Jaro Institute IPO vs Mangal Electrical IPO

Comparison between Jaro Institute IPO and Mangal Electrical IPO.

IPO Details

Jaro Institute 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 Jaro Institute IPO is up to ₹450.00 Cr whereas the issue size of the Mangal Electrical IPO is up to ₹400.00 Cr. The final issue price of Jaro Institute IPO is ₹890.00 per share and of Mangal Electrical IPO is ₹561.00 per share.

 Jaro Institute IPOMangal Electrical IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹846.00 per share₹533.00 per share
Issue Price (Upper)₹890.00 per share₹561.00 per share
Issue Price (Final)₹890.00 per share₹561.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size16 shares26 shares
Fresh Issue Size19,10,112 shares71,30,124 shares
Fresh Issue Size (Amount)up to ₹170.00 Crup to ₹400.00 Cr
OFS Issue Size31,46,067 shares0 shares
OFS Issue Size (Amount)up to ₹280.00 Crup to ₹0.00 Cr
Issue Size Total50,56,179 shares71,30,124 shares
Issue Size Total (Amount)up to ₹450.00 Crup to ₹400.00 Cr

IPO Timetable

Jaro Institute IPO opens on Sep 23, 2025, while Mangal Electrical IPO opens on Aug 20, 2025. The closing date of Jaro Institute IPO and Mangal Electrical IPO is Sep 25, 2025, and Aug 22, 2025, respectively.

 Jaro Institute IPOMangal Electrical IPO
Anchor Bid DateSep 22, 2025Aug 19, 2025
Issue OpenSep 23, 2025Aug 20, 2025
Issue CloseSep 25, 2025Aug 22, 2025
Basis Of Allotment (Tentative)Sep 26, 2025Aug 25, 2025
Initiation of Refunds (Tentative)Sep 29, 2025Aug 26, 2025
Credit of Share (Tentative)Sep 29, 2025Aug 26, 2025
Listing date (Tentative)Sep 30, 2025Aug 28, 2025
Anchor Lockin End date 1Oct 26, 2025Sep 23, 2025
Anchor Lockin End date 2Dec 25, 2025Nov 22, 2025

Financials & KPIs

Jaro Institute IPO P/E ratio is 34.88, as compared to Mangal Electrical IPO P/E ratio of 24.31.

 Jaro Institute IPOMangal Electrical IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 2025
Assets276.70
Total Income254.02
Profit After Tax51.67
EBITDA83.58
NET Worth171.55
Reserves and Surplus151.31
Total Borrowing51.11
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)78.28100
Promoter Shareholding (Post-Issue)57.3274.19
P/E Ratio34.8824.31
Market Cap₹1971.91 Cr.₹1550.05 Cr.
ROE35.76%29%
ROCE37.38%25.38%
Debt/Equity0.300.92
EPS₹25.52₹23.08
RoNW30.12%34.14%

Shares Offered

In the Jaro Institute IPO Retail Individual Investors (RII) are offered 17,69,663 shares while in Mangal Electrical IPO retail investors are offered 17,69,663 shares. Qualified Institutional Buyers (QIB) are offered 10,11,236 shares in Jaro Institute IPO and 14,26,041 shares in Mangal Electrical IPO.

 Jaro Institute IPOMangal Electrical IPO
Anchor Investor Reservation15,16,853 shares21,39,020 shares
Market Maker Reservation0 shares0 shares
QIB10,11,236 shares14,26,041 shares
NII7,58,427 shares10,69,519 shares
RII17,69,663 shares24,95,544 shares
Employee0 shares0 shares
Others
Total50,56,179 shares71,30,124 shares

Bids Received (Subscription)

Jaro Institute IPO subscribed 23.20x in total, whereas Mangal Electrical IPO subscribed 9.95x.

 Jaro Institute IPOMangal Electrical IPO
QIB (times)37.19x11.09x
NII (times)37.32x19.78x
Big NII (times)35.59x20.05x
Small NII (times)40.77x19.23x
RII (times)9.15x5.09x
Employee (times)
Other (times)
Total (times)23.20x9.95x

Compare with others

Compare: