July 31, 2024
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Manglam Infra IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Manglam Infra IPO listing Review
Manglam Infra IPO allotment Link
What is the latest grey market premium of Manglam Infra IPO?
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Subscription status of Manglam Infra IPO
Manglam Infra IPO (Day 2)Price Rs. 56 Lot 2000 shares, Rs. 17.28 Crore |
||||
| QIB | NII X | RII X | Total X | Applications |
| 163.04 | 756.73 | 371.72 | 394.72 | 296970/371.12x |
| Bids of Rs. 6821 Crore received | ||||
| Note: Impressive subscriptions | ||||
What is the business of Manglam Infra?
Manglam Infra is a premier infrastructure consultancy firm specializing in project management consultancy services. Its core offerings include:
- Detailed Project Reports (DPRs)
- Supervision and Quality Control (SQC)
- Operation & Maintenance (O&M)
It caters to a wide range of infrastructure projects such as highways, roads, bridges, tunnels, and urban development buildings.
Its Expertise
Manglam Infra undertakes projects independently and through joint ventures and MoUs with industry partners. As of the date of the RHP, it serves various state governments including:
1.Madhya Pradesh
2.Jammu & Kashmir
3.Bihar
4.Arunachal Pradesh
5.Jharkhand
6.Himachal Pradesh
7.Uttar Pradesh
8.Manipur
9.Nagaland
10.Maharashtra
11.Assam
12.Rajasthan
13.Uttarakhand
14.Haryana
We also work with the central government.
Its Achievements
To date, it has successfully completed 127 projects:
- 116 projects independently
- 11 projects through joint ventures and MoUs
Currently, it is managing 45 ongoing projects:
- 22 projects independently
- 23 projects through joint ventures and MoUs
Its Team
Its team comprises over 300 qualified professionals with experience ranging from 7 to 15+ years. To meet specific contract requirements, it occasionally engage third-party service providers.
Get more information about the company @ https://www.manglaminfra.com/
Manglam Infra IPO Details |
|
| IPO opens on | 24 July 2024 |
| IPO closes on | 26 July 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4932000 Shares / Rs 27.62 Crore |
| * Fresh Issue | 4932000 Shares / Rs 27.62 Crore |
| * Offer for Sale – | |
| Market Maker Portion | 524000 Shares |
| Net offer to Public | 4408000 Shares/ Rs.24.68 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.53-56 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | 2204000 | 12.34 |
| NII (50%) | 661200 | 3.70 |
| RII (50%) | 1542800 | 8.64 |
| Total Shares | 4408000 | 24.68 |
| Retail portion will be oversubscribed by | 771 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.112000 |
| Min HNI Application | 4000 Shares | Rs.224000 |
Who are the Promoters of Manglam Infra IPO?
The Promoters of the Company, are Yogendra Kumar Singh, Ajay Verma, Nisha Singh and Seema Verma.
What are the Objects of Manglam Infra IPO?
The Offer comprises of only fresh issue of shares.
The objectives of the Offer are to:
1.To meet the working capital requirements, and
2.General corporate purposes.
Tentative timetable |
|
| IPO opens on | 24 July 2024 |
| IPO Closes on | 26 July 2024 |
| IPO Allotment on | 29 July 2024 |
| Refund Initiation | 30 July 2024 |
| Credit of Shares | 30 July 2024 |
| Listing on | 31 July 2024 |
| Registered Office of the Company Manglam Infra and Engineering Limited H.NO.46, Nikhil Nestles Jatkhedi Hoshangabad Road, University (Bhopal) Huzur, Bhopal – 462026, |
| Who is the Lead Manager of this IPO? Unistone Capital Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
Manglam Infra IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Crore | Rs. | % | |
| 2021-22 | 26.78 | 3.33 | 4.28 | 53.46 |
| 2022-23 | 34.78 | 5.54 | 5.40 | 61.42 |
| 2023-24 | 40.51 | 6.76 | 5.34 | 49.44 |
| Book Value of the Share on 31.03.2024 | Rs 13.50 | |||
| BV of the Share at cap price | after the IPO | Rs. | ||
| Offer Price/upper band | Rs. 56 | |||
IPO
|
|
| Price/last EPS of 23-24 | 10.49 |
| Price/BV Ratio | 4.14 |
| Upper price/BV after IPO | – |
How Manglam Infra IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Manglam Infra | 10 | 40.24 | 10.49 |
| Rudrabhishek Ent | 10 | 100.58 | 23.13 |
# 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.
Manglam Infra IPO Review
Manglam Infra is a premier infrastructure consultancy firm specializing in project management consultancy services. It caters to a wide range of infrastructure projects such as highways, roads, bridges, tunnels, and urban development buildings.
Size: Net size of the IPO is Rs. 24.68 crore, which is very small, compared to other SME IPOs. The retail portion is Rs. 8.64 Crore and NII portion is Rs.3.70 Crore. Because of small IPO size, huge oversubscription is possible.
Financial Snapshot: There are large number of small players who are in this business of government infra projects. At the same, most of the state governments and central government are expand their budgetary allocations for infra projects. So, the business is expected to expand in near future. The shares compared to peer group company are offered at reasonable valuation. May apply.
+ from fundamental angle: Good
+ from grey market angle: ?
Quicklinks
Manglam Infra IPO GMP today allotment, review?
Manglam Infra IPO GMP grey market premium
Manglam Infra IPO FAQs
What is Manglam Infra IPO?
This is a SME IPO of 4932000 equity shares of the face value of Rs. 10 aggregating up to Rs.27.62 Crores. The issue is priced at Rs.53-56 per share. The minimum order quantity is 2000 Shares.
When will Manglam Infra IPO subscription open?
The IPO opens on July 24, 2024, and closes on July 26, 2024.
What is the lot size of Manglam Infra IPO?
The IPO lot size is 2000 Shares, and the minimum amount required is Rs.112000
How to apply for Manglam Infra IPO?
You can apply in this 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 Manglam Infra IPO allotment?
The finalization of Basis of Allotment for this IPO will be done on 29 July, 2024, and the allotted shares will be credited to your demat account by July 30, 2024.
When is Manglam Infra IPO listing date?
This IPO listing date is July 31, 2024.
