Mangal Compusolution IPO subscription started on November 12, and will close on November 14 as per the schedule. The price band is ₹45 per share with a face value of ₹10.
Mangal Compusolution IPO Subscription Status
Mangal Compusolution IPO Subscribed over 2.65x on its first day till 05.00 PM on 12th November.
- Mangal Compusolution IPO subscription QIB investors portion is 0x times, while NII subscribed 0.97x times and RII investors subscribed 4.34x times.
- The company has received bids for 90,78,000 shares against 34,20,001 shares on offer on the first day.
- Mangal Compusolution IPO Subscribed over 2.65x on day 1.
About Mangal Compusolution IPO
Across various cities in India, Mangal Compusolution limited is a well-known leading company for computer rental services established in April 2011. They are one of the top IT service sectors who provide solutions for different computer related rental services like hardware and software with affordable prices. From servers, laptops, desktops, projectors, router switches, workstations, Plasma/LCD TVs, PA Systems, to various other accessories, they offer many equipment for renting. IBM, Dell, HP, Lenovo, Sony, Compaq, and Toshiba are some of the amazing tech brands they offer for renting long and short term requirements. They are always ready to fill their clients’ demand by offering high-quality tested machines with early delivery. They successfully passed 20 years of providing amazing services to many high-profile individuals. Between March 31, 2024, and March 31, 2023, Mangal Compusolution Limited’s sales fell by -32.69% and its profit after tax (PAT) fell by -45.21%.
Mangal Compusolution IPO Company Financial Report
The company reported revenue of ₹23.44 crores in 2024 against ₹34.83 crore in 2023. The company reported Profit of ₹3.86 crores in 2024 against Profit of ₹7.04 crores in 2023.
Mangal Compusolution IPO GMP:
Mangal Compusolution IPO GMP was ₹2 as of Tuesday, November 12. That indicates the IPO is trading at ₹47 with ₹2 premium in the grey market against the issue price of ₹45.
