Manglam Infra and Engineering IPO: Diving into the Details

• Manglam Infra and Engineering IPO is a book-built issue of Rs 27.62 crores.
• This upcoming IPO bidding opens on July 24 and closes on July 26, 2024.
• Manglam Infra and Engineering SME IPO price band is set at Rs 53 - Rs 56 per share.
• The minimum investment required Rs 1,12,000.

Manglam Infra and Engineering IPO: Synopsis

Manglam Infra and Engineering IPO is open for subscription starting Wednesday, July 24, 2024, and closing on Friday, July 26, 2024. The price of this upcoming IPO is set at Rs 53 to Rs 56 per share. 

The minimum lot size set for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum investment required for retail category investors is Rs 1,12,000 ( 56 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,24,000 (56 x 4000 shares). 

Manglam Infra and Engineering IPO is a book-built issue of Rs 27.62 crores. This upcoming IPO is an entirely fresh issue of 49.32 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 29, 2024. 

Manglam Infra and Engineering IPO will be listed on NSE SME on Wednesday, July 31, 2024. Unistone Capital Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Giriraj Stock Broking is the market maker for this IPO. 

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Manglam Infra and Engineering IPO: About the Company

Manglam Infra and Engineering Limited, incorporated in 2010, helps manage infrastructure projects. The company provides detailed project reports, supervises and controls quality, and handles the operation and maintenance of things like highways, bridges, tunnels, and urban buildings.

Manglam’s services include DPR and feasibility studies, Operations and 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 Audits, and Inspection of bridges and roads.

They have 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, Manglam’s team has completed 127 projects. Of these, 116 were completed independently, and 11 were completed through joint ventures and MoUs with the central government.

Manglam Infra and Engineering IPO: Objectives

The funds received from this public offer will be allocated to meet the day-to-day money needs for running the business. The remaining will be used for fulfilling the general corporate purposes. 

Manglam Infra and Engineering IPO: Other Important Details

Time-Table of Manglam Infra and Engineering IPO

Manglam Infra and Engineering IPO: Financial Metrics (Amt in Rs Lakhs)

Manglam Infra and Engineering posted revenue of Rs 4,050.79 lakhs and net profit of Rs 676.41 lakhs for the period ending on 31 Mar 2024. The company revenue increased by 16.46% and net profit increased by 22.06% between the FY ending on 31 Mar 2024 and 31 Mar 2023. 

Minimum Investment: Lot Size Details

Promoters of Manglam Infra and Engineering Limited and Their Holdings

The promoters of Manglam Infra and Engineering company are Yogendra Kumar Singh, Ajay Verma, Nisha Singh and Seema Verma. The promoters shareholdings before IPO is 100% but after the IPO the shareholdings details are not available.

Manglam Infra and Engineering: Strength of Company

1. Manglam Infra and Engineering Limited helps to manage infrastructure projects.

2. The company provides detailed project reports, supervises and controls quality, and handles the operation and maintenance of infrastructure projects. 

3. Manglam Infra and Engineering debt to equity ratio is 0.26, ROE is 49.44%, ROCE is 44.95%.

FAQs

1. What are the details of the Manglam Infra and Engineering IPO?

Manglam Infra and Engineering IPO is a book-built issue of Rs 27.62 crores. This upcoming IPO is an entirely fresh issue of Rs 49.32 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 29, 2024. 

2. Who are the lead managers for the Manglam Infra and Engineering IPO?

Unistone Capital Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Manglam Infra and Engineering Limited, handling the IPO's administrative aspects.

4. How can I apply for the Manglam Infra and Engineering IPO?

The public subscription of this new IPO will open on July 24, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds received from this public offer will be allocated to meet the day-to-day financial needs of the business. The remaining will be used for general corporate purposes. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Manglam Infra and Engineering Limited IPO by visiting here. For further updates follow Bigul. 

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