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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 Opening Date | Nov 15, 2019 |
| IPO Closing Date | Nov 20, 2019 |
| Issue Type | Fixed Price Issue IPO |
| 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 |
| 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) |
The Mangalam Global IPO open date is Nov 15, 2019, and the close date is Nov 20, 2019. The issue may list on Nov 28, 2019.
| IPO Open Date | Nov 15, 2019 |
| IPO Close Date | Nov 20, 2019 |
| Basis of Allotment Date | Nov 25, 2019 |
| Initiation of Refunds | Nov 26, 2019 |
| Credit of Shares to Demat Account | Nov 27, 2019 |
| IPO Listing Date | Nov 28, 2019 |
The Mangalam Global IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹102,000 |
| Maximum | 1 | 2000 | ₹102,000 |
| Pre Issue Share Holding | 96.38% |
| Post Issue Share Holding | 70.99% |
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 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)
| Category | Subscription (times) |
|---|---|
| NII | 2.09 |
| Retail | 0.47 |
| Total | 1.28 |
| Listing Date | Wednesday, November 27, 2019 |
| BSE Script Code | |
| NSE Symbol | MGEL |
| Listing In | ST Group of Securities |
| ISIN | INE0APB01016 |
| IPO Price | ₹51 per equity share |
| Face Value | ₹10 per equity share |
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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/
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 equity 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 2000 Shares.
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, Edelweiss, 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.
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