Mangal Compusolution Limited is coming up with an IPO with a fresh issue of 36,06,000 shares worth INR 16.23 crores. The company aims to allocate funds for capital expenditure and general corporate purposes to enhance operations.
Mangal Compusolutions IPO – Important Dates
| Mangal Compusolution Limited IPO Date | November 12, 2024 to November 14, 2024 |
| Mangal Compusolution Limited IPO Listing Date | November 20, 2024 |
| Mangal Compusolution Limited IPO Price | INR 45 per share |
| Mangal Compusolution Limited IPO Lot Size | 3000 Shares |
| Mangal Compusolution Limited IPO Total Issue Size | INR 16.23 crores |
| Mangal Compusolution Limited IPO Basis of Allotment | November 18, 2024 |
| Mangal Compusolution Limited IPO Initiation of Refunds | November 19, 2024 |
| Mangal Compusolution Limited IPO Credit of Shares to Demat | November 19, 2024 |
| Mangal Compusolution Limited IPO Issue Type | Fixed Price Issue IPO |
| Mangal Compusolution Limited IPO Listing At | BSE SME |
Mangal Compusolution Limited IPO – Company Profile
Mangal Compusolution Limited provides comprehensive IT hardware solutions, focusing on rental and sales across India, with Maharashtra generating 96.87% of revenue. Services include customized configurations and rentals of servers, laptops, desktops, and more.
Providing scalable IT rental solutions, the company enables businesses to adjust infrastructure needs flexibly, conserving CAPEX, avoiding obsolescence, and offering on-site setup, support, and maintenance through a skilled, experienced team.
Offering top-tier IT equipment rentals, including brands like IBM, Dell, and Apple, the company ensures compatibility, on-site support, 24-hour assistance, and eco-friendly options, providing clients with reliable, scalable, and secure solutions.
Mangal Compusolutions Ltd IPO Fundamental Analysis
Mangal Compusolution Limited’s financial analysis reveals a mixed performance. Revenue has slightly increased, and equity growth continues, but profitability and EPS have declined, with improving RoNW and liquidity. There are challenges in inventory turnover, indicating mixed financial health.
- Revenue Trend: The revenue increased from ₹1,721.10 lakhs in March 2022 to ₹1,748.17 lakhs in March 2023. The revenue for the current year’s 3-month period ending June 2024 is INR 408.47 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹86.62 lakhs in March 2022 to ₹80.97 lakhs by June 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹4.33 in March 2022 to ₹0.81 by June 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 9.52% to 15.56%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- 6Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Mangal Compusolutions IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 June 2024 |
| Revenue (₹ in lakhs) | 1,721.10 | 1,748.17 | 408.47 |
| Equity (₹ in lakhs) | 910.00 | 1,614.10 | 2,080.88 |
| Expenses (₹ in lakhs) | 1,727.50 | 2,704.67 | 345.24 |
| Profit and Loss After Tax (₹ in lakhs) | 86.62 | 704.09 | 80.97 |
| Diluted EPS only (₹) | 4.33 | 35.20 | 0.81 |
| Return on Net Worth (%) | 9.52 | 43.67 | 15.56 |
| NAV per Equity Share (₹) | 9.10 | 16.14 | 20.81 |
| Total Assets (in lakhs) | 5,267.09 | 4,715.71 | 4,492.01 |
| Total Liabilities (in lakhs) | 4,357.09 | 3,101.61 | 2,411.13 |
| Debt Equity Ratio | 3.77 | 1.64 | 0.90 |
| Current Ratio (in times) | 0.91 | 1.97 | 2.35 |
| Inventory Turnover Ratio | 30.30 | 66.85 | 0.09 |
Mangal Compusolution Limited IPO Peer Comparison
Mangal Compusolution Limited and Silicon Rental Solution Limited show contrasting financial metrics, with Silicon Rental having higher revenues, profitability, and earnings per share. Both companies, however, maintain vital return metrics, reflecting steady operational performance in IT rentals.
| Company | Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio [x] | EPS (Basic & Diluted) (₹) | RoNW (%) | Net Asset Value Per Equity Share (₹) |
| Mangal Compusolution Limited | 2,088.58 | 10 | 11.66 | 3.86 | 19.29 | 19.99 |
| Silicon Rental Solution Limited | 6,324.96 | 10 | 20.22 | 12.56 | 20.54 | 61.14 |
Mangal Compusolutions Ltd IPO Objective
The main objective of Mangal Compusolution Limited is to allocate funds for capital expenditure.
