Manglam Infra and Engineering Limited IPO Detail
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 the operation and maintenance of 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. In total, they have completed 127 projects. Out of these, 116 projects were done independently, and 11 projects were completed through joint ventures and MoUs with the central government.
As of May 31, 2024, the company has 272 employees out of which 159 are qualified engineers.
Company Promoters
The Promoters of the Company, are Yogendra Kumar Singh, Ajay Verma, Nisha Singh and Seema Verma.IPO Details
| IPO Opening Date | Jul 24, 2024 |
| IPO Closing Date | Jul 26, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹53 - 56 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹27.62 Cr |
| Fresh Issue | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.91x | 0.00x | 0.00x | 10.66x | 26.53x | 15.81x |
| Day 2 | 4.82x | 0.00x | 0.00x | 46.38x | 91.49x | 57.07x |
| Day 3 | 163.04x | 0.00x | 0.00x | 756.73x | 371.72x | 394.42x |
IPO Tentative Timetable
The Manglam Infra and Engineering Limited IPO open date is Jul 24, 2024, and the close date is Jul 26, 2024. The issue may list on Jul 31, 2024.
| IPO Open Date | Jul 24, 2024 |
| IPO Close Date | Jul 26, 2024 |
| Basis of Allotment Date | Jul 29, 2024 |
| Initiation of Refunds | Jul 30, 2024 |
| Credit of Shares to Demat Account | Jul 30, 2024 |
| IPO Listing Date | Jul 31, 2024 |
IPO Lot Size
The Manglam Infra and Engineering Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹112000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹112000 |
| Maximum | 1 | 2000 | ₹112000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-24 | 3318.23 | 4050.79 | 676.41 |
| 31-Mar-23 | 2104.13 | 3478.14 | 554.16 |
| 31-Mar-22 | 1673.32 | 2678.36 | 332.96 |
Objects of the Issue:
The company intend to utilize the proceeds of the issue to meet the following objectives:
- To meet the working capital requirements, and
- General corporate purposes;
Manglam Infra and Engineering Limited IPO Registrar:
Bigshare Services Pvt Ltd
Manglam Infra and Engineering Limited IPO Lead Manager(s):
Unistone Capital Pvt Ltd
Company Contact Information:
Manglam Infra and Engineering Limited
H.NO.46, Nikhil Nestles Jatkhedi Hoshangabad Road, University (Bhopal) Huzur
Bhopal
Bhopal
