Manglam Infra & Engineering IPO
IPO Listing Details
- Listing Date
31 Jul 2024
- Listing Price
₹ 106.40
- Listing Change
90.00%
- Last Traded Price
₹ 45.20
IPO Details
- Open Date
24 Jul 2024
- Close Date
26 Jul 2024
- IPO Price Range
₹ 53 to ₹ 56
- IPO Size
₹ 27.62 Cr
- Listing Exchange
NSE SME
- Listing Date
31 Jul 2024
IPO Timeline
Manglam Infra & Engineering IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Jul-2024 | 0.91 | 10.64 | 26.12 | 15.61 |
| 25-Jul-2024 | 4.82 | 46.21 | 91.00 | 56.79 |
| 26-Jul-2024 | 163.04 | 756.73 | 371.72 | 394.42 |
Last Updated: 26 July 2024 5:59 PM by 5Paisa
Last Updated: 26th July 2024, 5:48 PM by 5paisa
Manglam Infra and Engineering IPO is set to open on 24 July 2024 and will close on 26 July 2024. The company specializes in handling infrastructure projects
The IPO includes a fresh issue of 49,32,000 shares aggregating up to ₹27.62 Cr. The price range is ₹53 to ₹56 per share and the lot size is 2000 shares.
The allotment is scheduled to be finalized on 29 July 2024. It will go public on NSE SME, with a tentative listing date of 31 July 2024.
Unistone Capital Pvt Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Objectives Of Manglam Infra and Engineering IPO
1. To meet Working Capital requirements
2. General Corporate Purpose.
Manglam Infra and Engineering IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 27.62 |
| Offer for sale | - |
| Fresh issue | 27.62 |
Manglam Infra and Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| S-HNI (Min) | 2 | 4,000 | ₹224,000 |
Manglam Infra and Engineering IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 163.04 | 8,82,000 | 14,38,00,000 | 805.28 |
| NII (HNI) | 756.73 | 6,60,000 | 49,94,44,000 | 2,796.89 |
| Retail | 371.72 | 15,44,000 | 57,39,40,000 | 3,214.06 |
| Total | 394.42 | 30,86,000 | 1,21,71,84,000 | 6,816.23 |
Manglam Infra and Engineering IPO Anchor Allocation
| Anchor Bid Date | 23 July, 2024 |
| Total no. of shares offered | 1,322,000 |
| Portion Size for Anchor Investors | 7.40 Cr. |
| Lock in Period for 50% shares (30 days) | 28 August, 2024 |
| Lock in Period for rest of shares (90 days) | 27 October, 2024 |
Manglam Infra and Engineering Limited, founded in 2010, specializes in handling infrastructure projects. The organization provides complete services such as full project reports, quality control, and infrastructure operation and maintenance for roads, bridges, tunnels, and urban structures.
Manglam Infra offers a comprehensive variety of services, including design, engineering, procurement, construction, and integrated project management. They provide DPR and feasibility studies, operations and maintenance work, project management consultancy, independent consultancy, project planning, design, estimation, supervision, and quality control, authority engineer supervision, independent engineer services, traffic and transportation engineering, financial analysis, technical audits, structural audits, and bridge and road inspections.
Madhya Pradesh, Jammu and Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana are some of the states where the firm has worked. Manglam Infra has successfully completed 127 projects, 116 of which were handled independently and 11 through joint ventures and memorandums of understanding with the national government.
Peer Comparison
NCC Limited
IRB Infrastructure Developers:
Larsen & Toubro
For more information
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue from operations | 40.51 | 34.78 | 26.78 |
| EBITDA | 9.29 | 7.70 | 4.64 |
| PAT | 6.76 | 5.54 | 3.33 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 33.18 | 21.04 | 16.73 |
| Share Capital | 12.66 | 10.26 | 7.79 |
| Total Borrowings | 4.47 | 2.26 | 1.87 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 0.85 | 4.47 | 3.66 |
| Net cash from / (used in) investing activities | -2.39 | -1.35 | -2.34 |
| Net cash flow from / (used in) financing activities | 2.01 | -3.22 | -1.22 |
| Net increase (decrease) in cash and cash equivalents | 0.47 | 0.10 | 0.09 |
Strengths
1. Manglam Infra provides a comprehensive range of services.
2. The company has successfully completed 127 projects across multiple states.
3. Manglam Infra operates in numerous states.
4. The company has engaged in joint ventures and MoUs with the central government.
Risks
1. The infrastructure sector is highly competitive, with numerous established players.
2. The company's performance is closely tied to the government spending on infrastructure.
3. Infrastructure projects are subject to extensive regulations.
4. The company relies heavily on skilled professionals for project management.
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FAQs
Manglam Infra and Engineering IPO opens from 24th July to 26th July 2024.
The size of Manglam Infra and Engineering IPO is ₹27.62 Cr.
The price of Manglam Infra and Engineering IPO is fixed at ₹53 to ₹56 per share.
To apply for Manglam Infra and Engineering IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Manglam Infra and Engineering IPO.
● 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.
The minimum lot size of Manglam Infra and Engineering IPO is 2000 shares and the investment required is ₹1,12,000.
The share allotment date of Manglam Infra and Engineering IPO is 29th July 2024.
The Manglam Infra and Engineering IPO will be listed on 31st July 2024.
Unistone Capital Pvt Ltd is the book-running lead manager for Manglam Infra and Engineering IPO.
Manglam Infra and Engineering plans to utilize the raised capital from the IPO for:
1. To meet Working Capital requirements
2. General Corporate Purpose.
Contact Information
Manglam Infra & Engineering
Manglam Infra and Engineering Limited
H.NO.46, Nikhil Nestles Jatkhedi
Hoshangabad Road, University
(Bhopal) Huzur, Bhopal - 462026,
Phone: +0755 4289475
Email: cs@manglaminfra.com
Website: https://www.manglaminfra.com/
Manglam Infra & Engineering IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Manglam Infra & Engineering IPO Lead Manager
Unistone Capital Pvt Ltd
