Mangal Electrical IPO
Mangal Electrical IPO
Overview
Mangal Electrical IPO is a book build issue of ₹400.00 crores. The issue is entirely a fresh issue of 0.71 crore shares of ₹400.00 crore. Mangal Electrical IPO bidding opened for subscription on Aug 20, 2025 and will close on Aug 22, 2025. The allotment for the Mangal Electrical IPO is expected to be finalized on Aug 25, 2025. Mangal Electrical IPO will list on BSE, NSE with a tentative listing date fixed as Aug 28, 2025. Mangal Electrical IPO price band is set at ₹533.00 to ₹561.00 per share . The lot size for an application is 26. The minimum amount of investment required by an retail is ₹13,858 (26 shares). The lot size investment for sNII is 14 lots (364 shares), amounting to ₹2,04,204, and for bNII, it is 69 lots (1,794 shares), amounting to ₹10,06,434. Systematix Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Total Shares
71,30,124
Issue Size
₹400.00 Cr
Price Band
₹561 – ₹561
Lot Size
26 shares
Min. Investment
₹14,586
Max. Investment
₹1,89,618
Open Date
20 Aug, 2025
Close Date
22 Aug, 2025
Allotment
25 Aug, 2025
Listing
28 Aug, 2025
Max. Investment
₹1,89,618
Announced
20 Aug, 2025
Opening Date
20 Aug, 2025
Closing Date
22 Aug, 2025
Basis of Allotment
25 Aug, 2025
Initiation of Refunds
26 Aug, 2025
Credit of Shares
26 Aug, 2025
Listing Date
28 Aug, 2025
Live GMP
Est. Listing: ₹579
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Mangal Electrical IPO
Incorporated in 2008, Mangal Electrical Industries Limited is engaged in manufacturing the transformers that are used for the distribution and transmission of electricity in the power sector.
The company processes transformer components, including lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.
The company markets and sells its products under the brand name \Mangal Electrical,\ known for its st
Mangal Electrical IPO Share Price
Issue Breakdown
Shareholding
Dilution: 34.8% increase in shares
Mangal Electrical IPO Promoters Holding
Mangal Electrical IPO Financial Health
Mangal Electrical Industries Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 126% between the financial year ending with March 31, 2025 and March 31, 2024.
Mangal Electrical IPO Lot Size
Investors can bid for a minimum of 26 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,586 |
| Retail (Max) | 13 | 338 | ₹1,89,618 |
| S-HNI (Min) | 14 | 364 | ₹2,04,204 |
| S-HNI (Max) | 68 | 1768 | ₹9,91,848 |
| B-HNI (Min) | 69 | 1794 | ₹10,06,434 |
(All values in CR)
Mangal Electrical IPO Valuations
| Metric | Value |
|---|---|
| ROE | 29 |
| ROCE | 25.38 |
| Debt/Equity | 0.92 |
| RoNW | 34.14 |
| PAT Margin | 8.61 |
| EBITDA Margin | 14.90 |
| Price to Book Value | 7.09 |
(All values in CR)
Mangal Electrical IPO Strength & Risk
Mangal Electrical IPO Strength:
Large manufacturing capacity across five plants in Rajasthan.
Multiple certifications (NABL, PGCIL, ISO, NTPC) enhancing credibility.
Backward integration in critical raw materials (CRGO, amorphous, ICB).
Diversified domestic and global customer base.
IPO proceeds aimed at debt reduction and capacity expansion.
Mangal Electrical IPO Risk:
Volatility in raw material prices affecting margins.
High dependence on tender-based contracts in a competitive market.
Execution risk in upcoming expansion projects.
Profit decline in FY24 despite revenue growth.
No long-term contracts with suppliers/customers; risk of supply issues.
Dependence on contract labour and third-party logistics.
Mangal Electrical IPO Subscriptions Status
Mangal Electrical IPO subscribed 9.79 times. The public issue subscribed 4.81 times in the retail category, 11.09 times in QIB (Ex Anchor), and 19.69 times in the NII category by August 22, 2025 4:04:32 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 21,39,020 | 21,39,020 | 120 |
| QIB (Ex Anchor) | 11.09 | 14,26,042 | 1,58,21,702 | 887.6 |
| Non-Institutional Buyers | 19.69 | 10,69,519 | 2,10,58,024 | 1 |
| bNII (bids above ₹10L) | 20.05 | 7,13,012 | 1,42,95,476 | 801.98 |
| sNII (bids below ₹10L) | 18.97 | 3,56,506 | 67,62,548 | 379.38 |
| Retail | 4.81 | 24,95,544 | 1,20,03,264 | 673.38 |
| Total | 9.79 | 49,91,105 | 4,88,82,990 | 2 |
Mangal Electrical IPO GMP
Mangal Electrical IPO last GMP is ₹18, last updated Aug 22nd 2025 03:30 PM. With the price band of 561.00, Mangal Electrical IPO's estimated listing price is ₹579 (cap price + today's GMP).The expected percentage gain/loss per share is 3.21%. >> Mangal Electrical IPO Retail Subject to Sauda: ₹400 >> Mangal Electrical IPO Small HNI Subject to Sauda: ₹5600 The lowest GMP is ₹0.00, while the highest GMP is ₹34.00.
Last updated 22 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 22 Aug, 2025 | 561 | ₹18▼ | 400/5600 | ₹579 (3.21%) | 468 | 22 Aug, 2025 |
| 21 Aug, 2025 | 561 | ₹34▲ | 700/9800 | ₹595 (6.06%) | 884 | 21 Aug, 2025 |
| 20 Aug, 2025 | 561 | ₹33▲ | 700/9800 | ₹594 (5.88%) | 858 | 20 Aug, 2025 |
| 19 Aug, 2025 | 561 | ₹25▲ | 500/7000 | ₹586 (4.46%) | 650 | 19 Aug, 2025 |
| 18 Aug, 2025 | 561 | ₹0 | - | ₹561 (0.00%) | - | 18 Aug, 2025 |
| 17 Aug, 2025 | 561 | ₹0 | - | ₹561 (0.00%) | - | 17 Aug, 2025 |
| 16 Aug, 2025 | 561 | ₹0 | - | ₹561 (0.00%) | - | 16 Aug, 2025 |
| 15 Aug, 2025 | 561 | ₹0 | - | ₹561 (0.00%) | - | 15 Aug, 2025 |
| 14 Aug, 2025 | 561 | ₹0 | - | ₹561 (0.00%) | - | 14 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Mangal Electrical IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Mangal Electrical IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.