mangal-compusolution-ipo

Mangal Compusolution IPO

  • Status: Closed
  • RHP:
  • ₹ 135,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    12 Nov 2024

  • Close Date

    14 Nov 2024

  • IPO Price Range

    ₹ 45

  • IPO Size

    ₹ 16.23 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    20 Nov 2024

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Mangal Compusolution IPO Subscription Status

Last Updated: 14 November 2024 6:48 PM by 5Paisa

Mangal Compusolution IPO is set to open on 13 November 2024 and will close on 18 November 2024. Mangal Compusolution specialises in hardware rental solutions.

The IPO is a fresh issue of 4.81 Cr shares aggregating to ₹29.34 Cr. The price range is set between ₹58 to ₹61 per share and the lot size is 2,000 shares. 

The allotment is scheduled to be finalised on 19 November 2024. It will go public on NSE SME, with a tentative listing date of 21 November 2024.

Jawa Capital Services Pvt Ltd is the book running lead manager while KFin Technologies Ltd is the registrar. 

Mangal Compusolution IPO Size

Types Size
Total IPO Size ₹16.23 Cr
Offer For Sale -
Fresh Issue ₹16.23 Cr

Mangal Compusolution IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3,000 1,35,000
Retail (Max) 1 3,000 1,35,000
HNI (Min) 2 6,000 2,70,000

Mangal Compusolution IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 22.28 17,10,000 3,81,03,000 171.46
Retail 46.91 17,10,000 8,02,11,000 360.95
Total 34.59     34,20,001 11,83,14,000532.41 173.50

1. Capital Expenditure.
2. General Corporate Purposes.
 

IMangal Compusolution Limited, founded in April 2011, specialises in hardware rental solutions, supplying a wide range of IT equipment, including servers, laptops, desktops, projectors, and accessories. With a focus on delivering end-to-end IT solutions, Mangal Compusolution tailors its services to meet the diverse needs of clients across various industries. While the company has a strong presence in Maharashtra, it serves clients across India, providing nationwide support.

Mangal Compusolutions business comprises IT equipment rentals, sales, and maintenance services.Known for its extensive product selection and dedicated service, the company offers 24/7 support and ensures zero downtime with a backup inventory system. As of September 2024, it has 24 full-time employees and five directors.
 

Peers

Silicon Rental Solution Ltd

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 23.44 34.83 18.49
EBITDA 11.82 15.43 10.49
PAT 3.86 7.04 0.87
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 45.52 47.16 52.67
Share Capital 10.00 2.00 2.00
Total Borrowings 20.41 26.52 34.34
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 7.25 4.02 18.23
Net Cash Generated From / (used in) investing activities 1.72 6.82 -10.85
Net Cash Generated From / (used in) financing activities -8.52 -11.00 -7.29
Net Increase (Decrease) In Cash And Cash Equivalents 0.45 -0.16 0.09


Strengths

1. Broad range of IT equipment, from servers to projectors, catering to diverse client needs.
2. Customer-centric approach with tailored IT solutions for businesses of all sizes.
3. 24/7 dedicated support team ensuring prompt service and minimal disruption.
4. Zero downtime policy by maintaining extra stock to replace faulty equipment.
5. Nationwide service coverage with strong client presence in Maharashtra.
 

Risks

1. Dependence on the Maharashtra market may limit growth potential in other regions.
2. Limited workforce may impact scalability and ability to manage large client volumes.
4. Heavy reliance on equipment rental income may affect revenue diversity.
5. Potential risks from rapid technological obsolescence in IT hardware.
6. Competitive market in IT rentals could put pressure on pricing and profit margins.
 

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FAQs

Mangal Compusolution IPO opens from 12 November to 14 November 2024.

The size of Mangal Compusolution IPO is ₹16.23 Cr.

The price of Mangal Compusolution IPO is fixed at ₹45 per share. 

To apply for Mangal Compusolution IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Mangal Compusolution IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Mangal Compusolution IPO is 3,000 shares and the investment required is ₹1,35,000.

The share allotment date of Mangal Compusolution IPO is 18 November 2024

The Mangal Compusolution IPO will be listed on 20 November 2024.

Jawa Capital Services Pvt Ltd is the book running lead manager for Mangal Compusolution IPO.
 

Mangal Compusolution plans to utilise the raised capital from the IPO for:

1. Capital Expenditure.
2. General Corporate Purposes.