Bookbuilding IPO | ₹400 Cr | Listed at BSE, NSE | Wed, Aug 20, 2025 - Fri, Aug 22, 2025
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 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 Open
Wed, Aug 20, 2025
IPO Close
Fri, Aug 22, 2025
Issue Price
₹561 per share
Market Cap (Pre-IPO)
₹1,550.05 Cr
| IPO Date | 20 to 22 Aug, 2025 |
| Listed on | Thu, Aug 28, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹533 to ₹561 |
| Issue Price | ₹561 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 71,30,124 shares (agg. up to ₹400 Cr) |
| Fresh Issue | 71,30,124 shares (agg. up to ₹400 Cr) |
| Share Holding Pre Issue | 2,05,00,000 shares |
| Share Holding Post Issue | 2,76,30,124 shares |
| BSE Script Code / NSE Symbol | 544492 / MEIL |
| ISIN | INE0PKD01011 |
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 | Max 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%) |
Investors can bid for a minimum of 26 shares and in multiples thereof.
| 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 |
Mangal Electrical IPO raises ₹120.00 crore from anchor investors. Mangal Electrical IPO Anchor bid date is August 19, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Aug 19, 2025 |
| Shares Offered | 21,39,020 |
| Anchor Portion (₹ Cr.) | 120.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Sep 23, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Nov 22, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 23.08 | 17.12 |
| P/E (x) | 24.31 | 32.77 |
| Promoter Holding | 100% | 74.19% |
| Market Cap | ₹1,550.05 Cr. |
The Mangal Electrical IPO is subscribed 9.95 times on August 22, 2025 5:04:34 PM (Day 3). The public issue subscribed 5.09 times in the retail category, 11.09 times in the QIB category, and 19.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 11.09 | 14,26,042 | 1,58,21,702 |
| NII | 19.78 | 10,69,519 | 2,11,52,300 |
| bNII (bids above ₹10L) | 20.05 | 7,13,012 | 1,42,95,476 |
| sNII (bids below ₹10L) | 19.23 | 3,56,506 | 68,56,824 |
| Retail | 5.09 | 24,95,544 | 1,26,95,800 |
| Total | 9.95 | 49,91,105 | 4,96,69,802 |
Total Application : 4,47,732
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | 18.14 |
| 2 | Commission/processing fee for SCSBs and Sponsor Banks. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.92 |
| 3 | Fees payable to the Registrar to the Issue | 0.62 |
| 4 | Advertising and marketing expenses | 0.39 |
| 5 | Other expenses: (i) Listing fees, SEBI and Stock Exchanges filing fees, book building software fees and other regulatory expenses; (ii) Printing and stationery expenses; (iii) Advertising and marketing expenses; (iv) Fees payable to the legal counsel; (v) Fees payable to the Statutory Auditors; (vi) Fees payable to industry service provider and practicing company secretary; (vii) Miscellaneous | 3.97 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹561.00 | ₹561.00 |
| Open | ₹558.00 | ₹556.00 |
| Low | ₹527.30 | ₹527.35 |
| High | ₹565.00 | ₹566.00 |
| Last Trade | ₹533.95 | ₹535.35 |
Lead Manager Reports
Mangal Electrical IPO is a main-board IPO of 71,30,124 equity shares of the face value of ₹10 aggregating up to ₹400 Crores. The issue is priced at ₹561 per share. The minimum order quantity is 26.
The IPO opens on Wed, Aug 20, 2025, and closes on Fri, Aug 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 Wed, Aug 20, 2025 and closes on Fri, Aug 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 Tue, Aug 26, 2025. Check the Mangal Electrical IPO allotment status.
The Mangal Electrical IPO listing date is on Thu, Aug 28, 2025.
