Mangalam Infra and Engineering IPO price band sets to Rs. 53 to Rs. 56 per equity share with a face value of Rs. 10 each. The IPO is a book built issue of Rs. 27.62 crores. The issue is entirely fresh issue of 49.32 lakhs equity shares.
Mangalam Infra and Engineering IPO subscription starts on Wednesday, July 24, 2024 and ends on Friday, July 26, 2024. The allotment for the Mangalam Infra and Engineering IPO is expected to be finalized on Monday, July 29, 2024. Mangalam Infra and Engineering IPO will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Wednesday, July 31, 2024.
The minimum order quantity of the issue is 2,000 equity shares. The minimum amount of investment required for Retail is ₹1,12,000. The minimum bid size for sHNI is 2 lots aggregating to ₹2,24,000. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.
Unistone Capital Private Limited is book running lead manager. HDFC Bank Limited is sponsor bank to the issue. Bigshare Services Private Limited is registrar to Mangalam Infra and Engineering IPO.
Also Read Chetana Education IPO opens on July 24, Great Deal or not
Mangalam Infra and Engineering Limited Financial Information –
| Particulars | FY 2024 | FY 2023 | FY 2022 |
| Net Worth | 17.10 | 10.26 | 7.79 |
| Revenue | 40.51 | 34.78 | 26.78 |
| PAT | 6.76 | 5.54 | 3.33 |
| PAT Margin | 16.81% | 16.10% | 12.90% |
| Net Cash Flow from Operating Activities | 0.85 | 4.47 | 3.65 |
| Total Borrowings | 4.47 | 2.26 | 1.87 |
Objects of the issue –
The Company proposes to utilize the Net Proceeds of the issue to meet the following objects:-
- To meet the working capital requirements, and
- General corporate purposes.
About Mangalam Infra and Engineering Limited – (https://www.manglaminfra.com/)
Mangalam Infra and Engineering Limited was established in 2010 as a Partnership Firm Mangalam Associates that delivers design, planning, engineering, consulting and construction management solutions for Highways, Roads, Bridges, Tunnels, Buildings. The company also provide service & solution for rural & urban development, capacity building and environmental engineering and undertake construction material testing and geotechnical investigations.
The Company services includes, Preparation of detailed project report (DPR), project management consultancy, Supervision and quality control services, Operation & Maintenance. The company has achieved revenue of Rs. 40.51 crores in FY 2024.
MIEL goal is to collaborate with all team members associated with its projects including clients, partners, subcontractors, sub-consultants, vendors, regulatory authorities and employees throughout all levels of the Company. Working in such an environment allows the Company to make informed and efficient resolutions to even the most complex issues.
