Manglam Infra And Engineering IPO is a book built issue of Rs 27.62 crores. The issue is entirely a fresh issue of 49.32 lakh shares.
Manglam Infra And Engineering IPO opens for subscription on July 24, 2024 and closes on July 26, 2024. The allotment for the Manglam Infra And Engineering IPO is expected to be finalized on Monday, July 29, 2024. Manglam Infra And Engineering IPO will list on NSE SME with tentative listing date fixed as Wednesday, July 31, 2024.
Manglam Infra And Engineering IPO price band is set at ₹53 to ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹224,000.
Unistone Capital Pvt Ltd is the book running lead manager of the Manglam Infra And Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Manglam Infra And Engineering IPO is Giriraj Stock Broking.
Refer to Manglam Infra And Engineering IPO RHP for detailed information.
Manglam Infra And Engineering IPO Details
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Fresh Issue | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,664,700 |
| Share holding post issue | 17,596,700 |
| Market Maker portion | 524,000 shares Giriraj Stock Broking |
Manglam Infra And Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Manglam Infra And Engineering IPO Timeline (Tentative Schedule)
Manglam Infra And Engineering IPO opens on July 24, 2024, and closes on July 26, 2024.
| IPO Open Date | Wednesday, July 24, 2024 |
| IPO Close Date | Friday, July 26, 2024 |
| Basis of Allotment | Monday, July 29, 2024 |
| Initiation of Refunds | Tuesday, July 30, 2024 |
| Credit of Shares to Demat | Tuesday, July 30, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Manglam Infra And Engineering IPO Lot Size
Investors can bid for a minimum of 2000 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 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |
| Lot Size Calculator | |||
Manglam Infra And Engineering IPO Promoter Holding
The Promoters of the Company, are Yogendra Kumar Singh, Ajay Verma, Nisha Singh and Seema Verma.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
About Manglam Infra and Engineering Limited
Incorporated in 2010, Manglam Infra and Engineering Limited is a company that helps manage infrastructure projects. They provide detailed project reports, supervise and control quality, and handle the operation and maintenance of things like highways, bridges, tunnels, and urban buildings.
The company offers design, engineering, procurement, construction, and integrated project management services.
The company’s services include DPR and feasibility studies, Operations & Maintenance Works, Project Management Consultancy, Independent Consultancy, Project Planning, Designing, Estimation, Supervision and Quality Control, Authority Engineer Supervision, Independent Engineer Services, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges & Roads.
The company has provided services in states like Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana. In total, they have completed 127 projects. Out of these, 116 projects were done independently, and 11 projects were completed through joint ventures and MoUs with the central government.
As of May 31, 2024, the company has 272 employees out of which 159 are qualified engineers.
Manglam Infra and Engineering Limited Financial Information (Restated)
Manglam Infra and Engineering Limited’s revenue increased by 16.46% and profit after tax (PAT) rose by 22.06% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,318.23 | 2,104.13 | 1,673.32 |
| Revenue | 4,050.79 | 3,478.14 | 2,678.36 |
| Profit After Tax | 676.41 | 554.16 | 332.96 |
| Net Worth | 1,710.20 | 1,025.95 | 778.69 |
| Reserves and Surplus | 443.73 | ||
| Total Borrowing | 447.31 | 225.91 | 186.91 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
The market capitalization of Manglam Infra And Engineering IPO is Rs 98.54 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.44% |
| ROCE | 44.95% |
| Debt/Equity | 0.26 |
| RoNW | 49.44% |
| P/BV | 4.15 |
| PAT Margin (%) | 16.81 |
Check Manglam Infra And Engineering IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.34 | 3.84 |
| P/E (x) | 10.49 | 14.57 |
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 March 31, 2024 that is available in RHP.
Objects of the Issue (Manglam Infra And Engineering IPO Objectives)
The company intend to utilize the proceeds of the issue to meet the following objectives:
- To meet the working capital requirements, and
- General corporate purposes;
Manglam Infra And Engineering IPO Prospectus
Manglam Infra and Engineering Limited Contact Details
Manglam Infra and Engineering Limited
H.NO.46, Nikhil Nestles Jatkhedi
Hoshangabad Road, University
(Bhopal) Huzur, Bhopal – 462026,
Phone: +0755 4289475
Email: cs@manglaminfra.com
Website: https://www.manglaminfra.com/
Manglam Infra And Engineering IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html