Mangalam Global Enterprise Rights Issue

Mangalam Global Enterprise Rights Issue will open for subscription from 03 June 2024. the company aims for an issue size of ₹41.20 Crores through this rights Issue.

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.

Objectives of the Issue

  • To Meet Working Capital Requirements
  • General corporate purposes
  • To meet Public Issue Expenses

Mangalam Global Enterprise Rights Issue Timetable

Last Date to buy shares23 May 2024
Record Date24 May 2024
Credit of Rights Entitlements
Bid/Offer Opens On03 June 2024
Renunciation of Rights Entitlements07 June 2024
Bid/Offer Closes On12 June 2024
Deemed Date of Allotment14 June 2024
Credit Date17 June 2024
Listing Date19 June 2024

Mangalam Global Enterprise Rights Issue Details

Issue OpenJune 3, 2024 – June 12, 2024
Security NameMangalam Global Enterprise Limited
Issue Size (Shares)20,600,000
Issue Size (Amount)₹41.20 Crores
Issue Price₹20 per share
Face Value₹2 per share
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.
Entitlement1 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax12.703.614.74
Reserves and Surplus86.7153.6444.51
Total Borrowing238.31119.94121.30
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270

Company Contact Information

Mangalam Global Enterprise Limited
101, Mangalam Corporate House
, 42, Shrimali Society, Netaji Marg
Mithakhali, Navrangpura, Ahmedabad-380009

Phone: +91 79 61615000

Final Thoughts

Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.

Happy investing

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