is not showing this IPO in their ASBA list
Small Investor
9.1. Small Investor  Nov 18, 2019 14:08 I Like It. 1 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1200+ Posts, 600+ Likes)
yes,
last ipo Anooroop also do'st show in this bank's asba list



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