Overview of the Company
Incorporated in 2011, Mangal Compusolution Limited specializes in IT hardware rental services catering to businesses across various industries. The company provides a comprehensive range of IT equipment, including servers, desktops, laptops, and other devices on a rental basis to meet specific client needs. The business model focuses on cost-effective, customizable solutions, helping businesses manage their technological requirements efficiently.
The company holds a strong market position, with a substantial presence in Maharashtra while also serving clients across India. Their diverse product portfolio and commitment to customer satisfaction through 24/7 support underscore their competitive edge.
Core Business and Market Position
Mangal Compusolution’s operations span three primary categories: rental income from leasing IT equipment, sales of IT hardware, and IT maintenance services. The company’s vast product offerings include top brands like HP, Dell, and Lenovo, emphasizing its market competitiveness. Additionally, a dedicated service team ensures minimal downtime for clients by providing immediate equipment replacement when necessary. The firm’s customer-centric approach and a scalable business model enhance its position in a competitive and fragmented IT rental market.
Mangal Compusolution IPO Details and Objectives
Purpose of the IPO
The IPO is a fixed-price issue, aimed at raising ₹16.23 crores by issuing 36.06 lakh shares. Funds raised will primarily be utilized for capital expenditure, business expansion, and general corporate purposes.
Category
| Details
|
IPO Date
| 12th - 14th Nov 2024
|
Issue Size
| ₹16.23 Crores
|
Price
| ₹45 per share
|
Lot Size
| 3,000 Shares
|
Listing Platform
| BSE-SME
|
Timeline of Mangal Compusolution IPO
Event
| Date
|
IPO Opens
| November 12, 2024
|
IPO Closes
| November 14, 2024
|
Allotment Finalization
| November 18, 2024
|
Initiation of Refunds
| November 19, 2024
|
Credit of Shares
| November 19, 2024
|
Listing Date
| November 20, 2024
|
Pricing & Lot Size of Mangal Compusolution IPO
- Price Band for the IPO: Fixed price of ₹45 per share.
- Minimum Lot Size and Application Details:
- Minimum investment of ₹135,000 for 1 lot (3,000 shares).
- High Net Worth Individual (HNI) minimum investment of ₹270,000 for 2 lots.
How to Apply for the Mangal Compusolution IPO?
Online Application Process
- Login: Access your Bajaj Broking trading platform and select the IPO section.
- Choose the IPO: Select Mangal Compusolution IPO from open options.
- Enter Details: Specify the quantity and provide your UPI ID.
- Complete Application: Confirm and approve the UPI mandate.
Financial Health and Performance
Key Financial Metrics
- Revenue (FY 2023-24): ₹2,344.42 Lakhs
- Profit After Tax (PAT): ₹385.80 Lakhs
- Assets: ₹4,552.12 Lakhs as of March 2024
Recent Performance and Growth Prospects
- Despite a decline in revenue and PAT, the company's long-term prospects remain strong due to its scalable business model and strategic market expansion.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
- Dependence on key clients could impact revenue.
- High competition in the IT hardware rental sector.
- Negative cash flow from investing activities.
Opportunities and Growth Potential
- Expanding demand for IT rentals amid digital transformation.
- Diverse product offerings catering to varied business needs.
Key Performance Indicator (KPI)
KPI
| Value
|
ROE
| 3.97%
|
ROCE
| 2.05%
|
Debt/Equity
| 0.9
|
RoNW
| 15.56%
|
P/BV
| 2.16
|
PAT Margin (%)
| 19.82%
|
Mangal Compusolution IPO Registrar & Lead Managers
Registrar
| Contact
|
KFin Technologies Ltd
| Phone: +91 40 6716 2222
Email: mangalcomp.ipo@kfintech.com
|
Lead Manager
| Contact
|
Jawa Capital Services Pvt Ltd
| Email: info@jawacapital.in
|
Company Address of Mangal Compusolution Ltd
Address: Unit No. 03, Satguru Nanak Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra, India-400063.
Email: compliance@mangalcompusolution.com
Phone: +91-22-40360500
Conclusion
Mangal Compusolution Ltd’s IPO offers a compelling opportunity for investors, backed by its diverse IT rental solutions and a client-centric approach. Investors should consider both the growth potential and inherent risks before investing.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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