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Mangal Compusolution Misses Premium, Lists Flat at ₹45 on BSE SME Platform!

Mangal Compusolution shares had a quiet stock market debut, listing at ₹45 per share on the BSE SME platform today, matching the issue price and reflecting a flat opening.
Mangal Compusolution shares list flat at ₹45 on BSE SME, matching issue price with no premium gain.

Mangal Compusolution shares had a subdued debut on November 21, listing at ₹45 per share on the BSE SME platform, matching the issue price. The flat opening highlighted cautious investor sentiment towards the stock in its initial trading session.

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Mangal Compusolution’s IPO witnessed robust demand, achieving an impressive overall subscription of 34.6 times. The overwhelming response highlights strong investor confidence in the offering, underscoring its appeal in the market during the subscription period from November 12 to November 14.

Also Read: GNFC signs MoU with UK based company for manufacturing of acetic acid in India

Incorporated in April 2011, Mangal Compusolution Limited specialises in hardware rental solutions for businesses across various sectors. The company offers a wide range of IT equipment, including servers, laptops, and projectors. Operating primarily in Maharashtra, it provides customizable solutions and maintenance services, generating revenue through rental income, sales of IT equipment, and maintenance service fees.

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Also Read:  Upcoming Dividend Stocks 2024

Mangal Compusolutions Ltd aims to allocate ₹12.96 crores for IT equipment procurement and ₹1.94 crores for general corporate purposes, supporting operational expansion, business development, and essential administrative expenses.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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