Mangalam Worldwide Migrates to NSE Main Board; Stock Inches Up on Listing Day

Ahmedabad, 18 September 2025 – Mangalam Worldwide Limited (NSE: MWL) commenced trading on the National Stock Exchange’s Capital Market Segment (Main Board) today after its migration from the SME Emerge platform. The stock of the company opened at ₹265, a good beginning, and as of 12:20 p.m., it was trading at ₹245.00, up by 0.33% against the previous close of ₹244.20.

Incorporated in 1995 and headquartered in Ahmedabad, Mangalam Worldwide Limited is a business of Iron and Steel Products. With over eight decades of reliable service in its background, the company has successfully established its presence in the industry and has taken a quantum leap by getting listed on the NSE Main Board.

Migration Approval

The migration had been sanctioned by the National Stock Exchange in its September 16, 2025, order. As part of this exercise, 2.97 crore fully paid-up equity shares of face value of ₹10 each were allowed to be listed on NSE Main Board with effect from September 18, 2025.

Reason for Not Applying to BSE

The company clarified that it did not make a BSE Main Board application following changes to BSE’s migration policy made public on August 11, 2025.

Debut Day Performance

On the listing day, Mangalam Worldwide’s shares moved in a high-low of ₹237.30 and ₹265, before closing at ₹249.95. The volume-weighted average price was ₹249.77. The total volume traded was 34,000 shares, and the traded value was ₹0.85 crore. The company’s market capitalisation at the current price stood at ₹742.37 crore.

Lock-in Period Details

As per the NSE approval, certain holdings of the promoters and investors are lock-in until November 15, 2025, and November 30, 2026, and the rest are freely tradeable.

Management Commentary

Commenting on the milestone, Mangalam Worldwide Company Secretary and Compliance Officer Apexa Panchal said that Main Board listing is a key milestone in the company’s capital market journey, enhancing its visibility and investor engagement.

Future Outlook

The NSE Main Board listing is expected to promote the corporate image of Mangalam Worldwide, improve liquidity for its shareholders, and provide it with improved access to institutional investors. The firm intends to increase its business in the steel division and prepare itself for long-term growth since India is experiencing increasing infrastructure and industrial demand.

REF: https://nsearchives.nseindia.com/corporate/MWL_17092025104530_IntimationforMigration_17092025_S.pdf

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