Mangal Compusolution IPO Allotment Status

Mangal Compusolution IPO has closed with an exceptional response from investors, achieving a remarkable subscription of 34.59 times by 14th November 2024 at 5:21:07 PM (Day 3). The public issue witnessed overwhelming demand across categories. The Retail Investors segment led with an impressive 46.91 times subscription.

The Non-Institutional Investors (NII) category showed strong interest with 22.28 times subscription. The Market Maker portion was fully subscribed. This fixed price issue has received a total of 37,190 applications, demonstrating exceptional investor confidence in this SME IPO.

How to Check Mangal Compusolution IPO Allotment Status:

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How to Check Mangal Compusolution IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2: From the dropdown menu, select Mangal Compusolution Health Insurance IPO

Step 3: Choose one of the following modes: PAN ID, Demat Account number, or Application number

Step 4: Enter the information relevant to the mode you have chosen

Step 5: For security purposes, fill out the captcha accurately

Step 6: Click "Submit"

How to Check Mangal Compusolution IPO Allotment Status on BSE/NSE:

Step 1: Visit the BSE or NSE website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Look for the IPO Allotment Status section

Step 3: Select "Mangal Compusolution Limited" from the dropdown menu

Step 4: Enter your application number and PAN ID

Step 5: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Mangal Compusolution IPO Timeline:

Mangal Compusolution IPO Subscription Status

Mangal Compusolution IPO received 34.59 times subscription with 37,190 applications. By 14th November 2024 at 5:21:07 PM (Day 3), the detailed subscription status was:

Subscription Day 3 (as of 5:21:07 PM)
Total Subscription: 34.59 times
NII: 22.28 times 
Retail investors: 46.91 times

Subscription Day 2 (November 13, 2024)
Total Subscription: 7.87 times
NII: 2.49 times
Retail investors: 13.25 times

Subscription Day 1 (November 12, 2024)
Total Subscription: 2.65 times
NII: 0.97 times
Retail investors: 4.34 times

Mangal Compusolution IPO Details

Mangal Compusolution's initial public offering (IPO) is a fixed price issue of ₹16.23 crores. This offering consists entirely of a fresh issue of 36.06 lakh shares.

The bidding process commenced on 12th November 2024 and will conclude on 14th November 2024. The allotment results are anticipated to be finalised on 18th November 2024. The shares are set to be listed on BSE SME, with a provisional listing date scheduled for 20th November 2024.

The issue price is fixed at ₹45 per share. Investors must apply for a minimum lot size of 3,000 shares, which requires a minimum investment of ₹135,000 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (6,000 shares), totalling ₹270,000.

Jawa Capital Services Private Limited serves as the lead manager for the IPO, while Kfin Technologies Limited is designated as the registrar. Rikhav Securities is the market maker for this offering.