Manglam Infra and Engineering Limited is launching an IPO with a fresh issue of 49,32,000 shares worth INR 27.62 crores. The company aims to meet the working capital requirements and general corporate purposes

Manglam Infra And Engineering IPO – Important Dates 

Manglam Infra and Engineering Limited IPO – Company Profile 

Manglam Infra and Engineering Limited provides project management consultancy services, including DPRs, SQC, and O&M for Highways/Roads, Bridges, Tunnels, and Buildings/Urban development, independently and through joint ventures and MoUs with industry players. 

Catering to various state and central governments, the company completed 127 projects (116 independently, 11 via joint ventures/MoUs) and has 45 ongoing projects (22 independently, 23 via joint ventures/MoUs) across diverse infrastructure sectors. 

Their team comprises over 300 qualified professionals with 7 to 15+ years of experience, and they occasionally engage third-party service providers for specific contracts as needed, ensuring they meet diverse project requirements effectively. 

Manglam Infra & Engineering Ltd IPO Fundamental Analysis 

Manglam Infra and Engineering Limited Technologies’ financial analysis reveals a mixed performance. Revenue has consistently increased, equity shows growth, debt reliance has risen, profitability and EPS have improved, RoNW has decreased slightly, and assets indicate business growth. 

• Revenue Trend: The revenue increased from ₹2,581.16 lakhs in March 2022 to ₹3,441.88 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 4,024.36 lakhs. 
• Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹332.96 lakhs in March 2022 to ₹676.41 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹4.28 in March 2022 to ₹5.34 by March 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has risen from 53.46% to 49.44%, indicating an increase in the company’s ability to generate returns on shareholder equity. 
• Financial 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. 

Manglam Infra And Engineering IPO Financial Analysis 

Manglam Infra and Engineering Limited IPO Peer Comparison 

Manglam Infra & Engineering Limited has strong revenue growth, improved EPS, and solid profitability with a moderate RoNW. Rudrabhishek Enterprises Limited exhibits higher revenue and EPS, with a higher RoNW. 

Manglam Infra & Engineering Ltd IPO Objective 

The main objective of Manglam Infra and Engineering Limited is to meet the working capital requirements. 

1. To meet the working capital requirements: The company intends to utilize INR 11.55 crores and INR 7.70 crores from net proceeds for working capital in FY 2025 and FY 2026, respectively, funding increased current assets and meeting higher working capital needs.  

2. General corporate purposes:  The company will deploy the balance of funds towards general corporate purposes, including business development initiatives, salaries, rent, administration costs, insurance premiums, repairs and maintenance, and payment of taxes and duties. 

Manglam Infra And Engineering IPO Risks And Challenges 

Manglam Infra and Engineering Limited’s risk includes heavily relying on government clients and unpredictable project awards through bidding. Future performance depends on timely contract awards and efficient workforce management, with the potential for operational fluctuations and inefficiencies. 

• The company’s revenue stream relies heavily on government clients, mainly from top customers. Despite a strong track record and experience, securing future projects remains uncertain due to competition and policy changes. 

• A substantial portion of their revenue comes from project awards obtained through bidding, which is unpredictable and influenced by various factors. This can lead to fluctuations in operations and the risk of delays or losses to competitors. 

• Future performance projections depend on timely contract awards and effective workforce management. Factors such as attrition, service forecasting, and resource allocation for training can lead to frequent adjustments and potential inefficiencies, impacting costs and performance. 

Manglam Infra & Engineering Ltd IPO – Industry & Market Potential 

India’s economic growth hinges on robust infrastructure development driven by initiatives like Gati Shakti and the National Infrastructure Pipeline. This sectoral focus aims to propel India toward a US$5 trillion economy by 2025 through integrated reforms and strategic investments. 

India’s Interim Budget 2024-25 allocates Rs. 11.11 lakh crore (US$ 133.86 billion) to infrastructure, with Rs. 2.55 lakh crore (US$ 30.72 billion) for railways. The National Infrastructure Pipeline now spans 9,142 projects, emphasizing transport and roads. 

Driven by a 37% increase in fiscal year capital expenditures, infrastructure development aims to propel economic growth towards a US$ 5 trillion economy by 2027, emphasizing sustainable progress and sectoral expansion. 

Manglam Infra and Engineering Limited IPO – Type of Offer 

Manglam Infra and Engineering Limited is launching an IPO with a fresh issue of 49,32,000 shares worth INR 27.62 crores. The company aims to meet the working capital requirements and general corporate purposes.  

Manglam Infra And Engineering IPO Offer Size 

The offer size of Manglam Infra and Engineering Limited is INR 27.62 crores, consisting of a fresh issue of 49,32,000 shares. The company seeks funds to meet the working capital requirements and general corporate purposes. 

Manglam Infra and Engineering Limited IPO Allotment Structure 

Manglam Infra and Engineering Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 524,000 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 524,000 shares, are reserved for marker makers. 

How to apply for a Manglam Infra and Engineering Limited IPO?

To apply for the Manglam Infra and Engineering Limited IPO through Alice Blue, you would typically 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.

1. Check for IPO Details: Once your account is active, you can check for the Manglam Infra and Engineering Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Manglam Infra and Engineering 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 Manglam Infra and Engineering Limited’s IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. 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.
3. 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.
4. Select the Manglam Infra and Engineering 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 Manglam Infra and Engineering Limited IPO.
5. 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, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.

 Apart from Alice Blue, there are other ways to check the allotment status of the Manglam Infra and Engineering Limited IPO:

● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Manglam Infra and Engineering 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.

● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) 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.

Manglam Infra and Engineering Limited  Ltd IPO Offer Registrar

The registrar for the Manglam Infra and Engineering Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly. 

Contact information for the registrar: 

BIGSHARE SERVICES PRIVATE LIMITED

S6-2, 6th Floor, Pinnacle Business Park, 

Next to Ahura Centre, Mahakali Caves Road, 

Andheri (East), Mumbai – 400 093, 

Maharashtra, India

Telephone: 022-6263 8200

Email: [email protected]

Website: www.bigshareonline.com 

Manglam Infra and Engineering Limited IPO –  FAQs