Mangal Compusolution IPO Overview
Mangal Compusolution is launching an IPO with a fixed price issue of ₹16.23 crores. This entirely fresh issue offers 36.06 lakh shares at a price of ₹45 per share. The IPO opens for subscription on November 12, 2024, and will close on November 14, 2024.
Allotment and Listing Details
The IPO allotment is expected to be finalized by November 18, 2024. Mangal Compusolution will list on the BSE SME with the tentative listing date set for November 20, 2024.
Investment and Lot Size
For retail investors, the minimum application lot size is 3000 shares, requiring an investment of ₹135,000. High Net-Worth Individuals (HNIs) must apply for a minimum of 2 lots (6,000 shares), amounting to ₹270,000.
Issue Management and Registrar
The Book Running lead manager for the IPO is Jawa Capital Services Private Limited, with Kfin Technologies Limited serving as the registrar. The market maker for the IPO is Rikhav Securities.
For further details, refer to the Mangal Compusolution IPO RHP.
Mangal Compusolution IPO Important dates
Mangal Compusolution IPO opens on November 12, 2024, and closes on November 14, 2024.
| IPO Open Date | Tuesday, November 12, 2024 |
| IPO Close Date | Thursday, November 14, 2024 |
| Basis of Allotment | Monday, November 18, 2024 |
| Initiation of Refunds | Tuesday, November 19, 2024 |
| Credit of Shares to Demat | Tuesday, November 19, 2024 |
| Listing Date | Wednesday, November 20, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 14, 2024 |
Mangal Compusolution IPO Financial Performance
Mangal Compusolution Limited’s revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,492.01 | 4,552.12 | 4,715.71 | 5,267.09 |
| Revenue | 453.44 | 2,344.42 | 3,483.18 | 1,848.78 |
| Profit After Tax | 80.97 | 385.80 | 704.09 | 86.62 |
| Net Worth | 2,080.88 | 1,999.90 | 1,614.10 | 910.00 |
| Reserves and Surplus | 1,080.88 | 999.90 | 1,414.10 | 710.00 |
| Total Borrowing | 1,862.75 | 2,041.21 | 2,652.30 | 3,434.12 |
Mangal Compusolution IPO Key Performance Indicator
The market capitalization of Mangal Compusolution IPO is Rs 61.23 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 3.97% |
| ROCE | 2.05% |
| Debt/Equity | 0.9 |
| RoNW | 15.56% |
| P/BV | 2.16 |
| PAT Margin (%) | 19.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.86 | 2.38 |
| P/E (x) | 11.66 | 18.9 |
Mangal Compusolution IPO Objectives
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects
- Capital Expenditure
- General corporate purposes;
Mangal Compusolution IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
Mangal Compusolution IPO Details
| IPO Date | November 12, 2024 to November 14, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,606,000 shares (aggregating up to ₹16.23 Cr) |
| Fresh Issue | 3,606,000 shares (aggregating up to ₹16.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE, SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,606,000 |
| Market Maker portion | 186,000 shares Rikhav Securities |
Mangal Compusolution IPO Company Overview and Services
Founded in April 2011, Mangal Compusolution Limited is a leading provider of hardware rental solutions for businesses across various industries. The company specializes in renting IT hardware and offers a wide range of end-to-end IT equipment to cater to diverse business needs.
IT Hardware Rental Services
Mangal Compusolution rents a variety of IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA systems, and various accessories. The company offers both small and large enterprises customizable IT hardware products tailored to specific requirements.
Client Base and Service Coverage
While Mangal Compusolution’s major clients are primarily based in Maharashtra, the company extends its services to businesses across all of India.
Business Segments
Mangal Compusolution operates in three key areas:
- Rental Income from leasing IT equipment, including computers and peripherals.
- Sale of IT Equipment to businesses.
- IT Equipment Maintenance Service Fees, ensuring continued performance and support for its hardware products.
Mangal Compusolution IPO SWOT Analysis
Strengths
- Established Market Position: BlackBuck has a strong presence in the logistics and supply chain sector, which is crucial for the Indian economy. Their innovative technology platform serves a broad network of small and large businesses.
- Extensive Client Base: The company caters to a wide range of industries, from SMEs to large enterprises, which enhances its revenue potential and client retention.
