IPO Price Range: ₹53 - 56
Min Investment
₹1,12,000
IPO Size
₹27 Cr
IPO Status
Quantity in 1 Lot
2000
Max Bid allowed
1
Listing Exchange
NSE
Bid Opening Date | 24 Jul 2024 |
Bid Closing Date | 26 Jul 2024 |
Allotment Date | 29 Jul 2024 |
Issue Size | ₹27.62Cr |
Quantity in 1 lot | 2000 |
Presence in diversified projects.
Wide range of services and proven track record of services.
Qualified employee base and proven management team.
Consistent financial performance.
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.
Investors | Holdings % |
Ajay Verma | 17% |
Yogendra Kumar Singh | 25.77% |
Seema Verma | 32.23% |
Nisha Singh | 25% |
Organisation | Manglam Infra & Engineering Ltd |
Headquarters | Bhopal |
Industry | Miscellaneous |