Mangal Compusolution Ltd. was incorporated on April 11, 2011. The company provides IT hardware solutions, specializing in rentals and sales, to meet the evolving needs of businesses across industries. Its services include end-to-end solutions, offering top-tier equipment that helps organizations thrive in the digital age
| Bidding Dates |
|---|
| 12 Nov 2024 - 14 Nov 2024 |
| Subscription |
|---|
| 32.86x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 3000 | 3.6 M | ₹45 | 73.5 % | ₹162.3 M | RHP DOC |
Mangal Compusolution Ltd. IPO SUBSCRIPTION STATUS
14 Nov '24Mangal Compusolution Ltd. IPO overall subscription rate was 32.86 times the total available shares
Mangal Compusolution Ltd. IPO retail subscription rate was 44.49 times in the retail segment
Mangal Compusolution Ltd. IPO non-institutional investor subscription rate was 21.24 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Nov 2024 (Day 3) | 44.49x | 21.24x | - |
13 Nov 2024 (Day 2) | 12.57x | 2.46x | - |
12 Nov 2024 (Day 1) | 4.12x | 0.92x | - |
Mangal Compusolution Ltd. 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 |
| Q1FY25 | 8.1 | 40.8 | 23.0 | 18.6 | 60.3% |
| FY24 | 38.6 | 208.9 | 72.5 | 42.0 | 56.6% |
| FY23 | 70.4 | 174.8 | 40.2 | 19.8 | 88.3% |
| FY22 | 8.7 | 172.1 | 182.3 | 137.3 | 60.9% |
Mangal Compusolution Ltd. IPO SUBSCRIPTION STATUS DETAILS
Mangal Compusolution Ltd. had 3.6 M shares on offer
Mangal Compusolution Ltd. IPO offer price was ₹45
Mangal Compusolution Ltd. IPO minimum Investment was ₹135000
Mangal Compusolution Ltd. IPO issue size was ₹ 162.3 M
Mangal Compusolution Ltd. had a minimum lot size of 3000 Shares per application
Mangal Compusolution Ltd. NUMBER OF SHARES ON OFFER
Mangal Compusolution Ltd. IPO IMPORTANT DATES
| Issue Open Date | 12 Nov 2024 |
| Issue close Date | 14 Nov 2024 |
| Allotment Date | 18 Nov 2024 |
| Refund Date | 19 Nov 2024 |
| Demat Account Credit Date | 19 Nov 2024 |
| Listing Date | 21 Nov 2024 |
| Listing on Exchange(s) | BSE |
| Mangal Compusolution Ltd. Allotment Status | Exchange |
Mangal Compusolution Ltd. IPO subscription opened on 12 Nov 2024, and closed on 14 Nov 2024
IPO allotment for Mangal Compusolution Ltd. was finalized on Monday, 18 Nov 2024
IPO listing for Mangal Compusolution Ltd. was on BSE on Thursday, 21 Nov 2024
Mangal Compusolution Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 45.0 |
| Listing Open Price | 45.0 |
| Listing Close Price | 42.8 |
| Listing Gain% | 0.0% |
| Current Gain% | -5.3% |
Mangal Compusolution Ltd. 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mangal Compusolution Ltd. | 42.6 | 58 | 9.6 | 0.3 | 1.5 | 13.4 | 8.7 | 38.3 | 40.2 | 6 | 32.3 | 4.4 | 32.3 |
| GNG Electronics Ltd. | 562 | 6407.4 | 45 | 0.3 | 3.2 | 17.4 | 10.5 | 1895.4 | 33.4 | 132 | 91.8 | 12.5 | 160.6 |
| Control Print Ltd. | 577.4 | 923.4 | 23.7 | -0.4 | 1.9 | 9.8 | 7.5 | 484.2 | 12.2 | 43.6 | -56.4 | 24.4 | -59.8 |
| Bharat Global Developers Ltd. | 86.2 | 872.4 | -10135.3 | 100.8 | 33.4 | -0.1 | 0 | 27.2 | -96 | -0.1 | -100.8 | 0 | -100.5 |
| Panache Digilife Ltd. | 466 | 746.3 | 39.4 | 0.2 | 2.8 | 15.3 | 7.1 | 245.4 | 110.1 | 16.2 | 135 | 11.8 | 158.1 |
| BCC Fuba India Ltd. | 218.2 | 432.4 | 52.5 | 0.2 | 5.2 | 12.7 | 7 | 72.7 | 53.8 | 5.8 | 55.8 | 4.2 | 262.2 |
Mangal Compusolution Ltd. INFORMATION ON IPO ISSUE
About Mangal Compusolution Ltd.
Mangal Compusolution Ltd. was incorporated on April 11, 2011. The company provides IT hardware solutions, specializing in rentals and sales, to meet the evolving needs of businesses across industries. Its services include end-to-end solutions, offering top-tier equipment that helps organizations thrive in the digital age
Object of the Issue
- Capital expenditure
- General corporate purposes
Mangal Compusolution Ltd. - PROMOTERS
| Name |
|---|
| Hardik Meghraj Jain |
| Neeta Mukesh Desai |
| Pathik Mukesh Desai |
| Mukesh Khandubhai Desai |
| Binny Pathik Desai |
Mangal Compusolution Ltd. Lead Manager of the Issue
Jawa Capital Services Private Limited
mbd@jawacapital.in
Mangal Compusolution Ltd. Registrar to the issue
Kfin Technologies Limited
mangalcomp.ipo@kfintech.com
Mangal Compusolution Ltd. Strengths
Diverse product range
The company offers a comprehensive range of products from leading brands like HP, Dell, Lenovo, and more. This gives clients access to a diverse selection of high-quality IT hardware tailored to meet their specific needs
Timely turnaround
The company's strength lies in helping companies meet tight turnaround times by providing quick and efficient IT hardware solutions. This ensures seamless operations by fulfilling urgent hardware needs in a timely manner
Customer-centric approach
Understanding the unique needs of each customer is central to their operations. By tailoring solutions to meet specific requirements, the company offers personalized services that align with every client's business objectives
Mangal Compusolution Ltd. Risks
Litigation and potential liabilities
The company and some group companies are involved in ongoing litigations and claims before various regulatory authorities. Any unfavorable rulings could result in liabilities or negatively impact its reputation, business, and financial status
Non-filings and discrepancies
The company has had instances of non-filings and discrepancies in regulatory submissions. These delays may lead to regulatory actions and penalties, negatively affecting the business and financial condition
Competition
The IT industry is highly fragmented, with competition from both organized and unorganized players. Key competitive factors include service quality, customer support, pricing, and timely delivery, while low entry barriers encourage new entrants with innovative business models
IPO FAQs
The promoters of the company are Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mukesh Khandubhai Desai and Binny Pathik Desai.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 45.0 - 45.0.
The IPO application opens on Nov 12, 2024 and closes on Nov 14, 2024.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Nov 18, 2024.
The refund will be credited to your account on Nov 19, 2024.
The allotted shares will be credited to your demat on Nov 19, 2024.
Mangal Compusolution Ltd.’s shares listed on the stock exchanges on Nov 21, 2024.