Mangalam Alloys SME IPO

Mangalam Alloys Limited

₹1,28,000 /1600 sharesMinimum Investment

Mangalam Alloys SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Sep ‘23 - 25 Sep ‘23₹1,28,0001,600₹80 - ₹80
Issue SizeIPO Doc
54.90Cr
RHP PDF

About Mangalam Alloys SME

Incorporated in 1988, Mangalam Alloys operates a unique integrated facility dedicated to the production of stainless steel, special steel, and high-alloy steel. This facility covers the entire process, from melting to the creation of bright bar fasteners. The company specializes in manufacturing a range of stainless steel products, including SS Ingots, Round Bars, RCS, Bright Bars, and various sections/profiles like squares, hexagons, angles, and Pattis. Additionally, they are involved in forging and fastener production. The company operates with an integrated stainless steel manufacturing capacity of 25,000 TPA (Melting Capacity). Their stainless steel ingots are produced through a process that involves melting stainless steel scrap, rolling them into stainless steel rounds and flats, then heat treatment in an annealing furnace and processing in the bright bar unit.;
Founded in
1988
Managing director
Mr. Tushar Uttamchand Mehta
Parent organisation
Mangalam Alloys Limited

Strengths & Financials of Mangalam Alloys SME

Strengths
Risks
Mangalam Alloys has implemented a zero effluent and zero domestic sewage discharge system, with the aid of an STP plant that even recycles human waste for gardening. The company is the sole Indian unit recycling nearly 100% of solid waste, eliminating any solid waste discharge.
The company boasts a 1.25 MW windmill located in Mandvi, Kutch, Gujarat, which generates approximately 18 lakh units annually. The company qualifies for MAKE IN INDIA as one of the few special category entities.
The company has developed an extensive network across the industry and society to identify its core customer base and create effective marketing strategies. They offer customized solutions for clients and effectively liaise on projects.
Mangalam Alloys specializes in manufacturing a wide range of stainless steel products, including SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Angle, Patti, Forgings, and Fasteners, covering over 30 international grades and sizes ranging from 3 mm to 400 mm.
The company's post-tax profits have shown growth, increasing from Rs. 6.10 crore in 2021-22 to Rs. 13.01 crore in 2022-23.
The company has expanded its operations with the establishment of the 2nd Furnace, Total Quality Management, and 3rd Furnace in 2004 and 2012, respectively. They also introduced a 20-inch rolling mill in 2017, followed by 12-inch and 17-inch rolling mills in 2018.

Mangalam Alloys SME Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Mangalam Alloys SME IPO

Apply asPrice bandApply upto
Regular80 - 80₹2 Lakh
High Networth Individual80 - 80₹2 - 5 Lakh
For Mangalam Alloys SME IPO, eligible investors can apply as Regular.
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