Mangal Compusolution IPO Details: The Mangal Compusolution Services IPO will open on November 12, 2024, and close on November 14, 2024. This is a Fixed Price Issue, with the company aiming to raise approximately ₹16.23 crores. The IPO consists of a fresh issue of ₹16.23 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the Mangal Compusolution Services IPO is ₹45 per share. The retail quota is 50%, HNI is 50%, and QIB is 0%. The shares are expected to list on the NSE on November 18, 2024, with allotment scheduled for November 20, 2024.
In terms of financial performance, the company reported a revenue of ₹23.44 crores in FY 2024, down from ₹34.83 crores in FY 2023. Net profit for FY 2024 stood at ₹3.86 crores, compared to ₹7.04 crores in the previous year. Given the financial trends, investors may consider this IPO for long-term investment.
Mangal Compusolution IPO Objectives:
- Capital Expenditure
- General corporate purposes;
Mangal Compusolution IPO Review (Apply or Not)
- Avoid
Mangal Compusolution IPO Date & Price Band Details:
| IPO Open Date: | November 12, 2024 |
| IPO Close Date: | November 14, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹45 Per Share |
| Issue Size: | Approx ₹16.23 Crores |
| Fresh Issue: | Approx ₹16.23 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| QIB Quota: | Not more than 00% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Mangal Compusolution IPO Lot Size:
The minimum market lot for the Mangal Compusolution Services IPO is 3,000 shares, requiring an application amount of ₹135,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 3,000 | ₹135,000 |
| Retail Maximum | 1 | 3,000 | ₹135,000 |
| S-HNI Minimum | 2 | 6,000 | ₹270,000 |
Mangal Compusolution IPO Timeline:
The Mangal Compusolution Services IPO will open on November 12 and close on November 14. The allotment for the IPO will be finalized on November 18, with shares expected to list on November 20.
| IPO Open Date: | November 12, 2024 |
| IPO Close Date: | November 14, 2024 |
| Basis of Allotment: | November 18, 2024 |
| Refunds: | November 19, 2024 |
| Credit to Demat Account: | November 19, 2024 |
| IPO Listing Date: | November 20, 2024 |
Mangal Compusolution IPO GMP Today:
The latest Grey Market Premium (GMP) for the Mangal Compusolution SME IPO is ₹10. With the price band set at ₹45 per share, the estimated listing price of the IPO is ₹55 (the cap price plus today’s GMP). This reflects an expected gain of 22.22% per share.
Promoters of Mangal Compusolution Services IPO
The promoters of Mangal Compusolution Services are Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mukesh Khandubhai Desai, and Binny Pathik.
About Mangal Compusolution Services IPO
Founded in April 2011, Mangal Compusolution Limited is a leading provider of computer rental services across various cities in India. The company specializes in offering affordable hardware and software rental solutions, catering to both short- and long-term requirements. Their wide range of equipment includes servers, laptops, desktops, projectors, routers, switches, workstations, Plasma/LCD TVs, PA systems, and various accessories. Mangal Compusolution partners with renowned tech brands such as IBM, Dell, HP, Lenovo, Sony, Compaq, and Toshiba. With a reputation for delivering high-quality, tested machines with quick turnaround times, the company has served numerous high-profile clients over the past 20 years. However, the company’s sales declined by 32.69%, and its profit after tax (PAT) fell by 45.21% from FY 2023 to FY 2024.
Mangal Compusolution Services IPO Company Financial Report
The company reported revenue of ₹23.44 crores in 2024 against ₹34.83 crore in 2023. The company reported Profit of ₹3.86 crores in 2024 against Profit of ₹7.04 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹18.49 | ₹17.28 | ₹0.87 | ₹52.67 |
| 2023 | ₹34.83 | ₹27.05 | ₹7.04 | ₹47.16 |
| 2024 | ₹23.44 | ₹18.24 | ₹3.86 | ₹45.52 |
| June 2024 | ₹4.53 | ₹3.45 | ₹0.81 | ₹44.92 |
Mangal Compusolution Services IPO Valuation – FY2024
Check Mangal Compusolution Services IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 21.35% |
| ROCE: | 9.55% |
| EBITDA Margin: | 56.57% |
| PAT Margin: | 18.47% |
| Debt to equity ratio: | 1.02 |
| Earning Per Share (EPS): | ₹3.86 (Basic) |
| Price/Earning P/E Ratio: | 11.66 |
| Return on Net Worth (RoNW): | 19.29% |
| Net Asset Value (NAV): | ₹19.99 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Silicon Rental Solution Limited | 12.56 | 20.22 | 20.54 | 61.14 | 62.80 Cr. |
Mangal Compusolution Services IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mangalcomp.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Jawa Capital Services Private Limited
Company Address
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 Services IPO FAQs
What is the Mangal Compusolution Services IPO?
The Mangal Compusolution Services IPO is an SME IPO through which the company aims to raise ₹16.23 crores. The issue is priced at ₹45 per equity share, and the shares will be listed on the BSE.
When will the Mangal Compusolution Services IPO open for subscription?
The IPO will open for subscription on November 12, 2024, for QIBs, NIIs, and retail investors. It will close on November 14, 2024.
What is the investor portion for the Mangal Compusolution Services IPO?
The investor portion for the Mangal Compusolution Services IPO is as follows:
- QIB: 0%
- NII: 50%
- Retail: 50%
How can I apply for the Mangal Compusolution Services IPO?
You can apply for the Mangal Compusolution Services IPO online via ASBA through your bank account. Alternatively, you can use UPI to apply via your stockbroker or submit an offline application form through your broker.
What is the issue size of the Mangal Compusolution Services IPO?
The issue size of the Mangal Compusolution Services IPO is ₹16.23 crores.
What is the price band for the Mangal Compusolution Services IPO?
The price band for the Mangal Compusolution Services IPO is ₹45 per share.
What is the lot size for the Mangal Compusolution Services IPO?
The minimum bid size for the Mangal Compusolution Services IPO is 3,000 shares, with an application amount of ₹135,000.
When is the allotment date for the Mangal Compusolution Services IPO?
The IPO allotment date is November 18, 2024.
When is the listing date for the Mangal Compusolution Services IPO?
The Mangal Compusolution Services IPO is expected to list on the BSE on November 20, 2024.
