Upcoming IPO of MANGALAM GLOBAL ENTERPRISE.

Upcoming IPO of MANGALAM GLOBAL ENTERPRISE.

The IPO of MANGALAM GLOBAL Enterprise is open today and will close on 20 November.

Investors no longer shy from investing in large companies as well as SME companies to earn money. Many investors have made good money by investing big and small in SME companies.

The IPO of MANGALAM GLOBAL Enterprise is open today and will close on 20 November. Its issue price is 51 rupees. The company plans to raise Rs 21.57 crore from this IPO. It will be listed on NSE Emerg.

The company was launched in 2010. It is part of the Mangalam Group. It is a company based in Ahmedabad. It manufactures castor oil and DOC for domestic and international markets. It also has a presence in Thailand, Omana and China.

The company's customers include companies such as Adani Wilmar, Kandla Agro. If we look at the sales of the company, it is Rs 2.69 crore in the year 2017, Rs 26.9 crore in the year 2018 and Rs 390 crore in the year 2019.

At the same time, the company's profit was Rs 0.09 crore in the year 2017, Rs 0.26 crore in the year 2018 and Rs 2.5 crore in the year 2019.

The promoters hold 96.38 percent in the company before the issue and after the issue the promoters will hold 70.99 percent in the company.