Mangalam Worldwide Ltd IPO Guidance & Details

Listing Trend for Mangalam Worldwide IPO :
Listed on 12 July 2022 ,Issue Price Rs. 101
Opened : Rs. 103
High : Rs. 103.50
Low :Rs. 101
Closed : Rs. 102

Grey Market News for Mangalam Worldwide IPO :
Subject to Rates# :  nil
GMP Rates :  – nil
Subscription Trend
On 4 July 2022 @ 5.00 pm
NII (50%) 3084,000 Sh : 2.20 T
RII (50%) 30,84,000 Sh : 0.46 T
Tot 61,68,000 Sh : 1.33 T

Mangalam Worldwide IPO Details
IPO Date Jun 30, 2022 to Jul 4, 2022
IPO Face Value Rs10 per share
IPO Price Rs 101 per share
IPO Lot Size 1200 Shares
Issue Size 6,493,200 shares of Rs 10
(aggregating up to Rs 65.58 Cr)
Fresh Issue 6,493,200 shares of Rs.10
(aggregating up to Rs. 65.58 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota : 50 % (   30,84,000 Shares)
Minimum 1200 Shares  Rs.121,200
Maximum  1200 Rs.121,200
Retail : 2570 Applications required for one time subscriptions.

Mangalam Worldwide IPO Timetable 
Opening Date Jun 30, 2022
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 Business :

The Company is mainly engaged in manufacturing of Stainless Steel (SS) Billets and rolling of SS Flat Bars with its fully integrated infrastructure consisting of steel melting shops, rolling mills and finishing machines at its plants located at Halol (Unit-I) and Changodar (Unit-II), Gujarat. The company also does the manufacturing of Stainless Steel (SS) Billets on job work basis. To cater the demand of customers for SS Round bars and SS Bright bars, it gets manufacturing of such products on job work basis from third party manufacturers. The company is also engaged in trading of steel – scrap, ferro alloys, etc.
It manufactures wide range of stainless steel of 200 series, 300 series (including series 304 and series 316), 400 series – grades in Austenitic, Ferritic, Martensitic and special chemical composition grades steel like 17/4 PH, Duplex and Super duplex Steel. The Company with sound infrastructure, zero tolerance quality policies and it makes sure that we can fulfill any special customer requirements for various critical product applications.

The Company is Quality Management System certified company and holding ISO 9001:2015, ISO 45001:2018, ISO 14001:2015 certificates.
Its Plants are located at Halol (Unit I) and Changodar (Unit II). Unit I is having installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets of 200 series, 300 series (including series 304 and series 316), 400 series and out of which 200 series SS Billets is captively consumed in Unit II. Its Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars. Its products are used across industries like food and dairy equipments, Utensils, oil and gas, aerospace and medical devices among others. The major customers are spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh. Recently, it has also started exporting its products to Brazil.
For more information about the business, Click  www.mangalamsaarloh.com

Promoters of Mangalam Worldwide IPO

Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal

Mangalam Worldwide : Objects of the IPO

To Meet Working Capital Requirements

Registered office of Mangalam Worldwide
Mangalam Worldwide Limited
102, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura Ahmedabad, 380009
Company Secretary and Compliance Officer:  Mr. Fageshkumar Rameshbhai Soni

Lead Manager of Mangalam Worldwide IPO
Beeline Broking Ltd

SME IPO Financial & Analytical Ratios#
Earnings per Share 2020-21 Rs 2.14
Earnings per Share 2021-22 Rs 9.20
Return on Net Worth: 20-21: 20.57 %
Return on Net Worth: 21-22 : 27.07%
Book Value of the Share as on 31.03.22 Rs 25.25
Book Value after the IPO : Rs. 45.33
Offer Price Rs. 101

IPO Peer Comparison:
Shah Alloys @ PE Multiples of 1.84
India Steel Works @ PE Multiple of (-)

Observation by Paresh Gordhandas ( Research Analyst )
For Guidance : Will be updated soon 

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