IPO

Mangal Compusolution Limited IPO

BSE SME

Listed On: Nov 21, 2024 at ₹ 45.0

₹ 270000 /6000 Shares
*Min Investment

Check Allotment

12 Nov, 2024

Open Date

14 Nov, 2024

Close Date

18 Nov, 2024

Allotment Date

21 Nov, 2024

Listing Date
Mangal Compusolution IPO Issue Details
  • Issue Price ₹45 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 36,06,000 shares(aggregating up to ₹16.23 crore)
  • Fresh Share 36,06,000 shares(aggregating up to ₹16.23 crore)
  • Listing at BSE SME
  • List Price 45.0
  • Listing Date 2024-11-21
  • Lead Manager Jawa Capital Services Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)13000₹1,35,000
Retail(max)13000₹1,35,000
NII (min) 26000₹2,70,000
Mangal Compusolution IPO Reservation

Mangal Compusolution IPO offers total 36,06,001 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,17,10,000 (47.42%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered1,86,000 (5.16%)
Retail Shares Offered17,10,000 (47.42%)
Total Shares Offered36,06,001 (100%)
Mangal Compusolution IPO Documents
DRHP
RHP
Mangal Compusolution IPO Details


Mangal Compusolution Limited IPO is an SME IPO, priced at ₹45 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 36,06,000 equity shares, aggregating up to ₹16.23 crores..

The IPO bidding window is open from Nov 12, 2024 to Nov 14, 2024. The allotment is expected to be finalized on Nov 18, 2024, and the tentative listing date is Nov 21, 2024.

The minimum lot size for Retail investors is 3000 shares, with a minimum investment of ₹1,35,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,70,000.

Jawa Capital Services Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Rikhav Securities Limited will act as the market maker for this issue.

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Mangal Compusolution IPO Subscription Analysis And Details
Retail
46.91x
Total
34.59x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,710,0001,710,0003,420,000
Day 1 12-11-24 06:00 PM
0.97 x4.34 x2.65 x
Day 2 13-11-24 06:00 PM
2.49 x13.25 x7.87 x
Day 3 14-11-24 06:00 PM
22.28 x46.91 x34.59 x
Total No of Applications
29,461
Mangal Compusolution Valuations
EPS Pre IPO ₹3.86/-
EPS Post IPO ₹2.38/-
P/E Pre IPO 11.66
P/E Post IPO 18.9
ROE 3.97%
ROCE 2.05%
Debt/Equity 0.90
RoNW 15.56%
PAT Margin 19.82
Price to Book Value 2.16
Mangal Compusolution Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets4,552.124,715.715,267.09
Revenue2,344.423,483.181,848.78
Profit After Tax385.80704.0986.62
Net Worth1,999.901,614.10910.00
Reserves & Surplus999.901,414.10710.00
Total Borrowing2,041.212,652.303,434.12
About Mangal Compusolution Company

Mangal Compusolution Limited, incorporated in April 2011, caters to all business needs within diverse industries. The company is renting IT hardware and providing the whole gamut of end-to-end IT equipment. It has diversified IT equipment that includes renting of servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, and all sorts of accessories.

Mangal Compusolution offers small as well as big enterprises with its customized IT hardware products, for example, laptop, desktop, server, and all other equipment. The company mainly caters to the needs of clients based in Maharastra although it operates its services across India.
The above business of the company can be categorized into following heads
Income from rental services of IT Equipments i.e., Computers & Peripherals
Revenue from sales of IT Equipments
Service charges on IT Equipment Maintenance Service

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Mangal Compusolution - Promoter(s)

Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mr. Mukesh Khandubhai Desai and Mrs. Binny Pathik.

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.50%

Mangal Compusolution IPO - Issue Objectives
1

Capital Expenditure

2

General corporate purposes

Mangal Compusolution IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Mangal Compusolution Limited3.863.8619.9911.6615.562.25Standalone
Silicon Rental Solutions Ltd12.5612.5661.1420.2220.54N/AStandalone

Notes:

  1. Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders at the end of the Fiscal period/year divided by the outstanding number of Equity Shares used in calculating basic earnings per share.
  2. The P/E Ratio has been computed based on the closing market price of equity shares on BSE on October 07, 2024, being the last trading price available divided by the Diluted EPS provided.
  3. Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of our Company divided by restated average Net Worth for Equity Shareholders.
Contact Details

Mangal Compusolution

Unit No. 03, Satguru Nanak Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai-400063

+91-22-40360500

compliance@mangalcompusolution.com

https://www.mangalcompusolution.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

mangalcomp.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/