Upcoming IPO 12 November: Investors, get ready! The Mangal Compusolution Limited IPO is set to open on 12th November 2024, offering a great opportunity to invest. Let’s break down the key details you need to know before you jump in.
Mangal Compusolution Limited IPO Price and Details
The Mangal Compusolution Limited IPO will open on 12th November and close on 14th November. The price band for the IPO is ₹45 per share.
- Retail Investors: Minimum lot size is 3000 shares, amounting to ₹135,000.
- HNIs (High Net-Worth Individuals): Minimum lot size is 6000 shares, amounting to ₹270,000.
IPO Size and Purpose
Mangal Compusolution aims to raise ₹16.23 crores via this fixed-price issue. The IPO will offer a total of 36.06 lakh shares. The proceeds from this IPO will be used for capital expenditure and general corporate purposes.
About Mangal Compusolution Limited
Based in Mumbai, Mangal Compusolution specializes in providing IT hardware rental solutions to businesses. They offer products such as servers, laptops, desktops, routers, workstations, and more. This company serves various industries needing reliable IT equipment on rent.
Promoters Behind the IPO
The promoters of Mangal Compusolution include:
- Hardik Meghraj Jain
- Nita Mukesh Desai
- Pathik Mukesh Desai
- Mukesh Khandubhai Desai
- Binny Pathik
Use of IPO Funds
The funds raised will be used for capital expenditures and other corporate needs.
FAQs About the Upcoming IPO 12 November
**1. What is the price band of the **Mangal Compusolution Limited IPO?
The price band for the IPO is ₹45 per share.
2. When will the IPO open and close?
The IPO will open on 12th November 2024 and close on 14th November 2024.
3. What is the minimum investment for retail investors?
The minimum investment for retail investors is ₹135,000 for a minimum lot size of 3000 shares.
4. Who are the promoters of Mangal Compusolution Limited?
The promoters are Hardik Meghraj Jain, Nita Mukesh Desai, Pathik Mukesh Desai, Mukesh Khandubhai Desai, and Binny Pathik.
5. How will the funds raised from the IPO be used?
The funds will be used for capital expenditure and general corporate purposes.
IPO Key Dates
- IPO Open Date: 12th November 2024
- IPO Close Date: 14th November 2024
- Listing Date: To be announced
Conclusion
The Mangal Compusolution Limited IPO, opening on 12th November, presents a great investment opportunity for those looking to invest in the IT rental space. With a clear price band and straightforward application process, this IPO is one to watch. Make sure you subscribe before 14th November 2024!
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