Mangal Electrical IPO Details
The Mangal Electrical IPO is a book build issue with a total issue size of ₹400 cr, comprising of fresh issue of 7130124 equity shares. Mangal Electrical IPO opened for subscription on Aug 20, 2025 and closed on Aug 22, 2025. Mangal Electrical IPO is set price band at ₹533 to ₹561 per share, with a lot size of 26 shares. Minimum investment for Retail investors was ₹14,586.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 25, 2025, and listed on both the NSE and BSE on Aug 28, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Systematix Corporate Services Limited are the Book Running Lead Manager for the issue.
Before investing in the Mangal Electrical IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 533 – 561
- Lot Size
- 26
- Issue Size
- ₹400 Cr
- Minimum Investment
- ₹14586 (26 Shares)
- Listing Date
- 28 August 2025
Current GMP
₹-3 (-0.53%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Mangal Electrical Industries Limited
Mangal Electrical Industries Limited, incorporated in 2008, is an Indian manufacturer specializing in transformers and transformer components for the power infrastructure sector. The company operates under the brand "Mangal Electrical", recognized for its strong market reputation and high brand recall.
Core Business Activities
- Manufacturing & Processing:
- Transformer laminations
- CRGO slit coils and wide coils
- Amorphous cores and ribbons
- Coil and core assemblies
- Wound and toroidal cores
- Oil-immersed circuit breakers (ICBs)
- Transformers (5 KVA to 10 MVA)
- Trading:
- CRGO & CRNO coils
- Amorphous ribbons
- EPC Services:
- Turnkey projects for setting up electrical substations
Manufacturing Capacity
Operates 5 production facilities in Rajasthan with annual capacities of:
- 16,200 MT – CRGO
- 10,22,500 KVA – Transformers
- 75,000 units – ICBs
- 2,400 MT – Amorphous units
Certifications & Approvals
- ISO 9001:2015 and ISO 14001:2015
- NABL and PGCIL lab-approved
- PGCIL approval for processing transformers/reactors up to 400 kV
- NTPC approval for CRGO processing
- Uses Brockhaus Messtechnik (Germany) machinery for quality control
Key Customers
- Government & Municipal Utilities: Ajmer Vidyut Vitran Nigam Ltd, Jaipur Vidyut Vitran Nigam Ltd
- Private Sector: Voltamp Transformers Ltd, Western Electrotrans Pvt Ltd
Exports
Exported to countries including:
- Netherlands, UAE, Oman, USA, Italy, Nepal
(Export activity noted in Fiscals 2023–2025)
Employee Strength
As of June 30, 2025: 761 permanent employees
Competitive Strengths
- Strong promoter leadership and experienced management
- Selective regulatory approvals (e.g., PGCIL, NTPC)
- Diversified and loyal customer base
- Backward and forward integration for improved efficiency
- Proven track record of growth and expansion
Mangal Electrical IPO Promoters
- Rahul Mangal
- Ashish Mangal
- Saroj Mangal
- Aniketa Mangal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.19%
Mangal Electrical IPO Objective
The Company Mangal Electrical IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company
- Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan
- Funding working capital requirements of the Company
- General corporate purposes
Address / Contact Info
Mangal Electrical Industries Limited
C-61, C-61 (A&B), Road No. 1-C,
V. K. I. Area, Jaipur
302 013, Rajasthan, India
Phone: +91141-4036113
Email: compliance@mangals.com
Website: http://www.mangals.com/
IPO Snapshot
Book Running Lead Managers
- Systematix Corporate Services Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Mangal Electrical IPO is a Book-building IPO with a total issue size of ₹400 crore. The Mangal Electrical IPO price band is ₹533 to 561 per share. The Mangal Electrical IPO subscription opens on Wed, Aug 20, 2025, and closes on Fri, Aug 22, 2025. The Mangal Electrical IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Mangal Electrical IPO.
The Mangal Electrical IPO opens on Wed, Aug 20, 2025 and closes on Fri, Aug 22, 2025
Mangal Electrical IPO Price Band is ₹533 to 561 per share.
Mangal Electrical IPO lot size is 26 shares, Retail investors need a minimum investment of ₹14586 based on the upper price band
The minimum investment for Mangal Electrical IPO is ₹14586, based on one lot of 26 shares at the upper price band of ₹561 per share.
Investors can apply for the Mangal Electrical IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 22, 2025. The application amount remains blocked until the Mangal Electrical IPO allotment is finalized.
Mangal Electrical IPO issue size is ₹400 crores.
Mangal Electrical IPO allotment date is Wed, Jul 1, 2026.
The registrar for Mangal Electrical IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Mangal Electrical IPO allotment status, refund processing, and other IPO-related information.
The Mangal Electrical IPO GMP (Grey Market Premium) is ₹-3 as of Thu, Aug 28, 2025. Based on the upper price band of ₹561 per share, the estimated Mangal Electrical IPO listing price is ₹558, indicating a potential listing gain of approximately 0% over the issue price.