Mangal Electrical Industries IPO Allotment Status: Check Latest GMP, Steps to Verify Status

Mangal Electrical Industries launched its ₹400 crores IPO on August 20, 2025. The bidding window for the IPO closed on Friday, August 22, 2025.

The allotment process for Mangal Electrical Industries IPO is expected to be finalised today on August 25, 2025 and the company shares will be listed both on NSE and BSE. The tentative listing date is fixed as August 27, 2025.

Steps to Check Mangal Electrical Industries IPO Allotment Status on NSE

Here is the process to check Mangal Electrical Industries IPO Allotment Status on NSE:

1. Open the Application Status page of NSE here. 
2. Choose 'Equity & SME IPO bid details'. 
3. Select 'Mangal Electrical Industries Ltd’ from the list of companies. 
4. Enter your IPO application number and PAN details. 
5. Click on the submit button to check the details of the share allotment. 

Steps to Check Mangal Electrical Industries IPO Allotment Status Online On BSE

Here is the process to check Mangal Electrical Industries IPO Allotment Status on BSE:

• Click here to visit the application status page. 
• In Issue Type, “Equity”.
• In Issue Name, select “Mangal Electrical Industries Ltd”.
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a robot”.
• Click “Submit”.

Steps to Check Mangal Electrical Industries IPO Allotment Status on Bigshare Services Pvt Ltd (Registrar to the issue)

Here is the process to check Mangal Electrical Industries IPO Allotment Status on the registrar’s website:

• Visit the Bigshare Services’ IPO allotment status page here. 
• Click any of the server links. 
• In Company Selection, select “Mangal Electrical Industries Ltd”
• Enter any of the following details: 
• • Application Number, 
  • Beneficiary ID or 
  • PAN. 
• Enter the captcha and Click “Search.”

Mangal Electrical IPO Details

Mangal Electrical IPO was a book build issue of ₹400.00 crores. The issue was entirely a fresh issue of 0.71 crore shares. The IPO price band was set between ₹533 - ₹561 and the minimum lot size for an application was 26. The minimum investment amount for retail investor was ₹13,858 (26 shares).

Systematix Corporate Services Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.

Mangal Electrical IPO Overall Subscription Status

(August 22, 2025, 7 PM)

On Day 3, Mangal Electrical IPO saw a subscription rate of 9.46 times as per the NSE data. The public issue was subscribed 4.84 times in the retail category, 10.54 times in QIB, and 18.79 times in the NII category.

Mangal Electrical Industries Ltd - GMP Details

According to Business Standard, the Grey Market Premium (GMP) of Mangal Electrical Industries Ltd is ₹14 as of August 25, 2025, 07:10 a.m. This indicates that the estimated listing price can be ₹575 as per the upper price band, which is ₹561. The estimated gain per share is 2.5%.

Mangal Electrical Industries Ltd - Business Overview

Mangal Electrical Industries Ltd, incorporated in 2008 and converted to a public limited company in 2024, is a Jaipur-based manufacturer specializing in transformer components, complete transformers, and EPC substation solutions.

The company produces a wide range of transformer-related products including laminations, CRGO slit coils, amorphous, wound, and toroidal cores, coil-core assemblies, oil-immersed circuit breakers. It also provides turnkey EPC services for electrical substations.

The company’s financials saw consistent growth where revenue increased from ₹315.80 crore in FY23 to ₹551.39 crore in FY25, while profit after tax rose from ₹17.55 crore to ₹47.31 crore in the same period.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.