Mangal Compusolution IPO

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

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.

Mangal Compusolution IPO Objectives

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

1. Capital Expenditure
2. 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

Mangal Compusolution IPO Reservation

Mangal Compusolution IPO Timeline

Mangal Compusolution IPO opens on November 12, 2024, and closes on November 14, 2024.