Manglam Infra & Engineering Ltd

Manglam Infra & Engineering Ltd IPO

IPO Price Range: ₹53 - 56

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.

Min Investment

₹1,12,000

IPO Size

₹27 Cr

IPO Status

Closed

Quantity in 1 Lot

2000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Manglam Infra & Engineering Ltd

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

Key Statistics

Bid Opening DateBid Opening Date24 Jul 2024
Bid Closing DateBid Closing Date26 Jul 2024
Allotment DateAllotment Date29 Jul 2024
Issue SizeIssue Size₹27.62Cr
Quantity in 1 lotQuantity in 1 lot2000

Strength and risks

Strength

Strength

  • Presence in diversified projects.

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

  • Qualified employee base and proven management team.

  • Consistent financial performance.


Risk

Risk

  • 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.

Promoters Holding

Investors Holdings %
Ajay Verma17%
Yogendra Kumar Singh25.77%
Seema Verma32.23%
Nisha Singh25%

About Manglam Infra & Engineering Ltd

OrganisationManglam Infra & Engineering Ltd
HeadquartersBhopal
IndustryMiscellaneous

Frequently Asked Questions

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

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

  • 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.

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

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

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

    The open and close dates of the Manglam Infra & Engineering Ltd IPO are 24 Jul 2024 to 26 Jul 2024.

  • What is the lot size and minimum order quantity of the Manglam Infra & Engineering Ltd IPO?

    The lot size and minimum order quantity of the Manglam Infra & Engineering Ltd IPO are 2000 and 2000 respectively.

  • 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.