Mangalam Worldwide IPO Details: The opening and closing dates for Mangalam Worldwide’s IPO are scheduled for June 30 and July 4, 2022, respectively. Production of stainless steel is done by Mangalam Worldwide Limited (SS). They rank among the top manufacturers and suppliers of various engineering-grade stainless steel billets, blooms, ingots, round bars, flats, angles, and strips in India.
Mangalam Worldwide IPO Date
Mangalam Worldwide IPO opens on Jun 30, 2022, and closes on Jul 4, 2022. From June 30, 2022, from 10:00 A.M., through July 4, 2022, at 5:00 P.M., is the Mangalam Worldwide IPO bid period.
Mangalam Worldwide IPO Price
The Mangalam Worldwide IPO price band is fixed at Rs. 101 with a market lot of 1200 shares.
Mangalam Worldwide IPO Lot Size
The lot size for the Mangalam Worldwide IPO is 1200 shares. One lot may be requested by a retail individual investor (1200 shares or Rs. 121,200).
Mangalam Worldwide IPO Issue Size
Modi’s Navnirman is a BSE SME IPO to raise Rs. 65.58 crores via IPO. The Modi’s Navnirman IPO price band is fixed at Rs. 101 with a market lot of 1200 shares.
Mangalam Worldwide IPO Allotment Date and Listing Date
The IPO for Mangalam Worldwide will open on 30 Jun 2022, and IPO close date is 4 Jul 2022. The Mangalam Worldwide IPO Allotment Date is 7 Jul 2022. The IPO Listing Date of Mangalam Worldwide IPO is 12 Jul 2022.
Mangalam Worldwide IPO Details
|IPO Opening Date||Jun 30, 2022|
|IPO Closing Date||Jul 4, 2022|
|Price Band||Rs. 101 per share|
|Lot Size||1200 Shares|
|Issue Size (Rs. Cr.)||6,493,200 shares of Rs. 10 (aggregating up to Rs. 65.58 Cr)|
|Fresh Issue||6,493,200 shares of Rs. 10 (aggregating up to Rs. 65.58 Cr)|
|Face Value||Rs. 10 per share|
|Issue Type||Fixed Price Issue IPO|
|Retail Shares Offered||50% of the net offer|
|NII (HNI) Shares Offered||50% of the net offer|
|Basis of Allotment Date||Jul 7, 2022|
|Initiation of Refunds||Jul 8, 2022|
|Credit of Shares to Demat Account||Jul 11, 2022|
|Mangalam Worldwide IPO Listing Date||Jul 12, 2022|
About Mangalam Worldwide Limited IPO
Mangalam Worldwide Limited was established in 1995 and produces stainless steel (SS). Stainless Steel (SS) Flat Bars and Billets are produced by the company. The business also deals in steel, including scrap and ferro alloys.
With a fully integrated infrastructure made up of steel melting shops, rolling mills, and finishing equipment at its factories located at Halol (Unit-I) and Changodar (Unit-II), Gujarat, Mangalam Worldwide primarily produces stainless steel (SS) billets and rolls SS flat bars. The business also produces Stainless Steel (SS) Billets on a job-by-job basis. They procure the production of such products on a job work basis from outside manufacturers in order to satisfy client demand for SS Round bars and SS Bright bars. The business also trades steel, including scrap and ferro alloys.
They provide an extensive selection of stainless steel in the 200, 300, and 400 series – grades in austenitic, ferritic, and martensitic, as well as specific chemical composition grades steel such 17/4 PH, Duplex, and Super duplex Steel. The business ensures that it can meet any unique customer requirements for a range of crucial product applications thanks to its robust infrastructure, zero-tolerance quality procedures, and enthusiastic staff of professionals.
Their facilities are in Changodar and Halol (Unit I) (Unit II). Unit II captively consumes 200 series SS Billets from Unit I’s installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets of 200 series, 300 series (including series 304 and series 316), and 400 series.
Promoters of Mangalam Worldwide IPO
The company’s promoters are Mr. Vipin Prakash Mangal, Mr. Chanakya Prakash Mangal and Mr. Chandragupt Prakash Mangal.