Zerodha - Open Online Account

Save Over 60% on Brokerage & Taxes

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

NamePhone
EmailCity
State
Are you a day trader?

Mangalam Global IPO Details

Issue Open Nov 15, 2019
Issue Close Nov 20, 2019
IPO Price ₹51
Face Value ₹10
IPO Size ₹21.57 Cr
Listing At NSE SME
IPO Lot Size 2000
MANGALAM GLOBAL ENTERPRISE LIMITED
Our Company was original incorporated as "Hindprakash Colourchem Private Limited" as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of incorporation dated September 27, 2010, bearing Corporate identification Number U24224GJ2010PTC062434, issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Further, the name of our company was changed to 'Mangalam Global Enterprise Private Limited' to signify the change in Company's operations, pursuant to shareholders resolution passed at Extra-Ordinary General Meeting of our company held on June 28, 2014 vide a fresh Certificate of Incorporation dated July 31, 2014 issued by Registrar of Companies, Ahmedabad. Subsequently, our Company was convened into a Public Limited Company pursuant to a special resolution passed by the shareholder at Extra-Ordinary General Meeting of our Company held September 17, .2019 consequent to which the name of our Company was changed to "Mangalam Global Enterprise Limited" vide a fresh Certificate of Incorporation dated September 30, 2019 issued by the Registrar of Companies, Ahmedabad. The Corporate Identification 'Number of our Company is U24224GJ2010PLC062434.
Registered Office:101, Mangalam Corporate House, 19/B Kalyan Society, near M.G. International School, Mithakhali, Ahmedabad -380006, Gujarat, India: Tel: +91 79 26442555 Email: info@groupmangalam.com;
Website: www.groupmangalam.com Corporate Identification Number: U24224GJ2010PLC062434 Contact Person: Rutu Shah, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: VIPIN PRAKASH MANGAL, CHANAKYA PRAKASH MANGAL AND CHANDRAGUPT PRAKASH MANGAL
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF FRESH ISSUE OF 42,30,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FULLY PAID OF MANGALAM GLOBAL ENTERPRISE LIMITED ("THE ISSUER" OR "OUR COMPANY") FOR CASH AT A PRICE OF Rs 51/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 41/- PER EQUITY SHARE) (THE "ISSUE PRICE") AGGREGATING Rs 2157.30/- LAKHS (THE "ISSUE") OF WHICH 2,12,000 EQUITY SHARES OF FACE VALUE Rs 10/- EACH FOR CASH AT A PRICE OF Rs 51/- PER EQUITY SHARE, AGGREGATING Rs 108.12/- LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 40,18,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FOR CASH AT A PRICE OF Rs 51/- PER EQUITY SHARE IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.34% AND 25.02%, RESPECTIVELY OFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

This issue is being made in terms of chapter IX of the Securities And Exchange Board of India (Issue of capital and disclosure requirements) regulations, 2018 (the "SEBI ICDR REGULATIONS"), as amended, in terms of rule 19(2)(b)(i) of the securities contracts (regulation) rules, 1957, as amended (the "SCRR"), this issue is being made for at least 25% of the post-issue paid-up equity share capital of our company. This issue is a fixed price issue and allocation in the net issue to the public will be made in terms of regulation 253 of the SEBI (ICDR) regulations 2018, as amended. For further details, please refer to section titled "Issue Procedure" beginning on page 242 of the Prospectus.

RISKS TO INVESTORS:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Vipin Prakash Mangal is Rs 23.21, Chanakya Prakash Mangal is Rs 24.46 and Chandragupt Prakash Mangal is Rs 24.66.
II This being the first public Issue of Equity Shares of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is Rs 10/- each. The Issue Price as stated in "Basis for Issue Price" on page 93 of the Prospectus should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed on the EMERGE Platform of the National Stock Exchange of India Limited. No assurance can be given regarding an active and/or sustained trading in the Equity Shares nor regarding the price at which the Equity Shares will be traded after listing.

In terms of Prospectus dated November 06, 2019 and as per Regulation 253(2) SEBI (ICDR) Regulations, 2018 wherein:

The allocation in the Net Issue to the public category has been made as follows:

(a) minimum fifty percent to retail individual investors; and,
(b) remaining to:
(i) individual applicants other than retail individual investors; and
(ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for;

Provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Explanation: For the purpose of Regulation 253(2) of SEBI (ICDR) Regulation, 2018, if retail individual investors are entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 242 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH
THE ISSUE PRICE IS RS. 51/- PER EQUITY SHARE
ISSUE OPENED ON: FRIDAY, NOVEMBER 15, 2019 AND
CLOSED ON: WEDNESDAY, NOVEMBER 20, 2019

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval letter dated November 06, 2019 from National Stock Exchange of India Limited ("NSE") for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 573 applications for 5146000 Equity shares (before rejections, before application not banked but after Invalid Multiple/Duplicate application) including Market Maker Application of 2,12,000 Equity Shares. The issue was subscribed to the extent of 1.22 times as per the application data (before rejections, before application not banked but after Invalid Multiple/Duplicate application). After considering the technical rejections cases, the issue was subscribed 1.11 times.

The details of applications received (Before Technical Rejection but after application not banked and application banked but application not registered)

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Maker 1 2,12,000 1.00
Other than Retail Individual Investor 87 36,22,000 1.16
Retail Individual Investors 468 9,36,000 0.47
Total 556 47,70,000 1.13

The details of applications rejected by the Registration technical grounds and Multiple Rejections are detailed below:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Maker - -
Other than Retail Individual Investor 1 6,000
Retail Individual Investors 26 52,000
TOTAL 27 58,000

Detail of the Applications Received (After Technical and Multiple Rejection):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on November 25, 2019.

