Mangal Compusolution IPO
IPO Details
- Open Date
12 Nov 2024
- Close Date
14 Nov 2024
- IPO Price Range
₹ 45
- IPO Size
₹ 16.23 Cr
- Listing Exchange
BSE SME
- Listing Date
20 Nov 2024
IPO Timeline
Mangal Compusolution IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Nov-24 | - | 0.97 | 4.33 | 2.65 |
| 13-Nov-24 | - | 2.49 | 13.25 | 7.87 |
| 14-Nov-24 | - | 22.28 | 22.28 | 34.59 |
Last Updated: 14 November 2024 6:48 PM by 5Paisa
Mangal Compusolution IPO is set to open on 13 November 2024 and will close on 18 November 2024. Mangal Compusolution specialises in hardware rental solutions.
The IPO is a fresh issue of 4.81 Cr shares aggregating to ₹29.34 Cr. The price range is set between ₹58 to ₹61 per share and the lot size is 2,000 shares.
The allotment is scheduled to be finalised on 19 November 2024. It will go public on NSE SME, with a tentative listing date of 21 November 2024.
Jawa Capital Services Pvt Ltd is the book running lead manager while KFin Technologies Ltd is the registrar.
Mangal Compusolution IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹16.23 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹16.23 Cr |
Mangal Compusolution IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 1,35,000 |
| Retail (Max) | 1 | 3,000 | 1,35,000 |
| HNI (Min) | 2 | 6,000 | 2,70,000 |
Mangal Compusolution IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| NII (HNI) | 22.28 | 17,10,000 | 3,81,03,000 | 171.46 |
| Retail | 46.91 | 17,10,000 | 8,02,11,000 | 360.95 |
| Total | 34.59 | 34,20,001 | 11,83,14,000532.41 | 173.50 |
1. Capital Expenditure.
2. General Corporate Purposes.
IMangal Compusolution Limited, founded in April 2011, specialises in hardware rental solutions, supplying a wide range of IT equipment, including servers, laptops, desktops, projectors, and accessories. With a focus on delivering end-to-end IT solutions, Mangal Compusolution tailors its services to meet the diverse needs of clients across various industries. While the company has a strong presence in Maharashtra, it serves clients across India, providing nationwide support.
Mangal Compusolutions business comprises IT equipment rentals, sales, and maintenance services.Known for its extensive product selection and dedicated service, the company offers 24/7 support and ensures zero downtime with a backup inventory system. As of September 2024, it has 24 full-time employees and five directors.
Peers
Silicon Rental Solution Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 23.44 | 34.83 | 18.49 |
| EBITDA | 11.82 | 15.43 | 10.49 |
| PAT | 3.86 | 7.04 | 0.87 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 45.52 | 47.16 | 52.67 |
| Share Capital | 10.00 | 2.00 | 2.00 |
| Total Borrowings | 20.41 | 26.52 | 34.34 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 7.25 | 4.02 | 18.23 |
| Net Cash Generated From / (used in) investing activities | 1.72 | 6.82 | -10.85 |
| Net Cash Generated From / (used in) financing activities | -8.52 | -11.00 | -7.29 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.45 | -0.16 | 0.09 |
Strengths
1. Broad range of IT equipment, from servers to projectors, catering to diverse client needs.
2. Customer-centric approach with tailored IT solutions for businesses of all sizes.
3. 24/7 dedicated support team ensuring prompt service and minimal disruption.
4. Zero downtime policy by maintaining extra stock to replace faulty equipment.
5. Nationwide service coverage with strong client presence in Maharashtra.
Risks
1. Dependence on the Maharashtra market may limit growth potential in other regions.
2. Limited workforce may impact scalability and ability to manage large client volumes.
4. Heavy reliance on equipment rental income may affect revenue diversity.
5. Potential risks from rapid technological obsolescence in IT hardware.
6. Competitive market in IT rentals could put pressure on pricing and profit margins.
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FAQs
Mangal Compusolution IPO opens from 12 November to 14 November 2024.
The size of Mangal Compusolution IPO is ₹16.23 Cr.
The price of Mangal Compusolution IPO is fixed at ₹45 per share.
To apply for Mangal Compusolution 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 Mangal Compusolution 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 Mangal Compusolution IPO is 3,000 shares and the investment required is ₹1,35,000.
The share allotment date of Mangal Compusolution IPO is 18 November 2024
The Mangal Compusolution IPO will be listed on 20 November 2024.
Jawa Capital Services Pvt Ltd is the book running lead manager for Mangal Compusolution IPO.
Mangal Compusolution plans to utilise the raised capital from the IPO for:
1. Capital Expenditure.
2. General Corporate Purposes.
Contact Information
Mangal Compusolution
Mangal Compusolution Limited
Unit No. 03, Satguru Nanak Industrial Estate
Off Western Express Highway,
Goregaon (East), Mumbai-400063
Phone: +91-22-40360500
Email: compliance@mangalcompusolution.com
Website: https://www.mangalcompusolution.com/
Mangal Compusolution IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mangalcomp.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Mangal Compusolution IPO Lead Manager
Jawa Capital Services Private Limited
