Mangalam Global Enterprise Limited Right Issue

₹41.20 Cr NSE 3 Jun 2024 – 12 Jun 2024

Closed Ratio: 1 : 7 NSE
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Issue Price
₹20.00
Face Value
₹2.00
Issue Size (Shares)
20,600,000
Issue Size (₹ Cr.)
₹41.20
📅 Right Issue Timetable
Last Date to Buy SharesThu, May 23, 2024
Record DateFri, May 24, 2024
Credit of Rights Entitlements
Bid/Offer Opens OnMon, Jun 3, 2024
Issue Open DateMon, Jun 3, 2024
Renunciation Last DateFri, Jun 7, 2024
Bid/Offer Closes OnWed, Jun 12, 2024
Issue Close DateWed, Jun 12, 2024
Deemed Date of AllotmentFri, Jun 14, 2024
Credit DateMon, Jun 17, 2024
Listing DateWed, Jun 19, 2024
📋 Right Issue Details
Issue Size (Shares)20,600,000
Issue Size (Amount)₹41.20 Cr.
Issue Price₹20.00 per share
Face Value₹2.00 per share
Entitlement Ratio1 : 7
Listing AtNSE
Terms of PaymentThe entire amount of the Issue Price of ₹20 per Rights Equity Share shall be payable at the time of Application.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-312021-03-31
Income1,430.441,283.22964.69
EBITDA
Net Worth
Reserves & Surplus86.7153.6444.51

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To Meet Working Capital Requirements
2General corporate purposes
3To meet Public Issue Expenses
🏢 About the Company
Incorporated in 2010, Mangalam Global Enterprise Limited manufactures and trades edible and non-edible oils, including soya oil, mustard oil, and refined vegetable oil. They also trade agricultural products such as wheat and rice domestically and for export.

The company distributes its products in key states including Gujarat, Rajasthan, Delhi, Maharashtra, and West Bengal. Also, the company exports its products to countries such as China, Thailand, France, Belgium, Oman, the Netherlands, Mexico, and Turkey. The company falls under the category of a 2 Star Export House.

Mangalam Global Enterprise has a separate business unit in Singapore through a Wholly Owned Subsidiary - Mangalam Global (Singapore) Pte. Ltd. It is engaged in wholesale trading of goods like rice, scrap iron and steel, and refined castor oil.

The company has three manufacturing units one in Sanand- Gujarat and the other two situated in Kheda- Gujarat.

As of December 31, 2023, the company has 58 employees at the Manufacturing Facility and Registered Office. They oversee manufacturing operations, including production, quality control, technical services, stores, administration, marketing, accounting, secretarial, and other functions.
📞 Company Contact
CompanyMangalam Global Enterprise Limited
Address101, Mangalam Corporate House
, 42, Shrimali Society, Netaji Marg
Mithakhali, Navrangpura, Ahmedabad-380009
Ahmedabad, Gujarat, 380009
Phone+91 79 61615000
Emailcs@groupmangalam.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailmangalamglobal.rights@linkintime.co.in
WebsiteVisit ↗