Business Standard

Manglam Infra & Engineering Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

27.62 cr

Price Range (₹)

56

Lot Size

2000

Min Investment (₹)

1,12,000.00

Listing Exchange

NSE - SME

Open Date

24-Jul-2024

Close Date

26-Jul-2024

Listing Date

31-Jul-2024

Manglam Infra & Engineering Ltd News

    Manglam Infra & Engineering Ltd IPO Details

    Initial public issue of 49,32,000^ equity shares of face value of Rs. 10 each (Equity Shares) of Manglam Infra & Engineering Limited (Company) for cash at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) (Issue Price) aggregating to Rs. 27.62 crores of which 5,22,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 56 per equity share including a share premium of Rs. 46 per equity share aggregating to Rs. 2.92 crores was reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 44,10,000 equity shares of face value of Rs. 10 each at a price of Rs. 56 per equity share (including a share premium of Rs. 46 per equity share) aggregating to Rs. 24.70 crores is herein after referred to as the Net Issue. The issue and the net issue constituted 28.03% and 25.06% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10 each. The issue price is 5.6 times the face value of the equity shares.^Subject to finalization of basis of allotment

    Objective of issue

    To meet the working capital requirements. General corporate purposes.

    Manglam Infra & Engineering Ltd Contact Details

    Manglam Infra & Engineering Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@manglaminfra.com

    Website - www.manglaminfra.com