News: Manglam Infra and Engineering IPO Allotment Finalized Today! How to Check Your Status? A Step-by-Step Guide
The IPO allotment for Manglam Infra and Engineering is set to be finalized today. Investors can check their allotment status through the registrar, Bigshare Services Pvt. Ltd. The IPO, which was open from July 24 to July 26, received a tremendous response from all investor categories. The retail portion was subscribed 370 times, the NII portion 752 times, and the QIB portion 163 times.
Because of the high demand in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those who do not receive an allotment, Manglam Infra and Engineering will start the refund process for the application money on July 30, 2024.
Allotted shares will be credited to investors’ demat accounts on the same day as the refund process. Manglam Infra and Engineering is an SME IPO, and the shares are scheduled to be listed on the NSE SME platform, tentatively on July 31, 2024.
Overall, the IPO was subscribed 394 times, receiving bids for 1,217,184,000 shares against the available 3,086,000 shares. The IPO size was ₹27.62 crore, consisting of 49.32 lakh newly issued shares, priced between ₹53 to ₹56 per share.
How to Check Manglam Infra and Engineering IPO Allotment Status
If you applied for the Manglam Infra and Engineering IPO, you can check your allotment status on the IPO registrar’s website.
- Go to the Bigshare URL: Bigshare IPO Status.
- Select “Manglam Infra and Engineering IPO” from the list of firms.
- Choose the option to search by “PAN Number, Beneficiary ID, or Application No./CAF No.”
- Click “Search.”
You can view your Manglam Infra and Engineering IPO status on your phone or computer.
About Manglam Infra and Engineering
Manglam Infra and Engineering is an infrastructure consulting firm. Their main business is providing project management consulting services, which include preparing detailed project reports (DPRs), supervision and quality control (SQC), and operation and maintenance (O&M) for highways, roads, bridges, tunnels, and buildings/urban development projects.
The company works on various projects independently as well as through joint ventures and MoUs with other industry players. They cater to various state governments, including Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand, and Haryana, as well as the central government.
In its DRHP report, the company stated that it has completed a total of 127 projects, with 116 undertaken independently and 11 through joint ventures and MoUs. Currently, it has 45 ongoing projects, with 22 being undertaken independently and 23 through joint ventures and MoUs.
As of May 31, 2024, its order book, which includes anticipated revenues from the unexecuted portions of existing contracts (including signed contracts where all pre-conditions have been met and letters of acceptance issued by the client prior to final contract execution), was ₹78.91 crores, as per the DRHP report.
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