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Established in 1983, Mangalam Industrial Finance Limited (MIFL) is a non-banking financial company (NBFC) providing financial solutions and services and is registered with the RBI in Kolkata.
MIFL offers loans for land, machinery and sheds and earns revenue from interest, fees and commission.
As of December 31, 2023, the company had 12 employees including directors.
| Issue Open | February 12, 2024 - March 12, 2024 |
| Security Name | Mangalam Industrial Finance Ltd |
| Issue Size (Shares) | 123,892,721 |
| Issue Size (Amount) | ₹48.94 Crores |
| Issue Price | ₹3.95 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | Issue Price of Rs.3.95 is payable on Application. |
| Entitlement | 21 Rights Equity Share(s) for every 163 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | January 25, 2024 |
| Record Date | January 29, 2024 |
| Credit of Rights Entitlements | February 5, 2024 |
| Bid/Offer Opens On | February 12, 2024 |
| Renunciation of Rights Entitlements | February 20, 2024 |
| Bid/Offer Closes On | March 12, 2024 |
| Deemed Date of Allotment | March 6, 2024 |
| Credit Date | March 11, 2024 |
| Listing Date | March 13, 2024 |
Mangalam Industrial Finance Ltd's revenue increased by 13.84% and profit after tax (PAT) dropped by -474.62% 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 | 28.66 | 34.71 | 32.30 |
| Revenue | 1.33 | 1.17 | 2.05 |
| Profit After Tax | -5.01 | 1.34 | 0.67 |
| Net Worth | 28.34 | 33.39 | 32.05 |
| Amount in ₹ Crore | |||
The company proposes to utilize the Net Proceeds towards funding the following Objects:
Mangalam Industrial Finance Rights Issue 2024 got subscribed by 0.92 times by the end of the bidding period with total bid quantity received by BSE of 113,463,969 shares.
19 3.8 Rating:  Vote Here ... |
Mangalam Industrial Finance Ltd
Old Nimta Road,
Nandan Nagar,
Belghoria, Kolkata,-700 083
Phone: +91 7203948909
Email: compliance@miflindia.com
Website: https://www.miflindia.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The Mangalam Industrial Finance Rights Issue 2024 opens on February 12, 2024, and closes on March 12, 2024.
Mangalam Industrial Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | February 5, 2024 |
| Last Date for renunciation of Rights Entitlements | February 20, 2024 |
| Issue Opening Date | February 12, 2024 |
| Issue Closing Date | March 12, 2024 |
| Date of Allotment (on or about) | March 6, 2024 |
| Date of Credit (on or about) | March 11, 2024 |
| Date of Listing (on or about) | March 13, 2024 |
Mangalam Industrial Finance Rights Issue 2024 price is set at ₹3.95 per share per equity share.
The eligible shareholders are being offered 21 Rights Equity Share(s) for every 163 fully paid-up Equity Shares held on Record Date (January 29, 2024).
The record date for the Mangalam Industrial Finance Rights Issue 2024 is January 29, 2024.
The issue size of Mangalam Industrial Finance Rights Issue 2024 is of 123,892,721 equity shares at ₹3.95 per share aggregating upto ₹48.94 Crores.
The Letter of Offer for Mangalam Industrial Finance Rights Issue 2024 can be download here.
You can apply for Mangalam Industrial Finance Rights Issue 2024 in two ways:
Steps to apply for Mangalam Industrial Finance Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Mangalam Industrial Finance Rights Issue 2024 using Registrar's website (R-WAP)
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