Mangal Compusolution IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 12 Nov 2024
Close Date
Thu, 14 Nov 2024
Issue Price
₹ 45
Lot Size
3000
Issue Size
₹ 16.23 Cr
Minimum Investment
₹ 270,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Mangal Compusolution IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹16.23 Crore, comprising a fresh issue of 36.06 Lakh equity shares aggregating to ₹16.23 Crore.
The Mangal Compusolution IPO remained open for subscription from November 12, 2024, to November 14, 2024. The basis of allotment was finalized on November 18, 2024, and the company's shares were listed on BSE SME Platform on November 20, 2024.
The company had fixed the price at ₹45 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹270,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Jawa Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Mangal Compusolution Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Mangal Compusolution IPO Timeline (Tentative)
- IPO Open Date
- Tue, 12 Nov 24
- IPO Close Date
- Thu, 14 Nov 24
- Basis of Allotment
- Mon, 18 Nov 24
- Initiation of Refunds
- Tue, 19 Nov 24
- Credit of Shares to Demat
- Tue, 19 Nov 24
- Listing Date
- Wed, 20 Nov 24 — NSE & BSE
Open Date
12 November 2024
Close Date
14 November 2024
Basis Of Allotment
18 November 2024
Listing Date
20 November 2024
IPO Subscription
Check Live Subscription →The Mangal Compusolution IPO has received bids for 11,85,00,000 shares against 34,20,000 shares offered, resulting in an overall subscription of 34.65x. the NII category is subscribed 22.39x, Retail Investors 46.91x, and QIBs 0x.
QIB
0x
NII
22.39x
RII
46.91x
Total
34.65x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 17,10,000 shares, representing 47.42% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 17,10,000 shares (47.42%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 186,000 | 5.16% |
| Non-Institutional | 1,710,000 | 47.42% |
| Retail Investors | 1,710,000 | 47.42% |
| Total | 3,606,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Mangal Compusolution Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Mangal Compusolution Limited Address / Contact Details
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
Mangal Compusolution IPO Lot Size
The Mangal Compusolution IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,35,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,35,000.
| 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 |
Issue Reservation
- Market Maker — 5.16%
- NII — 47.42%
- RII — 47.42%
Book Running Lead Managers
- Jawa Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Mangal Compusolution 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.
When will the Mangal Compusolution IPO open for subscription?
The Mangal Compusolution IPO opens on Tue, Nov 12, 2024 and closes on Thu, Nov 14, 2024
What is Mangal Compusolution IPO Price Band?
Mangal Compusolution IPO Price Band is ₹45 to 45 per share.
What is Mangal Compusolution IPO Lot Size?
Mangal Compusolution IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹270000 based on the upper price band
What is the minimum investment for Mangal Compusolution IPO?
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.
How to apply for Mangal Compusolution IPO?
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.
What is Mangal Compusolution IPO Issue Size?
Mangal Compusolution IPO issue size is ₹16.23 crores.
What is the Mangal Compusolution IPO Allotment Date?
Mangal Compusolution IPO allotment date is Mon, Nov 18, 2024.
Who is the Mangal Compusolution IPO Registrar?
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.
What is the Mangal Compusolution IPO GMP?
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 4.44% over the issue price.
Who is the Mangal Compusolution IPO Lead Manager?
The book-running lead managers (BRLMs) for the Mangal Compusolution IPO are Jawa Capital Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Mangal Compusolution IPO Red Herring Prospectus (RHP).