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Manglam Infra and Engineering IPO GMP Today, Price Range, and Company Details

Manglam Infra and Engineering IPO offers shares at ₹53 to ₹56, with a ₹38 Grey Market Premium. Available in 2000 share lots, the subscription runs from July 24 to July 26, 2024.
Manglam Infra and Engineering IPO GMP Today, Price Range, and Company Details

As of July 23, 2024, Manglam Infra and Engineering IPO has a ₹38 as Grey Market Premium, with a price range of ₹53 to ₹56 per share. Offering lots of 2000 shares, the subscription window is open from July 24 to July 26, 2024.

Manglam Infra and Engineering Limited IPO GMP Today

The Grey Market Premium (GMP) for Manglam Infra and Engineering Limited is ₹38 as of July 23, 2024. This assessment coincides with a price of ₹53 to ₹56 per share for the IPO.

Manglam Infra and Engineering Limited IPO Review

Manglam Infra and Engineering Limited’s financials show steady growth, with revenue climbing from ₹2,581.16 lakhs in March 2022 to ₹4,024.36 lakhs by March 2024. Profit after tax and EPS have also increased, showing enhanced profitability and shareholder earnings, despite a growing dependency on debt financing.

The company’s asset base has expanded, indicating potential business growth, though an increased current ratio suggests enhanced liquidity that could pose challenges in short-term financial obligations. A slight dip in RoNW from 53.46% to 49.44% reflects varied efficiency in generating shareholder returns.

To get a full IPO review, click here Manglam Infra and Engineering IPO

Manglam Infra and Engineering Limited IPO Date

Manglam Infra and Engineering Limited will start accepting subscriptions from July 24, 2024, to July 26, 2024.

Manglam Infra and Engineering Limited IPO Price

Manglam Infra and Engineering Limited’s price range is ₹53 to ₹56 per share with a face value of ₹10 each.

Manglam Infra and Engineering Limited

Manglam Infra and Engineering Limited offers consultancy in project management for infrastructure projects like highways, bridges, and urban development, both independently and through partnerships. It has completed 127 projects and currently has 45 ongoing, serving state and central governments. The company employs over 300 professionals with significant experience and occasionally incorporates third-party services to meet project demands effectively.

How To Apply For Manglam Infra and Engineering Ltd IPO?

To apply for the Manglam Infra and Engineering IPO through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for Manglam Infra and Engineering on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the Manglam Infra and Engineering IPO at Alice Blue in just a few clicks!

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