Mangal Compusolution IPO opens today: Check issue size, GMP, price band and other details

The SME IPO of Mangal Compusolution will open for subscription today and will close on November 14. The company aims to raise Rs 16 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) Mangal Compusolution IPO size

The IPO is entirely a fresh equity sale of 36.06 lakh shares and through the issue, the company plans to raise about Rs 16 crore.

2) Mangal Compusolution IPO price band

The company is offering its shares at Rs 45 apiece, and investors can bid for 3000 shares in 1 lot.

3) Mangal Compusolution GMP

In the unlisted market, the company's shares were trading with a GMP of Rs 5, indicating a premium of 11% over the issue price.

4) About Mangal Compusolution

The company is actively involved in the business of renting and selling IT hardware equipment, offering comprehensive end-to-end IT equipment services across India. Its services encompass the rental of a diverse range of IT equipment, including servers, laptops, desktops, printers, projectors, router-switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories.

5) Industry Overview

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.

6) Mangal Compusolution financial performance

For the period ended June 2024, the company clocked total revenues of Rs 4.08 crore and net profit of Rs 80 lakh.

7) Objects of the offer

The net proceeds from the public offer will be used for capital expenditure and general corporate purposes.

8) Lead managers and Registrar

Jawa Capital Services is acting as the lead manager to the issue and Kfin Technologies is the registrar.

9) Issue structure

About 50% of the offer is reserved for retail investors and the other 50% for non-institutional investors.

10) Important dates

The IPO opened on November 12 and will close on November 14. The final allotment will likely be made on November 18. The company's shares will likely get listed on November 20.

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