Manglam Infra & Engineering Ltd IPO

Manglam Infra & Engineering Limited was originally formed as partnership firm under the Indian Partnership Act, 1932 in the name and style of Manglam Associates pursuant to partnership deed dated February 17, 2010, between Yogendra Kumar Singh, Ajay Verma, Nisha Singh and Seema Verma having its principal place of business at H.NO.46, Nikhil Nestles Jatkhedi, Hoshangabad road, University (Bhopal), Bhopal, Huzur, Madhya Pradesh-462026, India on the terms and conditions contained in the said partnership deed (as amended). Further, the partnership firm was converted into Public Limited Company Manglam Infra & Engineering Limited on July 20, 2023, pursuant to Part I of Chapter XXI of the Companies Act, 2013 vide certificate of incorporation issued by Registrar of Companies, Central Registration Centre. The CIN of the Company is U43900MP2023PLC066771.

India's high growth imperative in 2023 and beyond will significantly be driven by major strides in key sectors with infrastructure development being a critical force aiding the progress. Infrastructure is a key enabler in helping India become a US $26 trillion economy. Investments in building and upgrading physical infrastructure, especially in synergy with the ease of doing business initiatives, remain pivotal to increase efficiency and costs. The government's focus on building infrastructure of the future has been evident given the slew of initiatives launched recently. The US$ 1.3 trillion national master plan for infrastructure, Gati Shakti, has been a forerunner to bring about systemic and effective reforms in the sector, and has already shown a significant headway. Infrastructure support to nation's manufacturers also remains one of the top agendas as it will significantly transform goods and exports movement making freight delivery effective and economical.

Manglam Infra & Engineering Limited is an infrastructure consultancy company, and its core business is providing project management consultancy services which includes detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. The Company undertakes various project independently as well as through Joint ventures and MoUs with other players in this industry. As on date of the Draft Red Herring Prospectus, the company caters to various state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana and central government and has completed total 127 projects out of which 115 projects are undertaken on an independent basis and 12 projects are undertaken through Joint ventures and MoUs. Currently, the company has 46 on-going projects out of which 25 projects are being undertaken on an independent basis and 21 projects are being undertaken through Joint ventures and MoUs. The Company is a team of more than 300 qualified professionals, with experience ranging between 7 to 15+ years. In alignment with its business requirements, The company also occasionally engages third-party service providers for specific contracts on need basis.