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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
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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?
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
- Capital Expenditure
- 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? |
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
|
|
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: ?
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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.