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Manglam Infra and Engineering Makes a Stellar Debut with 90% Premium, Lists at ₹106.4

Manglam Infra and Engineering's shares debuted on NSE SME at Rs 106.4, marking a 90% premium over the Rs 56 issue price, showing strong market enthusiasm for the IPO.
Manglam Infra and Engineering Makes a Stellar Debut with 90% Premium, Lists at ₹106.4

Manglam Infra and Engineering made an impressive debut on the NSE SME, with shares opening at Rs 106.4, a 90% premium over the issue price of Rs 56. This strong start reflects high market enthusiasm for the company’s initial public offering.

The IPO was overwhelmingly subscribed 394 times, with bids totaling 1,217,184,000 shares compared to just 3,086,000 available, demonstrating immense investor interest and competition for a limited number of shares.

Manglam Infra and Engineering Limited specialises in project management consultancy for infrastructure projects like highways, bridges, and urban development, both independently and through collaborations. The firm has completed 127 projects and currently has 45 active ones, employing over 300 experienced professionals and occasionally partnering with third-party services to meet project demands efficiently.

Manglam Infra and Engineering Ltd aims to allocate INR 11.55 crores and INR 7.70 crores from IPO proceeds for 2025 and 2026 working capital needs, with the remaining funds supporting various corporate expenses. 

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