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Manglam Infra And Engineering IPO is a book built issue of Rs 27.62 crores. The issue is entirely a fresh issue of 49.32 lakh shares.
Manglam Infra And Engineering IPO bidding started from July 24, 2024 and ended on July 26, 2024. The allotment for Manglam Infra And Engineering IPO was finalized on Monday, July 29, 2024. The shares got listed on NSE SME on July 31, 2024.
Manglam Infra And Engineering IPO price band is set at ₹53 to ₹56 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹112,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹224,000.
Unistone Capital Pvt Ltd is the book running lead manager of the Manglam Infra And Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Manglam Infra And Engineering IPO is Giriraj Stock Broking.
Refer to Manglam Infra And Engineering IPO RHP for detailed information.
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | July 31, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Fresh Issue | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,664,700 |
| Share holding post issue | 17,596,700 |
| Market Maker portion | 524,000 shares Giriraj Stock Broking |
Manglam Infra And Engineering IPO offers 4,932,000 shares. 882,000 (17.88%) to QIB, 660,000 (13.38%) to NII, 1,544,000 (31.31%) to RII and 1,322,000 (26.80%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,322,000 (26.80%) |
| Market Maker Shares Offered | 524,000 (10.62%) |
| QIB Shares Offered | 882,000 (17.88%) |
| NII (HNI) Shares Offered | 660,000 (13.38%) |
| Retail Shares Offered | 1,544,000 (31.31%) |
| Total Shares Offered | 4,932,000 (100%) |
Manglam Infra And Engineering IPO raises Rs 7.40 crore from anchor investors. Manglam Infra And Engineering IPO Anchor bid date is July 23, 2024. Manglam Infra And Engineering IPO Anchor Investors list
| Bid Date | July 23, 2024 |
| Shares Offered | 1,322,000 |
| Anchor Portion Size (In Cr.) | 7.40 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 27, 2024 |
Manglam Infra And Engineering IPO opens on July 24, 2024, and closes on July 26, 2024.
| IPO Open Date | Wednesday, July 24, 2024 |
| IPO Close Date | Friday, July 26, 2024 |
| Basis of Allotment | Monday, July 29, 2024 |
| Initiation of Refunds | Tuesday, July 30, 2024 |
| Credit of Shares to Demat | Tuesday, July 30, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |
| Lot Size Calculator | |||
The Promoters of the Company, are Yogendra Kumar Singh, Ajay Verma, Nisha Singh and Seema Verma.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated in 2010, Manglam Infra and Engineering Limited is a company that helps manage infrastructure projects. They provide detailed project reports, supervise and control quality, and handle the operation and maintenance of things like highways, bridges, tunnels, and urban buildings.
The company offers design, engineering, procurement, construction, and integrated project management services.
The company's services include DPR and feasibility studies, Operations & Maintenance Works, Project Management Consultancy, Independent Consultancy, Project Planning, Designing, Estimation, Supervision and Quality Control, Authority Engineer Supervision, Independent Engineer Services, Traffic and Transportation Engineering, Financial Analysis, Technical audits, Structural Audit, Inspection of bridges & Roads.
The company has provided services in states like Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana. In total, they have completed 127 projects. Out of these, 116 projects were done independently, and 11 projects were completed through joint ventures and MoUs with the central government.
As of May 31, 2024, the company has 272 employees out of which 159 are qualified engineers.
Manglam Infra and Engineering Limited's revenue increased by 16.46% and profit after tax (PAT) rose by 22.06% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,318.23 | 2,104.13 | 1,673.32 |
| Revenue | 4,050.79 | 3,478.14 | 2,678.36 |
| Profit After Tax | 676.41 | 554.16 | 332.96 |
| Net Worth | 1,710.20 | 1,025.95 | 778.69 |
| Reserves and Surplus | 443.73 | ||
| Total Borrowing | 447.31 | 225.91 | 186.91 |
| Amount in ₹ Lakhs | |||
The market capitalization of Manglam Infra And Engineering IPO is Rs 98.54 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 49.44% |
| ROCE | 44.95% |
| Debt/Equity | 0.26 |
| RoNW | 49.44% |
| P/BV | 4.15 |
| PAT Margin (%) | 16.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.34 | 3.84 |
| P/E (x) | 10.49 | 14.57 |
The company intend to utilize the proceeds of the issue to meet the following objectives:
[Dilip Davda] The company is in the business of providing consultancy and infra project related all kind of monitoring services. It marked steady growth in its top and bottom lines. It had an order book worth Rs. 78+ cr. as of May 31, 2024. It is poised for bright prospects ahead considering the mega spending on infra by government bodies. Investors may park funds for the medium to long term in this reasonably priced offer. Read detail review...
The Manglam Infra And Engineering IPO is subscribed 394.42 times on July 26, 2024 6:20:01 PM. The public issue subscribed 371.72 times in the retail category, 163.04 times in the QIB category, and 756.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 163.04 |
| NII | 756.73 |
| Retail | 371.72 |
| Total | 394.42 |
Total Application : 286,970 (371.72 times)
| Listing Date | July 31, 2024 |
| BSE Script Code | |
| NSE Symbol | MIEL |
| ISIN | INE0R3101011 |
| Final Issue Price | ₹56 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹56.00 |
| ₹106.40 |
| ₹106.40 |
| ₹111.70 |
| ₹111.70 |
Manglam Infra and Engineering Limited
H.NO.46, Nikhil Nestles Jatkhedi
Hoshangabad Road, University
(Bhopal) Huzur, Bhopal - 462026,
Phone: +0755 4289475
Email: cs@manglaminfra.com
Website: https://www.manglaminfra.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Manglam Infra And Engineering IPO is a SME IPO of 4,932,000 equity shares of the face value of ₹10 aggregating up to ₹27.62 Crores. The issue is priced at ₹53 to ₹56 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 24, 2024, and closes on July 26, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Manglam Infra And Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Manglam Infra And Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Manglam Infra And Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Manglam Infra And Engineering IPO opens on July 24, 2024 and closes on July 26, 2024.
Manglam Infra And Engineering IPO lot size is 2000 Shares, and the minimum amount required is ₹112,000.
You can apply in Manglam Infra And Engineering IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Manglam Infra And Engineering IPO will be done on Monday, July 29, 2024, and the allotted shares will be credited to your demat account by Tuesday, July 30, 2024. Check the Manglam Infra And Engineering IPO allotment status.
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Good Fundamentals...
Low debt...
Good chunk buy by Foreign Funds...
Experts please share your views and if anybody holding it or not...