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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.

Company Financials

Mangalam Worldwide Limited Financial Information (Restated)
Period EndedTotal AssetsTotal Revenue Profit After Tax
31-Mar-214740.1530332.31265.47
31-Mar-2212265.0253347.961230.98
Amount in ₹ Lakhs

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 Details

Mangalam Worldwide IPO Date Jun 30, 2022 to Jul 4, 2022
Mangalam Worldwide IPO Face Value ₹10 per share
Mangalam Worldwide IPO Price ₹101 per share
Mangalam Worldwide IPO Lot Size 1200 Shares
Issue Size6,493,200 shares of ₹10
(aggregating up to ₹65.58 Cr)
Fresh Issue6,493,200 shares of ₹10
(aggregating up to ₹65.58 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

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

Mangalam Worldwide IPO Timeline (Tentative Timetable)

Mangalam Worldwide IPO opens on Jun 30, 2022, and closes on Jul 4, 2022. The Mangalam Worldwide IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Mangalam Worldwide IPO Opening Date Jun 30, 2022
Mangalam Worldwide IPO 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
Mangalam Worldwide IPO Listing Date Jul 12, 2022

Mangalam Worldwide IPO Lot Size

The Mangalam Worldwide IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121,200).

Application Lots Shares Amount
Minimum 1 1200 ₹121,200
Maximum 1 1200 ₹121,200

Mangalam Worldwide IPO Promoter Holding

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

Mangalam Worldwide IPO Review

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 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)
NII2.20
Retail0.46
Total1.33

Mangalam Worldwide IPO Prospectus

Mangalam Worldwide IPO Rating

115
3.8
Rating:Rated 3.8 stars
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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 Review

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 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, Edelweiss, 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 not yet announced. The tentative date of Mangalam Worldwide IPO listing is Jul 12, 2022.
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