Mangal Compusolution IPO - Day 3 Subscription at 12.38 Times

Mangal Compusolution's initial public offering (IPO) has received overwhelming investor interest over the three-day period. The IPO witnessed strong growth in demand, with subscription rates growing from 2.65 times on day one, to 7.87 times on day two, and reaching an impressive 12.38 times by 11:37 AM on the final day.

Mangal Compusolution IPO, opened on 12th November 2024 and has seen enthusiastic participation across categories. The Retail Investors segment has shown exceptional interest, reaching 20.67 times subscription, while Non-Institutional Investors demonstrated strong participation at 4.10 times.

This robust response comes amid ongoing sentiment in the Indian stock market, particularly towards companies in the IT hardware solutions sector.

Subscription Status of Mangal Compusolution IPO:

*As of 11:37 AM
Here are the subscription details for Mangal Compusolution IPO as of Day 3 (14th November 2024, 11:37 AM):

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The Market Maker portion is not included in the NII/HNI category.

Key Highlights:

• Overall subscription reached an impressive 12.38 times, showing exceptional investor confidence
• Retail investors led with an overwhelming 20.67 times subscription
• Non-institutional investors showed strong interest with a 4.10 times subscription
• Total applications reached 17,801 on the final day
• The subscription trend indicates robust investor response across categories

Mangal Compusolution IPO - Day 2 Subscription at 7.87 Times

Key Highlights:

• Overall subscription reached 7.87 times, showing strong momentum
• Retail investors showed robust interest with 13.25 times subscription
• Non-institutional investors demonstrated good participation at 2.49 times
• The subscription trend indicated growing investor confidence across categories

Mangal Compusolution IPO - Day 1 Subscription at 2.65 Times

Key Highlights:

• Overall subscription reached 2.65 times on the opening day, showing a strong initial response
• Retail investors led with a robust 4.34 times subscription
• Non-institutional investors showed near-full subscription at 0.97 times
• The subscription trend indicated strong retail confidence on day one

About Mangal Compusolution Limited

Incorporated in April 2011, Mangal Compusolution Limited has established itself as a leading provider of IT hardware rental solutions catering to diverse business needs across industries. The company rents a comprehensive range of IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, and PA Systems, along with various accessories.

The company's business model encompasses three primary revenue streams: rental income from IT equipment leasing, direct sales of IT equipment, and IT equipment maintenance service fees. With a strong presence in Maharashtra and services extending across India, the company has built a reputation for offering customizable solutions from leading brands like HP, Dell, and Lenovo. As of 30th September 2024, the company operates with 24 full-time employees and five directors, including specialized roles across executive and non-executive positions.

Mangal Compusolution's competitive advantage lies in its extensive product portfolio, customer-centric approach, and commitment to zero downtime through proactive equipment management. The company maintains 24/7 dedicated support and service availability, ensuring minimal disruption to client operations through strategic inventory management of backup equipment.

Highlights of the Mangal Compusolution IPO

• IPO opens: 12th November 2024
• IPO closes: 14th November 2024
• Allotment date: 18th November 2024
• Listing date: 20th November 2024
• IPO type: Fixed Price Issue
• IPO size: ₹16.23 crores
• Fresh Issue: 36.06 lakh shares
• Face value: ₹10 per share
• Issue price: ₹45 per share
• Lot size: 3,000 shares
• Minimum investment for retail investors: ₹135,000
• Minimum investment for HNI: ₹270,000 (2 lots)
• Listing at: BSE SME
• Lead Manager: Jawa Capital Services Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Rikhav Securities