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Mangal Compusolution Ltd

Miscellaneous

Offer Period :

12th to 14th Nov 2024

Mangal Compusolution Ltd IPO Details

IPO Date 12th to 14th Nov 2024 Minimum Investment ₹135000 / 1 Lots
Listing Date 2024-11-20 Maximum Investment ₹135000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹16.23 Crores
Price ₹45 to ₹45 per share Fresh Issue ₹16.23 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 12th to 14th Nov 2024
Listing Date 2024-11-20
Face Value ₹10 per share
Price ₹45 to ₹45 per share
Lot Size 1 Lots (3000 Shares)
Listing At BSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹135000 / 1 Lots
Maximum Investment ₹135000 / 1 Lots
Total Issue Size ₹16.23 Crores
Fresh Issue ₹16.23 Crores
Offer For Sale
Retail Discount ₹ 0

About Mangal Compusolution Ltd IPO:


Founded in April 2011, Mangal Compusolution Limited offers hardware rental solutions tailored to the needs of businesses across various industries. The company specializes in renting diverse IT equipment, such as servers, laptops, desktops, projectors, routers, switches, workstations, Plasma/LCD TVs, PA systems, and accessories. Mangal Compusolution provides small and large enterprises with customizable IT hardware solutions to meet their specific requirements. While its primary client base is in Maharashtra, the company serves customers across India. Its business activities are divided into three main categories: rental income from leasing IT equipment (computers and peripherals), sales of IT equipment, and IT equipment maintenance service fees. The company's competitive strengths include a wide range of products from brands like HP, Dell, and Lenovo, a customer-centric approach, 24/7 dedicated support, and zero downtime ensured by maintaining backup equipment. As of September 30, 2024, Mangal Compusolution employs 24 full-time staff members and has five directors, comprising a Managing Director, an Executive Director, a Non-Executive Director, and three Independent Directors.
 

The Mangal Compusolution Ltd IPO presents an attractive opportunity for investors seeking exposure to a growing company in the IT services and solutions sector. This IPO aims to raise funds for business expansion, including upgrading its technological infrastructure and improving operational efficiency. The fresh issue of shares aligns with the company's strategy to strengthen its market position and achieve sustained growth.
 

The company offers a range of IT services, focusing on innovation and a customer-centric approach. Its consistent track record of growth highlights its robust business model and ability to adapt to changing market dynamics. Mangal Compusolution Ltd leverages its experienced management team and strong customer relationships, which contribute to its continued success in the competitive IT landscape.
 

Investors considering this IPO should evaluate the company's potential for growth against prevailing market conditions. While opportunities abound, risks such as evolving technology demands, customer dependence, and potential regulatory changes could impact performance. Understanding these dynamics is essential for making an informed investment decision.

Timeline

Important dates for allocation and IPO listing.

12th Nov

IPO Starts

14th Nov

IPO Ends

18th Nov

Allotment Date

19th Nov

Initiation of Refund

19th Nov

Credit of Shares to Demat Account

20th Nov

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 73.5
Public Group 0 26.5

Mangal Compusolution Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 1710000(47.42%)
Retail Shares Offered 1710000(47.42%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 3606000
Total Shares With Anchor Investor 3606000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Mangal Compusolution Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222,
Email Id mangalcomp.ipo@kfintech.com
Our Website www.kfintech.com

Mangal Compusolution Ltd IPO Lead Manager

1. Jawa Capital Services Pvt Ltd

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Mangal Compusolution Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 18,96,000 47,85,000 490.0
Retail Individual Investors (RIIs) 17,10,000 2,56,68,000 8,556.0
Total 36,06,001 3,04,53,000 11,745.0

Strength of Mangal Compusolution Ltd

1. Innovation focused business model.

2. Consistent track record of profitable growth due to a scalable business model.

3. Established and proven track record.

4. Leveraging the experience of its Promoters.

5. Experienced management team and motivated employees.

6. Cordial relations with its customers.

Risks Involved

1. The Company and some of its group companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities or may adversely affect its reputation/ business/financial status.

2. There have been instance of deficiency and/or inaccuracies in the regulatory filings by the Company. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.

3. The company does not own registered office which is used by it currently.

4. The company operates in highly competitive markets, and fragmented market with low entry barrier.

5. The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.

6. Its top ten suppliers contribute majority of the company purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.

7. The Company has reported certain negative cash flows from its investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.

8. Changes in technology render its current IT equipments obsolete and require the company to make substantial capital investments.

9. Its business relies heavily on capital investments. If its cannot secure additional funds when required, or if the terms are not favorable, the company may need to scale back or even abandon its expansion and growth initiatives. This could also entail reducing capital spending and the scale of its operations, any of which could have a significant and negative impact on its business, financial standing, and operational results.

10. If customers choose not to outsource their IT product needs or if there is a decline in the demand for IT equipment rentals, it may negatively impact its business, financial performance, financial health, and cash flow.

Industry Outlook of Mangal Compusolution IPO

 

  • Robust Growth in IT Services: The IT services sector in India is experiencing rapid growth, driven by digital transformation across industries and increased demand for cloud, AI, and data analytics solutions.

  • Competitive Landscape: Mangal Compusolution operates in a highly competitive environment with numerous small and mid-sized players. Its innovation-centric approach and scalability may offer an edge over competitors.

  • Government Initiatives: Supportive policies, such as Digital India and incentives for MSMEs, further bolster the prospects of companies like Mangal Compusolution Ltd in the IT space.

  • Risks to Consider: Industry risks include evolving technology requirements, high dependence on a few key clients, and competitive pressure that may affect margins.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Mangal Compusolution Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-11-20 0 -
INE0RU901015
₹45 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹45 ₹45
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for Mangal Compusolution Ltd IPO

 

Frequently Asked Questions

What is Mangal Compusolution Ltd IPO?

Answer Field

Mangal Compusolution Ltd IPO is a SME IPO of 36,06,000 equity shares of a face value of ₹10 aggregating up to ₹16.23 Crores. The issue is priced at ₹45 to ₹45 per share. The minimum order quantity is 3000 Shares. The IPO opens on November 12, 2024, and closes on November 14, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Mangal Compusolution Ltd IPO will open?

Answer Field

The Mangal Compusolution Ltd IPO opens on November 12, 2024 and closes on November 14, 2024.

What is the lot size of Mangal Compusolution Ltd?

Answer Field

Mangal Compusolution Ltd lot size is 3000 shares, and the minimum amount required is ₹1,35,000.

How to apply for Mangal Compusolution Ltd IPO?

Answer Field

You can apply in Mangal Compusolution Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Mangal Compusolution Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Mangal Compusolution Ltd IPO will be done on November 18, 2024, and the allotted shares will be credited to your demat account by November 19, 2024.

When is Mangal Compusolution Ltd IPO listing date?

Answer Field

The Mangal Compusolution Ltd listing date is November 20, 2024.

Who is the registrar of Mangal Compusolution Ltd IPO?

Answer Field

The registrar of Mangal Compusolution Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Jawa Capital Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Mangal Compusolution Ltd IPO?

Answer Field

The fresh issue size is ₹16.23 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Mangal Compusolution Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,35,000 amount.

How can I approve the UPI mandate request for Mangal Compusolution Ltd IPO?

Answer Field

To apply for Mangal Compusolution Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Mangal Compusolution Ltd?

Answer Field

The price of each Mangal Compusolution Ltd share will be ranging in between ₹45 to ₹45 per share.

What is the cut-off time for the UPI mandate for Mangal Compusolution Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, November 14, 2024.

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