Manglam Infra and Engineering IPO is set to launch on July 24, 2024, and will close on July 26, 2024. The IPO aims to raise ₹27.62 crores with a price band fixed at ₹53 to ₹56 per share. The minimum market lot is 2000 shares. the GMP is trading at a ₹45.
Manglam Infra and Engineering Company Profile
Manglam Infra and Engineering specializes in infrastructure consultancy. Their services include project management, detailed project reports (DPRs), supervision and quality control (SQC), and operation & maintenance (O&M) for highways, bridges, tunnels, and urban development projects. They operate independently and through joint ventures, serving various state governments across India.
IPO Objectives
The IPO aims to:
- Meet working capital requirements.
- Support general corporate purposes.
Manglam Infra and Engineering IPO Key Dates
- IPO Open Date: July 24, 2024
- IPO Close Date: July 26, 2024
- Basis of Allotment: July 29, 2024
- Refunds: July 30, 2024
- Credit to Demat Account: July 30, 2024
- IPO Listing Date: July 31, 2024
Financial Performance
Yearly Financials (in ₹ Crores):
- 2022: Revenue – ₹26.78, Expense – ₹22.14, PAT – ₹3.33
- 2023: Revenue – ₹34.78, Expense – ₹27.08, PAT – ₹5.54
- 2024: Revenue – ₹40.51, Expense – ₹31.22, PAT – ₹6.76
IPO Price Band and Market Lot
- IPO Price Band: ₹53 to ₹56 per equity share
- Market Lot: 2000 shares
- Application Amount: ₹112,000
Valuation Metrics
- Earning Per Share (EPS): ₹5.34 per Equity Share
- Return on Net Worth (RoNW): 49.44%
- Net Asset Value (NAV): ₹13.50 per Equity Share
How to Apply for Manglam Infra and Engineering IPO
ASBA Method
- Online Banking: Log in to your bank account and apply through the ASBA section.
- Offline Forms: Download forms from the NSE website, fill them out, and submit them to your bank or broker.
Through Stock Brokers
- Zerodha: Log in to Console, go to Portfolio > IPO, select “Manglam Infra and Engineering,” and follow the prompts.
- Upstox: Log in, select the IPO, and complete the application.
- Paytm Money: Log in, select the IPO, and confirm your application.
Peer Comparison
- Rudrabhishek Enterprises Limited
Company Promoters
- Yogendra Kumar Singh
- Ajay Verma
- Nisha Singh
- Seema Verma
Registrar Information
Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: Bigshare Online
Allotment Status
Check the allotment status on the Bigshare website.
Merchant Bankers
Unistone Capital Pvt Ltd
Company Address
Manglam Infra And Engineering Limited
- Address: H.NO.46, Nikhil Nestles Jatkhedi, Hoshangabad Road, University (Bhopal) Huzur, Bhopal – 462026
- Phone: +0755 4289475
- Email: cs@manglaminfra.com
- Website: Manglam Infra
FAQs
What is Manglam Infra and Engineering IPO?
The IPO is an NSE SME IPO aiming to raise ₹27.62 crores, priced at ₹53 to ₹56 per equity share.
When will the IPO open?
The IPO will open on July 24, 2024, for all investors.
Investor Quotas:
- QIB: 50%
- NII: 15%
- Retail: 35%
How to Apply?
Apply online via ASBA or UPI through your bank or stock broker.
Key Dates:
- IPO Open Date: July 24, 2024
- IPO Close Date: July 26, 2024
- Allotment Date: July 29, 2024
- Listing Date: July 31, 2024