Mangal Compusolution Limited IPO Details
SME
Mangal Compusolution IPO opens for subscription on 12 Nov 2024 and closes on 14 Nov 2024. The IPO will be listed on BSE with the tentative listing date set for 21 Nov 2024.
Mangal Compusolution IPO price band has been fixed at ₹45 – ₹45 per share.The face value is ₹10 per share with a lot size of 3000.
Mangal Compusolution IPO total issue size comprises 36,06,000 shares (aggregating up to ₹16.23 Cr). This includes a fresh issue of 36,06,000 shares (aggregating up to ₹16.23 Cr). Pre-issue shareholding stands at 1,00,00,000, which will increase to 1,36,06,000 post-issue.
Mangal Compusolution IPO carries a ₹2 (4.4%) GMP, reflecting investor sentiment.
Mangal Compusolution IPO Lot Size : Retain Minimum is 1 lot (3,000 shares) amounting to ₹135,000. Retain Maximum is 1 lot (3,000 shares) amounting to ₹135,000. HNI Minimum is 2 lots (6,000 shares) amounting to ₹270,000.
The Lead Managers for Mangal Compusolution IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Jawa Capital Services Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Rikhav Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Mangal Compusolution Limited RHP.
Mangal Compusolution IPO Details
Mangal Compusolution IPO Subscription
Mangal Compusolution IPO Application Wise Breakup
Mangal Compusolution IPO Dates
- 12 Nov 2024Opening dateOPD
- 14 Nov 2024Closing dateCOD
- 18 Nov 2024Allotment Date BOA
- 19 Nov 2024Initiation of RefundsIOR
- 19 Nov 2024Credit of SharesCOS
- 21 Nov 2024Listing dateLID
Mangal Compusolution IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 3000 | ₹135,000 |
| Retain Maximum | 1 | 3000 | ₹135,000 |
| HNI Minimum | 2 | 6000 | ₹270,000 |
Mangal Compusolution IPO Reservation
Promoter Holding
Mangal Compusolution IPO Valuations
Mangal Compusolution Financial Information
Mangal Compusolution Limited's revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,492.01 | 4,552.12 | 4,715.71 | 5,267.09 |
| Revenue | 453.44 | 2,344.42 | 3,483.18 | 1,848.78 |
| Profit After Tax | 80.97 | 385.80 | 704.09 | 86.62 |
| Net Worth | 2,080.88 | 1,999.90 | 1,614.10 | 910.00 |
| Reserves and Surplus | 1,080.88 | 999.90 | 1,414.10 | 710.00 |
| Total Borrowing | 1,862.75 | 2,041.21 | 2,652.30 | 3,434.12 |
| Amount in ₹ Lakhs | ||||
About Mangal Compusolution IPO
Incorporated in April 2011, Mangal Compusolution Limited provides hardware rental solutions to fulfill the needs of businesses across various industries. The company rents IT hardware and offers comprehensive end-to-end IT equipment. It rents diverse IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories.
Mangal Compusolution provides small and large enterprises with customizable IT hardware products, including laptops, desktops, servers, and other equipment, to meet clients' specific requirements.
- Rental Income from lease of IT Equipment i.e., Computers & Peripherals
- Sale of IT Equipment, and
- IT Equipment Maintenance Service Fees
Competitive Strength:
- Huge variety of products to offer, including HP, Dell, Lenovo, and more.
- Customer-Centric Approach
- 24/7 dedicated support team and service availability.
- Zero downtime by keeping stock of extra equipment to replace faulty system.
As of September 30, 2024, the company has 24 full-time employees and five directors, including one Managing Director, one Executive Director, one Non-Executive Director, and three Independent Directors.
Strength Of Mangal Compusolution IPO
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 our Promoters.
5. Experienced management team and motivated employees.
6. Cordial relations with our customers.
Risk Of Mangal Compusolution IPO
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.
Objectives Mangal Compusolution IPO
- Capital Expenditure
- General corporate purposes;
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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