Mangal Compusolution Limited IPO

Incorporated in April 2011, Mangal Compusolution Limited provides hardware rental solutions to fulfill the needs of businesses across various industries. The company rents IT hardware and offers comprehensive end-to-end IT equipment. It rents diverse IT equipment, including servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, and various accessories.

Mangal Compusolution provides small and large enterprises with customizable IT hardware products, including laptops, desktops, servers, and other equipment, to meet clients’ specific requirements.

The company’s major clients are concentrated in Maharastra, though it provides services in all of India.
The company’s business can be divided into the following categories
  1. Rental Income from lease of IT Equipment i.e., Computers & Peripherals
  2. Sale of IT Equipment, and
  3. IT Equipment Maintenance Service Fees

Competitive Strength:

  • Huge variety of products to offer, including HP, Dell, Lenovo, and more.
  • Customer-Centric Approach
  • 24/7 dedicated support team and service availability.
  • Zero downtime by keeping stock of extra equipment to replace faulty system.

As of September 30, 2024, the company has 24 full-time employees and five directors, including one Managing Director, one Executive Director, one Non-Executive Director, and three Independent Directors.

 

Mangal Compusolution Limited Financial Information (Restated)

Mangal Compusolution Limited’s revenue decreased by -32.69% and profit after tax (PAT) dropped by -45.21% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,492.014,552.124,715.715,267.09
Revenue453.442,344.423,483.181,848.78
Profit After Tax80.97385.80704.0986.62
Net Worth2,080.881,999.901,614.10910.00
Reserves and Surplus1,080.88999.901,414.10710.00
Total Borrowing1,862.752,041.212,652.303,434.12
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Mangal Compusolution IPO is Rs 61.23 Cr.

KPI as of June 30, 2024.

KPIValues
ROE3.97%
ROCE2.05%
Debt/Equity0.9
RoNW15.56%
P/BV2.16
PAT Margin (%)19.82
 Pre IPOPost IPO
EPS (Rs) 3.862.38
P/E (x) 11.6618.9
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Mangal Compusolution IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects

  1. Capital Expenditure
  2. General corporate purposes;

Mangal Compusolution IPO Details

IPO DateNovember 12, 2024 to November 14, 2024
Listing Date[.]
Face Value₹10 per share
Price₹45 per share
Lot Size3000 Shares
Total Issue Size3,606,000 shares
(aggregating up to ₹16.23 Cr)
Fresh Issue3,606,000 shares
(aggregating up to ₹16.23 Cr)
Issue TypeFixed Price Issue IPO
Listing AtBSE SME
Share holding pre issue10,000,000
Share holding post issue13,606,000
Market Maker portion186,000 shares

Mangal Compusolution IPO Promoter Holding

The Promoters of the Company are Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Mr. Mukesh Khandubhai Desai and Mrs. Binny Pathik.

Share Holding Pre Issue100%
Share Holding Post Issue73.50%

SHARIAH SCREENING for - Mangal Compusolution Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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