Manglam Infra And Engineering IPO will open for subscription from 24 July 2024. The company aims for an issue size of ₹27.62 Cr through this IPO.
Company Overview
| Full name | Manglam Infra And Engineering Limited |
| Sector | Other |
| Industry | Engineering Consultancy |
| Company Website | https://www.manglaminfra.com/ |
About Company
Incorporated in 2010, Manglam Infra & Engineering is an infrastructure consultancy firm specializing in project management services. Their core offerings include detailed project reports (DPRs), supervision and quality control (SQC), and operation & maintenance (O&M) for highways, roads, bridges, tunnels, and buildings/urban development projects.
The company has delivered services across states like Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana. They have completed 127 projects, with 116 done independently and 11 through joint ventures and MoUs with the central government. Currently, the company has 45 ongoing projects. Of these, 22 are undertaken separately, while 23 are through joint ventures and MoUs.
The company offers design, engineering, procurement, construction, and integrated project management services. As of 31 May 2024, the company employs 272 people, including 159 qualified engineers.
The Objectives of the Issue
- To meet the working capital requirements, and
- General corporate purposes;
Manglam Infra And Engineering IPO Timetable
| IPO Opening date | 24 July 2024 |
| IPO Closing | 26 July 2024 |
| Basis of Allotment | 29 July 2024 |
| Initiation Refund | 30 July 2024 |
| Credit to Demat Account | 30 July 2024 |
| Listing Date | 31 July 2024 |
Manglam Infra And Engineering IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹27.62 Cr – 4,932,000 shares |
| Fresh Issue | ₹27.62 Cr – 4,932,000 shares |
| Offer for sale | – |
| Face value | ₹10 per share |
| Price Band | ₹53 to ₹56 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 524,000 shares |
| Shareholding pre-issue | 12,664,700 |
| Shareholding post-issue | 17,596,700 |
| Listing Exchange | NSE SME |
Manglam Infra And Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹112,000 |
| Retail (Max) | 1 | 2000 | ₹112,000 |
| HNI (Min) | 2 | 4,000 | ₹224,000 |
Manglam Infra And Engineering Offer Documents
Manglam Infra And Engineering IPO Reservation Details
| 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%) |
Manglam Infra And Engineering Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 25.81 | 34.42 | 40.24 |
| Expenses | 22.14 | 27.08 | 31.22 |
| Net income | 3.33 | 5.54 | 6.76 |
Manglam Infra And Engineering Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 4.28 | 5.40 | 5.34 |
| PE ratio | – | – | 9.93 – 10.49 |
| RONW (%) | 53.46 | 61.42 | 49.44 |
| NAV | 10.00 | 10.00 | 13.50 |
| ROCE (%) | 54.04 | 67.04 | 44.95 |
| EBITDA (%) | 18.19 | 25.28 | 25.79 |
| Debt/Equity | 0.24 | 0.22 | 0.26 |
Company Promoters
- Yogendra Kumar Singh
- Ajay Verma
- Nisha Singh
- Seema Verma.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Manglam Infra And Engineering IPO GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 July 2024 | 48 | – | 69,500 |
| 29 July 2024 | 45 | – | 65,000 |
| 27 July 2024 | 45 | – | 65,000 |
| 26 July 2024 | 45 | – | 65,000 |
| 25 July 2024 | 45 | – | 65,000 |
| 24 July 2024 | 37 | – | 57,000 |
| 23 July 2024 | 27 | – | 45,000 |
| 22 July 2024 | 10 | – | 15,000 |
| 20 July 2024 | 10 | – | 15,000 |
Manglam Infra And Engineering IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 8,82,000 | 6,60,000 | 15,44,000 | 30,86,000 |
| 26 Jul 2024 | 163.04 | 757.53 | 371.72 | 394.59 |
| 25 Jul 2024 | 4.82 | 46.78 | 89.87 | 56.34 |
| 24 Jul 2024 | 0.91 | 10.56 | 25.66 | 15.36 |
Manglam Infra And Engineering IPO Allotment Status
Manglam Infra IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Manglam Infra And Engineering IPO Listing Details
| Listing Date | 31 July 2024 |
| BSE Scrip Code | |
| NSE Symbol | MIEL |
| ISIN | INE0R3101011 |
| Final Issue Price | ₹56 per share |
Manglam Infra And Engineering IPO Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹56.00 |
| Open | ₹106.40 |
| Low | ₹106.40 |
| High | ₹111.70 |
| Last Trade | ₹111.70 |
Manglam Infra And Engineering Lead Manager(s)
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone:022 4604 6494
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Manglam Infra And Engineering Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Manglam Infra And Engineering Contact Details
MANGLAM INFRA & ENGINEERING LIMITED
E-8/31, Area Colony, Near Bus Stop No.12,
Bhopal-462 039, Madhya Pradesh, India
Phone: +0755- 2569877/4289475
E-mail: cs@manglaminfra.com
Website: www.manglaminfra.com
Manglam Infra And Engineering IPO FAQs
What is the Manglam Infra offer size?
Manglam Infra offer size is ₹ 26.14 – 27.62 crores.
What is the Manglam Infra offer price band?
Manglam Infra public offer price is ₹ 53 – 56 per share.
What is the lot size of the Manglam Infra IPO?
Manglam Infra offer a lot size is 2,000 shares.
What is Manglam Infra IPO GMP today?
Manglam Infra IPO GMP today is ₹ 48 per share.
What is the Manglam Infra kostak rate today?
Manglam Infra kostak rate today is ₹ NA per application.
What is Manglam Infra Subject to the Sauda rate today?
Manglam Infra is Subject to the Sauda rate today is ₹ 69,500 per application.
Final thoughts
Manglam Infra And Engineering IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
