Mangal Compusolution IPO Share Allotment Status To Be Finalised on November 18: Key Details Inside

The IPO market has been lively this year, with numerous offerings hitting the market. Investors have shown great enthusiasm, as seen with the Mangal Compusolution IPO, which closed 35 times oversubscribed. Retail investors particularly favoured this IPO, leading to their reserved portion being oversubscribed by 47 times. Now, investors are eagerly awaiting the share allotment date.

The allotment for Mangal Compusolution's IPO is scheduled for Monday, November 18th. Investors who participated in the IPO can expect their shares on this date. The IPO, which opened on November 14th on the BSE SME platform, received bids for over 11.85 crore shares against an offer of 34.2 lakh shares.

Investors who do not receive shares will get refunds. Those who successfully bid will see shares credited to their accounts by Tuesday, November 19th. The shares are expected to list on the BSE SME platform on November 21st. Note that the stock market will be closed on November 20th due to the Maharashtra Assembly elections.

To check the Mangal Compusolution IPO allotment status, visit the BSE website. Navigate to 'Status of Issue Application' and select 'Equity' under 'Issue Type'. Choose 'Mangal Compusolution' from the dropdown menu and enter your application or PAN number. Click 'I am not a Robot', then 'Search' to view your status.

Alternatively, you can check your allotment status on Kfin Technologies' website. Visit their official site and select one of the five provided links. Choose 'Mangal Compusolution Limited' from the issue name dropdown list and enter details like application number or PAN. Click 'Submit' to view your status.

Mangal Compusolution launched its IPO to raise 16.23 crore rupees by issuing 36.06 lakh new shares at 45 rupees each. Retail investors needed to purchase at least 3,000 shares, amounting to an investment of 1,35,000 rupees. The retail segment was oversubscribed by 46.9 times due to high demand, while non-institutional investors booked their portion 22.39 times.

Mangal Compusolution's Business Overview

Established in April 2011, Mangal Compusolution Limited provides IT equipment solutions and hardware rentals. Their offerings include laptops, desktops, servers, and other equipment. As of September 30, 2024, the company employed 24 people and plans to utilise the funds raised through this IPO for business expansion.