Listed Price₹33.55
Listing Gain-58.06%
Price Band₹80
Lot Size1,600 shares
Min Bid₹1,28,000
Subscription5.62x
Listed Market Snapshot
₹33.55Listed price from market data
-58.06%listing gain
Issue Amount
₹54.91 Cr
Listed Price
₹33.55
Current Price
₹35
Registrar
Skyline Financial Services Private Limited
Timeline•Fixed Price Issue IPO
Open21 Sep 2023
Close25 Sep 2023
Allotment27 Sep 2023
Listing04 Oct 2023
Quota Reservation Portions
Market MakerPortion: 3,44,000 shares
5.01%Nii (hni)Portion: 32,59,200 shares
47.48%RetailPortion: 32,60,800 shares
47.51%Minimum Application Bracket Matrix
Retail1 lots / 1,600 shares
₹1,28,000HNI2 lots / 3,200 shares
₹2,56,000About the Company
Incorporated in 1988, Mangalam Alloys Limited is a stainless-steel manufacturer producing SS ingots and various finished products like SS black bars, bright round/hex/square bars, angles, pattis, forgings, and fasteners in over 30 international grades, ranging from 3 mm to 400 mm. The company recycles stainless steel scrap, melts it using three furnaces, and converts it into rounds and flats through rolling, annealing, and bright bar processing. Its manufacturing unit spreads across 40,000 sq. meters with a 25,000 TPA melting capacity, and the company reported revenues of ₹30,292.25 lakhs in FY23, ₹30,936.90 lakhs in FY22, and ₹27,125.88 lakhs in FY21.
Company Promoters
Mr. Uttamchand Chandanmal MehtaMr. Tushar Uttamchand Mehta
Lead Managers
Registrar
Skyline Financial Services Private Limited