Business Standard

Mangalam Alloys Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

54.91 cr

Price Range (₹)

80

Lot Size

1600

Min Investment (₹)

1,28,000.00

Listing Exchange

NSE - SME

Open Date

21-Sept-2023

Close Date

25-Sept-2023

Listing Date

04-Oct-2023

Mangalam Alloys Ltd News

    The Shares of Mangalam Alloys Ltd have now been listed.

    Mangalam Alloys Ltd IPO Details

    Initial public issue of upto 68,64,000 equity shares of face value of Rs. 10 each of Mangalam Alloys Limited (the Company or the Issuer) for cash at a price of Rs. 80/- per equity share including a share premium of Rs. 70/- per equity share (the Issue Price) aggregating to Rs. 54.91 crores (The Issue), comprising a fresh issue of up to 61,26,400 equity shares aggregating up to Rs. 49.01 crores by the company (Fresh Issue) and an offer for sale of up to 7,37,600 equity shares aggregating up to Rs. 5.90 crores (Offered Shares) by the selling shareholders comprising upto 3,16,800 equity shares aggregatingup to Rs. 2.53 croress by Unison Forgings Private Limited (The Promoter Group Selling Shareholder) and up to 4,20,800 equity shares aggregating up to Rs. 3.37 crores by Kamal Krushna Mishra (Other Selling Shareholder), (the promoter group selling shareholders and the other selling shareholders, collectively referred to as the Selling Shareholders) (Offer for Sale, together with the fresh issue, the Offer). The offer consists up to 3,44,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 80 per equity share including a share premium of Rs. 70 per equity share aggregating to Rs. 2.75 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 65,20,000 equity shares of face value of Rs. 10 each at a price of Rs. 80 per equity share aggregating to Rs. 52.16 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.81% and 26.41% respectively of the post issue paid up equity share capital of the company.

    Objective of issue

    Working capital requirement. Capital expenditure for business and research & development. General corporate purposes.

    Mangalam Alloys Ltd Contact Details

    Mangalam Alloys Ltd, A/505 Dattani Plaza, A K Road Safeed Pool, Andheri (East), Mumbai - 400072

    Phone - 91-22-49721245

    Fax -

    Email - cs@mangalamalloys.com

    Website - www.mangalamalloys.com