₹41.20 Crores | Listing at NSE | Mon, Jun 3, 2024 - Wed, Jun 12, 2024
Mangalam Global Enterprise Limited Rights Issue comprises 2.06 Cr equity shares aggregating to ₹41.20 Cr, offered at an issue price of ₹20 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is May 24, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 7.
The term of payment is defined as following : The entire amount of the Issue Price of ₹20 per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jun 3, 2024, and closes on Jun 12, 2024, with renunciation of Rights Entitlements permitted up to Jun 7, 2024.
The deemed date of allotment is Jun 14, 2024, following which the equity shares are expected to be credited to demat accounts on Jun 17, 2024 and listed at the NSE on Jun 19, 2024.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Mangalam Global Enterprise Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 24, 2024
Entitlement Ratio
1 : 7
Open Date
Mon, Jun 3, 2024
Close Date
Wed, Jun 12, 2024
The entire amount of the Issue Price of ₹20 per Rights Equity Share shall be payable at the time of Application.
Mangalam Global Enterprise Limited's revenue increased by 11.47% and profit after tax (PAT) rose by 251.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 439.17 | 270.89 | 221.91 |
| Revenue | 1,430.44 | 1,283.22 | 964.69 |
| Profit After Tax | 12.70 | 3.61 | 4.74 |
| Reserves and Surplus | 86.71 | 53.64 | 44.51 |
| Total Borrowing | 238.31 | 119.94 | 121.30 |
| Amount in ₹ Crore | |||
Incorporated in 2010, Mangalam Global Enterprise Limited manufactures and trades edible and non-edible oils, including soya oil, mustard oil, and refined vegetable oil. They also trade agricultural products such as wheat and rice domestically and for export.
The company distributes its products in key states including Gujarat, Rajasthan, Delhi, Maharashtra, and West Bengal. Also, the company exports its products to countries such as China, Thailand, France, Belgium, Oman, the Netherlands, Mexico, and Turkey. The company falls under the category of a 2 Star Export House.
Mangalam Global Enterprise has a separate business unit in Singapore through a Wholly Owned Subsidiary - Mangalam Global (Singapore) Pte. Ltd. It is engaged in wholesale trading of goods like rice, scrap iron and steel, and refined castor oil.
The company has three manufacturing units one in Sanand- Gujarat and the other two situated in Kheda- Gujarat.
As of December 31, 2023, the company has 58 employees at the Manufacturing Facility and Registered Office. They oversee manufacturing operations, including production, quality control, technical services, stores, administration, marketing, accounting, secretarial, and other functions.
The Issue Proceeds from the Issue will be utilized towards the following objects:
[Dilip Davda] The company is engaged in manufacturing /trading in edible oil, cotton, castor oil and agri products. The market price movement has been geared to get fancy valuation for the RI, which appears aggressively priced. The company marked growth in its top and bottom lines for FY23 and FY24, its market price movement has been stagnant and well maintained above the RI price. There is no harm in skipping this pricey bet. Read detail review...
Mangalam Global Enterprise Rights Issue 2024 got oversubscribed by 1.06 times by the end of the bidding period with total bid quantity received by NSE of 2,18,78,907 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Jun 12 2024 17:00:21 | 2,18,78,907 | 1.06x |
Mangalam Global Enterprise Limited
101, Mangalam Corporate House
, 42, Shrimali Society, Netaji Marg
Mithakhali, Navrangpura, Ahmedabad-380009
Ahmedabad, Gujarat, 380009
The Mangalam Global Enterprise Rights Issue 2024 opens on Mon, Jun 3, 2024, and closes on Wed, Jun 12, 2024.
Mangalam Global Enterprise Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 7, 2024 |
| Issue Opening Date | Mon, Jun 3, 2024 |
| Issue Closing Date | Wed, Jun 12, 2024 |
| Date of Allotment (on or about) | Fri, Jun 14, 2024 |
| Date of Credit (on or about) | Mon, Jun 17, 2024 |
| Date of Listing (on or about) | Wed, Jun 19, 2024 |
You can apply for Mangalam Global Enterprise Rights Issue 2024 in two ways:
Steps to apply for Mangalam Global Enterprise Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Mangalam Global Enterprise Rights Issue 2024 using Registrar's website (R-WAP)
