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 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.
Jawa Capital Services Private Limited is the book running lead manager of the Mangal Compusolution IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Mangal Compusolution IPO is Rikhav Securities.
Refer to Mangal Compusolution IPO RHP for detailed information.
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 |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,606,000 |
| Market Maker portion | 186,000 shares Rikhav Securities |
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 (Tentative Schedule)
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 |
| 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 |
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 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
| Lot Size Calculator | |||
Mangal Compusolution IPO Promoter Holding
The Promoters of the Company are Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mr. Mukesh Khandubhai Desai and Mrs. Binny Pathik.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.50% |
About Mangal Compusolution Limited
Incorporated in April 2011, Mangal Compusolution Limited provides hardware rental solutions to fulfill the needs of businesses across various industries. The company rents IT hardware and offers comprehensive end-to-end IT equipment. It rents diverse IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories.
Mangal Compusolution provides small and large enterprises with customizable IT hardware products, including laptops, desktops, servers, and other equipment, to meet clients’ specific requirements.
The company’s major clients are concentrated in Maharastra, though it provides services in all of India.
The company’s business can be divided into the following categories
- Rental Income from lease of IT Equipment i.e., Computers & Peripherals
- Sale of IT Equipment, and
- IT Equipment Maintenance Service Fees
Competitive Strength:
- Huge variety of products to offer, including HP, Dell, Lenovo, and more.
- Customer-Centric Approach
- 24/7 dedicated support team and service availability.
- Zero downtime by keeping stock of extra equipment to replace faulty system.
As of September 30, 2024, the company has 24 full-time employees and five directors, including one Managing Director, one Executive Director, one Non-Executive Director, and three Independent Directors.
Mangal Compusolution Limited Financial Information (Restated)
Mangal Compusolution Limited’s revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | 80.97 | 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 | ||||
Key Performance Indicator
The market capitalization of Mangal Compusolution IPO is Rs 61.23 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 3.97% |
| ROCE | 2.05% |
| Debt/Equity | 0.9 |
| RoNW | 15.56% |
| P/BV | 2.16 |
| PAT Margin (%) | 19.82 |
Check Mangal Compusolution IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.86 | 2.38 |
| P/E (x) | 11.66 | 18.9 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.
Objects of the Issue (Mangal Compusolution IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects
- Capital Expenditure
- General corporate purposes;
Mangal Compusolution IPO Review (Avoid)
[Dilip Davda] The company is engaged in the business of providing IT hardware solutions and related services. It posted inconsistency in its top and bottom lines for the reported periods. The company is operating in a highly competitive and fragmented segment. Based on FY25 annualized earnings, the issue appears fully priced. There is no harm in skipping this “High Risk/Low Return” fully priced bet. Read detail review…
Mangal Compusolution IPO Prospectus
- › Mangal Compusolution IPO DRHP
- › Mangal Compusolution IPO addendum to DRHP
- › Mangal Compusolution IPO RHP
Mangal Compusolution Limited Contact Details
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 IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mangalcomp.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/