The Manglam Infra And Engineering IPO is a book-built issue worth ₹27.62 crores. It consists entirely of fresh shares, totaling 49.32 lakh. Subscription for the IPO opens on July 24, 2024, closing on July 26, 2024. The allotment process is expected to conclude on Monday, July 29, 2024. Once listed, the IPO will trade on the NSE SME with a tentative listing date set for Wednesday, July 31, 2024.
Investors can participate by bidding for a minimum of 2000 shares. The price band for each share is ₹53 to ₹56. Retail investors need a minimum investment of ₹112,000, while high-net-worth individuals (HNIs) must invest in 2 lots (4,000 shares), amounting to ₹224,000.
Unistone Capital Pvt Ltd serves as the book running lead manager, and Bigshare Services Pvt Ltd acts as the registrar for this IPO. Additionally, Giriraj Stock Broking is the market maker for the Manglam Infra And Engineering IPO1. The company operates in the engineering and infrastructure sector.
Manglam Infra And Engineering IPO Details:
| Company Name | Manglam Infra and Engineering Limited |
| Sector | Engineering and Infrastructure |
| IPO Type | SME |
| IPO Open date | 24th July 2024 |
| IPO Close date | 26th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Manglam Infra And Engineering IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,12,000 |
| HNI (Min) | 2 | 4000 | 2,24,000 |
Manglam Infra And Engineering IPO Timeline:
| IPO Open Date | 24th July 2024 |
| IPO Close Date | 26th July 2024 |
| Basis of Allotment | 29th July 2024 |
| Refund Initiation Date | 30th July 2024 |
| Shares Credit to Demat | 30th July 2024 |
| Listing Date | 31st July 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Manglam Infra And Engineering’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Engineering and Infrastructure industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Manglam Infra And Engineering and be a part of its growth. We will update our verdict once the IPO application window opens
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
