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/
Last updated on 14-Nov-2024 17:08:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 1710000 | 38289000 | 22.39 |
| Retail | 1710000 | 80211000 | 46.91 |
| Total | 3420000 | 118500000 | 34.65 |
| Total Applications: 37190 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.35 | @8% ₹1.55 | @9% ₹1.74 | @10% ₹1.93 | @11% ₹2.13 | @12% ₹2.32 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 3000 | 135000 | 570 |
| HNI | 2 | 6000 | 270000 | 570 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.4% | 1710000 |
| Other | 47.4% | 1710000 |
| Market Maker | 5.10% | 186000 |
| Total No. of Shares | 100.0% | 3606000 |
Mangal Compusolution IPO Details
| Issue Size | 3,606,000 shares (aggregating up to ₹16.23 Cr) |
| Fresh Issue | 3,606,000 shares (aggregating up to ₹16.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,000,000 |
| Share holding post issue | 13,606,000 |
| Market Maker portion | 186,000 shares |
| Market Maker | Rikhav Securities |
Key Performance Indicator
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 3.97% | 21.35% | 55.79% |
| ROCE | 2.05% | 9.55% | 16.50% |
| RONW | 15.56% | 19.29% | 43.67% |
| D/E | 0.9 | 1.02 | 1.64 |
| EPS (basic) | 0.81 | 3.86 | 7.04 |
| P/E Pre IPO | 11.66 | ||
| P/E Post IPO | 18.9 |
Company Financials
Mangal Compusolution Limited Financial Information (Restated) In Lakhs.
Mangal Compusolution Limited's revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Assets | 4,492.0 | 4,552.1 | 4,715.7 | 5,267.0 |
| Revenue | 453.4 | 2,344.4 | 3,483.1 | 1,848.7 |
| Profit | 80.9 | 385.8 | 704.0 | 86.6 |
| Net Worth | 2,080.8 | 1,999.9 | 1,614.1 | 910.0 |
| Reserves | 1,080.8 | 999.9 | 1,414.1 | 710.0 |
| Borrowing | 1,862.7 | 2,041.2 | 2,652.3 | 3,434.1 |
| Amount in ₹ Lakhs | ||||
About Company
Mangal Compusolution Limited, incorporated in April 2011, provides tailored hardware rental solutions to businesses across diverse industries, offering a wide range of IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA systems, and accessories. The company enables small and large enterprises to rent or purchase customizable IT hardware products and also offers maintenance services to ensure seamless operations. Serving major clients primarily in Maharashtra while maintaining a nationwide presence, Mangal Compusolution’s business segments include rental income from IT equipment leases, sales of IT hardware, and maintenance service fees. With a zero-downtime commitment, the company maintains a stock of backup equipment for immediate replacement of faulty systems, ensuring uninterrupted service for its clients. As of September 30, 2024, the company has a workforce of 24 full-time employees and is overseen by a board of five directors, which includes a Managing Director, an Executive Director, a Non-Executive Director, and three Independent Directors.
Strength
Diverse Product Range: Offers a vast selection of IT hardware from top brands like HP, Dell, and Lenovo, catering to varied business needs.
Customer-Centric Approach: Prioritizes client satisfaction with customizable solutions tailored to specific requirements.
Reliable Support: Provides 24/7 dedicated support, ensuring continuous service and quick response times for clients.
Weakness
Ongoing Legal Proceedings: Involvement in various legal cases across different regulatory levels could lead to liabilities or impact the company’s reputation and financial status.
Regulatory Compliance Issues: Instances of non-filings and discrepancies in regulatory submissions may result in penalties, potentially affecting business operations and financial health.
Lack of Owned Office Space: The Company operates out of an unowned registered office, which could present stability and operational risks.
Avoid this ipo in this bear market conditions