Admin
22 July 2024

Manglam Infra and Engineering Limited IPO

Manglam Infra and Engineering is an infrastructure consultancy company and its core business is providing project management consultancy services which include detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. They undertake various projects independently as well as through Joint ventures and MoUs with other players in this industry. Manglam with more than a decade of experience in this industry has successfully gained its presence in more than 10 states of India.

Manglam Infra And Engineering IPO is a book-built issue of Rs 27.62 crores. The issue is entirely a fresh issue of 49.32 lakh shares. Manglam Infra And Engineering IPO opens for subscription on July 24, 2024 and closes on July 26, 2024. Manglam Infra And Engineering IPO price band is set at ₹53 to ₹56 per share. The minimum lot size for an application is 2000 Shares. Unistone Capital Pvt Ltd is the book-running lead manager of the Manglam Infra And Engineering IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Mangalam Infra And Engineering IPO is Giriraj Stock Broking.

Manglam Infra And Engineering IPO Overview

Detail	Description
IPO Date	July 24, 2024 to July 26, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹53 to ₹56 per share
Lot Size	2000 Shares
Total Issue Size	4,932,000 shares (aggregating up to ₹27.62 Cr)
Fresh Issue	4,932,000 shares (aggregating up to ₹27.62 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre issue	12,664,700
Shareholding post issue	17,596,700
Market Maker portion	524,000 shares Giriraj Stock Broking

Manglam Infra And Engineering IPO Timeline (Tentative Schedule)

Detail	Description
IPO Open Date	Wednesday, July 24, 2024
IPO Close Date	Friday, July 26, 2024
Basis of Allotment	Monday, July 29, 2024
Initiation of Refunds	Tuesday, July 30, 2024
Credit of Shares to Demat	Tuesday, July 30, 2024
Listing Date	Wednesday, July 31, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 26, 2024

Manglam Infra And Engineering IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹112,000
Retail (Max)	1	2000	₹112,000
HNI (Min)	2	4,000	₹224,000

Manglam Infra And Engineering IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Manglam Infra And Engineering IPO Promoter Holding

Share Holding Pre Issue	100.00%
Share Holding Post Issue

Company & Financials

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 operating and maintaining 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.

Manglam Infra and Engineering Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,318.23	2,104.13	1,673.32
Revenue	4,050.79	3,478.14	2,678.36
Profit After Tax	676.41	554.16	332.96
Net Worth	1,710.20	1,025.95	778.69
Reserves and Surplus	443.73
Total Borrowing	447.31	225.91	186.91
Amount in ₹ Lakhs

Key Performance Indicator

KPI	Values
ROE	49.44%
ROCE	44.95%
Debt/Equity	0.26
RoNW	49.44%
P/BV	4.15
PAT Margin (%)	16.81

	Pre IPO	Post IPO
EPS (Rs)	5.34	3.84
P/E (x)	10.49	14.57

Objectives of Manglam Infra And Engineering IPO

The company intend to utilize the proceeds of the issue to meet the following objectives:

1. To meet the working capital requirements
2. General corporate purposes

Manglam Infra and Engineering IPO Review

The company is in the business of providing consultancy and infra projects related to monitoring services. It marked steady growth in its top and bottom lines. It had an order book worth Rs. 78+ cr. as of May 31, 2024. It is poised for bright prospects considering the mega spending on infra by government bodies. Investors may park funds for the medium to long term in this reasonably priced offer.

FAQs for Manglam Infra and Engineering IPO

What is Manglam Infra and Engineering IPO?

Manglam Infra and Engineering IPO is an NSE SME IPO. They are going to raise ₹27.62 Crores via IPO. The issue is priced at ₹53 to ₹56 per equity share. The IPO is to be listed on NSE.
When will Manglam Infra and Engineering IPO open?

The IPO is to open on July 24, 2024 for QIB, NII, and Retail Investors.
What is Manglam Infra and Engineering IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Manglam Infra and Engineering IPO Size?

Manglam Infra and Engineering IPO size is ₹27.62 crores.
What is Manglam Infra and Engineering IPO Price Band?

Manglam Infra and Engineering IPO Price Band is ₹53 to ₹56 per equity share.
What is Manglam Infra and Engineering IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹112,000.
What is the Manglam Infra and Engineering IPO Allotment Date?

Manglam Infra and Engineering IPO allotment date is July 29, 2024.
What is the Manglam Infra and Engineering IPO Listing Date?

Manglam Infra and Engineering IPO listing date is July 31, 2024. The IPO to list on NSE SME.