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Mangalam Worldwide Limited IPO (Mangalam Worldwide IPO) Detail

June 30, 2022 - July 4, 2022

Mangalam Worldwide IPO is a fixed price issue of Rs 65.58 crores. The issue is entirely a fresh issue of 64.93 lakh shares.

Mangalam Worldwide IPO bidding started from June 30, 2022 and ended on July 4, 2022. The allotment for Mangalam Worldwide IPO was finalized on Thursday, July 7, 2022. The shares got listed on NSE SME on July 11, 2022.

Mangalam Worldwide IPO price is ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.

Beeline Broking Ltd is the book running lead manager of the Mangalam Worldwide IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Mangalam Worldwide IPO RHP for detailed information.

Mangalam Worldwide IPO Details

IPO Date June 30, 2022 to July 4, 2022
Listing Date July 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
Market Maker portion325,200 shares

Mangalam Worldwide IPO Reservation

Mangalam Worldwide IPO offers 6,493,200 shares. 3,084,000 (47.50%) to NII, 3,084,000 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered325,200 (5.01%)
Other Shares Offered3,084,000 (47.50%)
Retail Shares Offered3,084,000 (47.50%)
Total Shares Offered6,493,200 (100%)

Mangalam Worldwide IPO Timeline (Tentative Schedule)

Mangalam Worldwide IPO opens on June 30, 2022, and closes on July 4, 2022.

IPO Open Date Thursday, June 30, 2022
IPO Close Date Monday, July 4, 2022
Basis of Allotment Thursday, July 7, 2022
Initiation of Refunds Friday, July 8, 2022
Credit of Shares to Demat Monday, July 11, 2022
Listing Date Monday, July 11, 2022
Cut-off time for UPI mandate confirmation 5 PM on July 4, 2022

Mangalam Worldwide IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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.

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

About Mangalam Worldwide Limited

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.

Company Financials

Mangalam Worldwide Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-214740.1530332.31265.471270.44
31-Mar-2212265.0253347.961230.982746.82
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Mangalam Worldwide IPO is Rs 247.46 Cr.

Pre IPO Post IPO
P/E (x) 20.12

Objects of the Issue (Mangalam Worldwide IPO Objectives)

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 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 company’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...


Mangalam Worldwide IPO Subscription Status (Bidding Detail)

The Mangalam Worldwide IPO is subscribed 1.33 times on July 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)
Other2.20
Retail0.46
Total1.33

Mangalam Worldwide IPO Prospectus

Mangalam Worldwide IPO Rating

115
3.8
Rating:Rated 3.8 stars
Vote Here ...

Mangalam Worldwide IPO Listing Details

Listing Date July 11, 2022
BSE Script Code
NSE Symbol MWL
ISIN INE0JYY01011
Final Issue Price ₹101 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹101.00
₹102.00
₹96.90
₹104.95
₹102.55

Check IPO Performance…

Mangalam Worldwide Limited Contact Details

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/initial_offer/public-issues.html

Mangalam Worldwide IPO - Buy or Not

Mangalam Worldwide IPO Recommendation Summary

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

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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 June 30, 2022, and closes on July 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 June 30, 2022 and closes on July 4, 2022.

Mangalam Worldwide IPO lot size is 1200 Shares, and the minimum amount required is ₹121,200.

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 Thursday, July 7, 2022, and the allotted shares will be credited to your demat account by Monday, July 11, 2022. Check the Mangalam Worldwide IPO allotment status.

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

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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70 Comments

