Mangal Electrical Industries Lists at ₹556 on NSE, 0.89% Down From Issue Price

Mangal Electrical Industries made a subdued debut on the stock market today. Shares opened at ₹556 on NSE (-0.89%) and ₹558 on BSE (-0.53%) compared to the ₹561 issue price.

After the discounted listing, Mangal Electrical Industries shares were further 3% down to ₹541 as of 11:47 AM. 

Mangal Electrical Industries IPO Details

The public issue raised ₹400 crore through a fresh issuance of approximately 71.3 lakh shares, priced at ₹561. The IPO bidding window was open from Aug 20, 2025, to Aug 22, 2025, during which the IPO was oversubscribed 9.46 times. 

Among investor categories, non-institutional investors led the demand with 18.79 times subscription, followed by qualified institutional buyers (QIBs) at 10.54 times, while retail individual investors (RIIs) subscribed 4.84 times.

IPO proceeds are earmarked for repayment of debt, funding working capital requirements, general corporate purposes, and capital expenditure to expand the manufacturing facility, Unit IV, in Reengus, Sikar district.

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About Mangal Electrical Industries

Mangal Electrical Industries specialises in the processing of transformer components. This includes transformer laminations, CRGO slit coils, amorphous cores, coils, core assemblies, wound toroidal cores, and oil-immersed circuit breakers. Further for the power infrastructure industry, the company also manufactures transformers and customised products.

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