Mangal Compusolution is launching an IPO valued at Rs 16.23 crores as a fixed-price issue, comprising an entirely fresh issue of 36.06 lakh shares.
The IPO opens for subscription on November 12, 2024, and closes on November 14, 2024. The allotment of shares is expected to be finalized by Monday, November 18, 2024, with Mangal Compusolution shares set to list on the BSE SME. The tentative listing date is Wednesday, November 20, 2024.
Mangal Compusolution operates in the IT hardware rental and sales sector. They provide a wide range of IT equipment, including servers, desktops, laptops, routers, projectors, and more. Their services cater to both businesses and individuals, offering flexible rental options and customized IT configurations.
The IPO price is fixed at ₹45 per share, with a minimum application lot size of 3,000 shares. Retail investors must invest a minimum of ₹135,000. For HNI investors, the minimum investment is 2 lots (6,000 shares), amounting to ₹270,000.
Jawa Capital Services Private Limited is the book-running lead manager for the Mangal Compusolution IPO, while KFin Technologies Limited is acting as the registrar. The market maker for the IPO is Rikhav Securities.
Mangal Compusolution IPO Details:
| Company Name | Mangal Compusolution Limited |
| Sector | IT Hardware Rental and Sales |
| IPO Type | SME |
| IPO Open date | 12th Nov 2024 |
| IPO Close date | 14th Nov 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Mangal Compusolution IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,35,000 |
| HNI (Min) | 2 | 6000 | 2,70,000 |
Mangal Compusolution IPO Timeline:
| IPO Open Date | 12th Nov 2024 |
| IPO Close Date | 14th Nov 2024 |
| Basis of Allotment | 18th Nov 2024 |
| Refund Initiation Date | 19th Nov 2024 |
| Shares Credit to Demat | 19th Nov 2024 |
| Listing Date | 20th Nov 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Mangal Compusolution’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s IT Hardware Rental and Sales 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 Mangal Compusolution and be a part of its growth.
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.
