Mangalam Alloys IPO: Issue subscribed over 4 times so far on last day; retail category booked 6.5x
₹54.91 crore worth Mangalam Alloys IPO, which opened for subscription on September 21, will close today, September 25. Mangalam Alloys Ltd is a manufacturer of SS Ingots, SS Black Bar, SS RCS, SS Bright Round Bar, Bright Hex Bar, Bright Square Bar, Forgings, and Fasteners in more than 30 international grades.
Mangalam Alloys IPO is an SME IPO and a fixed price issue. Let us check Mangalam Alloys IPO subscription status, latest GMP and other key details: Mangalam Alloys IPO has been subscribed 4.05 times so far on Monday, the third and the last day of the bidding process.
The public issue received bids for 2.63 crore equity shares as against 65.20 lakh shares on the offer, till 1:40 PM. The IPO has been subscribed 6.5 times in the retail category and 1.70 times in the Non-Institutional Investors’ (NII) category, according to data available on NSE.
Also Read: Inspire Films IPO: Issue opens today; check GMP, subscription status, other details in 10 points Mangalam Alloys IPO GMP today, or grey market premium today, has fallen to ₹18 per share from ₹25 on Friday, as per market observers. This indicates that the Mangalam Alloys share price is trading higher by ₹18 than their issue price, in the grey market With the latest GMP today and the IPO price, Mangalam Alloys share listing is estimated to be at ₹98 apiece, which is at 31.25% premium to the issue price.
Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Mangalam Alloys IPO opened for subscription on September 21 and will close on September 25. The company will finalise the basis of IPO allotment on September 29 and initiate refunds on October 3, while credit the shares in
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