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Mangalam Alloys Limited confirms that the Rs. 54.91 Cr raised through its IPO has been utilized as planned, with Rs. 27 Cr for working capital, Rs. 5.33 Cr for expansion and R&D capital expenditure, Rs. 12.25 Cr for general corporate purposes, and Rs. 4.43 Cr for issue expenses. This alignment assures shareholders that the company is effectively deploying funds to support operations and growth without any deviations.