Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Tue, Nov 12, 2024 - Thu, Nov 14, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Nov 12, 2024
IPO Close
Thu, Nov 14, 2024
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹61.23 Cr
| IPO Date | 12 to 14 Nov, 2024 |
| Listed on | Thu, Nov 21, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,06,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,86,000 shares Rikhav Securities Ltd. (agg. up to ₹0.8370 Cr) |
| Fresh Issue (Ex Market Maker) | 34,20,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 34,20,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,00,00,000 shares |
| Share Holding Post Issue | 1,36,06,000 shares |
| BSE Script Code | 544287 |
| ISIN | INE0RU901015 |
Mangal Compusolution IPO comprises a total issue size of 36,06,000 shares. The net offer to the public is 34,20,000 shares, after excluding 1,86,000 shares allotted on a firm basis. Of the Net offer 17,10,000 (50.00%) allocated to NII 17,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,10,000 | 50.00% | 47.42% |
| Retail Shares Offered | 17,10,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,86,000 | 5.16% | |
| Total Shares Offered | 36,06,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 44.92 | 45.52 | 47.16 | 52.67 |
| Total Income | 4.53 | 23.44 | 34.83 | 18.49 |
| Profit After Tax | 0.81 | 3.86 | 7.04 | 0.87 |
| NET Worth | 20.81 | 20.00 | 16.14 | 9.10 |
| Reserves and Surplus | 10.81 | 10.00 | 14.14 | 7.10 |
| Total Borrowing | 18.63 | 20.41 | 26.52 | 34.34 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 12.96 |
| 2 | General corporate purposes | 1.94 |
| KPI | Jun 30, 2024 |
|---|---|
| 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 (₹) | 3.86 | 2.38 |
| P/E (x) | 11.66 | 18.9 |
| Promoter Holding | 100% | 73.5% |
| Market Cap | ₹61.23 Cr. |
The Mangal Compusolution IPO is subscribed 34.59 times on November 14, 2024 6:19:07 PM (Day 3). The public issue subscribed 46.91 times in the retail category, [.] times in the QIB category, and 22.28 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 22.28 | 17,10,000 | 3,81,03,000 | 2,724 |
| Retail | 46.91 | 17,10,000 | 8,02,11,000 | 26,737 |
| Total | 34.59 | 34,20,001 | 11,83,14,000 | 29,461 |
Total Application : 29,461
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.20 |
| 2 | Registrar to the Issue | 0.03 |
| 3 | Legal Advisors | 0.02 |
| 4 | Advertising and marketing Expenses | 0.03 |
| 5 | Regulators including Stock Exchange | 0.05 |
| 6 | Printing and Distribution of issue stationery | 0.01 |
| 7 | Others fees payable to Marketing & Distribution expenses, Selling Commission, Brokerage, Underwriter, Market Maker, Processing fees, etc and other miscellaneous expenses | 1.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹45.00 |
| Low | ₹42.75 |
| High | ₹45.00 |
| Last Trade | ₹42.75 |
Lead Manager Reports
Mangal Compusolution IPO is a SME IPO of 36,06,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Nov 12, 2024, and closes on Thu, Nov 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 Tue, Nov 12, 2024 and closes on Thu, Nov 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 Tue, Nov 19, 2024. Check the Mangal Compusolution IPO allotment status.
The Mangal Compusolution IPO listing date is on Thu, Nov 21, 2024.
