Mangal Compusolution IPO Details
The Mangal Compusolution IPO is a fixed price issue with a total issue size of ₹16.23 cr, comprising of fresh issue of 3606000 equity shares. Mangal Compusolution IPO opened for subscription on Nov 12, 2024 and closed on Nov 14, 2024. Mangal Compusolution IPO has set the price at ₹45 per share, with a lot size of 3000 shares. Minimum investment for Retail investors was ₹270,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Nov 18, 2024, and listed on both the NSE and BSE on Nov 20, 2024.
Kfin Technologies Limited has been appointed as the registrar. Jawa Capital Services Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Mangal Compusolution IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 45 – 45
- Lot Size
- 3000
- Issue Size
- ₹16.23 Cr
- Minimum Investment
- ₹270000 (6000 Shares)
- Listing Date
- 20 November 2024
Current GMP
₹2 (+4.44%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Mangal Compusolution Limited
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.
Mangal Compusolution IPO 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%
Mangal Compusolution IPO Objective
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
Book Running Lead Managers
- Jawa Capital Services Private Limited
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 with a total issue size of ₹16.23 crore. The Mangal Compusolution IPO price band is ₹45 to 45 per share. The Mangal Compusolution IPO subscription opens on Tue, Nov 12, 2024, and closes on Thu, Nov 14, 2024. The Mangal Compusolution IPO will be listed on the BSE. Kfin Technologies Limited is the registrar for the Mangal Compusolution IPO.
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 per share.
Mangal Compusolution IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹270000 based on the upper price band
The minimum investment for Mangal Compusolution IPO is ₹270000, based on one lot of 3000 shares at the upper price band of ₹45 per share.
Investors can apply for the Mangal Compusolution IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Nov 14, 2024. The application amount remains blocked until the Mangal Compusolution IPO allotment is finalized.
Mangal Compusolution IPO issue size is ₹16.23 crores.
Mangal Compusolution IPO allotment date is Wed, Jul 1, 2026.
The registrar for Mangal Compusolution IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Mangal Compusolution IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.