Bookbuilding IPO | ₹28 Cr | Listed at NSE SME | Wed, Jul 24, 2024 - Fri, Jul 26, 2024
Manglam Infra IPO is a book build issue of ₹27.62 crores. The issue is entirely a fresh issue of 0.49 crore shares of ₹27.62 crore.
Manglam Infra IPO bidding started from Jul 24, 2024 and ended on Jul 26, 2024. The allotment for Manglam Infra IPO was finalized on Jul 29, 2024. The shares got listed on NSE SME on Jul 31, 2024.
Manglam Infra IPO price band is set at ₹56 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,12,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,24,000.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Manglam Infra IPO RHP for detailed Information.
IPO Open
Wed, Jul 24, 2024
IPO Close
Fri, Jul 26, 2024
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹98.54 Cr
| IPO Date | 24 to 26 Jul, 2024 |
| Listed on | Wed, Jul 31, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 49,32,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 5,22,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 44,10,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 44,10,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,26,64,700 shares |
| Share Holding Post Issue | 1,75,96,700 shares |
| NSE Symbol | MIEL |
| ISIN | INE0R3101011 |
Manglam Infra IPO comprises a total issue size of 49,32,000 shares. The net offer to the public is 44,10,000 shares, after excluding 5,22,000 shares allotted on a firm basis. Of the Net offer 22,04,000 (49.98%) are allocated to QIB, 6,62,000 (15.01%) allocated to NII 15,44,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,04,000 | 49.98% | 44.69% |
| − Anchor Investor Shares Offered | 13,22,000 | 26.80% | |
| − QIB (Ex. Anchor) Shares Offered | 8,82,000 | 17.88% | |
| NII (HNI) Shares Offered | 6,62,000 | 15.01% | 13.42% |
| Retail Shares Offered | 15,44,000 | 35.01% | 31.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 5,22,000 | 10.58% | |
| Total Shares Offered | 49,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,12,000 |
| Retail (Max) | 1 | 2,000 | ₹1,12,000 |
| HNI (Min) | 2 | 4,000 | ₹2,24,000 |
Manglam Infra IPO raises ₹7.40 crore from anchor investors. Manglam Infra IPO Anchor bid date is July 23, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 23, 2024 |
| Shares Offered | 13,22,000 |
| Anchor Portion (₹ Cr.) | 7.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 27, 2024 |
Incorporated in 2010, Manglam Infra and Engineering Limited is a company that helps manage infrastructure projects. They provide detailed project reports, supervise and control quality, and handle the operation and maintenance of things like highways, bridges, tunnels, and urban buildings.
The company offers design, engineering, procurement, construction, and integrated project management services.
The company's services include DPR and feasibility studies, Operations & Maintenance Works, Project Management Consultancy, Independent Consultancy, Project Planning, Designing, Estimation, Supervision and Quality Control, Authority Engineer Supervision, Independent Engineer Services, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges & Roads.
The company has provided services in states like Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana. In total, they have completed 127 projects. Out of these, 116 projects were done independently, and 11 projects were completed through joint ventures and MoUs with the central government.
As of May 31, 2024, the company has 272 employees out of which 159 are qualified engineers.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 33.18 | 21.04 | 16.73 |
| Total Income | 40.51 | 34.78 | 26.78 |
| Profit After Tax | 6.76 | 5.54 | 3.33 |
| NET Worth | 17.10 | 10.26 | 7.79 |
| Reserves and Surplus | 4.44 | ||
| Total Borrowing | 4.47 | 2.26 | 1.87 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements, and | 19.35 |
| 2 | General corporate purposes | 4.97 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 49.44% |
| ROCE | 44.95% |
| Debt/Equity | 0.26 |
| RoNW | 49.44% |
| PAT Margin | 16.81% |
| Price to Book Value | 4.15 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.34 | 3.84 |
| P/E (x) | 10.49 | 14.57 |
| Promoter Holding | 100% | 71.97% |
| Market Cap | ₹98.54 Cr. |
The Manglam Infra And Engineering IPO is subscribed 394.42 times on July 26, 2024 6:20:01 PM (Day 3). The public issue subscribed 371.72 times in the retail category, 163.04 times in the QIB category, and 756.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 163.04 | 8,82,000 | 14,38,00,000 |
| NII* | 756.73 | 6,60,000 | 49,94,44,000 |
| Retail | 371.72 | 15,44,000 | 57,39,40,000 |
| Total | 394.42 | 30,86,000 | 1,21,71,84,000 |
Total Application : 2,86,970
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue relating expenses such as fees to Book Running Lead manager Fixed Fee, Registrar to the Issue, Legal Advisors, Auditors, statutory advertisements and other expenses incurred / to be incurred including promotional expenses | 1.87 |
| 2 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.22 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees, other regulatory expenses and sundry expenses. | 0.22 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹106.40 |
| Low | ₹106.40 |
| High | ₹111.70 |
| Last Trade | ₹111.70 |
Lead Manager Reports
Manglam Infra IPO is a SME IPO of 49,32,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Jul 24, 2024, and closes on Fri, Jul 26, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Manglam Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Manglam Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manglam Infra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manglam Infra IPO opens on Wed, Jul 24, 2024 and closes on Fri, Jul 26, 2024.
Manglam Infra IPO lot size is 2000, and the minimum amount required for application is ₹1,12,000.
You can apply in Manglam Infra 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 Manglam Infra IPO will be done on Monday, July 29, 2024, and the allotted shares will be credited to your demat account by Tue, Jul 30, 2024. Check the Manglam Infra IPO allotment status.
The Manglam Infra IPO listing date is on Wed, Jul 31, 2024.