A. Allocation to Market Maker (After Technical Rejection): The Basis of Allotment to the Market Maker, at the issue price of Rs 51/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,12,000 Equity shares in full out of reserved portion of 2,12,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejection): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 51/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 0.44 times. Total number of shares allotted in this category is 8,84,000 Equity Shares. The category wise basis of allotment is as under:
No. of Shares Applied for (Category wise) No. of Applications received % to Total Total No. of Equity Shares applied % to total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted % to Total Surplus/ Deficit
Before Rounding off After Rounding off
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
2000 442 100.00 884000 100.00 2010000 4547.51 2000.00 1 1 884000 100.00 -1126000
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 51/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.15 times. Total number of shares allotted in this category is 36,16,000* Equity Shares. The category wise basis of allotment is as under:
No. of Shares Applied for (Category wise) No. of Applications received % to Total Total No. of Equity Shares applied % to total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted % to Total Surplus/ Deficit
Before Rounding off After Rounding off
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
4000 23 26.74 92000 2.54 79738 3466.83 2000 1 1 46000 1.47 -33738
4000   2000 17 23 34000 1.08 34000
6000 8 9.3 48000 1.33 41602 5200.25 4000 1 1 32000 1.02 -9602
6000   2000 5 8 10000 0.32 10000
8000 2 2.33 16000 0.44 13867 6933.50 6000 1 1 12,000 0.38 -1867
8000   2000 1 2 2000 0.06 2000
10000 6 6.98 60000 1.66 52002 8667 8000 1 1 48000 1.53 -4002
10000   2000 1 3 4,000 0.13 4,000
14000 4 4.65 56,000 1.55 48535 12133.75 12000 1 1 48,000 1.53 -535
16000 3 3.49 48,000 1.33 41602 13867.33 14000 1 1 42,000 1.34 398
20000 8 9.30 160000 4.42 138673 173343.13 16000 1 1 128000 4.08 -10673
20000   2000 5 8 10000 0.32 10,000
24000 2 2.33 48,000 1.33 41602 20801 20000 1 1 40,000 1.28 -1602
24000   2000 1 2 2000 0.06 2000
30000 2 2.33 60000 1.66 52002 26001 26000 1 1 52000 1.66 -2
32000 2 2.33 64000 1.77 55469 27734.50 28000 1 1 56000 1.79 531
34000 2 2.33 68000 1.88 58936 29468 28000 1 1 56000 1.79 -2936
34000   2000 1 2 2000 0.06 2000
40000 3 3.49 120000 3.32 104004 34668 34000 1 1 102000 3.25 -2004
40000   2000 1 3 2000 0.06 2000
48000 2 2.33 96,000 2.65 83204 41602 40000 1 1 80000 2.55 -3204
48000   2000 1 2 2000 0.06 2000
50000 2 2.33 100000 2.77 86670 43335 42000 1 1 84,000 2.68 -2670
50000   2000 1 2 2000 0.06 2000
52000 1 1.16 52000 1.44 45069 45069 44000 1 1 44000 1.40 -1069
66000 1 1.16 66000 1.83 57202 57202 58000 1 1 58000 1.85 798
70000 2 2.33 140000 3.87 121338 60669 60000 1 1 120000 3.83 -1338
70000   2000 1 2 2000 0.06 2000
80000 1 1.16 80000 2.21 69336 69336 70000 1 1 70000 2.23 664
96000 2 2.33 192000 5.31 166407 83203.50 82000 1 1 164000 5.23 -2407
96000   2000 1 2 2000 0.06 2000
100000 2 2.33 200000 5.53 173341 86670.50 86000 1 1 172000 5.49 -1341
100000   2000 1 2 2000 0.06 2000
138000 1 1.16 138000 3.82 119605 119605 120000 1 1 120000 3.83 395
140000 1 1.16 140000 3.87 121338 121338 122000 1 1 122000 3.89 662
196000 2 2.33 392000 10.84 339748 169874 170000 1 1 340000 10.85 252
200000 1 1.16 200000 5.53 173341 173341 174000 1 1 174000 5.55 659
240000 1 1.16 240000 6.64 208009 208009 208000 1 1 208000 6.64 -9
356000 1 1.16 356000 9.85 308546 308546 308000 1 1 308000 9.83 -546
384000 1 1.16 384000 10.62 332814 332814 332000 1 1 332000 10.59 -814
Total 86 100.00 3616000 100.00 3134000         3134000 100.00 0

Please Note: Additional lot of 2000 shares given in applied category of 4000, 6000, 8000, 10000, 20000, 24000, 34000, 40000, 48000, 50000, 70000, 96000 and 100000 after proportionate allocation of Equity shares.

The Board of Directors of the Company at its meeting held on November 25, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before November 26, 2019. Further, the instructions to SCSBs has been issued on November 25, 2019 for unblocking of funds. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, Investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue The trading is proposed to commence on or before November 27, 2019 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

wpe3C2.jpg (2545 bytes) LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083, India Tel: 022-49186200 Fax: 022-49186195
Website: www.linkintime.co.in Email: mangalam.ipo@linkintime.co.in Investor Grievance Id: mangalam.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan Sebi
Registration Number: INR000004058
For Mangalam Global Enterprise Limited
On Behalf of The Board Of Directors
Sd/-
Date: November 26, 2019 Chanakya Prakash Mangal
Place: Ahmedabad Joint Managing Director

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Mangalam Global Enterprise Limited is proposing, subject to market conditions, public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad, Gujarat. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.pantomathgroup.com, website of the National Stock Exchange of India Limited at www.nseindia.com and website of Issuer Company at www.groupmangalam.com Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 35 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.

Mangalam Global IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Mangalam Global IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Mangalam Global IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Mangalam Global IPO basis of allotment status?

    The Mangalam Global IPO basis of allotment (published above) tells you how shares are allocated to you in Mangalam Global IPO and category wise demand of IPO share.

    Visit the Mangalam Global IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Mangalam Global IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Mangalam Global IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

Comments

No comments found. Be the first to post a comment.


Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App