- Comprehensive Service Offering: BlackBuck offers integrated solutions, including IT equipment leasing, sales, and maintenance, which diversifies its revenue streams.
- Scalable Business Model: The rental model for IT hardware and technology-driven services allows for scalability, with the ability to serve businesses of all sizes across different regions of India.
Weaknesses
- Dependency on Major Clients: The company’s customer base is heavily concentrated in Maharashtra, which could pose a risk if regional market conditions change.
- Limited Brand Recognition Outside Key Markets: While BlackBuck has a strong presence in Maharashtra, its brand visibility and market share may be limited in other parts of India. This could impact its expansion plans.
- Operational Challenges: Managing a diverse range of IT hardware products and maintaining them can result in high operational costs and service complexities, especially with a large client base.
Opportunities
- Expansion into New Markets: BlackBuck has the opportunity to expand its presence outside Maharashtra, tapping into other growing business hubs across India.
- Increasing Demand for IT Solutions: With the rise of digital transformation and remote working, businesses are increasingly looking for rental IT solutions, creating a growing market for BlackBuck’s services.
- Technological Advancements: The company can leverage technological innovations in IT equipment and maintenance services to enhance its offerings, improve customer satisfaction, and streamline operations.
Threats
- Competition: BlackBuck faces significant competition from both established players and new entrants in the hardware rental and IT service sector, which may impact market share.
- Economic Downturns: Economic slowdowns or disruptions, like the COVID-19 pandemic, could negatively impact businesses’ budgets for IT equipment rentals and services.
- Regulatory Risks: Changes in government regulations around IT leasing or e-commerce could pose challenges, especially in a rapidly evolving tech-driven sector.
Mangal Compusolution IPO GMP Details
Mangal Compusolution SME IPO last GMP is ₹7, last updated Nov 14th 2024. With the price band of 45.00, Mangal Compusolution SME IPO’s estimated listing price is ₹52 (cap price + today’s GMP).The expected percentage gain/loss per share is 15.56%.
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 14-11-2024 Close | 45.00 | ₹7  |
16000 | ₹52 (15.56%) | 14-Nov-2024 |
| 13-11-2024 | 45.00 | ₹7  |
16000 | ₹52 (15.56%) | 13-Nov-2024 |
| 12-11-2024 Open | 45.00 | ₹10 |
22800 | ₹55 (22.22%) | 12-Nov-2024 |
| 11-11-2024 | 45.00 | ₹10  |
22800 | ₹55 (22.22%) | 11-Nov-2024 |
| 10-11-2024 | 45.00 | ₹3 |
6800 | ₹48 (6.67%) | 10-Nov-2024 |
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
Want to Raise money for your company through SME IPO? Read More
Mangal Compusolution IPO subscription status
Mangal Compusolution IPO subscribed 7.87 times. The public issue subscribed 13.25 times in the retail category, 2.49 times in Other category by November 13, 2024.
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Others | 2.49 | 1,710,000 | 42,51,000 | 19.13 |
| Retail Investors | 13.25 | 1,710,000 | 2,26,56,000 | 101.95 |
| Total * | 7.87 | 3,420,001 | 2,69,07,000 | 121.08 |
Total Application : 9,997 (17.54 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
* Market Maker portion of 186,000 equity shares not included.
Mangal Compusolution IPO (Day-wise) Subscription Details (times)
| Date | Other | Retail | Total |
|---|---|---|---|
| Day 1 November 12, 2024 |
0.97 | 4.34 | 2.65 |
| Day 2 November 13, 2024 |
2.49 | 13.25 | 7.87 |
Mangal Compusolution IPO Allotment status
The allotment status of Mangal Compusolution IPO is expected to be available on November 18, 2024.
Mangal Compusolution IPO allotment status is not available at this time. Mangal Compusolution IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Mangal Compusolution Limited IPO allotment status.
To check Mangal Compusolution IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to mangalcomp.ipo@kfintech.com.
Mangal Compusolution IPO Contact Details
Mangal Compusolution Limited
Unit No. 03, Satguru Nanak Industrial Estate
Off Western Express Highway,
Goregaon (East), Mumbai-400063
Phone: +91-22-40360500
Email: compliance@mangalcompusolution.com
Website: https://www.mangalcompusolution.com/
Mangal Compusolution IPO Lead Manager
- Jawa Capital Services Private Limited
Mangal Compusolution IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mangalcomp.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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