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Mangalam Alloys Limited

Mangalam Alloys Limited

smelisted
Registrar: Skyline Financial Services Private Ltd · Listing 2023-10-04
IPO Timeline
Today · 21 Oct 2026
Opens
21 Sept 2023
Closes
25 Sept 2023
Allotment
23 Sept 2023
Refund
29 Sept 2023
Demat
28 Sept 2023
Listing
04 Oct 2023
Price Band
₹80–80
GMP
₹0
0%
Lot Size
1600 Shares
Min ₹128,000
Subscription
0x
Issue Size
₹54.91 Cr
Open
2023-09-21
Close
2023-09-25
Listing
2023-10-04

About the company

## **About the Mangalam Alloys Limited IPO :** ### Incorporated in 1988, Mangalam Alloys Limited 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. It is situated in Ahmedabad, Gujarat. ### The company manufactures stainless steel ingots through three furnaces by melting of stainless steel scrap, rolling of ingots to stainless steel rounds & flats followed by heat treatment annealing furnace and bright bar unit. ### Operation of the plant starts from melting rolling, heat treatment, bright bars and fasteners as everything is in chain inoperation i.e.forward integration to produce fasteners, Bright bars and other products. ### With more than 3 decades of operations, the Company is awarded by various certificates and ISO 9001:2015 and PED certificate also recognized with Two Star Export House by DGFT, India. ###   Now, Mangalam Alloys Limited is coming out with its initial public offer (IPO). Proceeds of the Issue will be utilized to meet the following objects: ### 1) Working capital requirement; ### 2) Capital Expenditure for business expansion and research and Development; ### 3) General Corporate Purposes; and ### 4) To meet issue expenses. ## **Here are key details about the Mangalam Alloys Limited IPO :** Company Name| Mangalam Alloys Limited  |  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Strengths

    Risks

      Financial performance (₹ Cr)

      IPO Roadmap / Timeline

      Current Status · as of 21 Oct 2026
      Listed
      Listed on 04 Oct 2023
      Listed 1113 days ago
      1. IPO Opens

        Completed
        21 Sept 2023

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        25 Sept 2023

        Last day to place your bid

      3. Basis of Allotment

        Completed
        23 Sept 2023

        Share allotment finalised

      4. Refund Initiation

        Completed
        29 Sept 2023

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        28 Sept 2023

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        04 Oct 2023

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      1600 shares
      Price / Share (upper)
      ₹80
      Min Investment (1 lot)
      ₹128,000
      Price Band
      ₹80–80
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      1600
      Min amount
      ₹128,000
      Max amount
      ₹128,000
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      3200
      Min amount
      ₹256,000
      Max amount
      ₹256,000

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹27.45 Cr
      Shares offered
      3,431,875
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹8.24 Cr
      Shares offered
      1,029,563
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹19.22 Cr
      Shares offered
      2,402,313
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).