Issue Price
₹80
Per Share
GMP
NIL
Grey Market
Est. Listing
₹80
Expected Price
Min. Application
₹256,000
2 lots × 1600 shares
Incorporated in 1988, Mangalam Alloys Limited is a manufacturer of stainless-steel-based products.The company manufactures SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners in more than 30 international grades and in the size range from 3 mm to 400 mm.Mangalam Alloys manufactures stainless steel ingots through three furnaces by melting stainless steel scrap, rolling ingots to stainless steel rounds & flats followed by a heat treatment annealing furnace and bright bar unit. Its manufacturing unit spread across 40,000 sq. meters of land, has an installed capacity of 25,000 TPA (Melting Capacity).The company recorded Rs. 30,292.25 Lacs, Rs. 30,936.90 Lacs, and Rs. 27,125.88 Lacs in revenue from operation in fiscal 2023, 2022, and 2021 respectively.
Mangalam Alloys Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 344,000 | — | ₹2.75 Cr | — |
| TOTAL | 6,864,000 | 100.00% | ₹54.91 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹128,000 |
| Retail (Max) | 13 | 20,800 | ₹1,664,000 |
| sNII (Min) | 14 | 22,400 | ₹1,792,000 |
| bNII (Min) | 68 | 108,800 | ₹8,704,000 |
| Particulars | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue from Operations | 30817.92 | 30973.94 | 27190.68 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 1013.52 | 505.08 | -653.69 |
| Net Worth | 7903.11 | 6895.35 | 6390.37 |
| Total Assets | 33201.81 | 30066.96 | 31210.81 |
| Reserves & Surplus | 6047.16 | 5039.40 | 4534.42 |
| Total Borrowings | 15353.27 | 16361.81 | 16769.66 |