Mangal Electrical IPO
GMP, Subscription, Price, Dates & Financial Details
Electric Equipment
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…
Open Date
Wed, 20 Aug 2025
Close Date
Fri, 22 Aug 2025
Price Band
₹ 533 – 561
Lot Size
26
Issue Size
₹ 400.00 Cr
Minimum Investment
₹ 14,586 (26 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Mangal Electrical IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹400.00 Crore, comprising a fresh issue of 71.30 Lakh equity shares aggregating to ₹400.00 Crore.
The Mangal Electrical IPO remained open for subscription from August 20, 2025, to August 22, 2025. The basis of allotment was finalized on August 25, 2025, and the company's shares were listed on the NSE and BSE on August 28, 2025.
The company had fixed the price band at ₹533 to ₹561 per share, with a lot size of 26 shares. Retail investors were required to make a minimum investment of ₹14,586 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Systematix Corporate Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Mangal Electrical Industries Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Mangal Electrical IPO Timeline (Tentative)
- IPO Open Date
- Wed, 20 Aug 25
- IPO Close Date
- Fri, 22 Aug 25
- Basis of Allotment
- Mon, 25 Aug 25
- Initiation of Refunds
- Tue, 26 Aug 25
- Credit of Shares to Demat
- Tue, 26 Aug 25
- Listing Date
- Thu, 28 Aug 25 — NSE & BSE
Open Date
20 August 2025
Close Date
22 August 2025
Basis Of Allotment
25 August 2025
Listing Date
28 August 2025
IPO Subscription
Check Live Subscription →The Mangal Electrical IPO has received bids for 4,96,74,638 shares against 52,53,301 shares offered, resulting in an overall subscription of 9.46x. the NII category is subscribed 18.79x, Retail Investors 4.84x, and QIBs 10.54x. Within the NII category, BNII is subscribed 19.05x, while SNII is subscribed 18.27x.
QIB
10.54x
NII
18.79x
BNII
19.05x
SNII
18.27x
RII
4.84x
Total
9.46x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 26,26,642 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 15,00,955 shares (28.57%), while Non-Institutional Investors (NIIs) receive 11,25,704 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,500,955 | 28.57% |
| Non-Institutional | 1,125,704 | 21.43% |
| BNII | 750,470 | 14.29% |
| SNII | 375,234 | 7.14% |
| Retail Investors | 2,626,642 | 50% |
| Total | 5,253,301 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 366.46 | 246.54 | 221.26 |
| Revenue | 551.39 | 452.13 | 357.81 |
| Profit After Tax | 47.31 | 20.95 | 24.74 |
| Net Worth | 162.16 | 114.99 | 93.97 |
| Reserve & Surplus | 0 | 0 | 0 |
| Total Borrowings | 149.12 | 92.12 | 96.64 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Mangal Electrical Industries Limited KPI Information
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 29 | 18 | 26 |
| ROCE % | 25.38 | 19.92 | 23.24 |
| Debt / Equity | 0.92 | 0.8 | 1.03 |
| RoNW % | 34.14 | 20.05 | 30.32 |
| Pat Margin % | 8.61 | 4.66 | 6.98 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Mangal Electrical Industries Ltd | 10 | 0.00 | 23.08 | 23.08 | 34.14 | 79.10 |
| Vilas Transcore Ltd | 10 | 36.48 | 14.58 | 14.58 | 15.27 | 117.68 |
| Jay Bee Lamination Ltd | 10 | 18.28 | 12.31 | 12.31 | 24.11 | 65.42 |
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
Mangal Electrical Industries Limited Address / Contact Details
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
Mangal Electrical IPO Lot Size
The Mangal Electrical IPO has a lot size of 26 shares. Retail investors require a minimum investment of ₹14,586 by applying for 1 lot (26 shares). The maximum application allowed for the retail category is 13 lots (338 shares), requiring an investment of ₹1,89,618.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 26 | 14,586.00 |
| Retail (Max) | 13 | 338 | 189,618.00 |
| S-HNI (Min) | 14 | 364 | 204,204.00 |
| S-HNI (Max) | 68 | 1,768 | 991,848.00 |
| B-HNI (Min) | 69 | 1,794 | 1,006,434.00 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Book Running Lead Managers
- Systematix Corporate Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Mangal Electrical 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.
When will the Mangal Electrical IPO open for subscription?
The Mangal Electrical IPO opens on Wed, Aug 20, 2025 and closes on Fri, Aug 22, 2025
What is Mangal Electrical IPO Price Band?
Mangal Electrical IPO Price Band is ₹533 to 561 per share.
What is Mangal Electrical IPO Lot Size?
Mangal Electrical IPO lot size is 26 shares, Retail investors need a minimum investment of ₹14586 based on the upper price band
What is the minimum investment for Mangal Electrical IPO?
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.
How to apply for Mangal Electrical IPO?
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.
What is Mangal Electrical IPO Issue Size?
Mangal Electrical IPO issue size is ₹400 crores.
What is the Mangal Electrical IPO Allotment Date?
Mangal Electrical IPO allotment date is Mon, Aug 25, 2025.
Who is the Mangal Electrical IPO Registrar?
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.
What is the Mangal Electrical IPO GMP?
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 -0.53% over the issue price.
Who is the Mangal Electrical IPO Lead Manager?
The book-running lead managers (BRLMs) for the Mangal Electrical IPO are Systematix Corporate Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Mangal Electrical IPO Red Herring Prospectus (RHP).