Mangal Compusolution, a provider of IT hardware solutions, is opening its initial public offering (IPO) for subscription on Tuesday, November 12, 2024.The IPO will conclude on Thursday, November 14, 2024. Mangal Compusolution has set a price band of ₹45 per share for its IPO, targeting a total fundraising of ₹16.23 crore. Investors interested in buying shares can place bids in lots of 3,000 shares or multiples of 3,000 shares.
IPO Details and Key Dates
Here’s a summary of the key dates and details for the Mangal Compusolution IPO:
- IPO Open Date: November 12, 2024
- IPO Close Date: November 14, 2024
- Price Band: ₹45 per equity share
- Face Value: ₹10 per share
- Lot Size: Minimum 3,000 shares per bid
- The total issue size : ₹16.23 crore, achieved through the fresh issuance of 3,606,000 equity shares.
- Basis of Allotment: November 18, 2024
- Refunds Initiation Date: November 19, 2024
- Shares will be deposited into Demat accounts : November 19, 2024.
- The IPO is set to be listed on the BSE SME : November 20, 2024.
Mangal Compusolution is an established name in the IT hardware solutions market, serving diverse sectors with a range of hardware options. The company’s services are tailored to meet the fast-evolving technology needs of businesses. A significant part of its offerings is IT hardware rentals, where clients can access quality equipment without the burden of outright purchase. With this IPO, Mangal Compusolution seeks to fund capital expenditures and general corporate initiatives, positioning itself for further growth in a competitive market.
The Grey Market Premium, or GMP, provides a glimpse into how the IPO is performing before its official listing. For the Mangal Compusolution IPO, the GMP initially stood at ₹0, which indicates trading at par with the issue price in the unofficial grey market. However, more recent updates show a GMP of +₹3, reflecting growing interest and a slight premium above the issue price. This upward trend suggests an estimated listing price of ₹48 per share, about 6.67% higher than the IPO issue price.
GMP movements offer investors a sense of how popular the IPO is and whether it might see good demand post-listing. The Mangal Compusolution IPO GMP fluctuated between ₹2 and ₹3 in recent trading sessions, hinting at a potentially favorable listing.
Investors interested in the Mangal Compusolution IPO can apply through their bank accounts or any online trading platform. Major brokers and banks offer easy options for IPO applications. Ensure that your trading account has sufficient funds to complete the transaction.
The Mangal Compusolution IPO offers an opportunity for investors interested in IT hardware solutions to participate in the company’s growth. However, as with any investment, it’s essential to consider the company’s financial health, the overall market outlook, and your own investment goals. Consulting a financial advisor can also help in making a well-informed decision.
