IPO Details
Bidding Dates
12 Nov '24 - 14 Nov '24
Minimum Investment
₹ 1,35,000 / 1 Lot (3,000 Shares)
Price Range
₹ 45
Maximum Investment
₹ 1,35,000 / 1 Lot (3,000 Shares)
Retail Discount
Not Applicable
Issue Size
₹16.23 crore
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) | Eligible Employees |Mangal Compusolution IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Nov 12, 2024
IPO Closing Date
Nov 14, 2024
Basis of Allotment
Nov 18, 2024
Initiation of Refunds
Nov 19, 2024
Listing Date
Nov 20, 2024
About Mangal Compusolution IPO
Mangal Compusolution Limited's IPO is set to open for subscription from November 12, 2024, to November 14, 2024. Priced at ₹45 per share, the IPO is expected to list on the BSE SME platform with a tentative listing date of November 20, 2024. The minimum investment lot for retail investors is 3,000 shares, requiring a minimum capital outlay of ₹1,35,000. For HNIs, the minimum application is set at 2 lots (6,000 shares), amounting to ₹2,70,000.
Jawa Capital Services Private Limited serves as the book-running lead manager, while Kfin Technologies Limited is the appointed registrar for the issue. Rikhav Sencurities will act as the market maker. The allotment is anticipated to be finalised by November 18, 2024, providing investors with clarity on their allocations. This SME IPO offers a potential investment opportunity for those looking to tap into Mangal Compusolution’s growth in the tech solutions sector.
Industry Outlook
- The Indian IT sector contributed 7.5% to GDP in FY23, and is projected to reach 10% by 2025, showcasing strong economic impact and digital growth.
- India’s public cloud market surged to $3.8 billion in H1 2023, with expectations to hit $17.8 billion by 2027, driving tech investments and job growth.
Mangal Compusolution IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Capital expenditure
- General corporate purposes
About Mangal Compusolution Limited
Incorporated in April 2011, Mangal Compusolution Limited is a prominent provider of hardware rental solutions catering to businesses across various industries in India. The company offers end-to-end IT hardware rental services, including various equipment such as servers, laptops, desktops, projectors, router switches, Plasma/LCD TVs, PA Systems, and other accessories. Mangal Compusolution delivers tailored solutions to meet the diverse needs of small and large enterprises, ensuring customisable IT hardware products that align with client requirements.
The company’s business model is primarily segmented into three key categories: rental income from leasing IT equipment, IT hardware sales, and IT equipment maintenance services. While its major client base is in Maharashtra, the company serves businesses nationwide. As of September 30, 2024, Mangal Compusolution employs 24 full-time staff and is managed by a board of five directors, including one Managing Director, one Executive Director, one Non-Executive Director, and three Independent Directors.
Peer Details
The only listed company considered by Mangal Compusolution as its peers is Silicon Rental Solutions Ltd.
How To Check the Allotment Status of the Mangal Compusolution IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Mangal Compusolution IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Mangal Compusolution IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Mangal Compusolution IPO
Registered office: Unit No. 03, Satguru Nanak Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra, India-400063
Phone: +91-22-40360500
Financial Performance of Mangal Compusolution
| Particulars | For the period ended June 30, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|---|
| Revenue from operation (in ₹ lakh ) | 408.47 | 2,088.58 | 1,748.17 | 1,721.10 |
| Profit After Tax (PAT) (in ₹ lakh) | 80.97 | 385.8 | 704.89 | 86.62 |
| Total Borrowings (in ₹ lakh) | 1,862.75 | 2,041.21 | 2,652.30 | 3,434.12 |
| Net Worth (in ₹ lakh) | 2,080.88 | 1,999.90 | 1,614.10 | 910 |
| Capital Employed (in ₹ lakh) | 3,943.63 | 4,041.11 | 4,266.41 | 4,344.13 |
| Return on Equity (%) | 3.97% | 21.35% | 55.79% | 9.99% |
| Return on Capital Employed (RoCE) (%) | 2.05% | 9.55% | 16.50% | 1.99% |
| Earning Per Share (EPS)-in absolute ₹ | 0.81 | 5.67 | 7.04 | 0.87 |
Know before investing
Strengths
6-
Offers diverse IT products from top brands like HP, Dell, and Lenovo.
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Provides flexible rental durations from 1 day to 365 days.
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Ensures 24/7 service availability for uninterrupted client operations.
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Maintains standby equipment for zero downtime and swift replacements.
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Tailors IT hardware solutions to meet specific client needs.
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Provides add-on services like technical support and hardware installations.
Risks
6-
High dependency on Maharashtra region with 95.26% revenue concentration.
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No long-term contracts with key customers or suppliers have been established.
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Negative cash flows were reported from investing and financing activities.
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Rapid technology changes require continuous capital investments for upgrades.
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Ongoing legal proceedings may affect reputation and financial standing.
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Heavy reliance on top 10 suppliers for 99.71% of purchases.
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Mangal Compusolution IPO FAQs
Mangal Compusolution’s IPO is a fixed-price IPO. It will be open from November 12, 2024, to November 14, 2024.
The Basis of Allotment will happen on Monday, November 18, 2024.
The IPO subscription window will open on November 12, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 3,000 shares.
The listing date for Mangal Compusolution is Wednesday, November 20, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Mangal Compusolution’s financial statements, download the IPO’s RHP document.
