Manglam Infra & Engineering Ltd IPO

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.

Open Demat Account

50years

Manglam Infra & Engineering Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 49.32 LTBA₹ 15.43 L₹ 126.64 LNSE₹ 27.62 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
24 Jul, 2426 Jul, 242000 ₹ 1,06,000 Book Building - SME31 Jul, 24

Manglam Infra & Engineering Ltd IPO Dates

  • 24 Jul 2024

    Opening date

  • 26 Jul 2024

    Closing date

  • 29 Jul 2024

    Basis of
    Allotment

  • 30 Jul 2024

    Initiation of
    Refunds

  • 30 Jul 2024

    Credit of
    Shares

  • 31 Jul 2024

    Listing date

Details

SectorType
SectorMiscellaneous
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB65.25x2204000143800000
NII756.23x661200500018000
Retail372.21x1542800574246000
Employee0x00
Total246.97x49320001218064000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Manglam Infra & Engineering Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations10.283.88TBA
EBITDA11.274.08TBA
PAT6.762.65TBA
Total Assets22.9817.76TBA
Share Capital12.6612.66TBA
Total Borrowings8.496.67TBA
Operating Activities (Net Cash)7.752.85TBA
Investing Activities (Net Cash)-0.78-0.60TBA
Financing Activities (Net Cash)8.496.67TBA
Net Cashflow0.490.06TBA

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 Manglam Infra & Engineering Ltd

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.

Peer Comparison:

  • Rudrabhishek Enterprises Ltd

Manglam Infra & Engineering Ltd IPO Key Points

Strengths

  • Presence in diversified projects.
  • Wide range of services and proven track record of services.
  • Qualified employee base and proven management team.
  • Consistent financial performance.

Risk

  • The company is highly dependent on Government Bodies for its Infrastructure Consultation Projects. Any failure to secure new tenders from this government bodies could adversely affect its business and revenue from operations.
  • Its revenue and earnings are dependent on the award of new contracts which the company does not directly control.
  • The company may not be able to realize the amounts reflected in its order book, timely completion and performance standards of a project which may materially and adversely affect its financial condition and results of operation.

Strategy

  • Transition from a consultancy-focused business model to an integrated service provider.
  • Attract and retain talented employees.
  • Continue to develop and maintain relationships.
  • Further enhance its project execution capabilities.
  • Presence in diversified projects.
  • Wide range of services and proven track record of services.
  • Qualified employee base and proven management team.
  • Consistent financial performance.

How To Apply for Manglam Infra & Engineering 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.

Get your FAQs right

Manglam Infra & Engineering Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 24, 2024 and ends on Jul 26, 2024.

The price of Manglam Infra & Engineering Ltd IPO ranges between ₹53 to ₹56 per share.

The Manglam Infra & Engineering Ltd IPO opens on Jul 24, 2024 and closes on Jul 26, 2024.

The allotment for the Manglam Infra & Engineering Ltd IPO will be finalised on Jul 29, 2024. The shares will be listed on BSE and NSE on Jul 31, 2024.

The minimum lot size for Manglam Infra & Engineering Ltd IPO is 2000 shares, priced between ₹53 to ₹56 per share.

The GMP (Grey Market Premium) of Manglam Infra & Engineering Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Manglam Infra & Engineering Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Manglam Infra & Engineering Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 24, 2024, and closes on Jul 26, 2024. The allotment is finalised on Jul 29, 2024.

To apply for the Manglam Infra & Engineering Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.