IPO Price Range: ₹45 - 45
Min Investment
₹1,35,000
IPO Size
₹16 Cr
IPO Status
Quantity in 1 Lot
3000
Max Bid allowed
1
Listing Exchange
BSE
Bid Opening Date | 12 Nov 2024 |
Bid Closing Date | 14 Nov 2024 |
Allotment Date | 18 Nov 2024 |
Issue Size | ₹16.23Cr |
Quantity in 1 lot | 3000 |
Innovation focused business model.
Consistent track record of profitable growth due to a scalable business model.
Established and proven track record.
Leveraging the experience of its Promoters.
Experienced management team and motivated employees.
Cordial relations with its customers.
The Company and some of its group companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities or may adversely affect its reputation/ business/financial status.
There have been instance of deficiency and/or inaccuracies in the regulatory filings by the Company. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
The company does not own registered office which is used by it currently.
The company operates in highly competitive markets, and fragmented market with low entry barrier.
The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
Its top ten suppliers contribute majority of the company purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.
The Company has reported certain negative cash flows from its investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.
Changes in technology render its current IT equipments obsolete and require the company to make substantial capital investments.
Its business relies heavily on capital investments. If its cannot secure additional funds when required, or if the terms are not favorable, the company may need to scale back or even abandon its expansion and growth initiatives. This could also entail reducing capital spending and the scale of its operations, any of which could have a significant and negative impact on its business, financial standing, and operational results.
If customers choose not to outsource their IT product needs or if there is a decline in the demand for IT equipment rentals, it may negatively impact its business, financial performance, financial health, and cash flow.
Investors | Holdings % |
Hardik Meghraj Jain | 60% |
Neeta Mukesh Desai | 20% |
Pathik Mukesh Desai | 20% |
Binny Desai | 0% |
Indra Meghraj Jain | 0% |
Organisation | Mangal Compusolution Ltd |
Headquarters | Mumbai |
Industry | Miscellaneous |