Mangal Compusolution IPO

NiftyTrader • November 7, 2024

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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.

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 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
Shareholding pre-issue	10,000,000
Shareholding post-issue	13,606,000

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
S-HNI (Min)	2	6000	₹270,000

Mangal Compusolution IPO Objectives

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects

Capital Expenditure
General corporate purposes;

About Mangal Compusolution Limited

Mangal Compusolution Limited, established in April 2011, specializes in providing IT hardware rental solutions to businesses across India, with a focus on Maharashtra. The company offers a diverse range of IT equipment for rent, including laptops, desktops, servers, projectors, routers, workstations, Plasma/LCD TVs, PA systems, and various accessories. In addition to its rental services, Mangal Compusolution also engages in the sale of IT equipment and offers maintenance services. Its business is categorized into three primary streams: rental income from leasing IT equipment, the sale of IT products, and maintenance service fees. As of September 30, 2024, the company employs 24 full-time staff and is overseen by a board of five directors, which includes a Managing Director, an Executive Director, a Non-Executive Director, and three Independent Directors.

Mangal Compusolution Limited Financial Information

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	180.97	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
				Amount in ₹ Lakhs

Mangal Compusolution IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Mangal Compusolution IPO Timeline

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
A 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