Mangal Compusolution Ltd

Mangal Compusolution Ltd IPO

IPO Price Range: ₹45 - 45

We are actively involved in the business of renting and selling IT hardware equipment, offering comprehensive end-to-end IT equipment services across India. Our 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. Additionally, we specialize in creating customized IT configurations tailored to our clients specific specifications and needs, available for both rental and purchase.

Min Investment

₹1,35,000

IPO Size

₹16 Cr

IPO Status

Closed

Quantity in 1 Lot

3000

Max Bid allowed

1

Listing Exchange

BSE

IPO Application Timeline of Mangal Compusolution Ltd

Open Date12 Nov 2024
Close Date14 Nov 2024
Allotment Date18 Nov 2024
Listing Date20 Nov 2024

Key Statistics

Bid Opening DateBid Opening Date12 Nov 2024
Bid Closing DateBid Closing Date14 Nov 2024
Allotment DateAllotment Date18 Nov 2024
Issue SizeIssue Size₹16.23Cr
Quantity in 1 lotQuantity in 1 lot3000

Strength and risks

Strength

Strength

  • 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.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Hardik Meghraj Jain60%
Neeta Mukesh Desai20%
Pathik Mukesh Desai20%
Binny Desai0%
Indra Meghraj Jain0%

About Mangal Compusolution Ltd

OrganisationMangal Compusolution Ltd
HeadquartersMumbai
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Mangal Compusolution Ltd IPO?

    The size of the Mangal Compusolution Ltd IPO is ₹16.23Cr .

  • What is 'pre-apply' for Mangal Compusolution Ltd IPO?

    'Pre-apply' for Mangal Compusolution Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Mangal Compusolution Ltd IPO order be placed?

    Your Mangal Compusolution Ltd IPO order will be placed on 12 Nov 2024.

  • What are the open and close dates of the Mangal Compusolution Ltd IPO?

    The open and close dates of the Mangal Compusolution Ltd IPO are 12 Nov 2024 to 14 Nov 2024.

  • What is the lot size and minimum order quantity of the Mangal Compusolution Ltd IPO?

    The lot size and minimum order quantity of the Mangal Compusolution Ltd IPO are 3000 and 3000 respectively.

  • What would be the listing gains on the Mangal Compusolution Ltd IPO?

    The potential listing gains on the Mangal Compusolution Ltd IPO will depend on various market factors and cannot be predicted with certainty.