Mangalam Alloys Limited IPO
i. Mangalam Alloys is having an unique integrated stainless steel, special steel & higher alloys steel melting and further processing unit i.e. up to bright bar fasteners. The Company is a stainless steel unit manufacturing SS Ingots, Round Bar, RCS, Bright bar, different sections/ profiles like square, hex, angle, patti, etc, Forging and making fasteners. The Company is having integrated stainless steel manufacturing unit covering 40,000 sq. meters land with an installed capacity of 25,000 TPA (Melting Capacity) with a turnover of Rs. 30,292.25 Lakhs in the financial year ending in 2023. Having situated in Ahmedabad, Gujarat, the fastest growing city of India and the third in the world, the location of the Company is one of the primary factors of its growth.
ii. For more than 3 decades, the Company has demonstrated an unwavering commitment to performance along with integrity. In the span of years, The Company has expanded into new businesses and new regions building a colossal record of sustained growth. As nearly 200 manpower are working in the Company, the Company has given highest priority to them. Having been quality driven organization, the Company believes in maintaining the right environment for their employees resulting in high quality products. The important factor for Company‘s working policy is its core value of innovation, intelligence, inspiration and integrity.
iii. The Company is awarded by various certificates and ISO 9001:2015 and PED certificate also recognized with Two Star Export House by DGFT, India.
iv. Furance is an enclosed structure in which material can be heated to very high temperature. The stainless steel ingots are produced though induction furnace by melting of stainless steel scrap. This is continuous process controlled by uniform heating with the help of electricity. The Stainless Steel scrap is put into the crucible and the temperature is raised up to 1500 0C with help of electricity and then use rgon Gas and Nitrogen treatment for secondary refining. The liquid metal then poured into cast iron moulds and the ingots so produced from furnace.
v. The company manufactures stainless steel ingots through three furnaces by melting of stainless steel scrap, rolling of ingots to stainless steel rounds & flats followed by heat treatment annealing furnace and bright bar unit.
vi. The Company has established 2nd Furnace, Total Quality Management and 3rd Furance in the year 2004 and 2012 respectively. They have established 20 inch rolling mill,12 inch rolling mill and 17 inch rolling Mill in the year 2017 and 2018 respectively
vii. Currently, they have a head office and a factory located in Chhatral, GIDC, Gujarat. The company establishes a long- term relationship with their clients by providing good quality product, which will surely go a long way and benefit the company. The company is backed by a team of highly creative and experienced professionals who have an affinity for creating innovative designs. From processing to finish, the company tries its best to ensure the quality of every single product delivered by the company.
i. Experienced promoters, Management Expertise and Skilled Workforce
ii. Zero Waste Philosophy
iii. Eligible for MAKE IN INDIA
Objects of the Mangalam Alloys Limited IPO:
Mangalam Alloys Limited IPO Details:
|Open Date:||Sep 21 2023|
|Close Date:||Sep 25 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||54.91 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 80 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 04 2023|
Promoters And Management:
Financials of Mangalam Alloys Limited IPO:
|Revenue From Operations||27,126||30,937||30,292|
|Cost of Goods Sold||19476||21386||20818|
|Employees Benefit Expenses||1,971||1,861||1,485|
|No. of Shares||246.85||246.85||246.85|
Comparison With Peers:
|Name of the Companies||Revenue (cr)||Profit (cr)||EPS||P/E||CMP||MCap (in cr)|
|Mangalam Alloys Limited||303||10||4.11||19||80||197.44|
|Ratnamani Metal & Tubes Ltd||4,673||560||79.5||33.8||2,685||18,817|
|Arfin India Ltd||544||10||0.65||63.4||39.5||628|
|India Steel Works Limited||5||-36||0.9||2.22||2||88|