Mangalam Worldwide Limited was incorporated in 1995. It 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.
| Bidding Dates |
|---|
| 30 Jun 2022 - 04 Jul 2022 |
| Subscription |
|---|
| 1.33x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,200 | 1 | 1 | 1200 | 6.5 M | ₹101 | 73.5 % | ₹655.8 M | RHP DOC |
Mangalam Drugs IPO SUBSCRIPTION STATUS
04 Jul '22Mangalam Drugs IPO overall subscription rate was 1.33 times the total available shares
Mangalam Drugs IPO retail subscription rate was 0.46 times in the retail segment
Mangalam Drugs IPO non-institutional investor subscription rate was 2.2 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
04 Jul 2022 (Day 3) | 0.46x | 2.2x | - |
01 Jul 2022 (Day 2) | 0.13x | 1.28x | - |
30 Jun 2022 (Day 1) | 0.05x | 0.44x | - |
Mangalam Drugs FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 123.10 | 5,230.29 | 24.57 | -465.63 |
| FY21 | 26.54 | 3,019.29 | 55.78 | 42.07 |
Mangalam Drugs IPO SUBSCRIPTION STATUS DETAILS
Mangalam Drugs had 6.5 M shares on offer
Mangalam Drugs IPO offer price was ₹101
Mangalam Drugs IPO minimum Investment was ₹121200
Mangalam Drugs IPO issue size was ₹ 655.8 M
Mangalam Drugs had a minimum lot size of 1200 Shares per application
Mangalam Drugs NUMBER OF SHARES ON OFFER
Mangalam Drugs IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2022 |
| Issue close Date | 04 Jul 2022 |
| Allotment Date | 07 Jul 2022 |
| Refund Date | 08 Jul 2022 |
| Demat Account Credit Date | 11 Jul 2022 |
| Listing Date | 12 Jul 2022 |
| Listing on Exchange(s) | NSE |
| Mangalam Drugs Allotment Status | Exchange |
Mangalam Drugs IPO subscription opened on 30 Jun 2022, and closed on 04 Jul 2022
IPO allotment for Mangalam Drugs was finalized on Thursday, 07 Jul 2022
IPO listing for Mangalam Drugs was on NSE on Tuesday, 12 Jul 2022
Mangalam Drugs IPO LISTING GAINS
| Issue Price (adjusted) | 101.0 |
| Listing Open Price | 150.0 |
| Listing Close Price | 151.7 |
| Listing Gain% | 48.5% |
| Current Gain% | -73.1% |
Mangalam Drugs Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mangalam Drugs and Organics Ltd. | 27.2 | 66.6 | -1 | 0 | 0.2 | -43.1 | -14.1 | 232.9 | -26.9 | -44.4 | -760.6 | -28.1 | -760.6 |
| Sun Pharmaceutical Industries Ltd. | 1945 | 466670.7 | 38.6 | 2.3 | 7.8 | 13.7 | 10.6 | 60433.8 | 10.8 | 11479.4 | 5 | 50.4 | 16.6 |
| Divi's Laboratories Ltd. | 8275 | 219675.3 | 75.1 | 2.8 | 19.6 | 15.3 | 12.8 | 11067 | 14 | 2568 | 17.2 | 110.2 | 26.8 |
| Torrent Pharmaceuticals Ltd. | 4924 | 187293.2 | 85.9 | 9.6 | 11.9 | 25.8 | 4.9 | 13886.2 | 20.3 | 2163.4 | 13.2 | 57.3 | 8.9 |
| Cipla Ltd. | 1463.8 | 118253.6 | 35.1 | -0.9 | 4.2 | 11.3 | 9.1 | 29044.6 | 2.2 | 3879.2 | -26.4 | 41.7 | -37.5 |
| Zydus Lifesciences Ltd. | 1114.2 | 112114.6 | 22.2 | 2.3 | 4.1 | 18.6 | 9.6 | 27657.9 | 17.6 | 5040 | 11.4 | 50.1 | 9.6 |
Mangalam Drugs INFORMATION ON IPO ISSUE
About Mangalam Drugs
Mangalam Worldwide Limited was incorporated in 1995. It 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.
Object of the Issue
To Meet Working Capital Requirements.
General Corporate Purpose.
To meet Public Issue Expenses.
Mangalam Drugs - PROMOTERS
| Name |
|---|
| Vipin Prakash Mangal |
| Chanakya Prakash Mangal |
| Chandragupt Prakash Mangal |
Mangalam Drugs Lead Manager To The Issue
Beeline Broking Limited
pcs@beelinebroking.com
Mangalam Drugs Registrar to the Issue
Link Intime India Private Limited
mangalam.ipo@linkintime.co.in
Mangalam Drugs Strengths
Scalable Business Model
The business model is currently driven by the demand of customers in different industry segments, such that the customer is provided with the required goods with minimal delays, and thus achieving economies of scale.
Long term relationship with Customers
The company has long term relationship with its customers and believes that a long-term client relationship with large clients fetches better dividends
Cost effective production and timely fulfilment of orders
The company has taken various steps in order to ensure adherence to timely fulfilment and also to achieve greater cost efficiency.
Mangalam Drugs Risks
Limited experience in the steel industry
The promoters have limited experience in the steel industry, which could have an adverse effect on the Company’s results of operations and financial condition.
Involved in litigations
The group of companies are involved in certain litigations including tax related litigations.
Business is dependent on the manufacturing facility
The loss of or shutdown of operations of manufacturing facility may have a material adverse effect on business, financial condition and results of operations.
IPO FAQs
The promoters of the company are Vipin Prakash Mangal, Chanakya Prakash Mangal and Chandragupt Prakash Mangal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 101.0 - 101.0.
The IPO application opens on Jun 30, 2022 and closes on Jul 04, 2022.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 121,200.0, the maximum value for this IPO is Rs 121,200.0.
This IPO will be allotted on Jul 07, 2022.
The refund will be credited to your account on Jul 08, 2022.
The allotted shares will be credited to your demat on Jul 11, 2022.
Mangalam Worldwide Ltd.’s shares listed on the stock exchanges on Jul 12, 2022.