Mangal Compusolution IPO: Date, Price, GMP, Allotment, Listing, Know Everything About The IPO

Investors have a new opportunity to consider. Mangal Compusolution Limited is launching its IPO on 12th November. Before deciding to invest, it's essential to understand the price band, listing date, and other details of this offering.

The IPO will be available for subscription from 12th to 14th November. Each share is priced at ₹45. Retail investors must apply for a minimum of 3000 shares, requiring an investment of ₹135,000. High Net-worth Individuals (HNIs) need to invest in at least two lots, which amounts to 6,000 shares or ₹270,000.

This IPO aims to raise ₹16.23 crore through a fixed price issue. It involves a fresh issue of 36.06 lakh shares. This capital will support the company's growth and expansion plans.

Mangal Compusolution Limited is headquartered in Mumbai and specialises in providing hardware rental solutions for various industries. The company offers IT hardware rentals and end-to-end IT products like servers, laptops, desktops, projectors, and more. Promoters include Hardik Meghraj Jain, Neeta Mukesh Desai, Pathik Mukesh Desai, Shri Mukesh Khandubhai Desai, and Smt Binni Pathik.

Utilisation of IPO Funds

The funds raised from this IPO will be used strategically by the company. The focus will be on expanding its services and enhancing its product offerings to better meet industry demands.

This IPO presents an opportunity for investors looking to diversify their portfolios with a company involved in IT hardware solutions. Understanding the company's background and the specifics of the IPO can help investors make informed decisions.