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Incorporated in 2010, Mangalam Global Enterprise Limited manufactures and trades edible and non-edible oils, including soya oil, mustard oil, and refined vegetable oil. They also trade agricultural products such as wheat and rice domestically and for export.
The company distributes its products in key states including Gujarat, Rajasthan, Delhi, Maharashtra, and West Bengal. Also, the company exports its products to countries such as China, Thailand, France, Belgium, Oman, the Netherlands, Mexico, and Turkey. The company falls under the category of a 2 Star Export House.
Mangalam Global Enterprise has a separate business unit in Singapore through a Wholly Owned Subsidiary - Mangalam Global (Singapore) Pte. Ltd. It is engaged in wholesale trading of goods like rice, scrap iron and steel, and refined castor oil.
The company has three manufacturing units one in Sanand- Gujarat and the other two situated in Kheda- Gujarat.
As of December 31, 2023, the company has 58 employees at the Manufacturing Facility and Registered Office. They oversee manufacturing operations, including production, quality control, technical services, stores, administration, marketing, accounting, secretarial, and other functions.
| Issue Open | June 3, 2024 - June 12, 2024 |
| Security Name | Mangalam Global Enterprise Limited |
| Issue Size (Shares) | 20,600,000 |
| Issue Size (Amount) | ₹41.20 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹2 per share |
| Listing At | NSE |
| Terms of Payment | The entire amount of the Issue Price of ₹20 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 1 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | May 23, 2024 |
| Record Date | May 24, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | June 3, 2024 |
| Renunciation of Rights Entitlements | June 7, 2024 |
| Bid/Offer Closes On | June 12, 2024 |
| Deemed Date of Allotment | June 14, 2024 |
| Credit Date | June 17, 2024 |
| Listing Date | June 19, 2024 |
Mangalam Global Enterprise Limited's revenue increased by 11.47% and profit after tax (PAT) rose by 251.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 439.17 | 270.89 | 221.91 |
| Revenue | 1,430.44 | 1,283.22 | 964.69 |
| Profit After Tax | 12.70 | 3.61 | 4.74 |
| Reserves and Surplus | 86.71 | 53.64 | 44.51 |
| Total Borrowing | 238.31 | 119.94 | 121.30 |
| Amount in ₹ Crore | |||
The Issue Proceeds from the Issue will be utilized towards the following objects:
Mangalam Global Enterprise Rights Issue 2024 got oversubscribed by 1.06 times by the end of the bidding period with total bid quantity received by NSE of 21,878,907 shares.
7 4.4 Rating:  Vote Here ... |
Mangalam Global Enterprise Limited
101, Mangalam Corporate House
, 42, Shrimali Society, Netaji Marg
Mithakhali, Navrangpura, Ahmedabad-380009
Phone: +91 79 61615000
Email: cs@groupmangalam.com
Website: http://www.groupmangalam.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mangalamglobal.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Mangalam Global Enterprise Rights Issue 2024 opens on June 3, 2024, and closes on June 12, 2024.
Mangalam Global Enterprise Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | June 7, 2024 |
| Issue Opening Date | June 3, 2024 |
| Issue Closing Date | June 12, 2024 |
| Date of Allotment (on or about) | June 14, 2024 |
| Date of Credit (on or about) | June 17, 2024 |
| Date of Listing (on or about) | June 19, 2024 |
Mangalam Global Enterprise Rights Issue 2024 price is set at ₹20 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date (May 24, 2024).
The record date for the Mangalam Global Enterprise Rights Issue 2024 is May 24, 2024.
The issue size of Mangalam Global Enterprise Rights Issue 2024 is of 20,600,000 equity shares at ₹20 per share aggregating upto ₹41.20 Crores.
The Letter of Offer for Mangalam Global Enterprise Rights Issue 2024 can be download here.
You can apply for Mangalam Global Enterprise Rights Issue 2024 in two ways:
Steps to apply for Mangalam Global Enterprise Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Mangalam Global Enterprise Rights Issue 2024 using Registrar's website (R-WAP)
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