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mangal compusolution IPO GMP

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Mangal Compusolution listing Review

On 21 November 2024, amidst, sharp selling pressure in the broader market, Mangal Compusolution is listed at Rs. 45/at par. The listing has been in line with the expectations of the grey market players.

Mangal Compusolution IPO allotment Link

What was the last grey market premium of Mangal Compusolution IPO?

 For latest GMP, Click

Subscription status of Mangal Compusolution IPO

Mangal Compusolution IPO (Day 2)

Price Rs. 45 Lot 3000 shares, Rs. 16.23 Crore

QIB NII x RII x Total x Applications
  2.49 13.25 7.87 9,997 (17.54x)
Amount wise bids recd. Rs. ? Crore
Note: 

 

What is the business of Mangal Compusolution?

Mangal Compusolution Limited: Leading IT Hardware Rental Solutions for Businesses Across India

Incorporated in April 2011, Mangal Compusolution Limited is a leading provider of IT hardware rental solutions that cater to the diverse needs of businesses across a variety of industries. The company specializes in renting out a wide range of IT equipment and providing end-to-end solutions to support both small and large enterprises. Mangal Compusolution offers a vast array of products, from servers and laptops to desktops, projectors, routers, workstations, Plasma/LCD TVs, PA systems, and various accessories.

Customizable IT Hardware Solutions for Businesses

Mangal Compusolution provides businesses with flexible and customizable IT hardware rental options, allowing them to access high-quality equipment without the upfront costs associated with purchasing. The company’s rental offerings are designed to meet the unique needs of businesses, whether they require laptops, desktops, servers, or specialized equipment for specific projects or events.

Whether your business is upgrading its technology, scaling operations, or supporting a short-term project, Mangal Compusolution delivers tailored IT hardware solutions that help businesses operate more efficiently and cost-effectively.

Key Service Areas

The company’s services can be broken down into the following categories:

  1. Rental Income from IT Equipment Lease:
    Mangal Compusolution generates revenue through the leasing of a wide range of IT equipment, including computers, laptops, servers, peripherals, and more.

  2. Sale of IT Equipment:
    In addition to rental services, the company also offers the sale of IT equipment, providing businesses with the option to purchase the hardware they need at competitive prices.

  3. IT Equipment Maintenance Services:
    Mangal Compusolution provides maintenance services to ensure that rented equipment remains in optimal working condition. This includes regular servicing, repairs, and troubleshooting support.

Nationwide Presence with a Strong Focus in Maharashtra

While the majority of Mangal Compusolution’s clients are concentrated in Maharashtra, the company provides its services to businesses across India. This nationwide reach allows Mangal Compusolution to serve a diverse customer base in industries such as IT, education, events, and corporate sectors, among others.

Competitive Strengths

Mangal Compusolution has built a reputation for reliability and customer satisfaction through several key competitive strengths:

  • Extensive Product Range: The company offers a huge variety of IT hardware from top global brands, including HP, Dell, Lenovo, and more, ensuring businesses have access to the latest and most reliable equipment.

  • Customer-Centric Approach: Mangal Compusolution prioritizes the needs of its customers, offering flexible rental terms and tailored solutions to meet the unique demands of each business.

  • 24/7 Dedicated Support: The company provides round-the-clock customer support to assist clients with any technical issues or service requirements. This ensures businesses experience minimal downtime.

  • Zero Downtime Guarantee: Mangal Compusolution keeps a stock of extra equipment to quickly replace any faulty systems, guaranteeing zero downtime for clients.

Leadership and Workforce

As of September 30, 2024, Mangal Compusolution employs a team of 24 full-time employees, including a highly experienced leadership team with five directors.

