Indogulf Cropsciences IPO vs Mangal Electrical IPO

Comparison between Indogulf Cropsciences IPO and Mangal Electrical IPO.

IPO Details

Indogulf Cropsciences IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Mangal Electrical IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Indogulf Cropsciences IPO is up to ₹200.00 Cr whereas the issue size of the Mangal Electrical IPO is up to ₹400.00 Cr. The final issue price of Indogulf Cropsciences IPO is ₹111.00 per share and of Mangal Electrical IPO is ₹561.00 per share.

 Indogulf Cropsciences IPOMangal Electrical IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹105.00 per share₹533.00 per share
Issue Price (Upper)₹111.00 per share₹561.00 per share
Issue Price (Final)₹111.00 per share₹561.00 per share
Discount (Retail)
Discount (Employee)₹11.00 per share
Market Lot Size135 shares26 shares
Fresh Issue Size1,44,36,541 shares71,30,124 shares
Fresh Issue Size (Amount)up to ₹160.05 Crup to ₹400.00 Cr
OFS Issue Size36,03,603 shares0 shares
OFS Issue Size (Amount)up to ₹39.95 Crup to ₹0.00 Cr
Issue Size Total1,80,40,144 shares71,30,124 shares
Issue Size Total (Amount)up to ₹200.00 Crup to ₹400.00 Cr

IPO Timetable

Indogulf Cropsciences IPO opens on Jun 26, 2025, while Mangal Electrical IPO opens on Aug 20, 2025. The closing date of Indogulf Cropsciences IPO and Mangal Electrical IPO is Jun 30, 2025, and Aug 22, 2025, respectively.

 Indogulf Cropsciences IPOMangal Electrical IPO
Anchor Bid DateJun 25, 2025Aug 19, 2025
Issue OpenJun 26, 2025Aug 20, 2025
Issue CloseJun 30, 2025Aug 22, 2025
Basis Of Allotment (Tentative)Jul 01, 2025Aug 25, 2025
Initiation of Refunds (Tentative)Jul 02, 2025Aug 26, 2025
Credit of Share (Tentative)Jul 02, 2025Aug 26, 2025
Listing date (Tentative)Jul 03, 2025Aug 28, 2025
Anchor Lockin End date 1Jul 31, 2025Sep 23, 2025
Anchor Lockin End date 2Sep 29, 2025Nov 22, 2025

Financials & KPIs

Indogulf Cropsciences IPO P/E ratio is 19.18, as compared to Mangal Electrical IPO P/E ratio of 24.31.

 Indogulf Cropsciences IPOMangal Electrical IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets597.81542.25517.51413.59
Total Income466.31555.79552.19490.23
Profit After Tax21.6828.2322.4226.36
EBITDA44.7855.7449.0447.24
NET Worth265.43231.65203.25180.51
Reserves and Surplus216.64208.01179.60156.87
Total Borrowing206.30154.56189.22101.38
Amount in ₹ Crore

Company Financials (Restated)

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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets366.46246.54221.26
Total Income551.39452.13357.81
Profit After Tax47.3120.9524.74
EBITDA81.8442.6344.42
NET Worth162.16114.9993.97
Total Borrowing149.1292.1296.64
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.86100
Promoter Shareholding (Post-Issue)6874.19
P/E Ratio19.1824.31
Market Cap₹701.54 Cr.₹1550.05 Cr.
ROE12.2%29%
ROCE11.93%25.38%
Debt/Equity0.670.92
EPS₹5.79₹23.08
RoNW12.19%34.14%

Shares Offered

In the Indogulf Cropsciences IPO Retail Individual Investors (RII) are offered 61,17,117 shares while in Mangal Electrical IPO retail investors are offered 61,17,117 shares. Qualified Institutional Buyers (QIB) are offered 34,95,495 shares in Indogulf Cropsciences IPO and 14,26,041 shares in Mangal Electrical IPO.

 Indogulf Cropsciences IPOMangal Electrical IPO
Anchor Investor Reservation52,43,242 shares21,39,020 shares
Market Maker Reservation0 shares0 shares
QIB34,95,495 shares14,26,041 shares
NII26,21,622 shares10,69,519 shares
RII61,17,117 shares24,95,544 shares
Employee6,00,000 shares0 shares
Others
Total1,80,77,476 shares71,30,124 shares

Bids Received (Subscription)

Indogulf Cropsciences IPO subscribed 27.17x in total, whereas Mangal Electrical IPO subscribed 9.95x.

 Indogulf Cropsciences IPOMangal Electrical IPO
QIB (times)31.73x11.09x
NII (times)49.06x19.78x
Big NII (times)52.13x20.05x
Small NII (times)42.91x19.23x
RII (times)14.97x5.09x
Employee (times)
Other (times)
Total (times)27.17x9.95x

Compare with others

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Indogulf Cropsciences IPO Vs Mangal Electrical IPO