Mangalam Worldwide Limited IPO (Mangalam Worldwide IPO) Detail

Jun 30, 2022 - Jul 4, 2022

Incorporated in 1995, Mangalam Worldwide Limited is engaged in the manufacturing of stainless steel (SS). The company manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel - scrap, ferro alloys, etc.

Mangalam Worldwide has two Plants, located at Halol (Unit I) and Changodar (Unit II). Unit I has an installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets and Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars.

The company's customers have spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh in different industry segments like food and dairy equipment, Utensils, oil and gas, aerospace and medical devices among others. Managalam Worldwide is also exporting the products to Brazil.

Competitive Strengths:

  • Prime Location of Manufacturing Units.
  • Scalable Business Model.
  • Long term relationship with Customers.
  • Cost effective production and timely fulfilment of orders.
  • Captive Consumption.

Mangalam Worldwide IPO Details

IPO Date Jun 30, 2022 to Jul 4, 2022
Listing Date Jul 11, 2022
Face Value ₹10 per share
Price ₹101 per share
Lot Size 1200 Shares
Total Issue Size6,493,200 shares
(aggregating up to ₹65.58 Cr)
Fresh Issue6,493,200 shares
(aggregating up to ₹65.58 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Mangalam Worldwide IPO Reservation

Other Shares Offered3,084,000 (50.00%)
Retail Shares Offered3,084,000 (50.00%)
Market Maker portion325,200 shares
Total Shares Offered6,168,000

Mangalam Worldwide IPO Tentative Timetable

Mangalam Worldwide IPO opens on Jun 30, 2022, and closes on Jul 4, 2022.

Event Tentative Date
Opening Date Jun 30, 2022
Closing Date Jul 4, 2022
Basis of Allotment Jul 7, 2022
Initiation of Refunds Jul 8, 2022
Credit of Shares to Demat Jul 11, 2022
Listing Date Jul 11, 2022
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Mangalam Worldwide IPO Lot Size

The Mangalam Worldwide IPO lot size is 1200 shares.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹121,200
Retail (Max) 1 1200 ₹121,200
HNI (Min) 2 2,400 ₹242,400
Lot Size Calculator

Mangalam Worldwide IPO Promoter Holding

Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal are the company promoters.

Pre Issue Share Holding 87.04%
Post Issue Share Holding 63.97%

Mangalam Worldwide IPO Subscription Status (Bidding Detail)

The Mangalam Worldwide IPO is subscribed 1.33 times on Jul 4, 2022 5:00:00 PM. The public issue subscribed 0.46 times in the retail category, times in the QIB category, and 2.20 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Company Financials

Mangalam Worldwide Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
Amount in ₹ Lakhs

Mangalam Worldwide IPO Review (May apply)

[Dilip Davda]  MWL has posted average performance with steady growth till FY21. Its super earnings in FY22 i.e. pre-IPO year raises eyebrows as well as the concern over sustainability. The surge in commodity prices may not last for long and will have a cascading impact on this companyโ€™s performance. Based on the super earnings of FY22, the IPO is priced greedily. Risk seekers/cash surplus investors may consider investment with a long term perspective. Read detail review...

Objects of the Issue

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To Meet Working Capital Requirements.

2. General Corporate Purpose.

3. To meet Public Issue Expenses.

Mangalam Worldwide IPO Prospectus

Mangalam Worldwide IPO Rating

Rating:Rated 3.8 stars
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Mangalam Worldwide IPO Listing Details

Listing Date Jul 11, 2022
BSE Script Code
NSE Symbol MWL
Final Issue Price ₹101 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Mangalam Worldwide Limited
102, Mangalam Corporate House,
42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura Ahmedabad, 380009
Phone: 79 6161 5000
Email: cs.mwpl@groupmangalam.com
Website: https://www.mangalamsaarloh.com/

Mangalam Worldwide IPO Registrar

Link Intime India Private Ltd

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

Mangalam Worldwide IPO Analysis

Mangalam Worldwide IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 1 0

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SME IPO Enquiry

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Mangalam Worldwide IPO FAQs

Mangalam Worldwide IPO is a SME IPO of 6,493,200 equity shares of the face value of ₹10 aggregating up to ₹65.58 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200 Shares.

The IPO opens on Jun 30, 2022, and closes on Jul 4, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Mangalam Worldwide IPO using UPI as a payment gateway. Zerodha customers can apply in Mangalam Worldwide IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Mangalam Worldwide IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Mangalam Worldwide IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Mangalam Worldwide IPO opens on Jun 30, 2022 and closes on Jul 4, 2022.

Mangalam Worldwide IPO lot size is 1200 Shares and the minimum order quantity is .

You can apply in Mangalam Worldwide 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 Worldwide IPO will be done on Jul 7, 2022, and the allotted shares will be credited to your demat account by Jul 11, 2022. Check the Mangalam Worldwide IPO allotment status.

