Mangal Compusolution IPO Detail: Open Date, Close Date, GMP, Price Band

Mangal Compusolution IPO subscription opens on Tuesday, November 12, 2024, and closes on Thursday, November 14, 2024. It is a fixed-price issue worth up to Rs 16.23 crores of equity shares. This upcoming IPO is an entirely fresh issue of 36.06 lakh equity shares.

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Mangal Compusolution IPO Price Band

Mangal Compusolution’s IPO price is set at Rs 45 per share. The minimum investment required for retail investors is Rs 1,35,000 (45 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,70,000 (45 x 6,000 shares).

Mangal Compusolution IPO GMP

Currently, Mangal Compusolution IPO GMP (Grey Market Premium) is at Rs 2. It is expected that the listing price can be near Rs 47. However, if the subscription is oversubscribed, then Mangal Compusolution IPO GMP may go up.

Mangal Compusolution Allotment Status

Mangal Compusolution IPO Allotment status will be available on its registrar Kfin Technologies Limited website on Monday, November 18, 2024. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar’s website.

Mangal Compusolution Listing Date

Mangal Compusolution’s IPO listing date is decided on November 20, 2024. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Mangal Compusolution IPO: Listing Date, Lot Size, Issue Size, Price Band

Mangal Compusolution IPO: About the Company

Mangal Compusolution Ltd, incorporated on April 11, 2011, is a Mumbai-based company that is offering IT services and hardware products. With an authorized capital of INR 15 crore, this company is offering various products such as servers, workstations, laptops, and projectors. It is famous for designing customized IT solutions for varied sectors spread across India and catering to both short-term and long-term rental needs. Mangal Compusolution is also a Microsoft SPLA partner that provides software rentals and hardware. Keeping in view quality and customer satisfaction, the company is looking forward to doubling the size of its IT assets by 2028 and is indeed confirming its position as the leading service provider in the competitive IT landscape.

Mangal Compusolution IPO Objectives

The company intends to utilize the net proceeds of the fresh issue into capital expenditure, and for general corporate purposes.

Mangal Compusolution IPO: Key Dates, Allotment, Listing Date

Mangal Compusolution IPO Subscription Details, IPO Reservation

Mangal Compusolution IPO subscription details will be available after the IPO opens on November 12, 2024. 50% of the net offer is reserved for the retail category, and the remaining 50% of the net offer is reserved for another category.

Mangal Compusolution IPO Lot Size Details

Mangal Compusolution's IPO lot size is set at 3000 shares per lot. The minimum investment required for retail investors is Rs 1,35,000 (45 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,70,000 (45 x 6000 shares).

Mangal Compusolution IPO Promoter Holdings

Mangal Compusolution IPO promoters are Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mr Mukesh Khandubhai Desai and Mrs Binny Pathik. The promoter’s combined shareholdings before the IPO was 100%; however, post-IPO, their shareholdings will decline to 73.50%.

Mangal Compusolution Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of Mangal Compusolution IPO

The IPO is managed by Jawa Capital Services Private Limited, which is the book-running lead manager for this public issue. The company has appointed Kfin Technologies Limited as the registrar for this public issue. 

How to apply to Mangal Compusolution IPO

Interested investors who wants to apply to the Mangal Compusolution IPO can directly apply from Bigul trading app or you can apply by visiting here. You can also check the details of other upcoming IPO on Bigul platform.

Mangal Compusolution IPO Review

Mangal Compusolution IPO presents an opportunity for investors looking into the IT rental sector; however, the recent financial results may lead to mixed reviews from the public. Investors should conduct thorough research and consider both the company's strengths and its recent challenges before participating in this IPO.

Mangal Compusolution IPO FAQs

1. What are the core details available of the Mangal Compusolution IPO?

Mangal Compusolution IPO is a fixed price issue worth up to Rs 16.23 crores. This upcoming IPO is entirely fresh issue of 36.06 lakh equity shares.

2. What is the Mangal Compusolution IPO open date and close date?

Mangal Compusolution IPO subscription opens on Tuesday, November 12, 2024, and closes on Thursday, November 14 2024.

3. What is Mangal Compusolution IPO GMP?

Currently, Mangal Compusolution IPO GMP (Grey Market Premium) is at Rs 2. It is expected that the listing price can be near Rs 47. However, if the subscription is oversubscribed, then Mangal Compusolution IPO GMP may go up.

4. How do you check the IPO Allotment status?

Mangal Compusolution IPO Allotment details are available on its registrar Kfin Technologies Limited website. Once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar’s website.

5. Who are the registrar and lead managers for Mangal Compusolution IPO?

The IPO is managed by Jawa Capital Services Private Limited, which is the book-running lead manager for this public issue. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?