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News Details

15/09/2023 13:10

Mangalam Alloys announces launch of initial public offering

Mangalam Alloys Ltd. has announced public offering of 6864000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 70.00 per share. The gross proceeds of the issue are expected to be Rs 5,491.20 lakhs.

The company's initial public offer (IPO) will open on 21 September 2023 and is expected to close on 25 September 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 6864000 Equity Shares of the Company at an price of Rs 80.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Mangalam Alloys Ltd. anticipates using the proceeds of the issue for .

Expert Global Consultants Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.