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

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)

Mangalam Global IPO Tentative Timetable

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

Mangalam Global IPO Lot Size

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

Mangalam Global IPO Promoter Holding

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

Mangalam Global IPO Subscription Status (Bidding Detail)

The Mangalam Global IPO is subscribed 1.28x times on Nov 20, 2019 18:00. The public issue subscribed 0.47x in the retail category, in the QIB category, and 2.09x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	2.09x
RII	0.47x
Total	1.28x

Mangalam Global IPO Prospectus

› Mangalam Global IPO DRHP
› Mangalam Global IPO RHP

Mangalam Global IPO Rating

200

3.9

Rating:

Vote Here ...

Mangalam Global IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

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

Mangalam Global IPO Reviews / Ratings

Dilip Davda - Other

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 Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Mangalam Global IPO FAQs

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 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.
When Mangalam Global IPO will open?

The Mangalam Global IPO opens on Nov 15, 2019 and closes on Nov 20, 2019.
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.
How to apply for Mangalam Global IPO?

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.
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.
When is Mangalam Global IPO listing date?

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

Mangalam Global IPO Message Board

Ranked Members

28. VinShah |Dec 30, 2019 19:29

Sold 1 lot @54 @11 Dec..still above IPO price.. well done Mangalam..

27. Govindarajan |Nov 28, 2019 12:35

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 |Nov 28, 2019 14:06

IPO Guru (1400+ Posts, 700+ Likes)

bhai ye stock yesterday hi list ho gya tha and high 55.65 but now trade 51.40

26. papon |Nov 27, 2019 16:45

Top Contributor (300+ Posts, 300+ Likes)

Sold @ 53, 1 lot. Profit Rs 4000/- approx

25. Small Investor |Nov 27, 2019 16:23

IPO Guru (1400+ Posts, 700+ Likes)

Dear Admin Why Basis of Allotment dos't Upload this ipo and others IPOs
pls give reply must

24. Small Investor |Nov 26, 2019 11:20

IPO Guru (1400+ Posts, 700+ 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 |Nov 26, 2019 23:42

Minimal Chance of Gain

24.2. Small Investor |Nov 27, 2019 11:11

IPO Guru (1400+ Posts, 700+ Likes)

Dear Arjun Patel aapne is Group ka Name suna h Aapke Gujrat m

23. RAJAKUMAR |Nov 27, 2019 09:25

IPO Guru (1400+ Posts, 1000+ Likes)

Today listing

23.1. Small Investor |Nov 27, 2019 10:49

IPO Guru (1400+ Posts, 700+ Likes)

Raja you sold your allotment

23.2. Small Investor |Nov 27, 2019 10:53

IPO Guru (1400+ Posts, 700+ Likes)

hit Upper circuit but now lower side

22. Rahul Wgl |Nov 26, 2019 14:59

One lot got credited just now, applied for one actually, when would be the listing done.

21. VinShah |Nov 26, 2019 11:22

Friends,When will happen listing of Mangalam Global??

20. Rahul Wgl |Nov 26, 2019 11:00

How to check the allotment..

19. Small Investor |Nov 25, 2019 12:17

IPO Guru (1400+ Posts, 700+ Likes)

firm Allotment in RII Tomorrow
dear Dinesh You Apply in this ?

19.1. Dinesh Singh |Nov 25, 2019 17:32

Top Contributor (300+ Posts, 100+ Likes)

Yes applied 1 lot.

18. RAJAKUMAR |Nov 19, 2019 14:52

IPO Guru (1400+ Posts, 1000+ 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

Load more comments (1 replies)

18.2. Small Investor |Nov 20, 2019 15:48

IPO Guru (1400+ Posts, 700+ Likes)

Raja You Apply in MGEL ?

18.3. RAJAKUMAR |Nov 21, 2019 10:09

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
As i told i applied 3 retail form

17. Dinesh Singh |Nov 20, 2019 13:00

Top Contributor (300+ Posts, 100+ Likes)

Do any one applying in this IPO?

Load more comments (4 replies)

17.5. Rahul Wgl |Nov 20, 2019 15:25

What Price..?? suggest..

17.6. Rahul Wgl |Nov 20, 2019 16:36

Got the answer friend, it was a FIXED PRICE bid right.. forgot actually..

16. Dinesh Singh |Nov 20, 2019 16:09

Top Contributor (300+ Posts, 100+ Likes)

Those who have taken risk and applied will get some listing gain for sure mark my word.

16.1. Rahul Wgl |Nov 20, 2019 16:35

Thank you bro, thought of opting out at the last minute after I applied, could not.

15. Small Investor |Nov 20, 2019 14:16

IPO Guru (1400+ Posts, 700+ 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 |Nov 20, 2019 13:01

IPO Guru (1400+ Posts, 700+ 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 |Nov 20, 2019 13:35

Top Contributor (300+ Posts, 100+ Likes)

Small you are correct.
I am skipping this issue.

13. manjushree |Nov 18, 2019 10:08

hey guys i"m not able to see mangalam ipo in my icici direct...help me out .the same thing happened with anuroop also:(

Load more comments (6 replies)

13.7. Small Investor |Nov 19, 2019 13:39

IPO Guru (1400+ Posts, 700+ 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 |Nov 19, 2019 15:20

okok..thank you i"m new to stock market..:)

12. Small Investor |Nov 18, 2019 11:52

IPO Guru (1400+ Posts, 700+ Likes)

NII's Response is rocking now if NII 5X+ Then apply only for listing gain

12.1. RAJAKUMAR |Nov 19, 2019 15:08

IPO Guru (1400+ Posts, 1000+ Likes)

Issue will sail through. Nii will not cross two times.

11. RAJAKUMAR |Nov 19, 2019 14:49

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small
Ujjivan 10 Gmp

10. RAJAKUMAR |Nov 12, 2019 23:20

IPO Guru (1400+ Posts, 1000+ 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

Load more comments (8 replies)