- Capital Expenditure: The company intends to utilize INR 12.96 crores of Issue Proceeds to procure various IT equipment, including servers, desktops, laptops, storage devices, and switches, from reputable suppliers for operational expansion and efficiency.
- General corporate purposes: The company will deploy the balance INR 1.94 crores for general corporate purposes, including business development initiatives, salaries, rent, administrative costs, insurance, repairs and maintenance, taxes, and other essential operational expenses.
Mangal Compusolutions IPO Risks And Challenges
Mangal Compusolution Limited’s risk includes ongoing litigation, regulatory filing deficiencies, and intense competition in the fragmented IT sector, which may impact reputation, financial stability, compliance, profitability, and growth potential.
- The company and certain group entities are involved in ongoing litigation, with cases at various adjudication stages. Adverse rulings could impact liabilities, reputation, business operations, or financial status.
- The company has encountered regulatory filing deficiencies and is addressing these with the Registrar of Companies. Potential regulatory actions and penalties may arise, posing risks to the company’s reputation and compliance status.
- The IT industry’s fragmented nature and low entry barriers lead to intense competition from established players and new entrants. Competitors’ resource advantages, pricing, and brand presence could affect profitability and growth.
Mangal Compusolutions Ltd IPO – Industry & Market Potential
Geopolitical strife in Europe, monetary tightening, widening CAD, and slowing export growth have contributed to downward revisions in India’s FY23 growth forecast, now estimated at a resilient 6.5-7.0%.
Manufacturing and investment activities gained momentum, with domestic consumption driving India’s economic growth as exports moderated. Private consumption reached 58.4% of GDP in Q2 FY23, supported by solid growth in contact-intensive services like trade, hotels, and transport.
India’s economy showed a strong recovery, with rising employment, improved labour force participation, and resilient MSMEs supported by government schemes like ECLGS and MGNREGA. Rural welfare and financial resilience also contributed to the positive growth outlook.
Mangal Compusolution Limited IPO – Type of Offer
Mangal Compusolution Limited is coming up with an IPO with a fresh issue of 36,06,000 shares worth INR 16.23 crores. The company aims to allocate funds for capital expenditure and general corporate purposes to enhance operations.
Mangal Compusolutions IPO Offer Size
The offer size of Mangal Compusolution Limited is INR 16.23 crores, consisting of a fresh issue of 36,06,000 shares worth INR 16.23 crores. The company aims to allocate funds for capital expenditure and general corporate purposes to enhance operations.
Mangal Compusolution SME IPO Allotment Structure
Mangal Compusolution Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 186,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 186,000 shares for this purpose.
How to apply for Mangal Compusolution IPO?
To apply for the Mangal Compusolution Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Mangal Compusolution Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Mangal Compusolution Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Mangal Compusolution IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Mangal Compusolution Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Mangal Compusolution Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Mangal Compusolution Limited IPO:
● Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Mangal Compusolution Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Mangal Compusolution Ltd IPO Offer Registrar
The registrar for the Mangal Compusolution Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Kfin Technologies Limited
Selenium, Tower B, Plot No 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad,
Telangana, 500032
Tel No.: +91 40 6716 2222,
E-mail: [email protected]
Website: www.kfintech.com
Mangal Compusolutions IPO – FAQs
1. What is the allotment date of the Mangal Compusolutions IPO?
The allotment date of the Mangal Compusolutions is November 18, 2024.
2. What is the price band of the Mangal Compusolutions IPO?
The price band of the issue is INR 45 per share.
3. What is the size of the Mangal Compusolutions IPO?
The offer size of Mangal Compusolution Limited is INR 16.23 crores, consisting of a fresh issue of 36,06,000 shares worth INR 16.23 crores. The company aims to allocate funds for capital expenditure and general corporate purposes to enhance operations.
4. What is the listing date of the Mangal Compusolutions IPO?
The listing date of the Mangal Compusolutions Limited is November 20, 2024.
5. Where is the Mangal Compusolutions IPO Getting Listed?
Mangal Compusolution is getting listed on the Bombay Stock Exchange (BSE) and Small Medium Exchange (SME).
6. What are the open and close dates of the Mangal Compusolution Limited IPO?
The open and close dates of the Mangal Compusolution Limited are November 12, 2024 and November 14, 2024.
7. How to apply for Mangal Compusolutions Ltd IPO in Alice Blue?
To apply for the Mangal Compusolution Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Mangal Compusolution Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Mangal Compusolution Limited IPO at Alice Blue in just a few clicks!
8. Who is the Book Runner for the Mangal Compusolutions IPO?
The Book Runner for the Mangal Compusolutions is Jawa Capital Services Private Limited.
