Manglam Infra and Engineering Limited
Bookbuilding IPO · NSE
- Price band
- ₹53 - ₹56
- Lot size
- 2,000 shares
- Issue amount
- ₹27.62 cr
- Total subscription
- 394.59×
- Opens
- 24 Jul 2024
- Closes
- 26 Jul 2024
- Allotment
- 29 Jul 2024
- Listing
- 31 Jul 2024
Offer at a glance
Issue overview
- Issue size
- 49,32,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,06,000
- Fresh issue
- ₹27.62 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,12,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,26,64,700
- Shares after issue
- 1,75,96,700
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,12,000 |
| HNI | 2 | 4,000 | ₹2,24,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 4.94 | 805.28 |
| RETAIL | 8.65 | 3,214.06 |
| NIB | 3.7 | 2,799.82 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 5.34 | 5.4 | 4.28 |
| ROE | 49.44 | 61.42 | 53.46 |
| ROCE | 44.95 | 67.04 | 54.04 |
| RONW | 49.44 | 61.42 | 53.46 |
| PRE IPO(PE) | 10.49 | 0 | 0 |
| POST IPO(PE) | 14.57 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 2010, Manglam Infra and Engineering Limited is a specialized infrastructure services company offering end-to-end project execution across highways, bridges, tunnels, and urban buildings. Its comprehensive portfolio includes detailed project reports and feasibility studies, operations and maintenance services, project management consultancy, independent engineering, project planning and design, estimation, supervision and quality control, technical and structural audits, financial analysis, and inspection of roads and bridges. With a strong presence across multiple 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, 116 independently and 11 through joint ventures or MoUs with the central government. As of May 31, 2024, Manglam Infra and Engineering Limited employs 272 professionals, including 159 qualified engineers, underscoring its technical strength and execution capability.
Strengths
- Diversified Project Presence: Strong footprint across highways, bridges, tunnels, and urban infrastructure projects across multiple Indian states.
- Comprehensive Services & Proven Execution: Offers end-to-end solutions—planning, design, supervision, quality control, and technical audits—with a successful track record of completing 127 projects.
- Skilled Workforce & Strong Leadership: A robust team of 272 employees, including 159 qualified engineers, backed by an experienced management team ensuring reliable and high-quality project delivery.
Risk factors
- Dependence on New Contracts: Revenue growth depends heavily on securing fresh contracts, making financial performance vulnerable to factors outside the company’s control.
- Order Book & Delay Risks: Delayed project execution or inability to realize order book values can impact financial health and operational performance.
- High Employee Cost Burden: A large workforce requires steady project flow; delays in new contracts may lead to increased employee costs, reducing profitability.
Promoters
Yogendra Kumar Singh
Ajay Verma
Nisha Singh
Seema Verma
Registrar & documents
Lead manager
Unistone Capital Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
H.NO.46, Nikhil Nestles Jatkhedi, Hoshangabad Road, University, (Bhopal) Huzur, Bhopal - 462026
+0755 4289475
[email protected]Company website ↗Understanding MIEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.