IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Upto 36,06,000 Equity Shares aggregating upto ₹ [●] lakh

Investor category and sub category

RIIs  |   NIIs  |   QIBs  |   Eligible employees  |  

About Mangal Compusolution Limited

Mangal Compusolution Limited, formerly known as Pathik Computer Systems Private Limited, was initially incorporated as a private limited company on April 11, 2011.

Mangal Compusolution Limited is a prominent provider of comprehensive IT hardware solutions catering to the dynamic technological requirements of various industries.

The company’s primary services include the rental and sale of a wide range of IT equipment such as servers, laptops, desktops, projectors, router-switches, workstations, Plasma/LCD TVs, PA systems, and various accessories. They specialise in creating customised IT configurations tailored to the specific needs of their clients, available for both rental and purchase.

The company's rental services offer scalable IT infrastructure solutions that are ideal for businesses of all sizes. These services help clients adapt to changing workloads and seasonal demands without the long-term financial burden of hardware ownership. The flexibility provided by Mangal Compusolution Limited allows clients to conserve capital expenditure, benefit from tax deductions, and avoid the pitfalls of technological obsolescence.

Additionally, Mangal Compusolution Limited offers both new and pre-owned IT equipment, ensuring high standards of quality and reliability. The company also provides essential on-site setup, deployment services, and comprehensive support and maintenance, including a 24-hour technical support line.

Industry Outlook:

  1. The Indian IT industry demonstrated significant growth, with revenue reaching US$ 227 billion in FY22 and an expected increase to US$ 245 billion in FY23, showing robust year-over-year gains.
  2. The data annotation market in India, critical for AI applications, was valued at US$ 250 million in FY20 and is projected to skyrocket to US$ 7 billion by 2030, fueled by rising domestic AI demand.

Mangal Compusolution Limited IPO Details

Mangal Compusolution Limited IPO Dates

The exact dates are yet to be announced.

Mangal Compusolution Limited IPO Price Band

The exact price range is yet to be announced.

Mangal Compusolution Limited IPO Lot Size

The exact lot size is not announced yet.

Mangal Compusolution Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Capital Requirements
  2. General corporate purposes; and
  3. To meet the Issue expenses

Peer Details

Mangal Compusolution considers only Silicon Rental Solution Limited among its industry-listed peers.

How to Check the Allotment Status of the Mangal Compusolution Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the Individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Mangal Compusolution Limited IPO

  • Registered office: Unit No. 03, Satguru Nanak Industrial Estate, Off Western Express Highway, Goregaon (East), Mumbai, Maharashtra, India-400063.
  • Phone: +91-22-40360500
  • E-mail:compliance@mangalcompusolution.com

IPO Financials

Particulars For the period Ended on September 30, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue (in ₹ lakh) 1,180.45 3,483.18 1,848.78 1,319.75
Profit After Tax (PAT) (in ₹ lakh) 252.90 704.09 86.62 34.29
Cash & Cash Equivalents (in ₹ lakh) 18.64 14.63 30.92 22.38
Net Worth (in ₹ lakh) 1,867.00 1,614.10 910.00 823.38
Debt to Equity Ratio(x) 1.30 1.64 3.77 4.58
Return on Equity (%) 0.15% 0.56% 0.10% 0.04%
Return on Capital Employed (RoCE) (%) 0.12% 0.29% 0.14% 0.11%
Earning Per Share (EPS)-in absolute ₹ 2.53 7.04 0.87 0.34

Know before investing

Strengths

4

  1. Mangal Compusolution Limited offers a vast array of products from top brands like HP, Dell, and Lenovo, ensuring clients access to premium IT hardware tailored to their needs.

  2. The company excels in providing rapid response times, enhancing client operations by fulfilling urgent IT hardware needs efficiently and effectively.

  3. With a customer-centric approach, Mangal Compusolution tailors solutions to align perfectly with each client's business objectives, offering personalized service and support.

  4. Mangal Compusolution ensures operational continuity by offering 24/7 service availability and standby equipment, minimizing downtime and boosting client productivity.

Risks

4

  1. Mangal Compusolution Limited faces potential liabilities and reputational damage from pending legal proceedings involving the company and its directors, with 29 criminal cases currently open.

  2. Regulatory deficiencies, including inaccurate filings and missing documentation for past financial years, could result in fines and impact Mangal Compusolution's operations and credibility.

  3. The company's dependency on leased premises for its registered office, with no assurance of lease renewal after 60 months, could disrupt operations and affect profitability.

  4. Mangal Compusolution operates in a highly competitive IT sector with low entry barriers, risking market share loss and pricing pressures due to emerging competitors and established firms.

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Mangal Compusolution Limited IPO FAQs

What is Mangal Compusolution Limited's IPO?

Mangal Compusolution IPO is a fixed price IPO. The exact dates and price range are yet to be announced. 

When will Mangal Compusolution Limited's IPO be allotted?

The exact dates and price range are yet to be announced. 

When will Mangal Compusolution Limited's IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.

When will Mangal Compusolution Limited list on exchanges?

The exact date is not announced yet.

How do I check the allotment status of the Mangal Compusolution Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Mangal Compusolution Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.

I have finished the application process for the Mangal Compusolution Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Mangal Compusolution Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Mangal Compusolution Limited using one PAN?

You can submit only one application using your PAN card.