Mangalam Global Enterprise Limited was incorporated in 2010 and is set up by Ahmedabad based Mangalam group. It is mainly engaged in the business of manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for domestic and international markets. Castor oil mainly used in Lubricants, Paints, Sealants, Pharmaceuticals, Inks Cable Insulators, Textiles, and Rubber industries.
| Bidding Dates |
|---|
| 15 Nov 2019 - 20 Nov 2019 |
| Subscription |
|---|
| 1.28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,02,000 | 1 | 1 | 2000 | 4.2 M | ₹51 | 73.66 % | ₹215.7 M | RHP DOC |
Mangalam Global IPO SUBSCRIPTION STATUS
20 Nov '19Mangalam Global IPO overall subscription rate was 1.28 times the total available shares
Mangalam Global IPO retail subscription rate was 0.47 times in the retail segment
Mangalam Global IPO non-institutional investor subscription rate was 2.09 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
18 Nov 2019 (Day 2) | 0.12x | 1.63x | - |
19 Nov 2019 (Day 3) | 0.21x | 1.64x | - |
20 Nov 2019 (Day 4) | 0.47x | 2.09x | - |
15 Nov 2019 (Day 1) | 0.02x | 1.08x | - |
Mangalam Global 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) | Margins |
| 3MFY20 | 10.0 | 1,462.8 | -405.7 | -411.2 | 2.2% |
| FY19 | 24.5 | 3,898.1 | -218.6 | -442.2 | 2.0% |
Mangalam Global IPO SUBSCRIPTION STATUS DETAILS
Mangalam Global had 4.2 M shares on offer
Mangalam Global IPO offer price was ₹51
Mangalam Global IPO minimum Investment was ₹102000
Mangalam Global IPO issue size was ₹ 215.7 M
Mangalam Global had a minimum lot size of 2000 Shares per application
Mangalam Global NUMBER OF SHARES ON OFFER
Mangalam Global IPO IMPORTANT DATES
| Issue Open Date | 15 Nov 2019 |
| Issue close Date | 20 Nov 2019 |
| Allotment Date | 25 Nov 2019 |
| Refund Date | 26 Nov 2019 |
| Demat Account Credit Date | 27 Nov 2019 |
| Listing Date | 28 Nov 2019 |
| Listing on Exchange(s) | NSE |
| Mangalam Global Allotment Status | Exchange |
Mangalam Global IPO subscription opened on 15 Nov 2019, and closed on 20 Nov 2019
IPO allotment for Mangalam Global was finalized on Monday, 25 Nov 2019
IPO listing for Mangalam Global was on NSE on Thursday, 28 Nov 2019
Mangalam Global IPO LISTING GAINS
| Issue Price (adjusted) | 3.4 |
| Listing Open Price | 53.0 |
| Listing Close Price | 51.5 |
| Listing Gain% | 3.9% |
| Current Gain% | 328.5% |
Mangalam Global 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 Global Enterprise Ltd. | 14.6 | 23.4 | 10.2 | 0.1 | 0.1 | 18.2 | 5.6 | 3400.7 | 47.7 | 45.2 | 95.8 | 1.4 | 100.7 |
| LT Foods Ltd. | 427.6 | 14846.8 | 23.2 | 7.3 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 542.8 | 10442.3 | 23.4 | -12.8 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 378.6 | 8666.9 | 13.4 | 0.4 | 1.4 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 28.3 | 36.1 |
| Gujarat Ambuja Exports Ltd. | 169.2 | 7761.6 | 18.7 | 0.2 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 764.4 | 3932.3 | 13.3 | 2.6 | 2.8 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 57.5 | 5.2 |
Mangalam Global INFORMATION ON IPO ISSUE
About Mangalam Global
Mangalam Global Enterprise Limited was incorporated in 2010 and is set up by Ahmedabad based Mangalam group. It is mainly engaged in the business of manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for domestic and international markets. Castor oil mainly used in Lubricants, Paints, Sealants, Pharmaceuticals, Inks Cable Insulators, Textiles, and Rubber industries.
Object of the Issue
- Funding the working capital requirements of the Company;
- General corporate purposes.
Mangalam Global - PROMOTERS
| Name |
|---|
| Vipin Prakash Mangal |
| Chanakya Prakash Mangal |
| Chandragupt Prakash Mangal |
Mangalam Global Lead Manager to the issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Mangalam Global Registrar to the Offer
Link Intime India Private Limited
mangalam.ipo@linkintime.co.in
Mangalam Global Strengths
Experienced Management Team
The management team is experienced in the industry in which the company operates and has been responsible for the growth of operations and financial performance.The Promoter Vipin Prakash Mangal leads the company with his vision
Quality Control and Quality Assurance
The company believes that quality is an ongoing process of building and sustaining relationships. The company has the practice of testing the products for quality before they are dispatched to the customers and have the quality control department which looks after the quality, strength and the durability of the products.
Mangalam Global Risks
Subject to seasonal volatility
The major raw materials used in the manufacturing operations are Castor Seeds and Raw Cotton. Due to the seasonal availability of these two items, business is seasonal in nature. The period during which business may experience higher revenues varies from season to season depending upon the availability and thereafter harvesting of these raw materials
Cost of production is exposed to fluctuations in the prices
Castor Seeds and Raw Cotton are two important raw materials required. r cost of production is exposed to fluctuations in the prices of these raw materials
IPO FAQs
Mangalam Global Enterprise Ltd. IPO listing opened at Rs 53.00 while the issue price was Rs 51.00 giving 3.92% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 3.40 giving 328.53% gains since its IPO listing.
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 51.0 - 51.0.
The IPO application opens on Nov 15, 2019 and closes on Nov 20, 2019.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 102,000.0, the maximum value for this IPO is Rs 102,000.0.
This IPO will be allotted on Nov 25, 2019.
The refund will be credited to your account on Nov 26, 2019.
The allotted shares will be credited to your demat on Nov 27, 2019.
Mangalam Global Enterprise Ltd.’s shares listed on the stock exchanges on Nov 28, 2019.