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Mangalam Alloys Limited IPO Date, Price, Review and Details

 

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Mangalam Alloys Limited IPO

September 21, 2023 - September 25, 2023 Closed

Mangalam Alloys Limited IPO

Mangalam Alloys Limited IPO was engaged in a company that operates a one-of-a-kind facility that combines stainless steel, special steel, and high-alloy steel melting with subsequent processing, all the way up to producing bright bar fasteners. Their company places the utmost importance on its employees. As a quality-focused organization, we are committed to creating a positive work environment that leads to the production of top-notch products. The company produces stainless steel ingots using a process that involves melting stainless steel scrap in three furnaces. These ingots are then rolled into stainless steel rounds and flats, undergo heat treatment in an annealing furnace, and finally, are processed into bright bars.

Company Promoters:

·  Mr. Uttamchand Chandanmal Mehta
·  Mr. Tushar Uttamchand Mehta
·  Meghjyoti Impex Private Limited

Objects of this Issue:

·  Working capital requirement
·  Investment in capital for expanding the business and conducting research and development activities.
·  General Corporate Purposes
·   To meet issue expenses

Financial Information of the Company:

 Particular

Amount in Lakhs (Rs.)

As on 31 March 2023

As on 31 Mar 2022

As on 31 Mar 2021

Total Assets

33,201.81

30,066.96

31,210.81

Total Liabilities

27,154.65

25,027.56

26,676.39

Net Profit

1,013.52

505.08

(653.69)

Mangalam Alloys Limited IPO Schedule

1.     Bid or Offer Opens on: 21 September 2023
2.     Bid or Offer Closes on: 25 September 2023
3.     Finalization of BoA: 28 September 2023
4.     Initiation of Refunds:29 September 2023
5.     Credit of shares to Demat account: 03 October 2023
6.     Listing Date: 04 October 2023

Mangalam Alloys Limited IPO Lot Size

The market lot size of Mangalam Alloys Limited IPO is 3200 shares. Here are the minimum and maximum quantities you can order:

Application

Lots

Shares

Amount

Minimum

1

  1600

₹128,000

Maximum

1

  1600

₹128,000

S-HNI(Minimum)

2

  3200

₹256,000

 
Company Contact Details:

Plot No. 3123-3126, GIDC Phase III,

Chhatral Dist. Gandhinagar, Gujarat -

382729, India

Phone: +91-2764 232064 / 232025

Email: cs@mangalamalloys.com

Website: www.mangalamalloys.com

Mangalam Alloys Limited IPO Registrar Details:

Skyline Financial Services Private Limited

A/506 at Dattani Plaza, situated on Andheri Kurla Road,

near Safeed Pool in Andheri East, Mumbai, Maharashtra,

India, with the postal code 400072.

Telephone: +91 22 2851 1022

Email: ipo@skylinerta.com

Website:  https://www.skylinerta.com/


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