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Mangal Compusolution IPO
Price Band
₹
Issue Size
₹16.23 Cr
Lot Size
3,000 shares
Min Investment
₹135,000
GMP
+₹2.0 (4.44%)
Issue Price
₹45.0
Subject to Sauda
₹4600
Paid only if allotted
Mangal Compusolution IPO AI Summary
- Mangal Compusolution IPO is listed on BSE SME in the Diversified Commercial Services sector.
- Subscription window: 12 Nov–14 Nov 2024, listing on 21 Nov 2024.
- Current GMP is +₹2.0 (4.44%) — unofficial and can change daily.
Mangal Compusolution Limited offers a diverse range of IT hardware rental solutions. Despite a strong product offering and customer service, the company has faced declining revenue and profit trends in recent periods. Investors should carefully consider these factors, along with the IPO's pricing and market conditions, before making investment decisions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Mangal Compusolution IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 14 Nov 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Mangal Compusolution IPO Grey Market Premium (GMP) Today
GMP
+₹2.0
GMP %
+4.44%
Est. Listing
₹47.0
Updated: 25 Jul 2026 14:03
About the Company
Incorporated in April 2011, Mangal Compusolution Limited provides hardware rental solutions to fulfill the needs of businesses across various industries. The company rents IT hardware and offers comprehensive end-to-end IT equipment. It rents diverse IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories. Mangal Compusolution provides small and large enterprises with customizable IT hardware products, including laptops, desktops, servers, and other equipment, to meet clients' specific requirements. The company's major clients are concentrated in Maharastra, though it provides services in all of India. The company's business can be divided into the following categories Rental Income from lease of IT Equipment i.e., Computers & Peripherals Sale of IT Equipment, and IT Equipment Maintenance Service Fees Competitive Strength: Huge variety of products to offer, including HP, Dell, Lenovo, and more. Customer-Centric Approach 24/7 dedicated support team and service availability. Zero downtime by keeping stock of extra equipment to replace faulty system. As of September 30, 2024, the company has 24 full-time employees and five directors, including one Managing Director, one Executive Director, one Non-Executive Director, and three Independent Directors.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 44.92 | 45.52 | 47.16 | 52.67 |
| Total Income | 4.53 | 23.44 | 34.83 | 18.49 |
| Profit After Tax | 0.81 | 3.86 | 7.04 | 0.87 |
| NET Worth | 20.81 | 20.00 | 16.14 | 9.10 |
| Reserves and Surplus | 10.81 | 10.00 | 14.14 | 7.10 |
| Total Borrowing | 18.63 | 20.41 | 26.52 | 34.34 |
Key Ratios
EPS
₹3.86
NAV
₹20.81
ROE
3.97%
ROCE
2.05%
RoNW
15.56%
P/B Value
2.16
P/E Ratio
11.66
Market Cap
₹61.23 Cr
PAT Margin
19.82%
Debt/Equity
0.90
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Silicon Rental Solutions Ltd | 61.14 | 20.54% | 20.22 | 12.56 | 12.56 |
| Mangal Compusolution Limited This IPO | 19.99 | 15.56% | 11.66 | 3.86 | 3.86 |
Promoters
Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mukesh Khandubhai Desai and Binny Pathik
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure 12.96 2 General corporate purposes 1.94
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹18.49 Cr in the year ending 31 Mar 2022, rising to ₹34.83 Cr by 31 Mar 2023. However, it decreased to ₹23.44 Cr in the year ending 31 Mar 2024, and further dropped to ₹4.53 Cr as of 30 Jun 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.87 Cr in the year ending 31 Mar 2022, increasing significantly to ₹7.04 Cr by 31 Mar 2023. It then fell to ₹3.86 Cr in the year ending 31 Mar 2024, and further decreased to ₹0.81 Cr as of 30 Jun 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at a P/E ratio of 11.66 at the issue price, compared to peers trading at a P/E range of 20.22.
Key Risks
Investors should consider the company's declining revenue trend and the competitive landscape within the diversified commercial services sector, which may impact future performance.
Grey Market Premium, Explained
The grey market premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before its official listing. A positive GMP suggests that the market anticipates a higher listing price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's essential to consider the company's financial health and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies with consistent revenue growth may want to avoid this IPO, especially given the recent decline in revenue and profit figures.
IPO Timeline, Explained
The IPO opens for subscription on November 12, 2024, and closes on November 14, 2024. Allotment of shares will be done by November 18, 2024, with the listing date set for November 21, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP may suggest potential for gains, market conditions and investor sentiment on the listing day can significantly affect the actual performance of the stock.
This evaluation is generated from Mangal Compusolution's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Mangal Compusolution IPO GMP today?
Mangal Compusolution IPO GMP today is +₹2.0 (4.44%). GMP is an unofficial grey-market indicator and can change daily.
When does Mangal Compusolution IPO open and close?
Mangal Compusolution IPO opens on 12 November 2024 and closes on 14 November 2024.
When does Mangal Compusolution IPO list on the stock exchange?
Mangal Compusolution IPO listed on 21 November 2024 at ₹47.0.
What is the lot size for Mangal Compusolution IPO?
The lot size for Mangal Compusolution IPO is 3000 shares, requiring a minimum investment of ₹135,000.
What is the lot size for this IPO?
The lot size for Mangal Compusolution's IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹135,000.
What is the issue price of the shares?
The issue price is ₹45.0 per share.
When is the listing date for the shares?
The listing date is November 21, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Nov 2024
Close
14 Nov 2024
Allotment
18 Nov 2024
Listing
21 Nov 2024
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