Company Profile
Mangal Electrical Industries Ltd., founded in 2008,
specializes in manufacturing transformer components—including laminations, CRGO
slit coils, amorphous cores, and oil-immersed circuit breakers. The company
also provides EPC solutions for power substations, catering to both private and
government energy sectors. With multiple modern manufacturing units and
certifications, Mangal Electrical has a robust domestic and international
client base.
IPO Key Details
|
Item |
Details |
|
IPO Subscription Window |
August 20, 2025 – August 22, 2025 |
|
Allotment Date |
August 25, 2025 |
|
Refund Initiation |
August 26, 2025 |
|
Share Credit |
August 26, 2025 |
|
Listing Date |
August 28, 2025 (NSE, BSE) |
|
Issue Size |
₹400 crore (fresh issue) |
|
Shares Offered |
71,30,124 |
|
Price Band |
₹533 – ₹561 per share |
|
Lot Size |
26 shares (₹14,586) |
|
Face Value |
₹10 per share |
|
IPO Type |
Bookbuilding IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
|
Lead Manager |
Systematix Corporate Services |
|
Sector |
Power infrastructure, transformer components |
|
Promoter Post-IPO Holding |
74.19% |
|
Order Book (June 2025) |
₹294 crore |
|
FY25 Revenue |
₹549 crore |
|
FY25 Net Profit (PAT) |
₹47 crore |
Use of Proceeds
- Expansion
of manufacturing unit (Unit IV, Rajasthan)
- Repayment
of borrowings
- Working
capital requirements
- General
corporate purposes
Subscription & Allotment Status
- On
Day 3, the IPO received 3.10x total subscription—3.03x by retail
investors, 7.22x by Non-Institutional Investors (NII), affirming strong
demand from all categories.
GMP (Grey Market Premium) Trend
|
GMP Date |
IPO Price |
GMP |
Estimated Listing Price |
Listing Gain (%) |
|
21-08-2025 |
₹561 |
₹33 |
₹594 |
5.88% |
|
20-08-2025 |
₹561 |
₹33 |
₹594 |
5.88% |
|
19-08-2025 |
₹561 |
₹21 |
₹582 |
3.74% |
- As
of August 21, 2025, the GMP is ₹33 per share, suggesting strong expected
listing gains. However, the GMP is unofficial and can change rapidly.
Company Strengths & Risks
Strengths:
- Leading
position in transformer solution segment
- Strong
revenue and profit growth
- Large
and diversified order book
- Government
and private sector contracts
Risks:
- Competitive
landscape in the power sector
- Business
linked to infrastructure and economic cycles
- Valuation
at upper band (P/E multiple)
How to Apply
- Investors
can apply via ASBA using net banking or UPI through a registered
broker/trading app.
- Minimum
bid: 1 lot (26 shares), ₹14,586.
- Available
for retail, HNI, and institutional categories.
- Funds
blocked until allotment is finalized on August 25, 2025.
Disclaimer
This blog is for informational purposes only. It should not
be taken as investment advice. Please do your own research and consult a
financial advisor before investing.
