What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Mangalam Alloys Limited IPO allotment date?

The basis of allotment for Mangalam Alloys Limited IPO is scheduled to be finalized on 27 Sep 2023.

Where can I check Mangalam Alloys Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Skyline Financial Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 28 Sep 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Mangalam Alloys Limited

ListedSME

Metals & Alloys · NSE

Incorporated in 1988, Mangalam Alloys Limited is a stainless-steel manufacturer producing SS ingots and various finished products like SS black bars, bright round/hex/square bars, angles, pattis, forgings, and fasteners in over 30 international grades, ranging from 3 mm to 400 mm. The company recycles stainless steel scrap, melts it using three furnaces, and converts it into rounds and flats through rolling, annealing, and bright bar processing. Its manufacturing unit spreads across 40,000 sq. meters with a 25,000 TPA melting capacity, and the company reported revenues of ₹30,292.25 lakhs in FY23, ₹30,936.90 lakhs in FY22, and ₹27,125.88 lakhs in FY21.

Price Band

₹80

Issue Size

₹54.91 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹80

at current GMP

Subscribed

5.62x

overall

Open

21 Sep 2023

25 Sep 2023

Allotment

27 Sep 2023

Refund

28 Sep 2023

Demat Credit

29 Sep 2023

Listing

4 Oct 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Mangalam Alloys Limited Allotment Status

Designated Registrar: Skyline Financial Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

27 Sep 2023

Basis finalization

Refunds Initiate

28 Sep 2023

Mandate release

Demat Credit

29 Sep 2023

Shares in demat

Listing Debut

4 Oct 2023

Trading begins

About Mangalam Alloys Limited Public Issue & Market Profile

Mangalam Alloys Limited is bringing an initial public offering (IPO) in the Metals & Alloys sector with an aggregate issue size of ₹54.91 Crores. The shares are offered at a price band of ₹80 to ₹80 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2023-09-25, the basis of allotment is scheduled to be finalized on 2023-09-27. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.