Get more information about the company @ https://www.mangalcompusolution.com/

Mangal Compusolution IPO Details

IPO opens on  12 November 2024
IPO closes on  14 November 2024
Issue Type Book Built Issue IPO
Issue Size 3606,000 Shares /
Rs 16.23 Crore
* Fresh Issue 3606,000 Shares /
Rs 16.23 Crore
* Offer for Sale – – shares /
Rs. – crore
Market Maker Portion 186000 Shares
Net offer to Public  3420000 Shares/
Rs. 15.39 Crore
Face Value per share Rs. 10
Price Band Rs. 45
Employee discount  Rs. 0 per share
Retail Lot Size  3000 Shares
Listing will at  BSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (0%)
NII  (50%) 1710000 7.70
RII  (50%) 1710000 7.70
Total Shares  3420000 15.39
Retail portion will be
oversubscribed by 
570
Forms
How much Shares to Apply in this IPO?
Min Retail Application 3000 Shares Rs.135000
Min HNI Application  6000 Shares Rs.270000

Who are the Promoters of Mangal Compusolution?

The Promoters of the Company are Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mr. Mukesh Khandubhai Desai and Mrs. Binny Pathik

What are the Objects of Mangal Compusolution IPO?

The Offer comprises of fresh issue of shares

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects

  1. Capital Expenditure
  2. General corporate purposes;

Tentative timetable

IPO opens on 12 November 2024
IPO Closes on 14 November 2024
IPO Allotment on  18 November 2024
Refund Initiation  19 November 2024
Credit of Shares 19 November 2024
Listing on 21 November 2024
Registered Office of the Company
Mangal Compusolution Limited
Unit No. 03, Satguru Nanak Industrial Estate
Off Western Express Highway,
Goregaon (East), Mumbai-400063
Who is the Lead Manager of this IPO?
Jawa Capital Services Private Limited

Who is the Registrar to IPO?
Kfin Technologies ltd

Mangal Compusolution IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Mangal Compusolution IPO Financial & Analytical Ratios

Year Total
Income
Net
Profit
EPS RoNW
  Rs.in Crore Rs.in Crore Rs. %
2021-22 18.49 0.87  
2022-23 34.83 7.04  
2023-24 23.44 3.85 3.86 19.29
Book Value of the
Share on 31.03.2024
Rs 19.99    
BV of the Share at
cap price after IPO
Rs. 27.22    
Offer Price/upper band Rs. 45    

IPO
Key Performance indicators

Price/EPS of 23-24 11.66
Price/BV Ratio  
Price/BV after IPO    


How Mangal Compusolution IPO
compares with the Peers?
There is no peer group listed company.

As on date of RHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Crore  
Mangal Compusolution 10 20.89 11.66
Silicon Rental 10 63.25 20.22
       
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

Mangal Compusolution IPO Review

The IPO size is Rs. 16.23 crore, offering 16.23 lakh shares. This size is relatively modest when compared to recent IPO trends. With 570 applications received, the retail portion of the offering is likely to be subscribed once.

The company has experienced a significant increase in net profit over the past two years, leading up to its Initial Public Offering (IPO). A detailed analysis of this growth is warranted. In FY 2021-22, the company reported a net profit of Rs. 87 lakhs on total income of Rs. 18.49 crore. However, in FY 2022-23, the net profit surged to Rs. 7.04 crore, accompanied by a total income of Rs. 34.83 crore. This sharp rise in profitability is noteworthy and warrants attention.

Given this substantial improvement in the company’s bottom line, the IPO appears to be reasonably priced, especially when considering the rapid growth in profit. Without this growth, the offering could have been perceived as relatively expensive.
+ from fundamental angle: May Apply
+ from grey market angle: ?

Quicklinks

Mangal Compusolution IPO GMP today allotment, review?

Mangal Compusolution IPO GMP grey market premium

Mangal Compusolution IPO FAQs

What is Mangal Compusolution IPO
?

This is a SME IPO of 3606000 equity shares of the face value of Rs. 10 aggregating up to Rs.16.23 Crores. The issue is priced at Rs.45 per share. The minimum order quantity is 3000 Shares.

When will Mangal Compusolution IPO subscription open?

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

What is the lot size of Mangal Compusolution IPO?

Mangal Compusolution IPO lot size is 3000 Shares, and the minimum amount required is Rs.135000

How to apply for Mangal Compusolution IPO?

You can apply in Mangal Compusolution 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Mangal Compusolution IPO allotment?

The finalization of Basis of Allotment for Mangal Compusolution 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 IPO listing date?

Mangal Compusolution IPO listing date is November 20, 2024.

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