Manglam Infra IPO

Manglam Infra & Engineering Ltd

₹1,06,000 /2000 sharesMinimum Investment

Manglam Infra IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
24 Jul ‘24 - 26 Jul ‘24₹1,06,0002,000₹53 - ₹56
Issue SizeIPO Doc
27.62Cr
RHP PDF

About Manglam Infra

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
Managing director
Mr. Ajay Verma
Parent organisation
Manglam Infra & Engineering Ltd

Strengths & Financials of Manglam Infra

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.

Manglam Infra Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Manglam Infra IPO

Apply asPrice bandApply Range
Regular53 - 56₹2 - 5 Lakh
High Networth Individual53 - 56₹2 - 5 Lakh
For Manglam Infra IPO, eligible investors can apply as Regular.