Mangal Compusolution IPO allotment expected on November 18: Here’s how to check status online

Mangal Compusolution IPO share allotment status is expected to be finalised on Monday, November 18.

The investors are waiting for the company to finalise the IPO share allotment status after the BSE SME issue closed with a strong subscription on Thursday, November 14.

The initial public offering of Mangal Compusolution Limited was booked 34.64 times, across all investor categories, on the last day of bidding. The IPO received bids for more than 11.85 crore shares compared to 34.2 lakh shares on offer.

The retail quota was booked 46.9 times and the Non-Institutional Investors’ (NIIs) portion was booked 22.39 times.

Subsequent to the finalisation of the share allotment status on November 18, refunds will be initiated for unsuccessful bidders and successful bidders will receive shares of the company in their demat accounts on Tuesday, November 19.

Shares of the company will list on the BSE SME platform. The tentative listing date for the SME issue is November 20.

The IPO share allotment status can be checked on the BSE website and the issue registrar, Kfin Technologies Limited.

Steps to check Mangal Compusolution IPO share allotment status on the BSE website:

• Go to the BSE website’s IPO allotment page
• Choose ‘Equity’ as the ‘Issue Type.’
• From the ‘Issue Name’ dropdown, choose ‘Mangal Compusolution Ltd’
• Enter your Application Number or PAN (Permanent Account Number).
• Complete the captcha verification
• Click the ‘Search’ button to view your allotment status

Here’s how to check Mangal Compusolution IPO share allotment on the registrar's website:

• Open the IPO allotment status page on the Kfin Technologies website
• Select any of the five links shown on the page
• Choose 'Mangal Compusolution Ltd' from the drop-down list for issue names
• Enter any one of these details – Application number, DP/Client ID, PAN or Account number/IFSC
• Click on the 'Submit' button

Mangal Compusolution IPO details

The IPO was worth ₹16.23 crore and consisted of an entirely fresh issue of 36.06 lakh shares.

The company's issue price was set at ₹45 per share. The minimum lot size for retail investors was fixed at 3,000 shares which aggregated to an investment of ₹1,35,000.

Mangal Compusolution IPO Objective

The company will use the proceeds raised via the public issue for funding its capital expenditure and for general corporate purposes.

About Mangal Compusolution

Mangal Compusolution Limited was incorporated in April 2011. The company provides IT hardware on rent and offers comprehensive end-to-end IT equipment. The company provides enterprises with customisable IT hardware products such as laptops, desktops, servers, and other equipment. The company employed 24 workers on a full-time basis as of September 30, 2024.