1) Mangal Compusolution IPO size
The IPO is entirely a fresh equity sale of 36.06 lakh shares and through the issue, the company plans to raise about Rs 16 crore.
2) Mangal Compusolution IPO price band
The company is offering its shares at Rs 45 apiece, and investors can bid for 3000 shares in 1 lot.
3) Mangal Compusolution GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 5, indicating a premium of 11% over the issue price.
4) About Mangal Compusolution
The company is actively involved in the business of renting and selling IT hardware equipment, offering comprehensive end-to-end IT equipment services across India. Its services encompass the rental of a diverse range of IT equipment, including servers, laptops, desktops, printers, projectors, router-switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories.
5) Industry Overview
The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.
6) Mangal Compusolution financial performance
For the period ended June 2024, the company clocked total revenues of Rs 4.08 crore and net profit of Rs 80 lakh.
7) Objects of the offer
The net proceeds from the public offer will be used for capital expenditure and general corporate purposes.
8) Lead managers and Registrar
Jawa Capital Services is acting as the lead manager to the issue and Kfin Technologies is the registrar.
9) Issue structure
About 50% of the offer is reserved for retail investors and the other 50% for non-institutional investors.
10) Important dates
The IPO opened on November 12 and will close on November 14. The final allotment will likely be made on November 18. The company’s shares will likely get listed on November 20.
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