Mangal Compusolution Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Mangal Compusolution Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹45
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,35,000
Issue Size
₹16.23 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Mangal Compusolution Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.5%
Issue Type
Fixed Price - SME
ISIN
INE0RU901015
About the Company
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.
Industry Overview
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.
Company History
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.
Growth Strategy
- Improve and increase operational efficiencies.
- Optimal Utilization of Resources.
- Enhance customer base by entering new geographies.
- Leveraging its market skills and relationship.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 36,06,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Mangal Compusolution Limited (the "Company") for cash at a price of Rs. 45 per equity share (including a share premium of Rs. 35 per equity share) (the "Issue Price"), aggregating upto Rs. 16.23 crores ("The Issue"), of which 1,86,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 45 per equity share, aggregating to Rs. 0.84 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 34,20,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 45 per equity share, aggregating to Rs. 15.39 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.50% and 25.14% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 45 is 4.5 times of the face value of the equity shares.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.
- The company operates in highly competitive markets, and fragmented market with low entry barrier.
- The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.