Mangalam Worldwide IPO Subscription Status [ Final ]

The Mangalam Worldwide IPO has begun on 30 June 2022. It will close on 04 July 2022. The Total IPO Size is 65.58 Crore. The company set its IPO price is 101 Rs Per Share. Basically, there are two basic categories in Mangalam Worldwide IPO Subscription 1) Non Institutional Investors 2) Retail Individual Investors (RIIs).

Mangalam Worldwide 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 our 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. Our company is also engaged in trading of steel – scrap, ferro alloys, etc.

The products are used across industries like food and dairy equipment’s, Utensils, oil and gas, aerospace and medical devices among others. The major customers are spread across states Rajasthan, Gujarat, Maharashtra and Uttarpradesh. Recently, They have also started exporting the products to Brazil.

Mangalam Worldwide IPO Subscription Status ( 04-July-2022 )

Day 1 (times) Day 2 (times)
NII 0.44 1.28 2.20
Retail 0.05 0.13 0.46
Total 0.25 0.70 1.33

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