MANGALAM WORLDWIDE LIMITED
₹ 101 - ₹ 101
30-Jun-2022 - 04-Jul-2022
₹ 121200.00

/ 1200 Shares

MANGALAM WORLDWIDE LIMITED

30-Jun-2022 - 04-Jul-2022

₹ 101 - ₹ 101

Price Band

₹ 121200.00

Minimum Investment

1200

Bid Lot

6,493,200

Shares

IPO Details

IPO Timeline

  • Open Date

    30-Jun-2022

  • Close Date

    04-Jul-2022

  • Basis of Allotment Date

    07-Jul-2022

  • Initiation of Refunds

    08-Jul-2022

  • Credit Shares to Demat A/c

    11-Jul-2022

  • IPO Listing Date

    11-Jul-2022

About Company

  • Incorporated in 1995, Mangalam Worldwide Limited is engaged in the manufacturing of stainless steel (SS). The company manufactures Stainless Steel (SS) Billets and SS Flat Bars. The company is also engaged in the trading of steel - scrap, ferro alloys, etc.
  • Mangalam Worldwide has two Plants, located at Halol (Unit I) and Changodar (Unit II). Unit I has an installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets and Unit II is having installed rolling capacity of 90,000 MT/p.a. of SS Flat bars.
  • The company's customers have spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh in different industry segments like food and dairy equipment, Utensils, oil and gas, aerospace and medical devices among others. Managalam Worldwide is also exporting the products to Brazil.
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Strengths

  • Prime Location of Manufacturing Units.
  • Scalable Business Model.
  • Long term relationship with Customers.
  • Cost effective production and timely fulfilment of orders.
  • Captive Consumption.

Company Promoters

Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal are the company promoters.

Company Financials

Period Ended Total Assets Total Revenue Profit After Tax
31-Mar-21 4740.15 30332.31 265.47
31-Mar-22 12265.02 53347.96 1230.98

Objects of the Issue

1. To Meet Working Capital Requirements.

2. General Corporate Purpose.

3. To meet Public Issue Expenses.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

Check Allotment