Manglam Infra And Engineering is an infrastructure consultancy company, and its core business is providing project management consultancy services which include detailed project reports, supervision and quality control, and operation & maintenance for highways/roads, bridges, tunnels, buildings/urban development.
| Bidding Dates |
|---|
| 24 Jul 2024 - 26 Jul 2024 |
| Subscription |
|---|
| 337.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,06,000 | 1 | 1 | 2000 | 4.9 M | ₹53 - ₹56 | 71.97 % | ₹261.4 M - ₹276.2 M | RHP DOC |
Manglam Infra IPO SUBSCRIPTION STATUS
26 Jul '24Manglam Infra IPO overall subscription rate was 337.41 times the total available shares
Manglam Infra IPO retail subscription rate was 454.49 times in the retail segment
Manglam Infra IPO non-institutional investor subscription rate was 923.39 times in the non-institutional investor category
Manglam Infra IPO Qualified Institutional Bidder subscription rate was 79.67 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Jul 2024 (Day 3) | 454.49x | 923.39x | 79.67x |
25 Jul 2024 (Day 2) | 109.82x | 57.02x | 2.35x |
24 Jul 2024 (Day 1) | 31.35x | 12.88x | 0.45x |
Manglam Infra FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 67.6 | 402.4 | 8.5 | -17.5 | 25.8% |
| FY23 | 55.4 | 344.2 | 44.7 | 30.1 | 25.3% |
| FY22 | 33.3 | 258.1 | 36.6 | 12.1 | 18.2% |
Manglam Infra IPO SUBSCRIPTION STATUS DETAILS
Manglam Infra had 4.9 M shares on offer
Manglam Infra IPO offer price was in the range ₹53 - ₹56
Manglam Infra IPO minimum Investment was ₹106000
Manglam Infra IPO issue size was ₹ 261.4 M - ₹ 276.2 M
Manglam Infra had a minimum lot size of 2000 Shares per application
Manglam Infra NUMBER OF SHARES ON OFFER
Manglam Infra IPO IMPORTANT DATES
| Issue Open Date | 24 Jul 2024 |
| Issue close Date | 26 Jul 2024 |
| Allotment Date | 29 Jul 2024 |
| Refund Date | 30 Jul 2024 |
| Demat Account Credit Date | 30 Jul 2024 |
| Listing Date | 31 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Manglam Infra Allotment Status | Exchange |
Manglam Infra IPO subscription opened on 24 Jul 2024, and closed on 26 Jul 2024
IPO allotment for Manglam Infra was finalized on Monday, 29 Jul 2024
IPO listing for Manglam Infra was on NSE on Wednesday, 31 Jul 2024
Manglam Infra IPO LISTING GAINS
| Issue Price (adjusted) | 56.0 |
| Listing Open Price | 106.4 |
| Listing Close Price | 111.7 |
| Listing Gain% | 90.0% |
| Current Gain% | -76.6% |
Manglam Infra Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Manglam Infra & Engineering Ltd. | 13.1 | 23.1 | 7.3 | 1 | 0.6 | 6.6 | 5.1 | 36 | -22.1 | 3.1 | 7 | 1.8 | 7 |
| Central Mine Planning & Design Institute Ltd. | 250.1 | 17860 | 26.8 | 18.8 | 2397.4 | 10.1 | 613.2 | -8.1 | |||||
| Engineers India Ltd. | 240.6 | 13522.7 | 19.6 | 1 | 3.4 | 22 | 11.8 | 4123.2 | 27 | 691.6 | 19.3 | 12.3 | 19.3 |
| Qualitek Labs Ltd. | 450 | 449.1 | 30.8 | 9.6 | 5.4 | 125 | 76.8 | 14.6 | 131.7 | 14.6 | |||
| Monarch Surveyors and Engineering Consultants Ltd. | 231 | 327 | 8.8 | 16.1 | 13.8 | 176.8 | 13.6 | 37.2 | 6.9 | 26.3 | |||
| Likhami Consulting Ltd. | 299 | 297.5 | 934.7 | 96.6 | 374 | 0.7 | 0.7 | 0.8 | 15.9 | 0.2 | 6.4 | 0.3 | 9.7 |
Manglam Infra INFORMATION ON IPO ISSUE
About Manglam Infra
Manglam Infra And Engineering is an infrastructure consultancy company, and its core business is providing project management consultancy services which include detailed project reports, supervision and quality control, and operation & maintenance for highways/roads, bridges, tunnels, buildings/urban development.
Object of the Issue
- To meet the working capital requirements
- General corporate purposes
Manglam Infra - PROMOTERS
| Name |
|---|
| Ajay Verma |
| Yogendra Kumar Singh |
| Nisha Singh |
| Seema Verma |
Manglam Infra Lead Manager to the Issue
Unistone Capital Private Limited
mb@unistonecapital.com
Manglam Infra Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Manglam Infra Strengths
Presence in diversified projects
The company has a presence across a spectrum of diversified projects, such as road/highway projects, bridge projects, tunnel projects, and building and urban development projects. It provides consultancy services for a wide array of infrastructure projects
Wide range of services
The company's services include preparation of DPR and feasibility studies for infrastructure projects, operations & maintenance works, project management consultancy services, independent consultancy, project planning, designing, estimation, supervision, and quality control, consultancy services for authority engineers for supervision, independent engineer services, etc
Manglam Infra Risks
Faces competition
The company faces competition in its business from organized and unorganized players, which may adversely affect the business operation and financial condition
Certain legal proceedings
The company is involved in certain legal proceedings, which, if determined adversely, may affect the business and financial condition
IPO FAQs
The promoters of the company are Ajay Verma, Yogendra Kumar Singh, Nisha Singh and Seema Verma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 53.0 - 56.0.
The IPO application opens on Jul 24, 2024 and closes on Jul 26, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 106,000.0, the maximum value for this IPO is Rs 112,000.0.
This IPO will be allotted on Jul 29, 2024.
The refund will be credited to your account on Jul 30, 2024.
The allotted shares will be credited to your demat on Jul 30, 2024.
Manglam Infra & Engineering Ltd.’s shares listed on the stock exchanges on Jul 31, 2024.