Mangal Compusolution IPO - AstroIPO

Mangal Compusolution IPO


November 7, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Mangal Compusolution Ltd, a smallcap company in the IT services sector, is set to make its market debut on the BSE SME platform with a fixed-price initial public offering (IPO). With a market capitalization of ₹61.23 crore, this upcoming IPO presents an exciting opportunity for investors seeking exposure to the dynamic IT services industry.

The IPO, scheduled to open on November 12th and close on November 14th, 2024, offers investors the chance to participate in the growth story of this promising enterprise. The issue price is set at ₹45 per share, and the minimum application size is 3,000 shares, requiring a total investment of ₹135,000 at the cut-off price.

Mangal Compusolution’s IPO aims to raise ₹16.23 crore through the issuance of 3,606,000 fresh shares.

Mangal Compusolution IPO Details

IPO Size ₹16.23 Cr
Price Range ₹45
Retail Quota 50%
QIB Quota --
NII Quota 50%
Employee Discount --
Listing at BSE
Minimum Quantity 3000
Investment (cut-off price) ₹135,000
Pre IPO Promotor Holding 100.00%
Post IPO Promotor Holding 73.50%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Mangal Compusolution IPO Timelines

12/11/2024
Start Date
14/11/2024
End Date
18/11/2024
Allotment Date View Status
19/11/2024
Refund Initiation
19/11/2024
Credit of Shares to Demat Ac
20/11/2024
Listing Date

Mangal Compusolution IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 3000 ₹135,000
Retail Maximum 1 3000 ₹135,000
S-HNI Minimum 2 3000 ₹270,000

Mangal Compusolution IPO Subscription Status

QIB NII Retail EMP Total
-- 22.28x 46.91x -- 34.59x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹45 ₹42.75 ₹45 ₹42.75

Mangal Compusolution IPO Company Financials

Year Total Income Total Expense PAT
FY 2022 ₹18.49 ₹17.28 ₹0.87
FY 2023 ₹34.83 ₹27.05 ₹7.04
FY 2024 ₹23.44 ₹18.24 ₹3.86
FY 2025 (3 M) ₹4.53 ₹3.45 ₹0.81

About Company

Mangal Compusolution Limited, formerly Pathik Computer Systems Private Limited, was established on April 11, 2011, and is a key provider of IT hardware solutions in India. The company specializes in the rental and sale of various IT equipment, including servers, laptops, desktops, and projectors. Mangal Compusolution tailors its offerings to meet the specific needs of clients, providing scalable IT infrastructure solutions that allow businesses to adapt to changing demands without the financial burden of ownership. This flexibility helps clients conserve capital and avoid technological obsolescence.

In addition to offering new and pre-owned IT equipment, Mangal Compusolution ensures high quality and reliability in its products. The company supports its clients with on-site setup, deployment services, and comprehensive maintenance, including a 24-hour technical support line. By leveraging a hybrid distribution model that combines education counselors, direct selling agents, and digital channels, Mangal Compusolution emphasizes a student-centric approach while providing value-added services that enhance customer experience.

Incorporation Date Sector Managing Director
2011 IT (Information Technology) Pathik Desai

Know Before Investing

Mangal Compusolution IPO Strengths

  • Mangal Compusolution Limited provides a wide range of IT hardware products from leading brands like HP, Dell, and Lenovo, ensuring premium solutions tailored to client needs.
  • The company is known for rapid response times, effectively addressing urgent IT hardware requirements to enhance client operations.
  • Mangal Compusolution adopts a customer-centric approach, customizing solutions to align with business objectives and providing 24/7 service availability and standby equipment to minimize downtime and boost productivity.

Mangal Compusolution IPO Risks

  • Mangal Compusolution Limited faces potential liabilities and reputational risks due to 29 pending criminal cases against the company and its directors.
  • Regulatory issues, including inaccurate filings and missing documentation, may lead to fines and impact the company’s operations and credibility.
  • The company’s reliance on leased premises for its registered office poses a risk of operational disruption if the lease is not renewed after 60 months.
  • Operating in a competitive IT sector with low entry barriers exposes Mangal Compusolution to market share loss and pricing pressures from emerging competitors.

Swot Analysis for Mangal Compusolution IPO

Strengths

Established market position, Strong brand partnerships.

Weaknesses

Dependency on major clients, Limited market presence.

Opportunities

Growing demand for IT hardware rentals.

Threats

Intense competition, Regulatory compliance challenges.

Company Details

Mangal Compusolution Limited

Unit No. 03, Satguru Nanak Industrial Estate
Off Western Express Highway,
Goregaon (East), Mumbai-400063

Phone: +91-22-40360500

Email: compliance@mangalcompusolution.com

Website: https://www.mangalcompusolution.com/

IPO Registar Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: mangalcomp.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

FAQs

The key objectives of Mangal Compusolution IPO are:

  • Capital Requirements
  • General corporate purposes; and
  • To meet the Issue expenses

Jawa Capital Services Private Limited is the book-running lead managers for the Mangal Compusolution IPO.

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