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Manglam Infra And IPO
Price Band
₹53.0–56.0
Issue Size
₹27.62 Cr
Lot Size
2,000 shares
Min Investment
₹112,000
GMP
+₹52.0 (92.86%)
Issue Price
₹56.0
Subject to Sauda
₹79000
Paid only if allotted
Manglam Infra And IPO AI Summary
- Manglam Infra And IPO is listed on NSE SME in the Consulting Services sector.
- Price band: ₹53.0–₹56.0 per share, lot size 2,000 shares (min. investment ₹112,000).
- Subscription window: 24 Jul–26 Jul 2024, listing on 31 Jul 2024.
- Current GMP is +₹52.0 (92.86%), an estimated listing price of ₹108 — unofficial and can change daily.
Manglam Infra and Engineering Limited is set to launch its IPO with a price band of ₹53.0 to ₹56.0. The company has shown strong revenue and profit growth over the last three years, making it a notable player in the infrastructure consulting sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Manglam Infra And IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Jul 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
Manglam Infra And IPO Grey Market Premium (GMP) Today
GMP
+₹52.0
GMP %
+92.86%
Est. Listing
₹108.0
Updated: 25 Jul 2026 14:05
About the Company
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 Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 33.18 | 21.04 | 16.73 |
| Total Income | 40.51 | 34.78 | 26.78 |
| Profit After Tax | 6.76 | 5.54 | 3.33 |
| NET Worth | 17.10 | 10.26 | 7.79 |
| Reserves and Surplus | 4.44 | ||
| Total Borrowing | 4.47 | 2.26 | 1.87 |
Key Ratios
EPS
₹5.34
NAV
₹13.50
ROE
49.44%
ROCE
44.95%
RoNW
49.44%
P/B Value
4.15
P/E Ratio
10.49
Market Cap
₹98.54 Cr
PAT Margin
16.81%
Debt/Equity
0.26
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Rudrabhishek Enterprises Limited | 70.38 | 28.25% | 23.13 | 8.1 | 7.85 |
| Manglam Infra and Engineering Limited This IPO | 13.5 | 49.44% | — | 5.34 | 5.34 |
Promoters
Yogendra Kumar Singh, Ajay Verma, Nisha Singh and Seema Verma
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 To meet the working capital requirements, and 19.35 2 General corporate purposes 4.97
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹26.78 Cr in the year ending 31 Mar 2022, rising to ₹34.78 Cr by 31 Mar 2023, and further increasing to ₹40.51 Cr by 31 Mar 2024. This shows a consistent growth in revenue over the three periods.
Profit Trend
Profit after tax was ₹3.33 Cr in the year ending 31 Mar 2022, increasing to ₹5.54 Cr by 31 Mar 2023, and further rising to ₹6.76 Cr by 31 Mar 2024. This indicates a positive trend in profitability across the reported periods.
Valuation
At the issue price of ₹56.0, Manglam Infra and Engineering Limited has an implied P/E ratio of 10.49, compared to peers trading at a P/E of 23.13.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A positive GMP suggests that the market expects the stock to perform well on its listing day.
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 important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable, low-risk investments might consider avoiding this IPO, as infrastructure projects can be subject to delays and regulatory challenges, which may impact financial performance.
IPO Timeline, Explained
The IPO opens for subscription on July 24, 2024, and closes on July 26, 2024. Allotment of shares will be done on July 29, 2024, and the shares are expected to be listed on July 31, 2024.
Listing Gains — The Risk
While listing gains can be attractive, they are not guaranteed. The stock price on the listing day can be influenced by market sentiment, demand, and overall market conditions. Investors should be prepared for potential volatility.
This evaluation is generated from Manglam Infra And'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 Manglam Infra And IPO GMP today?
Manglam Infra And IPO GMP today is +₹52.0 (92.86%), indicating an estimated listing price of ₹108. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Manglam Infra And IPO?
The price band of Manglam Infra And IPO is ₹53.0–₹56.0 per share.
When does Manglam Infra And IPO open and close?
Manglam Infra And IPO opens on 24 July 2024 and closes on 26 July 2024.
When does Manglam Infra And IPO list on the stock exchange?
Manglam Infra And IPO listed on 31 July 2024 at ₹108.0.
What is the lot size for Manglam Infra And IPO?
The lot size for Manglam Infra And IPO is 2000 shares, requiring a minimum investment of ₹112,000.
What is the price band for the IPO?
The price band for the IPO is ₹53.0 to ₹56.0.
What is the minimum investment required?
The minimum investment required is ₹112,000, which corresponds to a lot size of 2000 shares.
When is the IPO expected to be listed?
The IPO is expected to be listed on July 31, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the stock on its listing day compared to its issue price.
What is the allotment date for the IPO?
The allotment date for the IPO is July 29, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jul 2024
Close
26 Jul 2024
Allotment
29 Jul 2024
Listing
31 Jul 2024
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