About the Company:
Mangalam Global Enterprises Ltd is mainly engaged in the business of manufacturing of Refined Castor Oil First Stage Grade (F.S.G.),Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market as well as for exports to international markets.
Company has also diversified the business operations into manufacturing of Cotton Bales (Lint Cotton) and Delineate Cotton Seeds.
Company was engaged in the trading business before starting commercial manufacturing of products in the FY 2018-19.
Company has one cotton processing unit at Harij, Gujarat and two well-equipped Castor processing units at Harij and Palanpur, Gujarat respectively for undertaking manufacturing operations of above mentioned two product segments. Company is also engaged in the trading of Castor Seeds and Raw Cotton.
Manufacturing Facilities:
Company’s Castor oil manufacturing facilities situated at Harij and Palanpur, Gujarat are installed with automated machineries having crushing and processing capacity of 450 MT Castor Seeds per day at each facilities.
The said manufacturing units are equipped with installed capacity of producing 225 MT Castor Refined Oil (F.S.G.) per day and 220 MT Castor De- Oiled Cake per day at each facilities. Both facilities also have solvent capacity of 200 MT.
Company’s Presence:
Company has marked its presence in both domestic as well as global markets.
Company supplies its products in states such as Gujarat, Rajasthan, Delhi, Maharashtra, and West Bengal.
In order to capture growing demand for Castor Oil in international market and to create a more responsive and cost-effective supply chain, company has started export operations and export its products to countries such as Thailand, Oman.
Company’s Subsidiaries:
Company has 51% holding in Hindprakash Castor Derivatives Private Limited (HCDPL) and Farpoint Enterprise LLP (Farpoint), thus making them as our Subsidiary
Companies.
HCDPL is engaged in the business of manufacturing of castor oil, castor oil derivatives, edible and non-edible oils, oilseeds, oil cakes, kernels and by-products and trading of chemicals, dyes, dyestuff, colour chemicals & intermediates.
Farpoint is engaged in the business of Manufacturing and trading of all types of articles, goods and commodities.
Company has recently started a separate business unit at Singapore by incorporating Wholly Owned Subsidiary – Mangalprakash (Singapore) PTE. Limited. It is engaged in the business of Whole Sale Trading of Goods.
Management Team:
- Mr. Vipin Prakash Mangal (Designation: Chairman & Executive Director)
- Mr. Chanakya Prakash Mangal (Designation: Joint Managing Director & COO)
Objectives of the Issue:
- Funding the working capital requirements of the Company.
- General corporate purposes.
Financials of the Company:
| (in Crores) | FY 17 | FY 18 | FY 19 |
|---|---|---|---|
| Revenue | 2.68 | 26.89 | 389.95 |
| Net Profit | 0.09 | 0.25 | 2.44 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Mangalam Global Enterprise Ltd | 10 | 2.31 | 22.08 | 6.62 | 29.52 |
| Gokul Agro Resources Ltd | 2 | 0.39 | 36.18 | 2.44 | 15.89 |
| Jayant Agro Organics Ltd | 5 | 15.83 | 8.59 | 15.00 | 105.56 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 15th November 2019 |
| Issue Closes on:. | 20th November 2019 |
| Issue Price | Rs.51 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,02,000 |
| Issue Constitutes | 26.34% |
| Issue Size | Rs.21.57 cr |
| Market Cap | Rs.81.89 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 42,30,000 |
| Equity Shares Prior to the Issue | 1,18,27,410 |
| Equity Shares after the issue | 1,60,57,410 |
Also Read: Complete List of Upcoming SME IPO.
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.31 | 22.08 | 6.62% | 29.52 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Company Contact Info: |
|---|
| MANGALAM GLOBAL ENTERPRISE LIMITED 101, Mangalam Corporate House, 19/B Kalyan Society near M.G. International School, Mithakhali, Ahmedabad -380006, Gujarat, India Tel: 079 26442555 Email: info@groupmangalam.com Website: www.groupmangalam.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra , India Tel: +91 22 4918 6200 Email: mangalam.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
