Mangal Compusolution IPO Day 3: Check GMP And Final Subscription Status
Going by the current GMP trend, shares of the company are slated to list at Rs 47 apiece, marking a 4.44% listing gain over the issue price of Rs 45.
Mangal Compusolution Ltd.'s initial public offering opened for subscription on Tuesday and was booked 34.59 times on its final day. The SME issue was subscribed 2.65 times on the first day of bidding. On the second day of bidding on Wednesday, the SME IPO was subscribed 7.87 times.
The fixed-price SME offer consists of an entirely fresh issuance of 36.06 lakh shares aimed at raising Rs 16.23 crore. The three-day subscription window for the Mangal Compusolution IPO will remain open till Thursday evening.
Mangal Compusolution IPO Day 3 Subscription Status
Mangal Compusolution IPO was subscribed 34.59 times on Thursday.
Non-Institutional Buyers: 22.28 times
Retail Investors: 46.91 times
Mangal Compusolution IPO GMP Today
Mangal Compusolution IPO's grey market premium stood at Rs 2 as of 5:30 p.m. on Nov. 14, according to InvestorGain. Going by the current GMP trend, shares of the company are slated to list at Rs 47 apiece, marking a 4.44% listing gain over the issue price of Rs 45.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Mangal Compusolution IPO Details
Mangal Compusolution IPO's issue price band was fixed at Rs 45 per share. Retail investors could apply for a minimum lot size of 3,000 shares, aggregating an investment of Rs 1,35,000. Mangal Compusolution Ltd. has appointed Jawa Capital Services Pvt. as the book-running lead manager for the SME issue. Kfin Technologies Ltd. is the registrar, while Rikhav Securities Ltd. is the market maker for the IPO.
Mangal Compusolution IPO: Allotment and Listing Date
Allotment of shares in the Mangal Compusolution IPO is set to be finalised on Monday, November 18.
Shares of Mangal Compusolution Ltd. are likely to be listed on Wednesday, November 20 on the BSE SME platform.
Mangal Compusolution IPO Business
Mangal Compusolution is engaged in providing IT hardware solutions to businesses across various industries. It rents out as well as sells IT hardware equipment. The company provides rental services for a diverse range of IT equipment such as servers, laptops, desktops, projectors, router switches, workstations, plasma/LCD TVs, PA systems and other accessories.
Use Of Proceeds
The company plans to use the money raised via the public issue for funding its capital expenditure and for other general corporate purposes.
Financials
Mangal Compusolution Ltd.’s revenue from operations for the June quarter of FY25 stood at Rs 4.08 crore, with Rs 80.97 lakh as profit-after-tax.
The company reported revenue from operations of Rs 20.88 crore in FY24, marking a 19.45% year-on-year increase from Rs 17.48 crore in the year-ago period. PAT in FY24 decreased 45.31% to Rs 3.85 crore from Rs 7.04 crore in fiscal 2023.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult financial advisors and read the red herring prospectus thoroughly before placing bids.
