Mangal Compusolution IPO Closed
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Schedule of Mangal Compusolution
| Issue open date | 12 Nov 2024 |
| Issue close date | 14 Nov 2024 |
| UPI mandate deadline | 14 Nov 2024 (5 PM) |
| Allotment finalization | 18 Nov 2024 |
| Refund initiation | 19 Nov 2024 |
| Share credit | 19 Nov 2024 |
| Listing date | 20 Nov 2024 |
| Mandate end date | 29 Nov 2024 |
| Lock-in end date for anchor investors (50%) | 03 Dec 2024 |
| Lock-in end date for anchor investors (remaining) | 16 Feb 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mangal Compusolution
Mangal Compusolution Limited, incorporated initially as Pathik Computer Systems Private Limited in 2011, transitioned from a private to a public limited company in 2023. Specialising in IT hardware solutions, the company focuses on renting and selling IT equipment, serving industries across India, with Maharashtra as its primary revenue region (96.87% as of June 2024). Mangal Compusolution offers rental flexibility, on-site support, maintenance, and scalable IT solutions to businesses, enhancing CAPEX savings and addressing technological obsolescence. It provides pre-configured, brand-compliant equipment, including desktops, laptops, and projectors from brands like IBM, Dell, and HP, as well as recycled and energy-efficient options. Additionally, used IT hardware sales represent a small yet growing segment, with sales figures of 14.85% in FY 2023 and 6.92% in FY 2022. Led by experienced promoters and a skilled team, the company remains committed to meeting clients’ evolving tech needs with reliable, secure, and eco-friendly solutions.
Financials of Mangal Compusolution
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹16.23 crores |
| Fresh Issue | ₹16.23 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure | 12.96 (79.87%) |
| General corporate purposes | 1.94 (11.95%) |
Strengths
- Wide range of high-quality IT hardware from top brands tailored to client needs.
- Quick solutions to reduce clients’ turnaround time, ensuring smooth operations.
- Customer-focused customization aligned with each client’s unique objectives.
- 24/7 support for uninterrupted IT infrastructure and swift issue resolution.
- Standby equipment is provided to minimize downtime and ensure efficiency.
- Flexible rental durations from 1 to 365 days, accommodating diverse project timelines
Risks
- Pending litigations could lead to liabilities or harm reputation and finances.
- Intense competition in a low-entry-barrier market could limit growth.
- Dependence on top suppliers risks supply chain disruptions.
- Negative cash flows from investments may impact growth potential.
- Rising maintenance costs or poor service could weaken customer loyalty.
- Increased debt could strain finances and reduce flexibility.