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Mangal Electrical Industries Limited

Mangal Electrical Industries Limited launched a book-built IPO of ₹400 crore, consisting entirely of a fresh issue of 0.71 crore shares. The IPO bidding opened on August 20, 2025, and closed on August 22, 2025, with allotment finalized on August 25, 2025. The shares were subsequently listed on BSE and NSE on August 28, 2025.

The IPO was priced at ₹561 per share, with a lot size of 26 shares. Retail investors could apply for a minimum of 26 shares, requiring an investment of ₹14,586 at the upper price. Small high-net-worth investors (sNII) had a minimum application of 14 lots (364 shares), amounting to ₹2,04,204, while big HNIs (bNII) had a minimum of 69 lots (1,794 shares), requiring ₹10,06,434.

Systematix Corporate Services Ltd. acted as the book-running lead manager, and Bigshare Services Pvt. Ltd. served as the registrar for the issue. This IPO provided investors an opportunity to participate in Mangal Electrical’s growth in the transformer manufacturing and power infrastructure sector.

Mangal Electrical Industries Limited IPO & Charts
₹561

0%

Open

₹561

HIgh - Low

₹561

Previous Close

₹561

Total Traded Value

0

52 Weeks High

₹561

52 Weeks Low

₹561

Updates On

Aug 15, 2025

IPO. Open

Aug 20, 2026

IPO. Close

Aug 22, 2026

IPO. Price

₹561.00

IPO Market price

₹1,550.05 Cr

IPO Details

IPO Date 28 Aug
IPO Listing Date 28 Aug
IPO Face Value ₹10 per share
IPO Price Range ₹561.00
IPO Issue Size 71,30,124 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE NSE Platform
hare Holding Pre Issue 2,05,00,000 shares

IPO Timeline

IPO Open Date 20 Aug
IPO Close Date 22 Aug
IPO Allotment (Tentative) 25 Aug
Refunds 26 Aug
Credit to Demat Account 26 Aug
IPO Listing Date 28 Aug

IPO Reservation

Category Offer
QIB Shares Offered 35,65,061 Shares
NII (HNI) Shares Offered 10,69,519 Shares
Retail Shares Offered 24,95,544 Shares

IPO Lot Size

Investors can bid for a minimum of 26 shares, with additional shares to be purchased in multiples of 26.

Application Lots Share 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 1,768 ₹9,91,848
B-HNI (Min) 69 1,794 ₹10,06,43
About Company

Incorporated in 2008, Mangal Electrical Industries Limited is a leading manufacturer of transformers and critical electrical components used in power distribution and transmission. The company specializes in processing laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers, catering to the energy sector. Its products are marketed under the brand “Mangal Electrical”, which enjoys strong brand recognition and high recall in domestic markets.

The company also trades CRGO and CRNO coils and amorphous ribbons, manufactures transformers ranging from 5 KVA to 10 MVA, and provides EPC services for electrical substations in the power infrastructure sector. Operating five production facilities in Rajasthan, the company has an annual manufacturing capacity of 16,200 MT for CRGO, 10,22,500 KVA for transformers, 75,000 units for oil-immersed circuit breakers, and 2,400 MT for amorphous units.

Product Portfolio:

CRGO Wide Coils: High magnetic permeability and low core loss, suitable for large transformers to ensure energy efficiency.

CRGO Slit Coils: Precision-cut coils for transformer core construction, minimizing energy loss.

CRGO Core Assemblies: Laminated core assemblies ensuring low core loss and high operational efficiency.

Transformers: Small, distribution, and large transformers designed for energy-efficient power distribution.

As of June 30, 2025, the company employed 761 permanent staff across corporate offices and production units.

Competitive Strengths:

Strong leadership and experienced senior management.

Access to certain specialized approvals available only to select market players.

Diversified customer base across the power sector.

Robust backward and forward integration ensuring operational efficiency.

Proven track record of consistent growth and reliable delivery of high-quality electrical solutions.

Mangal Electrical Industries Ltd. reported a 22% increase in revenue and a 126% rise in profit after tax (PAT) for the financial year ended March 31, 2025, compared to the year ended March 31, 2024.

Company Financials (Consolidated)

Assets 366.46 246.54 221.26
Total Income 551.39 452.13 357.81
Profit After Tax 47.31 20.95 24.74
EBITDA 81.84 42.63 44.42
NET Worth 162.16 114.99 93.97
Reserves and Surplus - - -
Total Borrowing 149.12 92.12 96.64

Key Performance Indicator (KPI)

ROE 29.00%
ROCE 25.38%
Debt/Equity 0.92
RoNW 34.14%
PAT Margin 8.61%
EBITDA Margin 14.90%
Price to Book Value 7.09
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement 122
3 To meet out the General Corporate Purposes; 64.84
4 Offer for Sale (OFS) -

Contact Details

Mangal Electrical Industries Ltd. Address
C-61, C-61 (A&B),
Road No. 1-C,
V. K. I. Area,
Jaipur, Rajasthan, 302013
+91141-4036113
compliance@mangals.com

Detail Registrar

IPO Registrar

Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com

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