Mangal Compusolution IPO
- IPO Date12 Nov, 2024 to 14 Nov, 2024
- Listing Date20 Nov, 2024
- Face Value₹10 per share
- Issue Price-
- Lot Size3000 Shares
- Minimum Investment₹0
- Listing AtBSE SME
- Total Issue Size36,06,000 Shares
- Fresh Issue36,06,000 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,00,00,000
- Shareholding post issue1,36,06,000
IPO Dates
Closing Date
14 Nov, 2024
Initiation of Refunds
19 Nov, 2024
Listing Date
20 Nov, 2024
12 Nov, 2024
Opening Date
18 Nov, 2024
Basis of Allotment
19 Nov, 2024
Credit of Shares
Mangal Compusolution Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Min) | 1 | 3000 | ₹1,35,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 3000 | ₹1,35,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,70,000 |
Mangal Compusolution Promoter Holding
The Promoters of the Company are Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mr. Mukesh Khandubhai Desai and Mrs. Binny Pathik.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 73.5% |
Mangal Compusolution COMPANY INFORMATION
Mangal Compusolution IPO is a fixed price issue of Rs 16.23 crores. The issue is entirely a fresh issue of 36.06 lakh shares. Mangal Compusolution IPO opens for subscription on November 12, 2024 and closes on November 14, 2024. The allotment for the Mangal Compusolution IPO is expected to be finalized on Monday, November 18, 2024. Mangal Compusolution IPO will list on BSE SME with tentative listing date fixed as Wednesday, November 20, 2024. Mangal Compusolution IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000. Jawa Capital Services Private Limited is the book running lead manager of the Mangal Compusolution IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Mangal Compusolution IPO is Rikhav Securities. Refer to Mangal Compusolution IPO RHP for detailed information.
Incorporated in April 2011, Mangal Compusolution provides hardware rental solutions to fulfill the needs of businesses across various industries. The company rents IT hardware and offers comprehensive end-to-end IT equipment. It rents diverse IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories.
Mangal Compusolution provides small and large enterprises with customizable IT hardware products, including laptops, desktops, servers, and other equipment, to meet clients' specific requirements.
- Rental Income from lease of IT Equipment i.e., Computers & Peripherals
- Sale of IT Equipment, and
- IT Equipment Maintenance Service Fees
Competitive Strength:
- Huge variety of products to offer, including HP, Dell, Lenovo, and more.
- Customer-Centric Approach
- 24/7 dedicated support team and service availability.
- Zero downtime by keeping stock of extra equipment to replace faulty system.
As of September 30, 2024, the company has 24 full-time employees and five directors, including one Managing Director, one Executive Director, one Non-Executive Director, and three Independent Directors.
Mangal Compusolution IPO
IPO Overview and Key Highlights
Mangal Compusolution is offering its Initial Public Offering (IPO) consisting of 36,06,000 equity shares at a price of Rs 45 per share (face value Rs 10 each). The IPO is a 100% fresh issue, with no Offer for Sale (OFS). The total proceeds from the IPO will be Rs 1,622.70 lakhs, primarily aimed at funding working capital requirements and corporate purposes. The shares will be listed on the BSE SME Platform.
Key IPO Details
- Type of Issue: Fixed Price Issue
- Total Issue Size: 36,06,000 equity shares
- Face Value: Rs10 per share
- Offer Price: Rs45 per share
- Offer Opens: November 12, 2024
- Offer Closes: November 14, 2024
- Listing Exchange: BSE SME.
Company Overview
Mangal Compusolution was originally incorporated as Pathik Computer Systems Private Limited in 2011 and rebranded in 2023. The company specializes in information technology-enabled solutions such as software development, IT consulting, and digital transformation services. Based in Mumbai, the company has developed a strong reputation for providing quality IT services.
Financial Overview
The company has demonstrated stable revenue and profit growth over the last three fiscal years. The fresh IPO proceeds are expected to bolster its working capital and support business expansion.
Key Strengths of Mangal Compusolution
- Experienced Management: Backed by promoters with extensive expertise in the IT sector.
- Focus on IT Solutions: Diverse service offerings targeting the growing digital transformation needs of businesses.
- Market Potential: Increased demand for IT services in India provides growth opportunities.
IPO Pros and Cons
Pros
- Rising IT Market: The Indian IT market is expanding, offering favorable conditions for Mangal Compusolution to grow.
- Direct Growth Benefits: Proceeds from the fresh issue will directly contribute to the company’s growth.
- Emerging Platform Visibility: Listing on BSE SME offers broader investor access and credibility.
Cons
- Market Competition: The IT sector is highly competitive, with large and small players vying for market share.
- Dependence on Clients: A significant portion of revenue may depend on key clients.
- First Public Issue: Uncertainty regarding stock performance after listing.
Risk Factors
Investors should consider the following risks:
- Economic Sensitivity: Changes in global or domestic economic conditions could impact demand for IT services.
- Client Concentration: Loss of key clients may adversely affect revenues.
- Regulatory and Compliance Risks: Adherence to IT and financial regulations is essential for seamless operations
Conclusion
The Mangal Compusolution IPO provides an opportunity to invest in a growing IT services company targeting the digital transformation sector. With experienced management and an increasing focus on IT demand, the company is positioned for growth. However, investors should carefully consider risks like market competition and regulatory dependencies before investing.
FAQs About Mangal Compusolution Ipo
Mangal Compusolution IPO will open on 12 Nov, 2024 and close on 14 Nov, 2024. Investors must apply within this period to participate.
The Mangal Compusolution IPO price band is set between ₹45.00 and ₹0.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹0.00.
The Mangal Compusolution IPO shares are expected to be listed on 20 Nov, 2024, subject to regulatory approvals and final allotment.
You can track your Mangal Compusolution IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Mangal Compusolution IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.