The Mangalam Worldwide IPO listing date is on Jul 11, 2022.
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Mangalam Worldwide IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



37. Rajendra Kumar Gupta |   Link |Jul 11, 2022 10:21:43 PM
@Dinesh you hold/sell? I hold. Plz suggest hold/ sell tomorrow
37.1. Dinesh Singh |   Link |Jul 12, 2022 4:57:40 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
I sold yesterday at 103.50 after tepped listing.
Not much hope now.
37.2. Sanjay Mittal |   Link |Jul 20, 2022 11:36:24 AM
MWL - 116.75 - in upper circuit for the consecutive 2nd day.
36. Wishal |   Link |Jul 11, 2022 3:34:17 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Sold 1 lot at 102.55
35. Takamichi |   Link |Jul 11, 2022 11:06:38 AM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
Now a days davda sirs app may apply r listing on discount and all the avoids r going super speed....๐Ÿ˜…๐Ÿ˜…
34. Wishal |   Link |Jul 11, 2022 10:41:47 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
105 ke upar jayega ki nahi ?
34.1. Takamichi |   Link |Jul 11, 2022 10:55:22 AM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
Operator removed his support so hard for now
33. Takamichi |   Link |Jul 11, 2022 10:01:07 AM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
Full operator play is going....
32. Gaurav DD dimer |   Link |Jul 11, 2022 9:24:22 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Sellers looks in hurry.

Par Listing Possible with LC after that.
31. IPO Gyaaan |   Link |Jul 11, 2022 9:13:09 AM (200+ Posts)
Get ready of discount listing :(
31.1. Nitesh Jain |   Link |Jul 11, 2022 9:17:29 AM
Listing kitne me hua ??
30. Rajendra Kumar Gupta |   Link |Jul 10, 2022 8:13:40 PM
Any listing estimate?@lokes.dinesh ji
30.2. Earthking |   Link |Jul 11, 2022 9:50:35 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@Dinesh singh , please watch BoA in chittogarh page , then say this ... Ur view is applicable in Kesar India not in Mangalam
30.3. Dinesh Singh |   Link |Jul 11, 2022 10:22:46 AM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
please check the SHP as below.

29. IPO Gyaaan |   Link |Jul 9, 2022 9:56:37 AM (200+ Posts)
Listing on Monday as per NSE notification
28. Ravu |   Link |Jul 7, 2022 8:15:17 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Listing is on Monday (11/07) as per linkintime.
Shares got credited in demat a/c.

So fast !!!... May be listing also surprise positively .
28.2. KAPPO |   Link |Jul 7, 2022 11:32:58 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
@ ravu
History says it
28.3. Ravu |   Link |Jul 8, 2022 7:30:37 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Confirmed, Listing is on Monday itself.

27. Rajendra Kumar Gupta |   Link |Jul 7, 2022 6:52:04 PM
@dinesh ji kitne lot apply kiye the listing early tomorrow or Monday?
27.1. Dinesh Singh |   Link |Jul 7, 2022 8:07:55 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Applied 1 lot.
listing on Tuesday.
26. Wishal |   Link |Jul 7, 2022 7:38:58 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Dosto maal to sabko mila hai.. kya lag raha sabka mangal hoga ki nahi?
25. Rajendra Kumar Gupta |   Link |Jul 7, 2022 5:32:50 PM
Ab to bas magal (Tuesday) ko sab magal m ho
24. Rajendra Kumar Gupta |   Link |Jul 7, 2022 5:31:05 PM
@Dinesh yes and debit amount in bank
23. Dinesh Singh |   Link |Jul 7, 2022 5:28:22 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Allotment out on link Intime.
22. Dinesh Singh |   Link |Jul 7, 2022 5:15:05 PM
IPO Guru IPO Guru (1100+ Posts, 500+ Likes)
Allotment out on link Intime.
21. Avenue |   Link |Jul 4, 2022 8:44:36 PM
I have applied one retail UPI application each in Mangalam and Kesar. Will decide tomorrow.
It will not be accepting mandate but buying one lot in both of them. Gut feeling one of them will give good return, which one, don't know..
After seeing results of Goel Foods and Rachna, I am watching each sme ipo with greater respect.... :)
21.7. Takamichi |   Link |Jul 11, 2022 3:48:48 PM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
@kundan yup less than 10 precent of the share has changed hand and I think one big chunk of 2 lakh share has been puchased by the operator to maintain the price.... Just a guess.... Kck will reach above 30 and then there would be selling pressure .....hope it survives
21.8. Ravu |   Link |Jul 11, 2022 3:58:24 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I was expecting UC/strong buy after it came back from LC, but it didn't.
I sold it.
20. badluck |   Link |Jul 4, 2022 10:37:26 AM (200+ Posts)
@lokes ji what is ur veiws on the same
20.3. MehulStk |   Link |Jul 4, 2022 7:57:01 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@lokes sir are you gonna accept the mandate? its sub below 3X.
20.4. lokes |   Link |Jul 5, 2022 12:10:44 PM
IPO Guru IPO Guru (3800+ Posts, 4300+ Likes)
i didn't accepted....actually i forgot to accept, just now got reminded and now time is over....
it can go anywhere after listing....if less retailers so operators game may be there...
19. DEVBULL |   Link |Jul 5, 2022 11:51:10 AM (200+ Posts)
UPI Mandate just accepted for one retail application. Just gambling on Gujarat based company.
18. GJ ๐Ÿ˜€ |   Link |Jul 4, 2022 3:44:19 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Applied 3 retail applications via UPI mode, will take a decision later.
Probably won't accept more than 1 mandate.
18.4. GJ ๐Ÿ˜€ |   Link |Jul 5, 2022 12:38:58 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
What @Ravu mentioned is correct.

Technical definition is:
Next working day 11.59 AM.

In this case,
one can accept mandate till tomorrow, Tuesday, 05-Jul-2022, 11.59 AM.
18.5. GJ ๐Ÿ˜€ |   Link |Jul 5, 2022 11:43:02 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Not accepting a single mandate of Mangalam and Kesar.
Will be preferring SKP and may be Jayant