Manglam Infra & Engineering Ltd

Manglam Infra & Engineering Ltd IPO

Manglam Infra & Engineering Ltd IPO Price Range is ₹53 - 56, with a minimum investment of ₹1,12,000 for 2000 shares.

₹1,12,000

/ 2000 shares

Minimum Investment

View Manglam Infra & Engineering Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹53 - 56

Open Date

2024-07-24

Close Date

2024-07-26

IPO Size

₹27.62 Cr

Lot Size

2000 shares

Min Investment

₹1,12,000

Listing Exchange

NSE

Manglam Infra & Engineering Ltd IPO Application Timeline

passed
Open Date24 Jul 2024
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Close Date26 Jul 2024
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Allotment Date29 Jul 2024
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Listing Date31 Jul 2024

Strengths and Risks

Strengths

Strengths

  • Presence in diversified projects.

  • Wide range of services and proven track record of services.

  • Qualified employee base and proven management team.

  • Consistent financial performance.


Risks

Risks

  • The company is highly dependent on Government Bodies for its Infrastructure Consultation Projects. Any failure to secure new tenders from this government bodies could adversely affect its business and revenue from operations.

  • Its revenue and earnings are dependent on the award of new contracts which the company does not directly control.

  • The company may not be able to realize the amounts reflected in its order book, timely completion andperformance standards of a project which may materially and adversely affect its financialcondition and results of operation.

  • The company maintain its workforce in alignment with current workloads and future projects. In the event that the company does not secure future contract awards or experience delays in receiving them, it could result in incurring additional employee costs.

  • The contracts in its order book may be adjusted, cancelled or suspended by the company clients and,therefore, its order book is not necessarily indicative of the companys future revenues or earnings.

  • The company has entered into joint venture arrangements or agreements or Memorandum of Understanding or Power of attorney with third parties to complete infrastructure consultancy services.

  • A significant portion of its revenues are derived from a few geographical regions and any adverse developments affecting such regions could have an adverse effect on its business, cash flows, results of operation and financial condition.

  • Its Restated Financial Statements are Prepared and Signed by the Peer Review Auditors who is not Statutory Auditors of the Company as required under the provisions of ICDR:

  • The company requires high working capital for its smooth day to day operations of business and anydiscontinuance or its inability to acquire adequate working capital timely and on favorable terms may have an adverse effect on its operations, profitability and growth prospects.

  • Its ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.

How to Apply for Manglam Infra & Engineering Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Manglam Infra & Engineering Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Manglam Infra & Engineering Ltd

Manglam Infra & Engineering Limited is an infrastructure consultancy company, and its core business is providing project management consultancy services which includes detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. The Company undertakes various project independently as well as through Joint ventures and MoUs with other players in this industry. As on date of the Draft Red Herring Prospectus, the company caters to various state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana and central government and has completed total 127 projects out of which 115 projects are undertaken on an independent basis and 12 projects are undertaken through Joint ventures and MoUs. Currently, the company has 46 on-going projects out of which 25 projects are being undertaken on an independent basis and 21 projects are being undertaken through Joint ventures and MoUs. The Company is a team of more than 300 qualified professionals, with experience ranging between 7 to 15+ years. In alignment with its business requirements, The company also occasionally engages third-party service providers for specific contracts on need basis.

Frequently Asked Questions of Manglam Infra & Engineering Ltd IPO

What is the size of the Manglam Infra & Engineering Ltd IPO?

The size of the Manglam Infra & Engineering Ltd IPO is ₹27.62 Cr.

What is the allotment date of the Manglam Infra & Engineering Ltd IPO?

Manglam Infra & Engineering Ltd IPO allotment date is Jul 29, 2024 (tentative).

What are the open and close dates of the Manglam Infra & Engineering Ltd IPO?

The Manglam Infra & Engineering Ltd IPO will open on Jul 24, 2024 and close on Jul 26, 2024

What is the lot size of Manglam Infra & Engineering Ltd IPO?

The lot size for the Manglam Infra & Engineering Ltd IPO is 2000.

When will my Manglam Infra & Engineering Ltd IPO order be placed?

Your Manglam Infra & Engineering Ltd IPO order will be placed on Jul 24, 2024

Can we invest in Manglam Infra & Engineering Ltd IPO?

Yes, once Manglam Infra & Engineering Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Manglam Infra & Engineering Ltd IPO?

The potential listing gains on the Manglam Infra & Engineering Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Manglam Infra & Engineering Ltd IPO?

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