Mangalam Worldwide Limited IPO

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i. Mangalam Worldwide is mainly engaged in manufacturing of Stainless Steel (SS) Billets and rolling of SS Flat Bars with the fully integrated infrastructure consisting of steel melting shops, rolling mills and finishing machines at its plants located at Halol (Unit-I) and Changodar (Unit-II), Gujarat. The company also does the manufacturing of Stainless Steel (SS) Billets on job work basis. To cater the demand of customers for SS Round bars and SS Bright bars, they get manufacturing of such products on job work basis from third party manufacturers. The company is also engaged in trading of steel – scrap, ferro alloys, etc.

ii. They manufacture wide range of stainless steel of 200 series, 300 series (including series 304 and series 316), 400 series – grades in Austenitic, Ferritic, Martensitic and special chemical composition grades steel like 17/4 PH, Duplex and Super duplex Steel. The Company with sound infrastructure, zero tolerance quality policies and with its energetic team of experts make sure that it can fulfill any special customer requirements for various critical product applications

iii. Their Plants are located at Halol (Unit I) and Changodar (Unit II). Unit I is having installed manufacturing capacity of 66000 MT/p.a. of Stainless Steel (SS) Billets of 200 series, 300 series (including series 304 and series 316), 400 series and out of which 200 series SS Billets is captively consumed in Unit II.

iv. Competitive Strengths
a. Prime Location of our Factory 
b. Scalable Business Model
c. Long term relationship with Customers
d. Cost effective production and timely fulfilment of orders

Objects of the Mangalam Worldwide Limited IPO:

The Issue Proceeds from the Fresh Issue will be utilized for the following objects: 1. To Meet Working Capital Requirements 2. General Corporate Purpose 3. To meet Public Issue Expenses
DRHP of Mangalam Worldwide Limited IPO

Mangalam Worldwide Limited IPO Details:

Open Date: Jun 30 2022
Close Date: Jul 04 2022
Total Shares: 64,93,200
Face Value: ₹ 10 Per Equity Share
Issue Size: 65.58 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 101 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jul 12 2022

Promoters And Management:

i. Mr. Vipin Prakash Mangal aged 54 years is a Promoter of the Company and he has been appointed as Managing Director designated as a Chairman of the Company for the Period of 3 (Three) years w.e.f. March 1, 2022. He holds Bachelor's degree in Commerce from University of Ajmer. He is having more than 35 years of experience in manufacturing and trading of various commercial commodities and affiliated consultancy services. He is also having vast experience in business management, formulation of business strategies, planning and implementation. He is a third generation industrialist and has played a significant role in the development of the business. ii. Mr. Chanakya Prakash Mangal, aged 26 years is a Promoter - Managing Director of the Company. He holds Bachelor’s degree in Commerce from Gujarat University. He has been appointed as Managing Director for a period of 3 (Three) years w.e.f. March 1, 2022. He is having more than 8 years of experience in operations, accounts & finance and administration. He plays key role in administration of company. Under his leadership the company has established good public relations. iii. Mr. Chandragupt Prakash Mangal, aged 24 years is a Promoter- Managing Director of the Company. He holds degree in Supply Chain Management from Kelley School of Business, Indiana University and also holds level II badge in CFA from CFA Institute. He has been appointed as Managing Director for a period of 3 (Three) years w.e.f. March 1, 2022. He is having more than 6 years of experience in operations, finance, marketing and administration. He looks after the manufacturing units of company. Under his leadership the company has established good public relations.

Financials of Mangalam Worldwide Limited IPO:

Particulars (in Lakhs) Dec-22 Mar-21
Sales 31,315 30,193
Cost of Materials Consumed 24,014 22,195
Change in Inventories 126 134
Employee Benefits Expense 256 377
Other Expenses 6,334 7,045
Operating Profit 585 442
OPM % 1.87% 1.46%
Other Income 60.47 139.40
Finance Cost 143 221
Depreciation 2.43 1.85
Profit before tax 500 357
Total Tax Exps 127 92
Net Profit 374 265
NPM % 1.19% 0.88%
No. of shares 245 245
EPS 1.53 1.08

Comparison With Peers:

Name of the Company Sales (In Cr.) PAT (In Cr.) EPS PE RoCE Mcap (In Cr.) Returns 3Y Sales Growth (3Y)
Mangalam Worldwide Ltd 418 5.00 2.04 49.50 20.14% 247 - -
Shah Alloys Ltd. 886 82 41.5 1.69 103% 139 500% 55%
India Steel Works Ltd 65 -23 -0.57 - -3.06% 111 248% -88%

Recommendation on Mangalam Worldwide Limited IPO:

To be updated shortly

Lead Manager of Mangalam Worldwide Limited IPO:

  1. Beeline Broking Limited

Registrar of Mangalam Worldwide Limited IPO:

  1. Link Intime India Private Limited

Company Address:

102, Mangalam Corporate House, 42, Shrimali Society, Netaji Marg, Mithakhali, Navrangpura Ahmedabad- 380009, Gujarat

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