The Mangal Compusolution IPO (Initial Public Offering) has generated a lot of interest from retail investors, and investors are now eagerly awaiting the share allotment results. After The IPO was available for subscription from November 12 to November 14, 2024, and the allotment process is set to be finalized today, November 18, 2024. Here’s everything you need to know about the Mangal Compusolution IPO, how to check the allotment status, and what to expect next.
Mangal Compusolution, a company offering hardware rental services, has introduced its IPO targeting small and medium-sized enterprises (SMEs) to raise ₹16.23 crore. The IPO saw strong demand from investors, especially in the retail segment, which was subscribed 47 times over. The overall subscription for the IPO was nearly 35 times, indicating the high interest among investors.
The company plans to use the funds raised from this IPO to meet working capital requirements, expand its operations, and for general corporate purposes.
The allotment for Mangal Compusolution IPO will be finalized today, November 18, 2024. If you are one of the lucky investors who receive shares, they will be credited to your demat account on Tuesday, November 19, 2024. If you don’t get any shares, a refund will be processed on the same day. The company’s shares are expected to be listed on the BSE SME (Bombay Stock Exchange) on Wednesday, November 20, 2024.
How to Check Allotment Status
If you participated in the Mangal Compusolution IPO, you can easily verify if you’ve received an allotment of shares by following these simple steps:
1. Verify Allotment Status on the Registrar’s Portal
Kfin Technologies is handling the allotment for this IPO. Here’s how to check your status:
- Go to the Kfin Technologies website: Kfintech IPO Status.
- Choose ‘Mangal Compusolution IPO’ from the list.
- Pick how you want to search: by “Application No.,” “Demat Account,” or “PAN.”
- Enter your details and complete the CAPTCHA.
- Click ‘Submit’ to see your status.
2. View Allotment Status on the BSE Website.
You can also check your allotment status on the BSE website:
- Go to the BSE IPO allotment page: BSE IPO Allotment.
- Select ‘Equity’ under the “Issue Type” option.
- Pick ‘Mangal Compusolution IPO’ from the list.
- Enter your application number or PAN details.
- Complete the CAPTCHA and click ‘Search’ to see your status.
The Grey Market Premium (GMP) is an unofficial estimate of how the IPO shares may perform once listed. For the Mangal Compusolution IPO, the GMP is ₹2, suggesting the stock may list at ₹47, which is 4.44% higher than the issue price of ₹45. However, the actual listing price will depend on the market conditions and investor sentiment at the time.
The Mangal Compusolution IPO has received strong interest from investors. The allotment process is being completed today. You can check your status on the registrar’s website or the BSE website. Whether you receive shares or not, always remember to research thoroughly before investing in any IPO. Check your allotment status via the registrar’s or BSE website, and stay updated for the listing on November 20, 2024.
