Mangal Electrical IPO Day 1: Check GMP, Subscription Status & Key Highlights
Mangal Electrical Industries IPO is opening today for public subscription. The bidding window for the 400 crore Initial Public Offering (IPO) will be open from August 20, 2025 till August 22, 2025. Mangal Electrical Industries Ltd is a manufacturer of transformer components and also provides engineering, procurement and construction (EPC) services.
Mangal Electrical Industries IPO allotment process is expected to be finalised on August 25, 2025 and the shares will be listed on both NSE and BSE. The tentative listing date is fixed as August 27, 2025.
Mangal Electrical IPO Details
Mangal Electrical IPO is a book build issue of ₹400.00 crores. The issue is entirely a fresh issue of 0.71 crore shares. The IPO price band is set between ₹533 - ₹561 and the minimum lot size for an application is 26. The minimum investment amount for retail investor is ₹13,858 (26 shares).
Systematix Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Mangal Electrical IPO Day 1 Subscription Status
(August 20, 2025, 5 PM)
On Day 1, Mangal Electrical IPO saw a subscription rate of 0.57 times. The public issue was subscribed 0.74 times in the retail category, 0.13 times in QIB (Ex Anchor), and 0.76 times in the NII category.
Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan.
- Funding working capital requirements of the Company.
- General corporate purposes.
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Mangal Electrical Industries Ltd - GMP Details
According to Business Standard, the Grey Market Premium (GMP) of Mangal Electrical Industries Ltd is ₹25 as of August 20, 2025, 08:53 a.m. This indicates that the estimated listing price can be ₹586 as per the upper price band, which is ₹561. The estimated gain per share is 4.46%.
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Source: Business Standard Media Report dated August 20, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
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.
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