Tag: stainless steel

AHMEDABAD: Gujarat-based integrated stainless steel and special steel manufacturing company, Mangalam Alloys Ltd, is planning to raise up to Rs 54.91 crore from its SME IPO, which opens for subscription on Thursday, September 21, and closes on Monday, September 25. Company plans to utilize Rs 5.3 crore towards capital expenditure for business expansion, including R&D, Rs 27 crore for funding working capital requirements, Rs 12.3 crore for general corporate purposes. Following the SME IPO, the company’s shares shall be listed on the Emerge Platform of the National Stock...