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Mangal Compusolution IPO Opens Tomorrow! Check out the details of this computer hardware rental services company!

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Synopsis:

Mangal Compusolution's SME IPO, opening November 12, targets Rs 16.23 crore through a fresh issue of 36.06 lakh shares at Rs 45 each. The company focuses on IT hardware rentals and sales, primarily in Maharashtra.

Mangal Compusolution IPO news today

Mumbai-based Mangal Compusolution, a leading provider of IT hardware rental and sales solutions, is set to launch its initial public offering (IPO) on November 12. Priced at Rs 45 per share, the IPO aims to raise Rs 16.23 crore through a fresh issue of 36.06 lakh shares, with no offer-for-sale component. This IPO is the third from the SME segment this month, following Neelam Linens and Garments and Rosmerta Digital Services. The subscription period for the IPO will close on November 14, and shares are scheduled to commence trading on the BSE SME platform on November 20.

Check Out Mangal Compusolution IPO Details

Also read: ITI Emerges Lowest Bidder in BharatNet Phase-3 Project with ₹4,559 Crore Orders

Key Takeaways

  • IPO Details: Issue price of Rs 45 per share; raising Rs 16.23 crore.

  • IPO Dates: Opens on November 12, closes on November 14.

  • Trading Commencement: Expected on BSE SME from November 20.

  • Mangal Compusolution Share Price Outlook: Initial pricing at Rs 45 per share.

Also read: SpiceJet to Launch Seaplane Operations Across India in 2025

Allocation And Utilisation Of Funds

Mangal Compusolution plans to allocate Rs 12.96 crore from the IPO proceeds for capital expenditure, primarily to expand its IT hardware capabilities. Additionally, Rs 1.94 crore will be earmarked for general corporate purposes, supporting overall business growth and operational requirements. Half of the issue is reserved for retail investors, with the remaining portion allocated for institutional and non-institutional investors. Jawa Capital Services serves as the sole book-running lead manager for the IPO, with Kfin Technologies acting as the registrar.

Also read: DCX Systems Secures ₹460.3 Crore Order from Lockheed Martin

Mangal Compusolution IPO Summary

Details

Information

IPO Open Date

November 12

IPO Close Date

November 14

Issue Price

Rs 45 per share

Shares Offered

36.06 lakh

Funds Raised

Rs 16.23 crore

Primary Use of Proceeds

Capital Expenditure

Trading Start Date

November 20

Lead Manager

Jawa Capital Services

Registrar

Kfin Technologies

Also read: GR Infra Wins ₹867.54 Crore Bid for BSNL BharatNet Phase 3 Project

Focus On IT Hardware And Regional Reach

Mangal Compusolution specialises in renting and selling IT hardware, providing end-to-end equipment solutions. Its business is concentrated in Maharashtra, which contributes approximately 96.87% of its total revenue. Known for customised IT configurations tailored to client needs, the company’s regional focus and comprehensive service offerings have been its main revenue drivers.

Also read: Gift Nifty Indicates A Soft Start For Indian Markets Today

Mangal Compusolution Share Price Potential

With an initial issue price set at Rs 45 per share, the Mangal Compusolution share price is expected to attract interest in the SME segment, reflecting the company’s strong foothold in the IT hardware rental market. This IPO marks a strategic move in the company’s growth, with proceeds aimed at enhancing its operational capabilities.

The Mangal Compusolution IPO presents a growth opportunity for the hardware rental provider as it prepares to list on the BSE SME platform. With its focus on IT hardware and customisation expertise, the company aims to use the raised funds to expand its services, potentially impacting the Mangal Compusolution IPO in the market. 

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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