59  Total SME IPOs listed in 2025

2,613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

59  Total SME IPOs listed in 2025

2613.37 Crs.  Total funds raised in 2025

41  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Mangalam Alloys Limited IPO Analysis

Mangalam Alloys IPO is a Fixed Price listing on NSE EMERGE exchange. The company is based in Gandhinagar and caters to Steel sector. Expert Global Consultants is the merchant banker of Mangalam Alloys IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th March 2019.

Mangalam Alloys IPO posted revenues of ₹ 308.18 crores and PAT of ₹ 10.14 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 302.92 Cr.
            EBITDA: ₹ 31.92 Cr.
            PAT: ₹ 20.92 Cr.
  • EBITDA Margin: 10.54 %
            Pat Margin: 6.91 %
  • Net Worth: ₹ 79.03 Cr.
  • Market Capitalisation: ₹ 197.49 Cr.
  • P/E: 19.46 times
  • P/BV: 1.47 times
  • EV/EBITDA: 10.95 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

Mangalam Alloys IPO Financial Performance (Restated)

Financial results of Mangalam Alloys IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY23 FY22 FY21
Balance Sheet
Assets 332.01 300.67 312.11
Net Worth 79.03 68.95 63.90
Total Debt 153.53 163.62 167.69
Profit & Loss
Revenue
Revenue on annualised basis
302.92 310.65 301.03
EBITDA
EBITDA on annualised basis
31.92 26.86 11.57
PAT
PAT on annualised basis
20.92 13.13 3.27
Financials
FY23
FY22
FY21
Balance Sheet
Assets
332.01
300.67
312.11

Net Worth
79.03
68.95
63.90

Total Debt
153.53
163.62
167.69

Profit & Loss
Revenue
Revenue on annualised basis
302.92
302.92
310.65
301.03

EBITDA
EBITDA on annualised basis
31.92
31.92
26.86
11.57

PAT
PAT on annualised basis
20.92
20.92
13.13
3.27

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Mangalam Alloys IPO Key performance Indicators (KPI)

Mangalam Alloys IPO PAT Margin is 6.91 % , ROCE (Return on Capital Employed) is 999.99 % as per latest financial. The below table shows Mangalam Alloys IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY23 FY22 FY21
EBITDA Margin (%) 10.54 8.65 3.84
PAT Margin (%) 6.91 4.23 1.09
EPS (₹) 5.46 2.72 -3.52
ROE (%) 26.47 19.04 5.12
ROCE (%) 999.99 0.16 -0.01
ROA (%) 6.30 4.37 1.05
Debt to Equity 1.94 2.37 2.62
Particulars
FY23
FY22
FY21

EBITDA Margin (%)
10.54
8.65
3.84

PAT Margin (%)
6.91
4.23
1.09

EPS (₹)
5.46
2.72
-3.52

ROE (%)
26.47
19.04
5.12

ROCE (%)
999.99
0.16
-0.01

ROA (%)
6.30
4.37
1.05

Debt to Equity (x)  
1.94
2.37
2.62

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Mangalam Alloys IPO Valuation Metrics

The market Capitalisation of Mangalam Alloys IPO is ₹ 197.49 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
197.49

Enterprise Value (EV) (₹ Cr.):
349.64

EV/EBITDA (times) :
10.95

PE Multiple (times) :
19.46

P/B (times) :
1.47

NAV (₹) :
42.58

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Mangalam Alloys prospectus?

The Mangalam Alloys IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Mangalam Alloys IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Mangalam Alloys IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Mangalam Alloys IPO ?

The post-IPO market capitalisation of Mangalam Alloys IPO is ₹ 197.49 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Mangalam Alloys IPO?

The Mangalam Alloys IPO has a Price-to-Earnings (PE) ratio of 19.46 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Mangalam Alloys IPO?

Mangalam Alloys IPO reported revenue of ₹ 308.18 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Mangalam Alloys IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Mangalam Alloys IPO?

Mangalam Alloys recorded an EBITDA of ₹ 31.92 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Mangalam Alloys IPO?

Mangalam Alloys Profit After Tax (PAT) is ₹ 20.92 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 302.92 Cr.
            EBITDA: ₹ 31.92 Cr.
            PAT: ₹ 20.92 Cr.
  • EBITDA Margin: 10.54 %
            Pat Margin: 6.91 %
  • Net Worth: ₹ 79.03 Cr.
  • Market Capitalisation: ₹ 197.49 Cr.
  • P/E: 19.46 times
  • P/BV: 1.47 times
  • EV/EBITDA: 10.95 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Mangalam Alloys operates in Steel and Stainless Steel Melting. The Issue is listed on NSE EMERGE in Oct, 2023. Mangalam Alloys IPO size was 54.91 with Issue price of 80.00 .

Mangalam Alloys IPO subscription was 5.57 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Mangalam Alloys IPO listed at a listing price of 76.00 against the offer price of 80.00.

The current market price of Mangalam Alloys is 30.00.

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