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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 started from Aug 20, 2025 and ended on Aug 22, 2025. The allotment for Mangal Electrical IPO was finalized on Aug 25, 2025. The shares got listed on BSE, NSE on Aug 28, 2025.
Mangal Electrical IPO price band is set at ₹561.00 per share . The lot size for an application is 26. The minimum amount of investment required by an retail is ₹14,586 (26 shares) (based on upper price). 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.
Refer to Mangal Electrical IPO RHP for detailed Information.
| IPO Date | August 20, 2025 to August 22, 2025 |
| Listing Date | August 28, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹533 to ₹561 per share |
| Issue Price Final | ₹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 |
Mangal Electrical IPO offers total 71,30,124 shares. Out of which 35,65,061 (50.00%) allocated to QIB, 14,26,041 (20.00%) allocated to QIB (Ex- Anchor), 10,69,519 (15.00%) allocated to NII, 24,95,544 (35.00%) allocated to RII and 21,39,020 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 35,65,061 (50.00%) | NA |
| − Anchor Investor Shares Offered | 21,39,020 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 14,26,041 (20.00%) | NA |
| NII (HNI) Shares Offered | 10,69,519 (15.00%) | NA |
| − bNII > ₹10L | 7,13,013 (10.00%) | 1,958 |
| − sNII < ₹10L | 3,56,506 (5.00%) | 979 |
| Retail Shares Offered | 24,95,544 (35.00%) | 95,982 |
| Total Shares Offered | 71,30,124 (100.00%) |
Mangal Electrical IPO raises ₹120.00 crore from anchor investors. Mangal Electrical IPO Anchor bid date is August 19, 2025. Mangal Electrical IPO Anchor Investors list
| Bid Date | August 19, 2025 |
| Shares Offered | 21,39,020 |
| Anchor Portion Size (In Cr.) | 120.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 23, 2025 |
Mangal Electrical IPO opens on August 20, 2025, and closes on August 22, 2025.
| 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 Fri, Aug 22, 2025 |
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 | 1,768 | ₹9,91,848 |
| B-HNI (Min) | 69 | 1,794 | ₹10,06,434 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 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.
As of June 30, 2025, the company had 761 permanent employees in the registered and corporate offices and across all the units.
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| 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 |
| Total Borrowing | 149.12 | 92.12 | 96.64 |
| Amount in ₹ Crore | |||
The market capitalization of Mangal Electrical IPO is ₹1550.05 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 23.08 | 17.12 |
| P/E (x) | 24.31 | 32.77 |
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 | 64.84 |
[Dilip Davda] MEIL specializes in processing transformer components, primarily in CRGO segment. It marked growth in its top lines for the reported periods. It suffered a setback in bottom lines for FY24, following escalation of costs for carried over supplies. Based on its recent financial data, the IPO appears aggressively priced. Well-informed/cash surplus investors may park moderate funds for long term. Read detail review...
| Listing Date | August 28, 2025 |
| BSE Script Code | 544492 |
| NSE Symbol | MEIL |
| ISIN | INE0PKD01011 |
| Final Issue Price | ₹561 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | B |
Mangal Electrical Industries Ltd.
C-61, C-61 (A&B),
Road No. 1-C,
V. K. I. Area,
Jaipur, Rajasthan, 302013
Phone: +91141-4036113
Email: compliance@mangals.com
Website: http://www.mangals.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mangal Electrical IPO is a main-board IPO of 71,30,124 equity shares of the face value of ₹10 aggregating up to ₹400.00 Crores. The issue is priced at ₹561 per share. The minimum order quantity is 26.
The IPO opens on August 20, 2025, and closes on August 22, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Mangal Electrical IPO using UPI as a payment gateway. Zerodha customers can apply in Mangal Electrical IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mangal Electrical IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mangal Electrical IPO opens on August 20, 2025 and closes on August 22, 2025.
Mangal Electrical IPO lot size is 26, and the minimum amount required for application is ₹14,586.
You can apply in Mangal Electrical IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mangal Electrical IPO will be done on Monday, August 25, 2025, and the allotted shares will be credited to your demat account by Tuesday, August 26, 2025. Check the Mangal Electrical IPO allotment status.
The Mangal Electrical IPO listing date is on Thursday, August 28, 2025.
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