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Mangal Compusolution IPO is a fixed price issue of ₹16.23 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹16.23 crore.
Mangal Compusolution IPO bidding started from Nov 12, 2024 and ended on Nov 14, 2024. The allotment for Mangal Compusolution IPO was finalized on Nov 18, 2024. The shares got listed on BSE SME on Nov 21, 2024.
Mangal Compusolution IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Jawa Capital Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Mangal Compusolution IPO RHP for detailed Information.
| IPO Date | November 12, 2024 to November 14, 2024 |
| Listing Date | November 21, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,06,000 shares (aggregating up to ₹16.23 Cr) |
| Reserved for Market Maker | 1,86,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.8370 Cr) |
| Net Offered to Public | 34,20,000 shares (aggregating up to ₹15.39 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,06,000 shares |
Mangal Compusolution IPO offers total 36,06,000 shares. Out of which 17,10,000 (47.42%) allocated to NII, 17,10,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,86,000 (5.16%) |
| NII (HNI) Shares Offered | 17,10,000 (47.42%) |
| Retail Shares Offered | 17,10,000 (47.42%) |
| Total Shares Offered | 36,06,000 (100.00%) |
Mangal Compusolution IPO opens on November 12, 2024, and closes on November 14, 2024.
| IPO Open Date | Tue, Nov 12, 2024 |
| IPO Close Date | Thu, Nov 14, 2024 |
| Tentative Allotment | Mon, Nov 18, 2024 |
| Initiation of Refunds | Tue, Nov 19, 2024 |
| Credit of Shares to Demat | Tue, Nov 19, 2024 |
| Tentative Listing Date | Thu, Nov 21, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 14, 2024 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in April 2011, Mangal Compusolution Limited provides hardware rental solutions to fulfill the needs of businesses across various industries. The company rents IT hardware and offers comprehensive end-to-end IT equipment. It rents diverse IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories.
Mangal Compusolution provides small and large enterprises with customizable IT hardware products, including laptops, desktops, servers, and other equipment, to meet clients' specific requirements.
Competitive Strength:
As of September 30, 2024, the company has 24 full-time employees and five directors, including one Managing Director, one Executive Director, one Non-Executive Director, and three Independent Directors.
Mangal Compusolution Limited's revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,492.01 | 4,552.12 | 4,715.71 | 5,267.09 |
| Total Income | 453.44 | 2,344.42 | 3,483.18 | 1,848.78 |
| Profit After Tax | 80.97 | 385.80 | 704.09 | 86.62 |
| Net Worth | 2,080.88 | 1,999.90 | 1,614.10 | 910.00 |
| Reserves and Surplus | 1,080.88 | 999.90 | 1,414.10 | 710.00 |
| Total Borrowing | 1,862.75 | 2,041.21 | 2,652.30 | 3,434.12 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Mangal Compusolution IPO is ₹61.23 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROE | 3.97% |
| ROCE | 2.05% |
| Debt/Equity | 0.90 |
| RoNW | 15.56% |
| PAT Margin | 19.82% |
| Price to Book Value | 2.16 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.86 | 2.38 |
| P/E (x) | 11.66 | 18.9 |
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects
[Dilip Davda] The company is engaged in the business of providing IT hardware solutions and related services. It posted inconsistency in its top and bottom lines for the reported periods. The company is operating in a highly competitive and fragmented segment. Based on FY25 annualized earnings, the issue appears fully priced. There is no harm in skipping this “High Risk/Low Return” fully priced bet. Read detail review...
| Listing Date | November 21, 2024 |
| BSE Script Code | 544287 |
| NSE Symbol | |
| ISIN | INE0RU901015 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹42.75 |
| High | ₹45.00 |
| Last Trade | ₹42.75 |
Mangal Compusolution Ltd.
Unit No. 03, Satguru Nanak Industrial Estate
Off Western Express Highway,
Goregaon (East), Mumbai-400063
Goregaon, Maharashtra
Phone: +91-22-40360500
Email: compliance@mangalcompusolution.com
Website: https://www.mangalcompusolution.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mangalcomp.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Mangal Compusolution IPO is a SME IPO of 36,06,000 equity shares of the face value of ₹10 aggregating up to ₹16.23 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on November 12, 2024, and closes on November 14, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mangal Compusolution IPO using UPI as a payment gateway. Zerodha customers can apply in Mangal Compusolution IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mangal Compusolution IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mangal Compusolution IPO opens on November 12, 2024 and closes on November 14, 2024.
Mangal Compusolution IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Mangal Compusolution IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mangal Compusolution IPO will be done on Monday, November 18, 2024, and the allotted shares will be credited to your demat account by Tuesday, November 19, 2024. Check the Mangal Compusolution IPO allotment status.
The Mangal Compusolution IPO listing date is on Thursday, November 21, 2024.
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