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(As on Nov 07, 2024, 16:50)

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Mangal Compusolution announces launch of initial public offering

Mangal Compusolution Ltd. has announced public offering of 3606000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 1,622.70 lakhs.

The company's initial public offer (IPO) will open on 12 November 2024 and is expected to close on 14 November 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 3606000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Mangal Compusolution Ltd. anticipates using the proceeds of the issue for .

Jawa Capital Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.

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