Mangalam Global Enterprise Limited is being focusing on being a forerunner in the Agri industry, generally dealing in Castor and Cotton. With an remarkable financial track record, Mangalam Global Enterprise limited has made a reliable place in the market.
Mangalam Global Enterprise Limited IPO
Incorporated in the year 2010, Mangalam Global Enterprise Limited is established by the Ahmedabad based Mangalam group. It is largely engaged in the business of manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake as well as High Protein Castor De-Oiled Cake for domestic along with international markets. Castor oil mostly used in Lubricants, Paints, Sealants, Pharmaceuticals, Inks Cable Insulators, Textiles, and Rubber industries.
Other than this, it also manufactures Delineate Cotton Seeds and Cotton Bales (Lint Cotton). Mangalam Global also comprised in the trading business of Raw Cotton and Castor Seeds.
Mangalam Global IPO Details Here
The team of Mangalam Global Enterprise Limited is dedicated to attaining the best raw materials from both market as well as farms in order to increase the yields, profitability as well as the satisfaction of their customer.
Even though being new in the market, the company is at present being globally recognized because of the exceptional quality as well as well-timed deliveries in the international market. The company on the other hand it is dedicated to continually advance production through ground-breaking technologies and is progressively moving ahead towards instituting a name in the Castor Derivates market as well.
Mangalam Global IPO Tentative Date / Timetable
Its competitive strengths are: reliable quality output, expanded business model, domestic as well as global presence, strong customer base and so on.
Farpoint Enterprise LLP (Farpoint) as well as Hindprakash Castor Derivatives Private Limited (HCDPL) are the two subsidiaries of Mangalam Global with 51% stake.
Company Promoters:
The leading Promoter of the Company are as follows:
- Vipin Prakash Mangal
- Chanakya Prakash Mangal
- Chandragupt Prakash Mangal
Address: 101 Mangalam Corporate House,19/B Kalyan Society Nr MGI Sch, Ahmedabad, Gujarat, India.
Pincode: 380006
Telephone Number: 91-79-26442555
Email: [email protected]
Website: www.groupmangalam.com
Company Financials:
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
| 30-Jun-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 12,126.96 | 7,158.37 | 934.75 | 698.19 |
| Total Revenue | 14,649.93 | 38,995.21 | 2,689.83 | 268.71 |
| Profit After Tax | 99.60 | 244.95 | 25.89 | 9.41 |
Mangalam Global IPO Details
| Issue Open | 15th Nov 2019 to 20th Nov 2019 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size
(aggregating up to ₹21.57 Cr) |
4,230,000 Eq Shares of ₹10
|
| Fresh Issue
(aggregating up to ₹21.57 Cr) |
4,230,000 Eq Shares of ₹10
|
| Face Value | ₹10 Per Equity Share |
| Market Lot | 2000 Shares |
| Listing At | NSE SME |
Issue Terms
| Issue price / Floor Price (Rs) | 51.00 |
| Application per share (Rs) | 51.00 |
| Minimum investment amount (Rs) | 102,000.00 |
| Minimum bid (no of shares) | 2000 |
| Maximum Shares for Retail | 2000 |
Issue Date And Size
| Issue opens | 15th November 19 |
| Issue closes | 20th November 19 |
| Listing on | NSE – SME |
| Issue size (Rs cr) | 21.57 |
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