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Mangalam Worldwide IPO is a fixed price issue of Rs 65.58 crores. The issue is entirely a fresh issue of 64.93 lakh shares.
Mangalam Worldwide IPO bidding started from June 30, 2022 and ended on July 4, 2022. The allotment for Mangalam Worldwide IPO was finalized on Thursday, July 7, 2022. The shares got listed on NSE SME on July 11, 2022.
Mangalam Worldwide IPO price is ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.
Beeline Broking Ltd is the book running lead manager of the Mangalam Worldwide IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Mangalam Worldwide IPO RHP for detailed information.
| IPO Date | June 30, 2022 to July 4, 2022 |
| Listing Date | July 11, 2022 |
| Face Value | ₹10 per share |
| Price | ₹101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,493,200 shares (aggregating up to ₹65.58 Cr) |
| Fresh Issue | 6,493,200 shares (aggregating up to ₹65.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,007,474 |
| Share holding post issue | 24,500,674 |
| Market Maker portion | 325,200 shares |
Mangalam Worldwide IPO offers 6,493,200 shares. 3,084,000 (47.50%) to NII, 3,084,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 325,200 (5.01%) |
| Other Shares Offered | 3,084,000 (47.50%) |
| Retail Shares Offered | 3,084,000 (47.50%) |
| Total Shares Offered | 6,493,200 (100%) |
Mangalam Worldwide IPO opens on June 30, 2022, and closes on July 4, 2022.
| IPO Open Date | Thursday, June 30, 2022 |
| IPO Close Date | Monday, July 4, 2022 |
| Basis of Allotment | Thursday, July 7, 2022 |
| Initiation of Refunds | Friday, July 8, 2022 |
| Credit of Shares to Demat | Monday, July 11, 2022 |
| Listing Date | Monday, July 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 4, 2022 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
| Lot Size Calculator | |||
Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal are the company promoters.
| Share Holding Pre Issue | 87.04% |
| Share Holding Post Issue | 63.97% |
Incorporated in 1995, Mangalam Worldwide Limited is engaged in the manufacturing of stainless steel (SS). The company manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel - scrap, ferro alloys, etc.
Mangalam Worldwide has two Plants, located at Halol (Unit I) and Changodar (Unit II). Unit I has an installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets and Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars.
The company's customers have spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh in different industry segments like food and dairy equipment, Utensils, oil and gas, aerospace and medical devices among others. Managalam Worldwide is also exporting the products to Brazil.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-21 | 4740.15 | 30332.31 | 265.47 | 1270.44 |
| 31-Mar-22 | 12265.02 | 53347.96 | 1230.98 | 2746.82 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Mangalam Worldwide IPO is Rs 247.46 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 20.12 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements.
2. General Corporate Purpose.
3. To meet Public Issue Expenses.
[Dilip Davda] MWL has posted average performance with steady growth till FY21. Its super earnings in FY22 i.e. pre-IPO year raises eyebrows as well as the concern over sustainability. The surge in commodity prices may not last for long and will have a cascading impact on this company’s performance. Based on the super earnings of FY22, the IPO is priced greedily. Risk seekers/cash surplus investors may consider investment with a long term perspective. Read detail review...
The Mangalam Worldwide IPO is subscribed 1.33 times on July 4, 2022 5:00:00 PM. The public issue subscribed 0.46 times in the retail category, times in the QIB category, and 2.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.20 |
| Retail | 0.46 |
| Total | 1.33 |
| Listing Date | July 11, 2022 |
| BSE Script Code | |
| NSE Symbol | MWL |
| ISIN | INE0JYY01011 |
| Final Issue Price | ₹101 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹101.00 |
| ₹102.00 |
| ₹96.90 |
| ₹104.95 |
| ₹102.55 |
Mangalam Worldwide Limited
102, Mangalam Corporate House,
42, Shrimali Society, Netaji Marg,
Mithakhali, Navrangpura Ahmedabad, 380009
Phone: 79 6161 5000
Email: cs.mwpl@groupmangalam.com
Website: https://www.mangalamsaarloh.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mangalam.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Mangalam Worldwide IPO is a SME IPO of 6,493,200 equity shares of the face value of ₹10 aggregating up to ₹65.58 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200 Shares.
The IPO opens on June 30, 2022, and closes on July 4, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Mangalam Worldwide IPO using UPI as a payment gateway. Zerodha customers can apply in Mangalam Worldwide IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mangalam Worldwide IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mangalam Worldwide IPO opens on June 30, 2022 and closes on July 4, 2022.
Mangalam Worldwide IPO lot size is 1200 Shares, and the minimum amount required is ₹121,200.
You can apply in Mangalam Worldwide IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mangalam Worldwide IPO will be done on Thursday, July 7, 2022, and the allotted shares will be credited to your demat account by Monday, July 11, 2022. Check the Mangalam Worldwide IPO allotment status.
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