Manglam Infra and Engineering Ltd made a strong impression on the stock market with its Initial Public Offering (IPO). The initial public offering (IPO) of Manglam Infra and Engineering Ltd made a significant impact on its debut on the NSE SME platform on July 31. The shares listed at a 90% premium, opening at Rs 106.40 each, compared to the issue price of Rs 56.
- IPO Type: Book-built issue.
- Total Size: Rs 27.62 crore.
- Fresh Issue: 49.32 lakh shares.
- Price Range: Rs 53 to Rs 56 per share.
- Minimum Lot Size: 2,000 shares.
- Minimum Investment for Retail Investors: Rs 1.12 lakh.
- Minimum Investment for High-Net-Worth Individuals (HNIs): Rs 2.24 lakh (minimum of 4,000 shares).
- Overwhelming response: The IPO received bids for 121.71 crore shares against the available 30.86 lakh shares.
- Stellar listing: Shares debuted at Rs 106.40, a 90% premium over the issue price of Rs 56.
- Retail investor interest: The retail portion of the IPO was subscribed 370 times, indicating strong retail participation.
