ListedSMEMAL

Mangalam Alloys Limited

Mangalam Alloys Limited is a sme IPO raising ₹55 Cr at a fixed price of ₹80 a share. It listed on 4 Oct 2023 and trades at ₹33 today, −58.8% against its issue price of ₹80. It was subscribed 0.00× in total.

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₹80

Issue price

₹33

Price now

−58.8%

Since issue price

4 Oct 2023

Listed on

0.00×Subscribed (final) · all exchanges

No bids yet

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹80

Cut-off price₹80

Issue size₹55 Cr

Shares per lot1600

Minimum application₹1,28,000

Minimum quantity1600

Face value₹10

Listing exchanges—

ISININE00C401011

Bidding hours10:00 – 18:00 IST

Bidding window21 Sept 2023 – 25 Sept 2023

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.