IPO Details
Bidding Dates
24 Jul 24 - 26 Jul 24
Price Range ₹
53 - 56
Total Equity
₹ 27.62Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
24 Jul 2024
Offer end
26 Jul 2024
Allotment
29 Jul 2024
Refund initiation
30 Jul 2024
Demat transfer
30 Jul 2024
Listing
31 Jul 2024
Offer start
24 Jul 2024
Offer end
26 Jul 2024
Allotment
29 Jul 2024
Refund initiation
30 Jul 2024
Demat transfer
30 Jul 2024
Listing
31 Jul 2024
About Company
Incorporated in 2010, Manglam Infra and Engineering Limited specializes in managing infrastructure projects. The company provides detailed project reports, oversees and controls quality, and handles the operation and maintenance of highways, bridges, tunnels, and urban buildings. Manglam Infra and Engineering offers a range of services including design, engineering, procurement, construction, and integrated project management. Their offerings encompass DPR and feasibility studies, operations and maintenance works, 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, structural audits, and inspection of bridges and roads. The company has provided its services in various states including Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana. To date, they have completed a total of 127 projects, with 116 executed independently and 11 completed through joint ventures and MoUs with the central government. As of May 31, 2024, the company employs 272 individuals, including 159 qualified engineers.
Year Founded
20-07-2023
Promotor Details
Yogendra Singh
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 12664600 | 0 |
Offer to Public
49,32,000.00 Cr
Project Details
- To meet the working capital requirements - 193.5cr
Objectives
- To meet the working capital requirements, andGeneral corporate purposes
Highlights
- Manglam Infra and Engineering Limited boasts a presence in a wide range of infrastructure projects, including highways, bridges, tunnels, and urban buildings. This diversification helps mitigate risks associated with dependency on a single type of project and showcases the company’s adaptability and expertise in various sectors.
- The company provides a broad spectrum of services, such as detailed project reports, design, engineering, procurement, construction, integrated project management, operations and maintenance, project management consultancy, and more. With 127 projects completed, including 116 independently and 11 through joint ventures with the central government, Manglam Infra and Engineering has established a solid track record of delivering high-quality services.
- As of May 31, 2024, the company employs 272 individuals, including 159 qualified engineers. This highly skilled employee base, combined with a proven management team, ensures the company can effectively handle complex projects and maintain high standards of quality and performance.
- Manglam Infra and Engineering has demonstrated consistent financial growth and stability over the years. This reliable financial performance indicates the company's robust business model, effective management, and ability to generate sustainable revenue and profit.
- The company has successfully transitioned from a consultancy-focused business model to an integrated service provider. This strategic shift allows Manglam Infra and Engineering to offer end-to-end solutions to its clients, enhancing its competitive edge and opening new avenues for growth. By attracting and retaining talented employees, continuing to develop and maintain relationships, and further enhancing its project execution capabilities, the company is well-positioned for future success.
Challenges
- The company is highly dependent on government bodies for its infrastructure consultation projects. Any failure to secure new tenders from these government entities could adversely affect its business and revenue. Furthermore, the company's revenue and earnings rely heavily on the award of new contracts, which it does not directly control.
- There is a risk that the company may not be able to realize the amounts reflected in its order book. Delays or issues in the timely completion and meeting performance standards of projects could materially and adversely impact its financial condition and operational results. Additionally, contracts in the order book may be adjusted, canceled, or suspended by clients, making the order book an unreliable indicator of future revenues or earnings.
- The company requires significant working capital to maintain smooth day-to-day operations. Any discontinuance or inability to acquire adequate working capital in a timely manner and on favorable terms may adversely affect its operations, profitability, and growth prospects. Additionally, maintaining the workforce in alignment with current workloads and future projects is crucial; failure to secure future contracts or delays in receiving them could lead to additional employee costs.
- A significant portion of the company's revenues comes from a few geographical regions. Any adverse developments in these regions could negatively impact its business, cash flows, results of operations, and financial condition. Additionally, the company faces competition from both organized and unorganized players, which may adversely affect its business operations and financial stability.
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