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13 May, 2025
Manglam Infra and Engineering Limited IPO
Manglam Infra and Engineering is an infrastructure consultancy company and its core business is providing project management consultancy services which include detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. They undertake various projects independently as well as through Joint ventures and MoUs with other players in this industry. Manglam with more than a decade of experience in this industry has successfully gained its presence in more than 10 states of India.
Manglam Infra And Engineering IPO is a book-built issue of Rs 27.62 crores. The issue is entirely a fresh issue of 49.32 lakh shares. Manglam Infra And Engineering IPO opens for subscription on July 24, 2024 and closes on July 26, 2024. Manglam Infra And Engineering IPO price band is set at ₹53 to ₹56 per share. The minimum lot size for an application is 2000 Shares. Unistone Capital Pvt Ltd is the book-running lead manager of the Manglam Infra And Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Mangalam Infra And Engineering IPO is Giriraj Stock Broking.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Manglam Infra and Engineering Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Manglam Infra and Engineering Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | July 24, 2024 to July 26, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Fresh Issue | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 12,664,700 |
| Shareholding post issue | 17,596,700 |
| Market Maker portion | 524,000 shares Giriraj Stock Broking |
Manglam Infra and Engineering Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, July 24, 2024 |
| IPO Close Date | Friday, July 26, 2024 |
| Basis of Allotment | Monday, July 29, 2024 |
| Initiation of Refunds | Tuesday, July 30, 2024 |
| Credit of Shares to Demat | Tuesday, July 30, 2024 |
| Listing Date | Wednesday, July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Manglam Infra and Engineering Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4000 | ₹224,000 |
Manglam Infra And Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Manglam Infra and Engineering Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | - |
Company & Financials
Incorporated in 2010, Manglam Infra and Engineering Limited is a company that helps manage infrastructure projects. They provide detailed project reports, supervise and control quality and handle operating and maintaining things like highways, bridges, tunnels and urban buildings. The company offers design, engineering, procurement, construction and integrated project management services. The company's services include DPR and feasibility studies, Operations & 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 Audit, Inspection of bridges & Roads. The company has provided services in states like Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana.
Competitive Strength:
- -
Manglam Infra and Engineering Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 3,318.23 | 4,050.79 | 676.41 | 1,710.20 | 447.31 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 2,104.13 | 3,478.14 | 554.16 | 1,025.95 | 225.91 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 1,673.32 | 2,678.36 | 332.96 | 778.69 | 186.91 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.44% |
| ROCE | 44.95% |
| Debt/Equity | 0.26 |
| RoNW | 49.44% |
| P/BV | 4.15 |
| PAT Margin (%) | 16.81 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.34 | 3.84 |
| P/E (x) | 10.49 | 14.57 |
Objectives of Manglam Infra And Engineering IPO
The company intend to utilize the proceeds of the issue to meet the following objectives:
- 1. To meet the working capital requirements
- 2. General corporate purposes
Manglam Infra and Engineering IPO Review
The company is in the business of providing consultancy and infra projects related to monitoring services. It marked steady growth in its top and bottom lines. It had an order book worth Rs. 78+ cr. as of May 31, 2024. It is poised for bright prospects considering the mega spending on infra by government bodies. Investors may park funds for the medium to long term in this reasonably priced offer.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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What is Manglam Infra and Engineering IPO?
Manglam Infra and Engineering IPO is an NSE SME IPO. They are going to raise ₹27.62 Crores via IPO. The issue is priced at ₹53 to ₹56 per equity share. The IPO is to be listed on NSE.
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When will Manglam Infra and Engineering IPO open?
The IPO is to open on July 24, 2024 for QIB, NII, and Retail Investors.
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What is Manglam Infra and Engineering IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Manglam Infra and Engineering IPO Size?
Manglam Infra and Engineering IPO size is ₹27.62 crores.
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What is Manglam Infra and Engineering IPO Price Band?
Manglam Infra and Engineering IPO Price Band is ₹53 to ₹56 per equity share.
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What is Manglam Infra and Engineering IPO Minimum and Maximum Lot Size?
The IPO bid is 2000 shares with ₹112,000.
