Mangalam Infra and Engineering Limited, a Bhopal-based infrastructure consultancy company, provides project management consulting services for the design and construction of roads, highways, bridges and other infrastructure projects. Mangalam Infra will open its initial public offerings (IPO) on Wednesday, July 24, 2024. The Mangalam Infra IPO offer will stay open until July 26, 2024. The company plans to raise Rs 27.62 crore through a public issue. The IPO issue size is ₹27.62 crore for 49.32 lakh shares. Find out all the details about the IPO, including dates, price bands, company financials, GMP, and more.
Table of Contents
Overview of Mangalam Infra
Mangalam Infra and Engineering Limited is an infrastructure consulting company; earlier, it was known as Mangalam Associates. The company was established as a partnership firm on February 17, 2010. On July 20, 2023, it converted itself into a public limited company. The Managing director of the company is Ajay Verma.
Mangalam Infra and Engineering Limited managing 45 on-going projects
Mangalam Infra and Engineering IPO Details (Offer closed)
| IPO Date | July 24, 2024, to July 26, 2024 |
| Listing Date | Thursday, July 31, 2024 |
| Subscription Rate | 394.14x |
| Face Value | ₹10 |
| Price Band | ₹53 to ₹56 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 49,32,000 shares (aggregating up to ₹27.62 Cr) |
| Fresh Issue | 49,32,000 shares (aggregating up to ₹27.62 Cr) |
| Issue Type | Book-Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,26,64,700 |
| Share holding post issue | 1,76,96,700 |
Mangalam Infra & Engineering IPO GMP Today
Malangalm Infra & Engineering IPO listed at ₹106.
On its first day of offering, the Mangalam Infra and Engineering IPO’s subscription rate reached about 15.37 times. However, by the second day, the overall subscription rate had just increased to 26.92 times. By the end of the IPO, it had surged to a high subscription rate; the overall subscription ended at 394.14 times. That reflects the higher interest of investors in the IPO. It suggests the listing price of the share will increase by 30% to 40%. The last updated Grey Market Premium (GMP) for the Mangalam Infra & Engineering Limited IPO is ₹22. The estimated listing price for the IPO is between ₹53 and ₹56 per share, combining the cap price with today’s GMP. The following table displays the trend of the Mangalam Infra IPO’s GMP over the past few days.
The expected listing share price range of Mangalam Infra & Engineering Ltd.’s IPO is ₹100-₹130
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| GMP Date | IPO Price | GMP Price |
| July 31, 2024 | ₹53-₹56 | ₹51 |
| July 30, 2024 | ₹53-₹56 | ₹25 |
| July 29, 2024 | ₹53-₹56 | ₹24 |
| July 28, 2024 | ₹53-₹56 | ₹22 |
| July 27, 2024 | ₹53-₹56 | ₹20 |
| July 26, 2024 | ₹53-₹56 | ₹10 |
| July 25, 2024 | ₹53-₹56 | ₹25-₹35 |
| July 24, 2024 | ₹53-₹56 | ₹30-₹40 |
| July 23, 2024 | ₹53-₹56 | n/a |
Mangalam Infra IPO: Important Dates
All the important dates regarding this IPO are mentioned below. Mark them on your calendar so you don’t miss any events. Mangalam Infra’s IPO opening date is Wednesday, July 24, 2024 & offer will open until July 26, 2024.
| IPO Opening date | July 24, 2024 |
| IPO Closing date | July 26, 2024 |
| Basis of Allotment | July 29, 2024 |
| Initiation of Refunds | July 30, 2024 |
| The credit of Shares to Demat account | July 30, 2024 |
| Listing Date | July 31, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 26, 2024 |
Mangalam Infra and Engineering Ltd IPO Lot Size & Investor Type
It allows the investors to offer a minimum of 2000 shares and in lots of such shares. The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹1,06,000 |
| Retail (Max) | 1 | 2000 | ₹1,12,000 |
| HNI (Min) | 2 | 4,000 | ₹2,12,000 |
| HNI (Max) | 4 | 8000 | ₹4,48,000 |
Manglam Infra And Engineering IPO Quota
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,322,000 (26.80%) |
| Market Maker Shares Offered | 524,000 (10.62%) |
| QIB Shares Offered | 882,000 (17.88%) |
| NII (HNI) Shares Offered | 660,000 (13.38%) |
| Retail Shares Offered | 1,544,000 (31.31%) |
| Total Shares Offered | 4,932,000 (100%) |
Financial: Cashflow & Income Statement of Manglam Infra and Engineering Ltd
| Particulars | FY24 | FY23 |
| Net Revenues | ₹40.24 crore | ₹34.42 crore |
| Sales Growth | 16.92% | 33.35% |
| Net income | ₹ 6.76 crore | ₹5.54 crore |
| PAT Margins | 16.81% | 16.10% |
| Total Equity | ₹17.10 crore | ₹10.26 crore |
| Total Assets | ₹33.18 crore | ₹21.04 crore |
| Return on Equity | 39.55% | 54.01% |
| Return on Assets | 20.38% | 26.34% |
| Asset Turnover Ratio | 1.21 times | 1.64 times |
| Earnings per share | ₹5.34 | ₹5.40 |
Details of the Mangalam Infra IPO for The Public
Here are the IPO’s key details for the public.
| Type | Size of the fresh issue | total size of the offer for sale |
| Fresh Issue and Offer for Sale | 49,32,000 shares (aggregating up to ₹27.62 Cr) | ₹27.62 Cr |
Mangalam Infra & Engineering Limited Contact Details
Railway Colony, E8, Arera Colony, Bhopal, Madhya Pradesh, 462039
Phone: +91-7552569877
Email: [email protected]
Website: manglaminfra.com
FAQs
1. What is the Mangalam Infra IPO’s GMP Price?
Today’s GMP price range for Mangalam Infra IPO is between ₹25 to ₹35.
2. When is the listing date for the Mangalam Infra & Engineering IPO?
Mangalam Infra and Engineering IPO’s listing date is July 31, 2024.
3. When is the allotment date for Mangalam Infra IPO’s?
The allotment date of the IPO is July 29, 2024.
4. When will the IPO offering date be closed?
Mangalam Infra pre-offering will close on July 26, 2024.
Conclusion
Mangalam Infra and Engineering’s IPO has all the advantages of a good investment opportunity, which indicate a good market position, good financials and prospects for growth. However, investors should beware of related risks while also conducting adequate research before investing. Like any IPO, some factors that investors should consider before investing are usually related to the company’s performance, industry, and financial stability.
To get more information and regular updates about the Mangalam Infra Engineering Ltd. IPO, keep in touch with The Invest Advisory.