What is the issue size of Mangalam Alloys IPO?

The issue size of the Mangalam Alloys IPO is Rs 54.91 cr

What is 'pre-apply' for Mangalam Alloys IPO?

Pre-apply will alow you to apply for the Mangalam Alloys IPO 2 days before the subscription period starts.

If I pre-apply for Mangalam Alloys IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Mangalam Alloys IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Mangalam Alloys IPO order is placed?

We will notify you when your Mangalam Alloys IPO order is placed with the exchange.

What are the open and close dates of the for Mangalam Alloys IPO?

Mangalam Alloys IPO will be open between 21 Sept - 25 Sept, 2023.

What is the lot size and minimum order quantity of the Mangalam Alloys IPO?

Mangalam Alloys Limited IPO lot size is 1600 shares.

What are the allotment dates for the Mangalam Alloys IPO?

Mangalam Alloys IPO allotment date is 29 Sept, 2023. For Mangalam Alloys IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Mangalam Alloys IPO?

Mangalam Alloys IPO registrar is Skyline Financial Services Private Ltd. You can check Mangalam Alloys IPO allotment status on the website of the registrar.

Where is the Mangalam Alloys IPO getting listed?

The shares are proposed to be listed on NSE SME.

Mangalam Alloys SME IPO

Mangalam Alloys Limited

₹1,28,000 /1600 sharesMinimum Investment

Mangalam Alloys SME IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹80.00₹80.00₹0.00 (0.00%)
Mangalam Alloys SME IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
21 Sep ‘23 - 25 Sep ‘23₹1,28,0001,600₹80 - ₹80
Issue SizeIPO Doc
54.90CrRHP PDF
About Mangalam Alloys SMEIncorporated in 1988, Mangalam Alloys operates a unique integrated facility dedicated to the production of stainless steel, special steel, and high-alloy steel. This facility covers the entire process, from melting to the creation of bright bar fasteners.
The company specializes in manufacturing a range of stainless steel products, including SS Ingots, Round Bars, RCS, Bright Bars, and various sections/profiles like squares, hexagons, angles, and Pattis. Additionally, they are involved in forging and fastener production.
The company operates with an integrated stainless steel manufacturing capacity of 25,000 TPA (Melting Capacity). Their stainless steel ingots are produced through a process that involves melting stainless steel scrap, rolling them into stainless steel rounds and flats, then heat treatment in an annealing furnace and processing in the bright bar unit.;
Parent Organisation
Mangalam Alloys Limited
Founded
1988
Managing Director
Mr. Tushar Uttamchand Mehta
Strengths & Risks
Mangalam Alloys has implemented a zero effluent and zero domestic sewage discharge system, with the aid of an STP plant that even recycles human waste for gardening. The company is the sole Indian unit recycling nearly 100% of solid waste, eliminating any solid waste discharge.
The company boasts a 1.25 MW windmill located in Mandvi, Kutch, Gujarat, which generates approximately 18 lakh units annually. The company qualifies for MAKE IN INDIA as one of the few special category entities. 
The company has developed an extensive network across the industry and society to identify its core customer base and create effective marketing strategies. They offer customized solutions for clients and effectively liaise on projects.
Mangalam Alloys specializes in manufacturing a wide range of stainless steel products, including SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners, covering over 30 international grades and sizes ranging from 3 mm to 400 mm.
The company's post-tax profits have shown growth, increasing from Rs. 6.10 crore in 2021-22 to Rs. 13.01 crore in 2022-23.
The company has expanded its operations with the establishment of the 2nd Furnace, Total Quality Management, and 3rd Furnace in 2004 and 2012, respectively. They also introduced a 20-inch rolling mill in 2017, followed by 12-inch and 17-inch rolling mills in 2018.
Mangalam Alloys relies on its employees and contract labor. Any issues like labor shortages, strikes, or increased wage demands could harm cash flows and operational results.
A shortage or unavailability of power could disrupt manufacturing processes, impacting the company's financial conditions and operational results.
The demand and pricing of stainless steel are sensitive to market conditions. Decreases in steel prices may negatively impact the company's financial stability.
The absence of formal agreements with raw material suppliers leaves the production process susceptible to disruptions in the supply chain.
Relying on a limited number of suppliers for raw materials poses risks. Any delays in material delivery could harm business operations and profitability. The company's top 10 suppliers have contributed 71.54% of our total purchases in 2023.
A significant portion of revenue comes from the top 10 customers. Losing any of these customers could affect the company's income and profitability. The top ten customers contributed 48.39%, 30.51%, and 26.09% of the revenue in 2023, 2022, and 2021, respectively. 
The company's revenue heavily relies on two states, Gujarat (79.53% of total revenue) and Karnataka (17.82%), which exposes it to regional concentration risk.
Operating at only 43% of total capacity for stainless steel products may negatively impact business, financial condition, and operational results.
The company has secured loans amounting to Rs. 144.26 crores as of March 31, 2023, with promoters as co-applicants and guarantors, raising potential financial obligations.
Previous delays in EPF payments and GST returns could impact the company's financial performance and regulatory compliance.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹80 - 80₹2 Lakh
High Networth Individual₹80 - 80₹2 - 5 Lakh
For Mangalam Alloys SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹80.00	₹80.00	₹0.00 (0.00%)

Bidding Dates	Min. Investment	Lot Size	Price Range
21 Sep ‘23 - 25 Sep ‘23	₹1,28,000	1,600	₹80 - ₹80

Issue Size	IPO Doc
54.90Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹80 - 80	₹2 Lakh
High Networth Individual	₹80 - 80	₹2 - 5 Lakh

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