Mangal Compusolution
IPO Timeline
Issue open date
12 Nov 2024Issue close date
14 Nov 2024UPI mandate deadline
14 Nov 2024Allotment finalization
18 Nov 2024Refund initiation
19 Nov 2024Share credit
19 Nov 2024Listing date
20 Nov 2024Mandate end date
29 Nov 2024Lock-in end date for anchor investors (50%)
3 Dec 2024Lock-in end date for anchor investors (remaining)
16 Feb 2025Key Dates
Quick Stats
About the Company
Mangal Compusolution Limited, incorporated initially as Pathik Computer Systems Private Limited in 2011, transitioned from a private to a public limited company in 2023. Specialising in IT hardware solutions, the company focuses on renting and selling IT equipment, serving industries across India, with Maharashtra as its primary revenue region (96.87% as of June 2024). Mangal Compusolution offers rental flexibility, on-site support, maintenance, and scalable IT solutions to businesses, enhancing CAPEX savings and addressing technological obsolescence. It provides pre-configured, brand-compliant equipment, including desktops, laptops, and projectors from brands like IBM, Dell, and HP, as well as recycled and energy-efficient options. Additionally, used IT hardware sales represent a small yet growing segment, with sales figures of 14.85% in FY 2023 and 6.92% in FY 2022. Led by experienced promoters and a skilled team, the company remains committed to meeting clients’ evolving tech needs with reliable, secure, and eco-friendly solutions.
Strengths
- Wide range of high-quality IT hardware from top brands tailored to client needs.
- Quick solutions to reduce clients’ turnaround time, ensuring smooth operations.
- Customer-focused customization aligned with each client’s unique objectives.
- 24/7 support for uninterrupted IT infrastructure and swift issue resolution.
- Standby equipment is provided to minimize downtime and ensure efficiency.
- Flexible rental durations from 1 to 365 days, accommodating diverse project timelines
Risks
- Pending litigations could lead to liabilities or harm reputation and finances.
- Intense competition in a low-entry-barrier market could limit growth.
- Dependence on top suppliers risks supply chain disruptions.
- Negative cash flows from investments may impact growth potential.
- Rising maintenance costs or poor service could weaken customer loyalty.
- Increased debt could strain finances and reduce flexibility.
Mangal Compusolution IPO – Frequently Asked Questions
- The price band for the Mangal Compusolution IPO is set at ₹45 to ₹45 per share.
- The Mangal Compusolution IPO opens on November 12, 2024 and closes on November 14, 2024.
- The tentative listing date for the Mangal Compusolution IPO is November 20, 2024.
- You can apply for the Mangal Compusolution IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Mangal Compusolution, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Mangal Compusolution IPO is 3000 shares. Investors must apply for at least one lot (i.e., 3000 shares).