Mangalam Alloys IPO Date, Review, Price, Allotment Details

Mangalam Alloys has a unique integrated stainless steel, special steel & higher alloys steel melting, and further processing unit i.e. up to bright bar fasteners. The Company is a stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections/ profiles like square, hex, angle, patti, etc., Forging and making fasteners. The Company has having integrated stainless steel manufacturing unit covering 40,000 sq. meters of land with an installed capacity of 25,000 TPA (Melting Capacity) with a turnover of Rs. 30,292.25 Lakhs in the financial year ending on 31 March 2023. Having situated in Ahmedabad, Gujarat, the fastest-growing city in India and the third in the world, the location of the Company is one of the primary factors of its growth.

For more than 3 decades, Mangalam Alloys has demonstrated an unwavering commitment to performance along with integrity. In years, the Company has expanded into new businesses and new regions building a colossal record of sustained growth. As nearly 200 manpower are working in the Company, Their Company has given highest priority to them. Having been quality quality-driven organization, the Company believes in maintaining the right environment for their employees resulting in high-quality products. The important factor for the Company‘s working policy is its core value of innovation, intelligence, inspiration, and integrity.

The company manufactures stainless steel ingots through three furnaces by melting stainless steel scrap, and rolling ingots to stainless steel rounds & flats followed by a heat treatment annealing furnace and a bright bar unit. The company established 2nd Furnace, Total Quality Management, and 3rd Furance in the years 2004 and 2012 respectively. We have established a 20-inch rolling mill, 12-inch rolling mill, and 17-inch rolling Mill in the years 2017 and 2018 respectively.

Objects of the Issue:

• Working capital requirements
• Capital Expenditure for business expansion and research and Development;
• General Corporate Purposes
• To meet issue expenses

Mangalam Alloys IPO Review

• May Apply

Mangalam Alloys IPO Date & Price Band Details

Mangalam Alloys IPO Market Lot

The Mangalam Alloys IPO minimum market lot is 1600 shares with a ₹128,200 application amount.

Mangalam Alloys IPO Dates

The Mangalam Alloys IPO date is September 21 and the IPO close date is September 25. The IPO allotment date is September 29 and the IPO might list on October 5.

You can check IPO subscription status and IPO allotment status on their respective pages.

Mangalam Alloys IPO Form

How to apply Mangalam Alloys IPO? You can apply Mangalam Alloys IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mangalam Alloys IPO in the Invest section. The other option you can apply Mangalam Alloys IPO via IPO forms download via the NSE website. Check out the Mangalam Alloys forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.

Mangalam Alloys Company Financial Report

Mangalam Alloys IPO Valuation – FY2023

Check Mangalam Alloys IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Ratnamani Metal & Tubes Ltd
• Arfin India Ltd
• Panchmahal Steel Ltd
• India Steel Works Limited

Company Promoters

• Mr. Uttamchand Chandanmal Meht
• Mr. Tushar Uttamchand Mehta

Mangalam Alloys IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php

Mangalam Alloys IPO Allotment Status

Check Mangalam Alloys IPO allotment status on Skyline Financial website URL. Click Here

Mangalam Alloys IPO Lead Managers aka Merchant Bankers

• Expert Global Consultants Private Limited

Company Address

Mangalam Alloys Limited
Plot No. 3123-3126,
GIDC Phase III,
Chhatral Dist. Gandhinagar – 382729
Phone: +91-2764 232064
Email: [email protected]
Website: https://www.mangalamalloys.com/

Mangalam Alloys IPO FAQs

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