Manglam Infra & Engineering Ltd

Manglam Infra IPO

Manglam Infra & Engineering Ltd

₹1,06,000 /2000 sharesMinimum investment

IPO details

Minimum investment
₹1,06,000
Price range
₹53 - ₹56
Lot size
2,000
Issue size
27.62 Cr
Face value
10
IPO document

Subscription rate

Data will be available soon

Schedule

24 Jul 2024
IPO open date
26 Jul 2024
IPO close date
29 Jul 2024
Allotment date
29 Jul 2024
Funds unblock or debit
31 Jul 2024
Tentative listing date

About

Manglam Infra and Engineering provides project management consulting services within the infrastructure sector. Their offerings cover detailed project reports (DPRs), supervision and quality control (SQC), as well as operations and maintenance (O&M) for different projects, including highways, roads, bridges, tunnels, and urban development. The company executes projects both independently and in collaboration with industry partners through joint ventures and Memorandums of Understanding (MoUs). Manglam Infra and Engineering has undertaken projects floated by various state governments, including those of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana, as well as the central government. To date, the company has completed 127 projects, of which 116 were handled independently and 11 through collaborative efforts.;
Founded in
2010
MD/CEO
Mr. Ajay Verma
Parent organisation
Manglam Infra & Engineering Ltd

Manglam Infra Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
25.8134.4240.24202220232024

Strengths & Risks

Strengths
Risks
As of May 31, 2024, Manglam Infra and Engineering’s order book stood at Rs 78.91 crore. However, this figure represents anticipated revenues from the unexecuted portions of existing contracts, including those for which all entry conditions have been met and client acceptances received.
Manglam Infra’s revenue from operations and profit after tax (PAT) have been rising consistently over the years. The former rose from Rs 25.81 crore in FY22 to Rs 34.42 crore in FY23 to Rs 40.24 crore in FY24, and the latter from Rs 3.33 crore in FY22 to Rs 5.54 crore in FY23 to Rs 6.76 crore in FY24.
Manglam Infra and Engineering is managing 45 ongoing projects. Of these, 22 are independent projects, while 23 are conducted through joint ventures and Memorandums of Understanding (MoUs).
The company has been in existence since 2010, making it relatively comfortable for investors to study its past performance with a view to assessing its future prospects.
Manglam Infra and Engineering relies heavily on securing tenders from government bodies for its infrastructure consulting business. Any failure to bag new projects from these entities could negatively impact the company's business.
A significant portion of the company’s revenue from operations came from clients in Madhya Pradesh. For FY24, FY23, and FY22, revenue from these clients accounted for 41.87%, 39.07%, and 29.55% of total revenues. This concentration in a single geographical location could hurt the company in the event of any adverse developments in the state.
Manglam Infra is involved in several legal proceedings. Any unfavourable judgments in these cases could affect the company's business operations.
As of March 31, 2024, the company has long-term borrowings worth Rs 1.39 crore and short-term borrowings worth Rs 3.08 crore. Any inability to service or return these borrowings in time could adversely affect the company’s operations.

Application details

For Manglam Infra IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹53 - ₹56₹2 - ₹5 Lakhs2000
High Networth Individual₹53 - ₹56₹2 - ₹5 Lakhs2000

Frequently Asked Questions