Mumbai-based Mangal Compusolution, which was set up in April 2011 provides hardware rental services to various industries. It rents IT hardware and offers a range of IT equipment that involves different IT equipment, servers, laptop and desktop computers, projectors, routers, workstations, Plasma/LCD display units etc. It offers solutions that are customised to the need of companies of different sizes.
Mangal Compusolution IPO is an SME issue that is targeting to raise Rs 16.23 crores, which comprises issue of fresh equity shares of 36.06 lakh. It does not have any OFS (offer for sale) portion, which means the promoters of the company won’t sell any of their shares.
Mangal Compusolution IPO price, dates
Each share of Mangal Compusolution IPO has been priced at Rs 45. It’s a fixed price and there is no price band. A retail investor has to invest a minimum lot of 3,000 shares, which will entail an investment of Rs 1.35 lakh. The minimum lot size for HNIs (high net worth individuals) is 6,000 shares which will cost Rs 2.7 lakh.
The process of bidding of Mangal Compusolution IPO started on November 12. It will remain open for 3 days and will end on November 14, 2024. The allotment of shares to the successful bidders of Mangal Compusolution IPO will take place on Monday, November 18, 2024, while the listing will take place on November 20 at BSE SME.
Mangal Compusolution IPO latest GMP
According to investorgain, Mangal Compusolution IPO has commanded a GMP of Rs 8 close to midday on November 13, the second day of bidding. It stood at Rs 2 on November 7 and then steadily climbed to Rs 10 on November 12, the first day of bidding. Then it declined to Rs 8 on November 13. Considering the issue price of Rs 45, it indicates a listing gain of 17.78%. However, it must be remembered that GMP is an unofficial estimate that guarantees nothing – listing gain or listing loss.
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The Mangal Compusolutionm IPO GMP has been steadily climbing for the past few days and indicated a significant gain on the second day of the 3-day window of the subscription process. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
