Mangal Compusolution Limited IPO

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Mangal Compusolution Limited specialize in delivering comprehensive IT hardware solutions, catering to businesses’ dynamic technology needs across various industries. Their primary focus lies in IT hardware rentals, offering tailored solutions that empower organizations to operate efficiently in the digital era.

Core Offerings

i. IT Hardware Rentals                                           ii. Sales of IT Equipment
iii. Customized IT Configurations                     iv. On-Site Setup and Deployment Services
v. Support and Maintenance

Market Presence

Although they serve clients across India, Maharashtra is their largest market, accounting for 96.87% of total revenue in the quarter ending June 30, 2024. This strong regional presence underscores their focus on building relationships and delivering value in key markets.

Expertise and Commitment

With an average of 10 years of experience per team member in the computer hardware field, they execute projects with precision, adhering to client specifications. Their reputation as a trusted partner motivates them to continuously expand and enhance their service portfolio.

In summary, they aim to be a one-stop solution for IT hardware needs, combining flexibility, expertise, and customer-centric services to help businesses thrive in an ever-changing technological landscape.

Objects of the Mangal Compusolution Limited IPO:

The Company proposes to utilize the Net Proceeds from the Issue towards the following objects i. Capital Expenditure ii. General corporate purposes;
DRHP of Mangal Compusolution Limited IPO
RHP of Mangal Compusolution Limited IPO

Mangal Compusolution Limited IPO Details:

Open Date: Nov 12 2024
Close Date: Nov 14 2024
Total Shares: 3,606,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 16.23 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 45 Per Equity Share
Listing At: BSE SME
Listing Date: Nov 19 2024

Promoters And Management:

Pathik Mukesh Desai, 36, is the Managing Director and Promoter of the Company. Serving as a Director since August 8, 2012, he was designated Whole Time Director on August 1, 2015, and became Managing Director on January 9, 2024. A commerce graduate from Mumbai University, he has over a decade of industry experience, overseeing business operations with a focus on business development and logistics. Mukesh Khandubhai Desai, 66, is the Executive Director and Promoter of the Company. As one of the first Directors and a subscriber to the Company's founding documents, he was appointed Executive Director on January 5, 2024. With over three decades of industry experience, he brings invaluable expertise to the organization. Binny Pathik Desai, 35, is the Chairperson and Non-Executive Director of the Company. Associated with the Company since September 22, 2023, she was appointed Chairperson on January 5, 2024. A pharmacy graduate from the University of Pune, she previously worked in regulatory affairs for five years before joining the Company in 2018. She oversees the HR Department.

Financials of Mangal Compusolution Limited IPO:

Particulars (Lakhs) June 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Share Capital 1,000 1,000 200 200
Net worth 2,081 2,000 1,614 910
Revenue from Operation 408 2,089 1,748 1,721
Profit after Tax 81 386 705 87
Earnings per share 0.81 5.67 7.04 0.87
Net Asset Value per Equity Share 20.81 20 16.14 9.1
Total borrowing 1,863 2,041 2,652 3,434

Recommendation on Mangal Compusolution Limited IPO:

Review and Recommendation of Mangalam Compusolution by IZ team is 2/10 Mangal Compusolution Limited is launching its IPO, focusing on an IT equipment rental business as its primary revenue stream. The company rents out servers, laptops, desktops, printers, projectors, and other peripherals, offering clients benefits like conserving capital expenditure, availing tax advantages, and mitigating technological obsolescence through easy upgrades. Additionally, the company provides customized IT configurations tailored to client needs, which can be rented or purchased. It also sells new and pre-owned IT equipment, catering to clients with varying budgets. However, the business model lacks a significant competitive edge and appears commoditized, with minimal value addition. Moreover, the company has shown no substantial revenue growth, making the investment opportunity less appealing. The lack of innovation or differentiation in a highly competitive IT hardware market raises questions about long-term scalability and growth potential, casting doubts on the attractiveness of the IPO.

Lead Manager of Mangal Compusolution Limited IPO:

  1. Jawa Capital Services Private Limited

Registrar of Mangal Compusolution Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Mangal Compusolution Limited Unit No. 03, Satguru Nanak Industrial Estate Off Western Express Highway, Goregaon (East), Mumbai-400063 Phone: +91-22-40360500 Email: compliance@mangalcompusolution.com Website: https://www.mangalcompusolution.com/

Discussion on Mangal Compusolution Limited IPO:

2 Comments

    Out of 4 previous issue by LM, 3 are trading at below IPO price.

    Reply

    Avoid. Nothing much is there in the business model to invest. They are in the business of IT Equipment Rental: This is their primary revenue stream, where they provide various IT equipment on a rental basis, including servers, laptops, desktops, printers, projectors, and other peripherals. This approach offers several advantages to their clients:

    Reply

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