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Manglam Infra & Engineering Limited

SME

Issue Price

₹ 53-₹ 56

per equity share

Issue Size

36.1 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

2000

equity share

Please note

Listing at NSE

Manglam Infra & Engineering Limited

Important Dates

IPO Open Date

24 Jul 2024

IPO Close Date

26 Jul 2024

Allotment Date

29 Jul 2024

Initiation of Refunds

30 Jul 2024

Credit of Shares to Demat Account

30 Jul 2024

IPO Listing Date

31 Jul 2024

UPI Mandate Expiry Date

26 Jul 2024

IPO Details

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 Rs 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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About Manglam Infra & Engineering Limited

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.

Parent Organisation

-

Founded

2010

Managing Director

Yogendra Kumar Singh

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. 

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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