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Manglam Infra and Engineering IPO draws an impressive 48.17x subscription on Day 2!

Manglam Infra and Engineering's IPO Day 2 saw a 48.17 times subscription, highlighting significant investor enthusiasm and confidence in the company's engineering and infrastructure projects.
Manglam Infra and Engineering IPO draws an impressive 48.17x subscription on Day 2!

Manglam Infra and Engineering IPO on Day 2 was subscribed 48.17 times, showcasing significant investor enthusiasm. This robust subscription rate underscores the strong market interest in the company’s engineering and infrastructure capabilities.

Manglam Infra and Engineering Limited IPO Subscription Status

Steps to check Manglam Infra and Engineering Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Manglam Infra and Engineering Limited IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Manglam Infra and Engineering IPO Allotment Status

The allotment date for the Manglam Infra and Engineering IPO is set for July 29, 2024, with shares priced at a range of ₹53 to ₹56  per share and a face value of ₹ 10. The offering consists of lots of 2000 shares, with bids accepted for these lots or their multiples.  

Manglam Infra and Engineering IPO Subscription Status

Manglam Infra and Engineering IPO on Day 1 was subscribed 13.13 times, showing solid investor interest. This level of subscription demonstrates the market’s positive reception and confidence in the educational products and services offered by the company.

Manglam Infra and Engineering Limited IPO Listing Date 

Manglam Infra and Engineering IPO is expected to be listed on the NSE SME on July 31, 2024.

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