Mangal Electrical IPO Logo

Mangal Electrical IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Aug 20 to Aug 22 2025
Price Band ₹561
Current GMP ₹556(+0.89%)
Subscription 9.95 times

IPO Details

IPO Date
August 20, 2025 to August 22, 2025
Listing Date
August 28, 2025
Face Value
₹10 per share
Issue Price
₹561 per share
Lot Size
26 Shares
Sale Type
Fresh Capital
Total Issue Size
71,30,124 shares (aggregating up to ₹400.00 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
2,05,00,000 shares
Share Holding Post Issue
2,76,30,124 shares

IPO Subscription Details

Anchor Investors
1
QIB (Ex Anchor)
11.09
Non-Institutional Buyers
19.78
bNII (bids above ₹10L)
20.05
sNII (bids below ₹10L)
19.23
Retail Investors
5.09
Total **
9.95

Day Wise Sub

DayDay 1 Aug 20, 2025
QIB (Ex Anchor)0.13
NII0.76
NII (> ₹10L)0.62
NII (< ₹10L)1.02
Retail0.74
Total0.57
DayDay 2 Aug 21, 2025
QIB (Ex Anchor)0.14
NII4.42
NII (> ₹10L)3.67
NII (< ₹10L)5.91
Retail2.19
Total2.08
DayDay 3 Aug 22, 2025
QIB (Ex Anchor)11.09
NII19.78
NII (> ₹10L)20.05
NII (< ₹10L)19.23
Retail5.09
Total9.95

Day Wise GMP

Date28-08-2025
Price561.00
GMP-3(-0.53%)
Estimate List Price558
Date27-08-2025
Price561.00
GMP-5(-0.89%)
Estimate List Price556
Date26-08-2025
Price561.00
GMP3(0.53%)
Estimate List Price564
Date25-08-2025
Price561.00
GMP21(3.74%)
Estimate List Price582
Date24-08-2025
Price561.00
GMP14(2.50%)
Estimate List Price575
Date23-08-2025
Price561.00
GMP15(2.67%)
Estimate List Price576
Date22-08-2025
Price561.00
GMP15(2.67%)
Estimate List Price576
Date21-08-2025
Price561.00
GMP34(6.06%)
Estimate List Price595
Date20-08-2025
Price561.00
GMP33(5.88%)
Estimate List Price594
Date19-08-2025
Price561.00
GMP25(4.46%)
Estimate List Price586
Date18-08-2025
Price561.00
GMP0(0.00%)
Estimate List Price561
Date17-08-2025
Price561.00
GMP0(0.00%)
Estimate List Price561
Date16-08-2025
Price561.00
GMP0(0.00%)
Estimate List Price561
Date15-08-2025
Price561.00
GMP0(0.00%)
Estimate List Price561
Date14-08-2025
Price561.00
GMP0(0.00%)
Estimate List Price561

IPO Important Dates

IPO Open Date
Wed, Aug 20, 2025
IPO Close Date
Fri, Aug 22, 2025
Tentative Allotment
Mon, Aug 25, 2025
Initiation of Refunds
Tue, Aug 26, 2025
Credit of Shares to Demat
Tue, Aug 26, 2025
Tentative Listing Date
Thu, Aug 28, 2025
Cut-off time for UPI mandate confirmation
5 PM on August 22, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares26
Amount₹14,586
ApplicationRetail (Max)
Lots13
Shares338
Amount₹1,89,618
ApplicationS-HNI (Min)
Lots14
Shares364
Amount₹2,04,204
ApplicationS-HNI (Max)
Lots68
Shares1,768
Amount₹9,91,848
ApplicationB-HNI (Min)
Lots69
Shares1,794
Amount₹10,06,434

Financial Information

Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025366.46
31 Mar 2024246.54
31 Mar 2023221.26
Period EndedTotal Income
31 Mar 2025551.39
31 Mar 2024452.13
31 Mar 2023357.81
Period EndedProfit After Tax
31 Mar 202547.31
31 Mar 202420.95
31 Mar 202324.74
Period EndedEBITDA
31 Mar 202581.84
31 Mar 202442.63
31 Mar 202344.42
Period EndedNet Worth
31 Mar 2025162.16
31 Mar 2024114.99
31 Mar 202393.97
Period EndedTotal Borrowing
31 Mar 2025149.12
31 Mar 202492.12
31 Mar 202396.64

Peers Comparison

Company NameMangal Electrical Industries Limited
EPS (Basic)23.08
EPS (Diluted)23.08
NAV (per share) (Rs)79.10
P/E (x)
RoNW (%)34.14
P/BV Ratio
Company NameVilash Transcore Limited
EPS (Basic)14.58
EPS (Diluted)14.58
NAV (per share) (Rs)117.68
P/E (x)36.48
RoNW (%)15.27
P/BV Ratio4.54
Company NameJay Bee Laminations Limited
EPS (Basic)12.31
EPS (Diluted)12.31
NAV (per share) (Rs)65.42
P/E (x)18.28
RoNW (%)24.11
P/BV Ratio3.46

IPO Reservation

Investor CategoryQIB Shares Offered
Shares Offered35,65,062 (50.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered21,39,020 (30.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered14,26,042 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered10,69,519 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered7,13,012 (10.00%)
Maximum Allottees1,958
Investor Category− sNII < ₹10L
Shares Offered3,56,506 (5.00%)
Maximum Allottees979
Investor CategoryRetail Shares Offered
Shares Offered24,95,544 (35.00%)
Maximum Allottees95,982
Investor CategoryTotal Shares Offered
Shares Offered71,30,124 (100.00%)
Maximum Allottees

Information about company

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 strong reputation and high brand recall value. The company trades CRGO and CRNO coils, and amorphous ribbons, and manufactures transformers (5 KVA to 10 MVA). It also provides EPC services for setting up electrical substations in the power infrastructure sector. The company operates five production facilities in Rajasthan with an annual capacity of 16,200 MT for CRGO, 10,22,500 KVA for transformers, 75,000 units for ICB, and 2,400 MT for amorphous units. Products Portfolio: The company manufactures and supplies critical components for transformers used in electricity distribution and transmission, including small, distribution, and large transformers, contributing to energy-saving electrical equipment. CRGO Wide Coil: The company manufactures CRGO-wide coils with high magnetic permeability and low core loss, ideal for large transformers where high efficiency is crucial for optimal performance. CRGO Slit Coil: The company manufactures precision slit coils from CRGO sheets, ensuring exact dimensions for transformer core construction, reducing energy loss, and enhancing efficiency in transformer production where precise sizing is essential. CRGO Core Assembly: The company assembles CRGO laminations for core assemblies, ensuring low core loss and high efficiency, used in various transformers to minimize energy loss and optimize operational performance. As of June 30, 2025, the company had 761 permanent employees in the registered and corporate offices and across all the units. Competitive Strengths: Promoters exhibit strong leadership and are supported by experienced senior management. Exhibition of certain approvals available to selected market players. Diversified base of customers. Strong backward and forward integration which ensures operational efficiency. Proven track record of consistent growth.

Objectives of IPO

The Company Mangal Electrical IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company 101.27 2 Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan 87.86 3 Funding working capital requirements of the Company 122.00 4 General corporate purposes

Disclaimer

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