Mangal Compusolution’s initial public offering (IPO) has captured strong interest from retail investors, marking it as a significant event in the SME IPO market. The IPO saw robust participation, and the allotment date is expected to be finalized today.
As investors eagerly await the results, here’s everything you need to know about the IPO allotment, GMP (Grey Market Premium), and how to check your status online.
About Mangal Compusolution
Mangal Compusolution specializes in providing hardware rental solutions, catering to businesses that require flexible and cost-effective IT infrastructure. The company offers a range of hardware equipment on a rental basis, including laptops, desktops, servers, and networking devices.
Its services help companies manage their IT needs without the burden of heavy capital expenditure, making Mangal Compusolution a popular choice among small and medium enterprises (SMEs).
IPO Allotment Date and Details
The allotment date for the Mangal Compusolution IPO is likely to be finalized today. Investors who applied for the IPO will be able to check the status of their allotment online once the process is complete.
Key IPO Details:
- IPO Size: ₹20 crore (approx.)
- Price Band: ₹45-₹50 per share
- Subscription Period: November 10-14, 2024
- Lot Size: Minimum of 3,000 shares per application
The IPO was well-received, especially among retail investors, with the subscription rate exceeding expectations. The strong demand indicates positive sentiment towards the company’s business model and growth potential.
How to Check Mangal Compusolution IPO Allotment Status Online
Once the allotment is finalized, investors can check their IPO status online using the following methods:
1. Through the Registrar’s Website:
- Visit the official website of the IPO registrar (e.g., Bigshare Services Pvt Ltd).
- Click on the ‘IPO Allotment Status’ link.
- Enter your PAN number, application number, or DP ID/client ID.
- Click on ‘Submit’ to view your allotment status.
2. Through the Stock Exchange Website:
- Visit the BSE website and go to the ‘Equity’ section under ‘Status of Issue Application’.
- Select ‘Mangal Compusolution IPO’ from the dropdown menu.
- Enter your application number and PAN details.
- Click ‘Search’ to view your allotment status.
3. Through Your Demat Account:
- Log in to your demat account with your broker (e.g., Zerodha, Upstox, Angel Broking).
- Go to the ‘Portfolio’ or ‘Holdings’ section to check if the allotted shares are credited.
GMP and Listing Expectations
The Grey Market Premium (GMP) for Mangal Compusolution IPO has been fluctuating, indicating mixed sentiments. As of today, the GMP is hovering around ₹10-₹12, suggesting a moderate listing premium. This indicates that the stock could debut at a slight premium over the issue price, depending on market conditions.
Listing Date: The shares of Mangal Compusolution are expected to be listed on the NSE SME platform on November 24, 2024.
Expected Listing Price: With the current GMP, the shares could list at around ₹60-₹62, offering a potential premium of 20-24% over the issue price.
Why Did Mangal Compusolution IPO Attract Strong Interest?
The Mangal Compusolution IPO garnered significant interest due to several factors:
- Scalable Business Model: The hardware rental business is gaining traction as companies look for flexible IT solutions without heavy upfront costs.
- Strong Financials: The company has shown consistent growth in revenues and profitability, making it an attractive investment for retail and institutional investors.
- Positive Market Sentiment: The SME IPO market has been performing well, with several recent listings delivering strong returns, boosting investor confidence.
Should You Hold or Sell After Allotment?
If you have been allotted shares of Mangal Compusolution, you may be wondering whether to hold or sell on the listing day. Here are a few points to consider:
- Hold for Long-Term Growth: If you believe in the company’s business model and growth potential, holding the shares could yield higher returns in the long run.
- Sell for Quick Gains: If the shares list at a premium, you can choose to sell them on the listing day to lock in immediate profits.
Analyst Tip: Market experts suggest keeping an eye on the broader market conditions and the company’s listing price before making a decision.
Conclusion
Mangal Compusolution’s IPO has created a buzz in the SME market, with strong demand from investors. As the allotment date approaches, excitement builds for the listing day.
Whether you’re looking to hold for long-term gains or sell for quick profits, staying informed about the latest updates is key.
Keep checking your allotment status online and monitor the GMP for the best strategy. With a solid business model and growing demand for hardware rental solutions, Mangal Compusolution could be a promising addition to your portfolio.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Please consult a financial advisor for personalized investment guidance.