Mangal Compusolution IPO
Open SmeCurrent GMP
₹2 (+4.44%)
Price Band
₹ 45 – 45
Lot Size
3000
Issue Size
₹16.23 Cr
Minimum Investment
₹270000 (6000 Shares)
Listing Date
20 November 2024
Subscription
34.65x
About the Company
Mangal Compusolution Limited, originally incorporated as Pathik Computer Systems Private Limited in 2011, changed its name to Mangal Compusolution Private Limited in 2012. The company was later converted from a private limited to a public limited company in 2023, adopting its current name.
Business Focus: The company provides comprehensive IT hardware solutions, specializing in the rental and sale of IT equipment. They offer a range of products, including servers, laptops, desktops, projectors, routers, workstations, and accessories. Their services cater to both small and large enterprises, with a significant focus on IT hardware rentals. Mangal Compusolution is particularly active in Maharashtra, which accounted for 96.87% of their revenue in Q1 2024.
The company’s rental services offer businesses the flexibility to scale their IT infrastructure as needed, without the burden of long-term ownership. Their services also include on-site setup and deployment of IT equipment, as well as ongoing support and maintenance. They offer both new and pre-owned IT hardware, ensuring cost-effective options for clients.
Key Products and Services:
- Rental Services: Servers, laptops, desktops, projectors, and other IT equipment.
- Customized Configurations: Tailored IT solutions for clients’ specific needs.
- Support and Maintenance: On-site installation, setup, and technical support with a 24-hour helpline.
- Used Equipment Sales: Offering used IT hardware at discounted prices, with warranties and maintenance.
Client Benefits: Mangal Compusolution helps businesses conserve capital expenditure (CAPEX), avoid technological obsolescence, and realize tax benefits through rental arrangements. Their equipment is designed for scalability, adapting to changing business needs.
Promoters and Leadership: The company is led by experienced promoters and key managerial personnel with over a decade of industry experience. The promoters include Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mukesh Khandubhai Desai, and Binny Pathik Desai, who play a significant role in guiding the company's growth and strategic direction.
Environmental Responsibility: The company is committed to environmental sustainability, offering energy-efficient products and recycling options.
Market Presence and Growth: Mangal Compusolution’s rental and IT hardware sales services are primarily concentrated in India, especially Maharashtra. They continue to expand their service offerings and maintain a reputation for reliable IT hardware solutions.
Promoters
- Hardik Meghraj Jain
- Neeta Mukesh Desai
- Pathik Mukesh Desai
- Mr. Mukesh Khandubhai Desai
- Mrs. Binny Pathik
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.50%
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects
- Capital Expenditure.
- General corporate purposes.
Address / Contact Info
Mangal Compusolution Limited
Unit No. 03, Satguru Nanak
Industrial Estate, Off Western
Express Highway, Goregaon
(East), Mumbai, Maharashtra,
India-400063.
Phone: +91-22-40360500
Email: compliance@mangalcompusolution.com
Website: https://www.mangalcompusolution.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 12 November 2024
IPO Close Date
Thursday, 14 November 2024
Basis of Allotment
Monday, 18 November 2024
Initiation of Refunds
Tuesday, 19 November 2024
Credit of Shares to Demat
Tuesday, 19 November 2024
Listing Date
Wednesday, 20 November 2024 — NSE & BSE
Important Dates
Open Date
12 November 2024
Close Date
14 November 2024
Basis Of Allotment
18 November 2024
Listing Date
20 November 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 4492.01 | 4552.12 | 4715.71 | 5267.09 |
| Revenue | 453.44 | 2344.42 | 3483.18 | 1848.78 |
| Profit After Tax | 80.97 | 385.8 | 704.09 | 86.62 |
| Net Worth | 2080.88 | 1999.9 | 1614.1 | 910 |
| Reserve & Surplus | 1080.88 | 999.9 | 1414.1 | 710 |
| Total Borrowings | 1862.75 | 2041.21 | 2652.3 | 3434.12 |
EPS Pre
3.86%
EPS Post
2.38%
P/E Pre
11.66
P/E (Post Issue)
18.90x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 3.97 |
| ROCE % | 2.05 |
| Debt / Equity | 0.9 |
| RoNW % | 15.56 |
| PbW | 2.16 |
| Pat Margin % | 19.82 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 186000 | 5.16 | 0 |
| Non-Institutional | 1710000 | 47.42 | 0 |
| Retail Investors | 1710000 | 47.42 | 0 |
| Total | 3606000 | 100 | 0 |
Subscription Status ( Thu, 14 Nov 24 01:09 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 0 | 0x |
| Non-Institutional | 1710000 | 38289000 | 22.39x |
| Retail Investors | 1710000 | 80211000 | 46.91x |
| Total | 3420000 | 118500000 | 34.65x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 135,000.00 |
| Retail (Max) | 1 | 3,000 | 135,000.00 |
| S-HNI (Min) | 2 | 6,000 | 270,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Jawa Capital Services Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Mangal Compusolution IPO is a Fixed price IPO worth ₹16.23 crores. The price band is ₹45 to 45 per share. The IPO opens on Tue, Nov 12, 2024 and closes on Thu, Nov 14, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Mangal Compusolution IPO opens on Tue, Nov 12, 2024 and closes on Thu, Nov 14, 2024
Mangal Compusolution IPO Price Band is ₹45 to 45.
Mangal Compusolution IPO lot size is 3000, and the minimum amount required for application is ₹270000.
The minimum investment for Mangal Compusolution IPO is approximately ₹270000 based on the upper price band.
To apply for the Mangal Compusolution IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Nov 14, 2024. After submission, funds are blocked until the basis of allotment of Mangal Compusolution IPO is finalised.
Mangal Compusolution IPO issue size is ₹16.23 crores.
Mangal Compusolution IPO allotment date is Sat, Jun 27, 2026.
The registrar for Mangal Compusolution IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Mangal Compusolution IPO through their official website or helpline.
The Mangal Compusolution IPO GMP (Grey Market Premium) is ₹2 as of Thu, Nov 21, 2024. Based on the upper price band of ₹45 per share, the estimated Mangal Compusolution IPO listing price is ₹47, indicating a potential listing gain of approximately 31% over the issue price.