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Mangal Compusolution IPO: Things Smart Investors Need to Know Before Investing

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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.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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Frequently Asked Questions

Who is the CEO of Mangal Compusolution Ltd?

Answer Field

The CEO of Mangal Compusolution Ltd is Mukesh Desai. He leads the company’s strategic direction, focusing on providing customized IT hardware rental solutions to meet diverse client needs.

When will the Mangal Compusolution IPO open for subscription?

Answer Field

The Mangal Compusolution IPO will open for subscription on November 12, 2024, and close on November 14, 2024. Investors can apply during this period to participate in the IPO.

What is the price band for the Mangal Compusolution IPO, and how was it determined?

Answer Field

The Mangal Compusolution IPO has a fixed price of ₹45 per share. This pricing reflects the company’s valuation and market dynamics, determined through comprehensive financial analysis and consultations with market experts.

What are the key risks and rewards of investing in the Mangal Compusolution IPO?

Answer Field
Key risks include dependence on major clients, high competition, and evolving technology needs. On the upside, the company offers growth potential through its scalable business model and diverse IT rental solutions tailored for market demand.

What documents should I review before investing in the Mangal Compusolution IPO?

Answer Field
Investors should review the Red Herring Prospectus (RHP), company financials, market analysis, and all regulatory filings to make informed decisions about investing in the Mangal Compusolution IPO.

What are the lock-up period details for the Mangal Compusolution IPO?

Answer Field

Lock-up periods, typically applicable to promoters and major shareholders, restrict the sale of shares for a designated period post-IPO listing. Please refer to the RHP for detailed lock-up period specifics.

Will Mangal Compusolution IPO pay dividends?

Answer Field
The decision to pay dividends will depend on the company’s future profitability, cash flow, and strategic growth plans. Dividend declarations, if any, will be announced as per board approval.

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