Manglam Infra and Engineering Limited (NSE SME)
Jul 24, 2024 - Jul 26, 2024
| Price | ₹53 - ₹56 |
| Premium | ₹52 |
|---|---|
| Lot size | 2000 |
| Allotment | Jul 29, 2024 |
| Listing | Jul 31, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 112000 | 772 |
| HNI | 2 | 4000 | 224000 | 330 |
Last updated on 26-Jul-2024 17:02:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 882000 | 143800000 | 163.04 |
| NIB | 660000 | 499968000 | 757.53 |
| RETAIL | 1544000 | 573940000 | 371.72 |
| Total | 3086000 | 1217708000 | 394.59 |
| Retail Apps | 286970 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹56.95 | @8% ₹65.09 | @9% ₹73.22 | @10% ₹81.36 | @11% ₹89.49 | @12% ₹97.63 |
Manglam Infra And Engineering IPO Details
| Issue Size | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Fresh Issue | 4,932,000 shares (aggregating up to ₹27.62 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,664,700 |
| Share holding post issue | 17,596,700 |
| Market Maker portion | 524,000 shares Giriraj Stock Broking |
Manglam Infra And Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 49.44% | 61.42% | 53.46% |
| ROCE | 44.95% | 67.04% | 54.04% |
| RONW | 49.44% | 61.42% | 53.46% |
| D/E | 0.26 | 0.22 | 0.24 |
| EPS (basic) | 5.34 | 5.4 | 4.28 |
| P/E Pre IPO | 10.49 | ||
| P/E Post IPO | 14.57 |
Company Financials
Manglam Infra and Engineering Limited Financial Information (Restated)
Manglam Infra and Engineering Limited's revenue increased by 16.46% and profit after tax (PAT) rose by 22.06% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|
| Assets | 3,318.23 | 2,104.13 | 1,673.32 |
| Revenue | 4,050.79 | 3,478.14 | 2,678.36 |
| Profit | 676.41 | 554.16 | 332.96 |
| Net Worth | 1,710.20 | 1,025.95 | 778.69 |
| Reserves | 443.73 | ||
| Borrowing | 447.31 | 225.91 | 186.91 |
| Amount in ₹ Lakhs | |||
About Section
Manglam Infra and Engineering Limited, incorporated in 2010, specializes in managing infrastructure projects across various domains such as highways, bridges, tunnels, and urban buildings. The company offers a comprehensive range of services, including detailed project reports (DPR) and feasibility studies, operations and maintenance, project management consultancy, independent consultancy, project planning, designing, estimation, supervision and quality control, authority engineer supervision, independent engineer services, traffic and transportation engineering, financial analysis, technical audits, and structural audits, as well as inspection of bridges and roads. They have a significant presence in several Indian states including Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana. The company has successfully completed 127 projects, with 116 independently and 11 through joint ventures and MoUs with the central government. As of May 31, 2024, Manglam Infra and Engineering Limited employs 272 individuals, 159 of whom are qualified engineers.
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Presence in Diversified Projects: Manglam Infra and Engineering Limited have a significant presence across various infrastructure domains such as highways, bridges, tunnels, and urban buildings, covering multiple states in India.
Wide Range of Services and Proven Track Record: The Company offers comprehensive services including project planning, design, supervision, quality control, and technical audits, and has completed 127 projects, demonstrating its capability and reliability.
Qualified Employee Base and Proven Management Team: With 272 employees, including 159 qualified engineers, Manglam Infra and Engineering Limited boasts a skilled workforce and an experienced management team, ensuring high-quality service delivery.
Dependence on New Contracts: Manglam Infra and Engineering Limited's revenue and earnings heavily rely on the acquisition of new contracts, which are beyond their direct control, posing a risk to financial stability.
Order Book Realization and Project Delays: The inability to realize the amounts reflected in the order book, along with potential delays in project completion and meeting performance standards, could negatively impact the company's financial condition and operational results.
Employee Cost Management: Maintaining a workforce aligned with current and future projects means that delays or failures in securing new contracts could lead to additional employee costs, affecting the company's profitability.
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