37. Rajendra Kumar Gupta |   Link |  Bookmark |July 11, 2022 10:21:43 PM
@Dinesh you hold/sell? I hold. Plz suggest hold/ sell tomorrow
37.1. Dinesh Singh |   Link |  Bookmark |July 12, 2022 4:57:40 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
I sold yesterday at 103.50 after tepped listing.
Not much hope now.
37.2. Sanjay Mittal |   Link |  Bookmark |July 20, 2022 11:36:24 AM
MWL - 116.75 - in upper circuit for the consecutive 2nd day.
36. Wishal |   Link |  Bookmark |July 11, 2022 3:34:17 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Sold 1 lot at 102.55
35. Takamichi |   Link |  Bookmark |July 11, 2022 11:06:38 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Now a days davda sirs app may apply r listing on discount and all the avoids r going super speed....😅😅
34. Wishal |   Link |  Bookmark |July 11, 2022 10:41:47 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
105 ke upar jayega ki nahi ?
34.1. Takamichi |   Link |  Bookmark |July 11, 2022 10:55:22 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Operator removed his support so hard for now
33. Takamichi |   Link |  Bookmark |July 11, 2022 10:01:07 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Full operator play is going....
32. Gaurav DD dimer |   Link |  Bookmark |July 11, 2022 9:24:22 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Sellers looks in hurry.

Par Listing Possible with LC after that.
31. IPO Gyaaan |   Link |  Bookmark |July 11, 2022 9:13:09 AM (200+ Posts)
Get ready of discount listing :(
31.1. Nitesh Jain |   Link |  Bookmark |July 11, 2022 9:17:29 AM
Listing kitne me hua ??
30. Rajendra Kumar Gupta |   Link |  Bookmark |July 10, 2022 8:13:40 PM
Any listing estimate?@lokes.dinesh ji
30.2. Earthking |   Link |  Bookmark |July 11, 2022 9:50:35 AM
IPO Mentor IPO Mentor (1000+ Posts, 400+ 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 |  Bookmark |July 11, 2022 10:22:46 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
@Earthking,
please check the SHP as below.

29. IPO Gyaaan |   Link |  Bookmark |July 9, 2022 9:56:37 AM (200+ Posts)
Listing on Monday as per NSE notification
https://www.nseindia.com/market-data/new-stock-exchange-listings-forthcoming
28. Ravu |   Link |  Bookmark |July 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 |  Bookmark |July 7, 2022 11:32:58 PM
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
@ ravu
Yes
History says it
28.3. Ravu |   Link |  Bookmark |July 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 |  Bookmark |July 7, 2022 6:52:04 PM
@dinesh ji kitne lot apply kiye the listing early tomorrow or Monday?
27.1. Dinesh Singh |   Link |  Bookmark |July 7, 2022 8:07:55 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Applied 1 lot.
listing on Tuesday.
26. Wishal |   Link |  Bookmark |July 7, 2022 7:38:58 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Dosto maal to sabko mila hai.. kya lag raha sabka mangal hoga ki nahi?
25. Rajendra Kumar Gupta |   Link |  Bookmark |July 7, 2022 5:32:50 PM
Ab to bas magal (Tuesday) ko sab magal m ho
24. Rajendra Kumar Gupta |   Link |  Bookmark |July 7, 2022 5:31:05 PM
@Dinesh yes and debit amount in bank
23. Dinesh Singh |   Link |  Bookmark |July 7, 2022 5:28:22 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Allotment out on link Intime.
22. Dinesh Singh |   Link |  Bookmark |July 7, 2022 5:15:05 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Allotment out on link Intime.
21. Avenue |   Link |  Bookmark |July 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 |  Bookmark |July 11, 2022 3:48:48 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ 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 |  Bookmark |July 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 |  Bookmark |July 4, 2022 10:37:26 AM (200+ Posts)
@lokes ji what is ur veiws on the same
20.3. MehulStk |   Link |  Bookmark |July 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 |  Bookmark |July 5, 2022 12:10:44 PM
IPO Guru IPO Guru (4300+ Posts, 5100+ 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 |  Bookmark |July 5, 2022 11:51:10 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
UPI Mandate just accepted for one retail application. Just gambling on Gujarat based company.
18. GJ 😀 |   Link |  Bookmark |July 4, 2022 3:44:19 PM
IPO Mentor IPO Mentor (1600+ 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 😀 |   Link |  Bookmark |July 5, 2022 12:38:58 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
@MehulStk
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 😀 |   Link |  Bookmark |July 5, 2022 11:43:02 AM
IPO Mentor IPO Mentor (1600+ Posts, 400+ Likes)
Not accepting a single mandate of Mangalam and Kesar.
Will be preferring SKP and may be Jayant