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MALSME / NSEListed
Mangalam Alloys

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.

₹80 - ₹805.62x sub
Listed Price₹33.55
Listing Gain-58.06%

IPO Schedule & Timeline

Fixed Price Issue IPO
Open21 Sep 2023
Close25 Sep 2023
Allotment27 Sep 2023
Listing04 Oct 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker3,44,000 shares
5.01%
Nii (hni)32,59,200 shares
47.48%
Retail32,60,800 shares
47.51%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹1,28,000
HNI2 Lots (3,200 shares)
₹2,56,000

Company Promoters

Mr. Uttamchand Chandanmal MehtaMr. Tushar Uttamchand Mehta

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2021 )₹30195.92 Cr
Growth-3.0%
Revenue Trend (₹ in Crores)
0.011.9k23.9k35.8kMar 2022 Mar 2021
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 2021 30,195.92-680.54 33,721.880
Mar 2022 31,127.95-1.5432,184.540

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values5.4612.82%20.92%14.65 19.46

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Skyline Financial Services Private Limited

Allotment Finalized
Allotment Date
27 Sep 2023
Official Status
Out / Finalized
Registrar
Skyline Financial Services Private Limited
Listing Date
04 Oct 2023

Official Allotment Verification Links

Official Registrar Portal
Skyline Financial Services Private Limited

Direct allotment verification on the official registrar portal appointed for Mangalam Alloys. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization27 Sep 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date04 Oct 2023Trading commences on exchange

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Mangalam Alloys IPO

Complete issue overview for Mangalam Alloys (MAL) IPO. The issue features an equity share price band of ₹80 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,28,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions