The Mangal Compusolution IPO, set at a fixed price issue of ₹16.23 crores, consists entirely of a fresh issuance of 36.06 lakh shares.
The subscription period for this IPO is scheduled from November 12 to November 14, 2024. The allotment process is expected to be finalized on November 18, 2024, with the tentative listing on the BSE SME slated for November 20, 2024.
The IPO is priced at ₹45 per share, with a minimum application requirement of 3,000 shares. For retail investors, the minimum investment amount is ₹135,000. High Net-worth Investors (HNIs) are required to apply for a minimum of 2 lots, totaling 6,000 shares, with an investment of ₹270,000.
Refer to Mangal Compusolution IPO RHP for detailed information.
| IPO Date | November 12, 2024 to November 14, 2024 |
| Listing Date | November 20, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ -- to ₹ 45 / Share |
| Lot Size | 3000 Shares |
| Total Issue Size | ₹16.23 Cr |
| Fresh Issue | ₹16.23 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,606,000 |
| Market Maker portion | 186,000 shares |
Mangal Compusolution Limited IPO opens on November 12, 2024, and closes on November 14, 2024.
| IPO Open Date | November 12, 2024 |
| IPO Close Date | November 14, 2024 |
| Basis of Allotment | November 18, 2024 |
| Initiation of Refunds | November 19, 2024 |
| Credit of Shares to Demat | November 19, 2024 |
| Listing Date | November 20, 2024 |
| Cut-off time for UPI mandate confirmation | November 14, 2024 |
Investors are permitted to place bids starting with a minimum of 3,000 shares, with additional bids made in multiples of this lot size. The table below outlines the minimum and maximum investment requirements for retail investors and High Net-worth Investors (HNIs) in terms of both the number of shares and the corresponding investment amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | Rs.135,000 |
| Retail (Max) | 1 | 3,000 | Rs.135,000 |
| S-HNI (Min) | 2 | 6,000 | Rs.270,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | 50% of the Net Issue |
|
| QIB Shares Offered | |
|
| NII (HNI) Shares Offered | |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 50% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Mangal Compusolution Limited, established in April 2011, specializes in providing hardware rental solutions catering to the requirements of businesses across multiple industries. The company offers a range of IT hardware on a rental basis, delivering comprehensive end-to-end IT equipment solutions. The rental offerings include a variety of IT equipment such as servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA systems, and various accessories.
Customizable IT hardware products, including laptops, desktops, servers, and other equipment, are made available by Mangal Compusolution to meet the specific requirements of both small and large enterprises.
The company's primary client base is concentrated in Maharashtra, although its services are offered across all of India.
The business operations of the company are categorized into the following segments:
Competitive Strength:
| KPI | Values |
|---|---|
| ROE | 3.97% |
| ROCE | 2.05% |
| Debt/Equity | 0.9 |
| RoNW | 15.56% |
| P/BV | 2.16 |
| PAT Margin (%) | 19.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.86 | 2.38 |
| P/E (x) | 11.66 | 18.9 |
The net proceeds from the issue are proposed to be utilized for the following objectives:
Mangal Compusolution Limited Unit No. 03, Satguru Nanak Industrial Estate Off Western Express Highway, Goregaon (East), Mumbai-400063 Phone: +91-22-40360500 Email: compliance@mangalcompusolution.com Website: https://www.mangalcompusolution.com/ |
Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: mangalcomp.ipo@kfintech.com |
Lamfindia specializes in offering innovative financial solutions, including stock broker services, mutual fund investments, and IPO guidance.