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Manglam Infra and Engineering IPO Skyrockets with 337.41x Subscription in 3 Days

Manglam Infra and Engineering's IPO was highly successful, being subscribed 337.41 times by Day 3, showing robust investor confidence in the company's potential and future growth.
Manglam Infra and Engineering IPO Skyrockets with 337.41x Subscription in 3 Days

Manglam Infra and Engineering IPO saw an overwhelming response, with the issue being subscribed 337.41 times by Day 3. This high level of subscription highlights strong investor interest and confidence in the company’s market potential and future growth prospects.

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 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 Listing Date 

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

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