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.

What is the current subscription status of Mangalam Alloys Limited IPO?

Mangalam Alloys Limited IPO has received a total subscription of 5.62 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

5.62x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

2.51x

High Net-Worth

Retail (RII)

8.73x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 5.62x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
NIB	3,259,200	8,192,000	2.51x
RETAIL	3,260,800	28,451,200	8.73x
Total	6,520,000	36,643,200	5.62x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 8.51x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,501	13,104	8.73x
HNIs (10L +)	10	25	2.51x
HNIs (2-10L)	46	115	2.51x
Total Applications	1,557	13,244	8.51x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 is Mangalam Alloys Limited IPO GMP today?

Currently, Mangalam Alloys Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹80 to ₹80 per equity share.

What is the expected profit per lot for Mangalam Alloys Limited IPO?

The retail lot size is 1600 shares requiring a minimum application amount of ₹1,28,000. Expected listing price is ₹80 per equity share.

What is the issue size and price band for Mangalam Alloys Limited IPO?

The Mangalam Alloys Limited IPO aggregate issue size is ₹54.91 Crores with an equity price band set at ₹80 to ₹80 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,28,000.

How can I check Mangalam Alloys Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 5.62x (Retail: 8.73x, QIB: 0.00x, NII: 2.51x). You can track live multiples directly on our dedicated subscription page.

Where and when will Mangalam Alloys Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2023-09-27. Investors can verify status using PAN card or application number.

When is the listing date for Mangalam Alloys Limited IPO?

Mangalam Alloys Limited shares are scheduled to list on NSE on 2023-10-04.