Manglam Infra And Engineering IPO Review

 
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Manglam Infra And Engineering IPO Review

IPO Open Date: 24, July, 2024

IPO Close Date: 26, July, 2024

IPO Price: ₹53 to ₹56 per share

Lot Size: 2000 Shares

Listing: July 31, 2024

Manglam Infra And Engineering is scheduled to hit the market on July 24, 2024 and close on July 26, 2024. Manglam Infra And Engineering plans to raise around ₹27.62 Cr through an IPO with a sale of up to 4,932,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Founded in 2010, Manglam Infra and Engineering Limited specializes in managing infrastructure projects. The company provides a wide range of services, including detailed project reports, quality supervision, and operation and maintenance for highways, bridges, tunnels, and urban buildings. Their offerings encompass design, engineering, procurement, construction, and integrated project management, along with services like DPR and feasibility studies, project planning, technical audits, and traffic engineering.

Over the years, Manglam Infra has successfully completed 127 projects across various states, including Madhya Pradesh, Jammu & Kashmir, Bihar, and others. Of these projects, 116 were executed independently while 11 were carried out through joint ventures and MoUs with the central government. As of May 31, 2024, the company employs 272 staff members, among whom 159 are qualified engineers.

Manglam Infra And Engineering


Manglam Infra And Engineering IPO Details

Manglam Infra And Engineering IPO opens on July 24, 2024, and closes on July 26, 2024. The Listing date for Manglam Infra And Engineering IPO is on July 31, 2024. The price band for IPO is 53 to ₹56 per share and lot size of 2000 Shares.

IPO DateJuly 24, 2024 to July 26, 2024
Listing DateJuly 31, 2024
Price₹53 to ₹56 per share
Lot Size2000 Shares
Issue Size₹27.62 Cr
Face Value₹10 per share

Manglam Infra And Engineering IPO Tentative Timetable

Manglam Infra And Engineering opening date is July 24, 2024 and close date is July 26, 2024. The IPO allotment date is July 29, 2024. The refund initiation of IPO is on July 30, 2024. The credit of shares in demat account is on July 30, 2024. The listing date is on July 31, 2024.

EventDate
IPO OpeningJuly 24, 2024
IPO ClosingJuly 26, 2024
IPO Allotment DateJuly 29, 2024
Refund InitiationJuly 30, 2024
Shares Credit to DematJuly 30, 2024
Lisiting DateJuly 31, 2024

Manglam Infra And Engineering IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹112,000
Retail(Maximum)12000₹112,000
HNI (Minimum)24000₹224,000

Manglam Infra And Engineering IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding

Manglam Infra And Engineering IPO Review

Incorporated in 2010, Manglam Infra and Engineering Limited is an infrastructure management company specializing in comprehensive project management services. They provide detailed project reports, supervise and control quality, and handle the operation and maintenance of infrastructure like highways, bridges, tunnels, and urban buildings. Their extensive service offerings include design, engineering, procurement, construction, and integrated project management. Additionally, they conduct DPR and feasibility studies, operations and maintenance works, project management consultancy, independent consultancy, project planning, designing, estimation, supervision and quality control, authority engineer supervision, independent engineer services, traffic and transportation engineering, financial analysis, technical audits, structural audits, and inspection of bridges and roads.

The company has made a significant impact across various Indian states, including Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana, completing a total of 127 projects. Of these, 116 projects were executed independently, while 11 were completed through joint ventures and Memorandums of Understanding (MoUs) with the central government. As of May 31, 2024, Manglam Infra and Engineering Limited employed 272 individuals, with 159 being qualified engineers, highlighting their commitment to expertise and quality in infrastructure projects.

Financially, Manglam Infra and Engineering Limited has shown robust growth, with revenue increasing by 16.46% and profit after tax (PAT) rising by 22.06% between the financial years ending March 31, 2024, and March 31, 2023. For the fiscal year ending March 31, 2024, the company reported assets worth ₹3,318.23 lakhs, revenue of ₹4,050.79 lakhs, and a PAT of ₹676.41 lakhs. The net worth stood at ₹1,710.20 lakhs with reserves and surplus amounting to ₹443.73 lakhs, and total borrowings of ₹447.31 lakhs. Key performance indicators include a market capitalization of ₹98.54 crores, a return on equity (ROE) of 49.44%, a return on capital employed (ROCE) of 44.95%, a debt-to-equity ratio of 0.26, a return on net worth (RoNW) of 49.44%, and a price-to-book value (P/BV) ratio of 4.15. The company's pre-IPO earnings per share (EPS) is ₹5.34, with a price-to-earnings (P/E) ratio of 10.49, while the post-IPO EPS is ₹3.84, with a P/E ratio of 14.57. The IPO proceeds are intended to meet working capital requirements and for general corporate purposes.

Manglam Infra And Engineering IPO Subscription Status (Bidding Details)

Table not found

Manglam Infra And Engineering IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Manglam Infra And Engineering IPO FAQs

What is Manglam Infra And Engineering IPO?

Manglam Infra And Engineering is issuing 4,932,000 equity shares with a face value of ₹10 each, totaling up to ₹27.62 Cr. The shares are being offered at a price of ₹53 to ₹56 each, with a minimum order quantity of 2000 shares.

Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Manglam Infra And Engineering IPO will open?

Manglam Infra And Engineering will open on July 24, 2024 for QIB, NII, and Retail Investors.

When Manglam Infra And Engineering IPO will end?

Manglam Infra And Engineering will end on July 26, 2024.

What is Manglam Infra And Engineering IPO Size?

Manglam Infra And Engineering IPO size is 27.62 Cr.

What is Manglam Infra And Engineering IPO Price Band?

Manglam Infra And Engineering price band is ₹53 to ₹56 per share.

What is the Manglam Infra And Engineering IPO Allotment Date?

Manglam Infra And Engineering allotment date is July 29, 2024.

What is the Manglam Infra And Engineering IPO Listing Date?

Manglam Infra And Engineering listing date is July 31, 2024. The IPO is to be listed on BSE and NSE.

How to Manglam Infra And Engineering IPO through Zerodha?

To apply for the IPO “Manglam Infra And Engineering” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Manglam Infra And Engineering IPO through Upstox?

To apply for the IPO “Manglam Infra And Engineering” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Manglam Infra And Engineering IPO Allotment Status?

For Manglam Infra And Engineering IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Manglam Infra And Engineering IPO GMP?

You can check out here: Manglam Infra And Engineering IPO GMP

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Article By: Ishika Agarwal
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An accomplished IPO analyst, providing valuable insights and expert commentary on the latest upcoming IPOs. With a keen interest in uncovering meaningful information, I offer comprehensive coverage of the most promising IPOs in the market.

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