Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹56.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,06,000 (2000 shares). The minimum lot size investment for 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 Date | July 24, 2024 to July 26, 2024 |
| Listing Date | July 31, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹53 to ₹56 per share |
| Issue Price Final | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,32,000 shares (aggregating up to ₹27.62 Cr) |
| Reserved for Market Maker | 5,22,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹2.92 Cr) |
| Net Offered to Public | 44,10,000 shares (aggregating up to ₹24.70 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,26,64,700 shares |
| Share Holding Post Issue | 1,75,96,700 shares |
Manglam Infra And Engineering IPO offers total 49,32,000 shares. Out of which 22,04,000 (44.69%) allocated to QIB, 8,82,000 (17.88%) allocated to QIB, 6,62,000 (13.42%) allocated to NII, 15,44,000 (31.31%) allocated to RII and 13,22,000 (26.80%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,22,000 (10.58%) |
| QIB Shares Offered | 22,04,000 (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 (13.42%) |
| Retail Shares Offered | 15,44,000 (31.31%) |
| Total Shares Offered | 49,32,000 (100.00%) |
Manglam Infra IPO raises ₹7.40 crore from anchor investors. Manglam Infra IPO Anchor bid date is July 23, 2024. Manglam Infra IPO Anchor Investors list
| Bid Date | July 23, 2024 |
| Shares Offered | 13,22,000 |
| Anchor Portion Size (In Cr.) | 7.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 27, 2024 |
Manglam Infra IPO opens on July 24, 2024, and closes on July 26, 2024.
| IPO Open Date | Wed, Jul 24, 2024 |
| IPO Close Date | Fri, Jul 26, 2024 |
| Tentative Allotment | Mon, Jul 29, 2024 |
| Initiation of Refunds | Tue, Jul 30, 2024 |
| Credit of Shares to Demat | Tue, Jul 30, 2024 |
| Tentative Listing Date | Wed, Jul 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 26, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,12,000 |
| Retail (Max) | 1 | 2,000 | ₹1,12,000 |
| HNI (Min) | 2 | 4,000 | ₹2,24,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Manglam Infra and Engineering Limited's revenue increased by 16.46% and profit after tax (PAT) rose by 22.06% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,318.23 | 2,104.13 | 1,673.32 |
| Total Income | 4,050.79 | 3,478.14 | 2,678.36 |
| Profit After Tax | 676.41 | 554.16 | 332.96 |
| Net Worth | 1,710.20 | 1,025.95 | 778.69 |
| Reserves and Surplus | 443.73 | ||
| Total Borrowing | 447.31 | 225.91 | 186.91 |
| Amount in ₹ Lakhs | |||
The market capitalization of Manglam Infra IPO is ₹98.54 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 5.34 | 3.84 |
| P/E (x) | 10.49 | 14.57 |
The company intend to utilize the proceeds of the issue to meet the following objectives:
[Dilip Davda] The company is in the business of providing consultancy and infra project related all kind of monitoring services. It marked steady growth in its top and bottom lines. It had an order book worth Rs. 78+ cr. as of May 31, 2024. It is poised for bright prospects ahead considering the mega spending on infra by government bodies. Investors may park funds for the medium to long term in this reasonably priced offer. Read detail review...
| Listing Date | July 31, 2024 |
| BSE Script Code | |
| NSE Symbol | MIEL |
| ISIN | INE0R3101011 |
| Final Issue Price | ₹56 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹106.40 |
| Low | ₹106.40 |
| High | ₹111.70 |
| Last Trade | ₹111.70 |
Manglam Infra & Engineering Ltd.
H.NO.46, Nikhil Nestles Jatkhedi
Hoshangabad Road, University
(Bhopal) Huzur,
Bhopal, Madhya Pradesh, 462026
Phone: +0755 4289475
Email: cs@manglaminfra.com
Website: https://www.manglaminfra.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Manglam Infra IPO is a SME IPO of 49,32,000 equity shares of the face value of ₹10 aggregating up to ₹27.62 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on July 24, 2024, and closes on July 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 July 24, 2024 and closes on July 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 Tuesday, July 30, 2024. Check the Manglam Infra IPO allotment status.
The Manglam Infra IPO listing date is on Wednesday, July 31, 2024.
Useful Articles
RHP