Mangal Compusolution Ltd IPO
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Mangal Compusolution Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 36.06 L | TBA | ₹ 17.1 L | ₹ 100 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Nov, 24 | 14 Nov, 24 | 3000 | TBA | Fixed Price - SME | 21 Nov, 24 |
Mangal Compusolution Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 22.39x | 1710000 | 38289000 |
| Retail | 46.91x | 1710000 | 80211000 |
| Employee | 0x | 0 | 0 |
| Total | 32.86x | 3606000 | 118500000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Mangal Compusolution Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9.06 | 12.03 | 6.55 |
| EBITDA | 12.91 | 16.28 | 11.89 |
| PAT | 3.86 | 7.04 | 0.87 |
| Total Assets | 26.05 | 20.57 | 15.21 |
| Share Capital | 10.00 | 2.00 | 2.00 |
| Total Borrowings | 36.06 | 36.28 | 40.97 |
| Operating Activities (Net Cash) | 7.71 | 11.29 | 6.21 |
| Investing Activities (Net Cash) | 0.05 | 0.01 | 1.48 |
| Financing Activities (Net Cash) | 36.06 | 36.28 | 40.97 |
| Net Cashflow | 0.60 | 0.15 | 0.31 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Mangal Compusolution Ltd
Mangal Compusolution Limited was originally incorporated as Pathik Computer Systems Private Limited, a private limited company under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Maharashtra, Mumbai, on April 11, 2011. Further, the name of the Company was changed to Mangal Compusolution Private Limited pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on June 02, 2012 and a fresh certificate of incorporation dated June 07, 2012 was issued by the Registrar of Companies, Maharashtra, Mumbai. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on September 26, 2023, and consequently, the name of the Company was changed to Mangal Compusolution Limited, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated October 26, 2023, was issued by the Registrar of Companies, Mumbai to the Company.
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. As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the internet. India is one of the countries with the quickest pace of digital adoption.
Mangal Compusolution Limited 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. Additionally, the company specializes in creating customized IT configurations tailored to its clients' specific specifications and needs, available for both rental and purchase.
Peer Comparison:
- Silicon Rental Solutions Ltd
Mangal Compusolution Ltd IPO Key Points
Strengths
- Innovation focused business model.
- Consistent track record of profitable growth due to a scalable business model.
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and motivated employees.
Risk
- The Company and some of its group companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities or may adversely affect its reputation/ business/financial status.
- There have been instance of deficiency and/or inaccuracies in the regulatory filings by the Company. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
- The company does not own registered office which is used by it currently.
Strategy
- Improve and increase operational efficiencies.
- Optimal Utilization of Resources.
- Enhance customer base by entering new geographies.
- Leveraging its market skills and relationship.
- Innovation focused business model.
- Consistent track record of profitable growth due to a scalable business model.
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and motivated employees.
How To Apply for Mangal Compusolution Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
