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Mangal Compusolution IPO
Mangal Compusolution Ltd
₹1,35,000 /3000 sharesMinimum investment
IPO details
Minimum investment
₹1,35,000
Price range
₹45 - ₹45
Lot size
3,000
Issue size
16.23 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
12 Nov 2024
IPO open date
14 Nov 2024
IPO close date
18 Nov 2024
Allotment date
18 Nov 2024
Funds unblock or debit
21 Nov 2024
Tentative listing date
About
Founded in
2011
MD/CEO
Mr Pathik Mukesh Desai
Parent organisation
Mangal Compusolution Ltd
Mangal Compusolution Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Mangal Compusolution claims to offer an extensive selection of IT equipment (for both rent and sale) from reputed brands like IBM, Dell, HP, Lenovo, Sony, Apple, and Toshiba. They create custom IT setups to meet specific client needs.
Mangal Compusolution states it provides standby equipment in case of equipment failure to ensure the client’s business continuity.
Mangal Compusolution has a well-diversified customer portfolio spread across multiple industries, such as financial services, healthcare, and media.
The company has seen a consistent increase in revenue from operations from Rs 17.21 crore in FY22 and Rs 17.48 crore in FY23 to Rs 20.89 crore in FY24.
Mangal Compusolution is involved in certain legal disputes and regulatory actions that could affect its financial standing and reputation. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
The company’s top 10 customers contributed Rs 3.07 crore (75.11%), Rs 14.46 crore (69.25%), Rs 10.27 crore (83.72%), and Rs 11.26 crore (65.45%) to revenue in Q1 FY25, FY24, FY23, and FY22, respectively. A failure to retain these clients or any major loss of business from them could negatively impact the company’s financial performance.
As of June 30, 2024, the company had outstanding financial indebtedness of Rs 18.63 crore. Any failure to service these loans could adversely impact the company's operations.
A significant portion of Mangal Compusolution’s revenue comes from clients in Maharashtra. Any adverse changes in the business environment of this region can negatively impact the company.
The company has reported negative cash flows in the past. A repeat of it in the future could be detrimental to the company’s business prospects.
The company is excessively dependent on Bharat Co-Operative Bank (Mumbai) Ltd for credit. The co-op bank has sanctioned the company term loans, working capital, and other funding lines. Any disruption in this arrangement can hurt the business prospects of the company.
Application details
For Mangal Compusolution IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹45 - ₹45 | ₹2 - ₹5 Lakhs | 3000 |
| High Networth Individual | ₹45 - ₹45 | ₹2 - ₹5 Lakhs | 3000 |