The Mangal Compusolution IPO is all set to hit the market on November 12, 2024. Here’s everything you need to know about this upcoming IPO, from subscription details to allotment dates and financial performance.
Mangal Compusolution IPO Details with Table
| IPO Details | Information |
|---|---|
| IPO Open Date | November 12, 2024 |
| IPO Close Date | November 14, 2024 |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 shares |
| Total Issue Size | ₹16.23 crore |
| Allocation | Retail Investors – 50%, NII – 50% |
| Type of Issue | Fixed Price Issue |
| Listing | BSE SME platform |
The IPO offers 36.06 lakh fresh shares with no offer-for-sale component, which means all proceeds will go toward company use, specifically for capital expenditures and corporate needs.
Mangal Compusolution IPO Subscription
The Mangal Compusolution IPO subscription window will be open from November 12 to November 14, 2024. Both Retail Investors and Non-Institutional Investors (NII) have been allotted 50% of the total issue each, while Qualified Institutional Buyers (QIB) have no allocation.
Investors must apply for a minimum of 3,000 shares (one lot), equating to ₹135,000. This IPO’s structure offers all interested retail investors a decent allocation percentage, providing them an equal footing in acquiring shares.
Mangal Compusolution IPO GMP Today
As of now, the Mangal Compusolution IPO GMP today is ₹7. This often indicates limited trading activity or investor interest in the grey market ahead of the IPO. However, this can change as the IPO date approaches, so potential investors may want to keep an eye on this metric.
Mangal Compusolution IPO Business Overview
Mangal Compusolution specializes in renting IT hardware, such as servers, laptops, desktops, and projectors, from brands like IBM, Dell, HP, and Lenovo. Founded in April 2011, the company is a leader in Maharashtra’s IT rental market, focusing heavily on customized technology solutions.
The company has built its business on three primary revenue streams:
- Rental Income: Renting various types of IT equipment.
- Sales of IT Equipment: Selling both new and refurbished products.
- Maintenance Services: Offering support for rented equipment.
With a strategic focus on providing flexible IT solutions, Mangal Compusolution aims to expand its asset base to ₹90 crores by 2028.
Mangal Compusolution IPO Financials
The financials for Mangal Compusolution IPO reveal a mixed performance over the past few years.
| Year | Revenue (₹ Crore) | PAT (₹ Crore) | EPS (₹) | RoNW (%) |
|---|---|---|---|---|
| FY 2022 | 18.49 | 0.87 | 0.87 | 9.52% |
| FY 2023 | 34.83 | 7.04 | 7.04 | 43.67% |
| FY 2024 | 23.44 | 3.86 | 3.86 | 19.29% |
Despite revenue fluctuations, the company saw a significant rise in profits in FY 2023, although both revenue and profit saw a dip in FY 2024. The EPS of ₹3.86 and RoNW of 19.29% in FY 2024 suggests some stability but highlights the company’s recent volatility.
Mangal Compusolution IPO Review
The Mangal Compusolution IPO is priced at ₹45 per share, based on a P/E ratio of 11.66, which seems reasonable given the company’s growth potential and industry position. The lack of recent revenue growth may cause hesitation for some investors, but for those who believe in the company’s long-term potential, this IPO could offer a good entry point into the IT rental market.
Mangal Compusolution Ltd IPO Allotment and Listing
For those investing in the Mangal Compusolution IPO, here’s the timeline for allotment and listing:
- Allotment Date: November 18, 2024
- Refund Initiation: November 19, 2024
- Shares Credited to Demat Accounts: November 19, 2024
- Listing Date: November 20, 2024 (BSE SME)
FAQs
What is the Mangal Compusolution IPO?
The Mangal Compusolution Ltd IPO is an offering of 36.06 lakh fresh shares at ₹45 per share to raise ₹16.23 crores for capital expenses and corporate purposes.
When does the Mangal Compusolution Limited IPO open?
It opens on November 12, 2024, and closes on November 14, 2024.
What is the lot size?
The minimum lot size is 3,000 shares, or ₹135,000.
How can I check the allotment?
Investors can check allotment status on the KFin Technologies website after the allotment date, November 18, 2024.
What is the current GMP for Mangal Compusolution IPO?
The GMP is currently ₹7, indicating limited pre-IPO trading activity in the grey market.
Who are the IPO promoters?
Promoters include Hardik Meghraj Jain, Neeta Mukesh Desai, and Pathik Mukesh Desai.
This Mangal Compusolution Limited IPO review provides essential details to help you decide if this investment aligns with your goals.