Manglam Infra And Engineering Limited SME IPO

Issue Size (Net)
up to ₹ 27.62 Cr

Price Band
₹53.00-56.00 Per Share

Issue Opens
24th Jul 2024

Issue Closes
26th Jul 2024

About Company – Manglam Infra And Engineering

Manglam Infra & Engineering Limited was incorporated in February 2010. The company is an infrastructure consultancy firm whose core business is to provide project management consultancy services that include detailed project reports (DPRs), supervision and quality control (SQC) and operation and maintenance (O&M) for highways/roads, bridges, tunnels, buildings/urban development.

They carry out various projects independently and as part of joint ventures and MoUs with other players in this industry. At the time of writing the Red Herring Prospectus, the company is catering to the state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana and the Central Government and has completed a total of 127 projects, of which 116 projects are being executed on an independent basis and 11 projects through joint ventures and MoUs.

Currently, 45 projects are underway, of which 22 are being implemented independently and 23 through joint ventures and MoUs. The team consists of more than 300 qualified professionals with experience ranging from 7 to 15+ years. Depending on the company’s requirements, third-party vendors are occasionally brought in for specific tasks.

Manglam Infra And Engineering SME IPO Strengths

  • Presence in diversified projects.
  • Wide range of services and proven track record of efficient services.
  • Qualified employee base and proven management team.
  • Consistent financial performance.

Manglam Infra And Engineering SME IPO Objective

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

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

Manglam Infra And Engineering Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets3,318.232,104.131,673.32
Revenue4,050.793,478.142,678.36
Profit After Tax676.41554.16332.96
Net Worth1,710.201,025.95778.69
Reserves and Surplus443.73
Total Borrowing447.31225.91186.91
Amount in ₹ Lakhs

Manglam Infra And Engineering Limited Day-wise IPO GMP Trend

GMP DateIPO PriceGMP MovementEstimated Listing PriceLast Updated
31-07-2024 Listing56.00₹52 – No Change₹108 (92.86%)31-Jul-2024 9:28
30-07-202456.00₹52 – No Change₹108 (92.86%)30-Jul-2024 23:23
29-07-2024 Allotment56.00₹52 – No Change₹108 (92.86%)29-Jul-2024 16:28
28-07-202456.00₹52 – No Change₹108 (92.86%)28-Jul-2024 23:23
27-07-202456.00₹52 – Up₹108 (92.86%)27-Jul-2024 23:30
26-07-2024 Close56.00₹50 – No Change₹106 (89.29%)26-Jul-2024 23:31
25-07-202456.00₹50 – Up₹106 (89.29%)25-Jul-2024 23:31
24-07-2024 Open56.00₹46 – No Change₹102 (82.14%)24-Jul-2024 23:26
23-07-202456.00₹46 – Up₹102 (82.14%)23-Jul-2024 23:28
22-07-202456.00₹38 – Up₹94 (67.86%)22-Jul-2024 23:26
21-07-202456.00₹10 – No Change₹66 (17.86%)21-Jul-2024 23:24
20-07-202456.00₹10 – No Change₹66 (17.86%)20-Jul-2024 23:26
19-07-202456.00₹10 – Up₹66 (17.86%)19-Jul-2024 23:30
18-07-202456.00₹0 – No Change₹56 (0%)18-Jul-2024 23:24
 

Manglam Infra And Engineering Limited SME IPO Details

SME IPO Issue Opening Date:24th Jul 2024
SME IPO Issue Closing Date:26th Jul 2024
SME IPO Issue Price:₹53.00-56.00 Per Share
IPO Listing At:NSE SME
Retail Quota:Not less than 35% of the Net Issue
SME IPO Issue Type:Book Build Issue
SME IPO Issue Size:₹27.62 Cr
Fresh Issue:₹27.62 Cr
Face Value:₹10 Per Equity Share
SME IPO Discount:TBD
Promoter Holding Pre IPO:100.00%

Manglam Infra And Engineering Limited SME IPO Timeline (Tentative Schedule)

SME IPO ActivityDate
SME IPO Open Date24-07-2024
SME IPO Close Date26-07-2024
Basis of Allotment Finalisation Date29-07-2024
Refunds Initiation30-07-2024
Credit of Shares to Demat Account30-07-2024
SME IPO Listing Date31-07-2024

Prospectus File

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