Market Overview
The Mangal Electrical IPO is set to attract attention as it enters the primary market. The subscription period will start on August 20, 2025, and end on August 22, 2025.
The allotment process is scheduled for August 25, 2025, while the shares are expected to debut on BSE and NSE on August 28, 2025.
Key IPO Details
- Total Issue Size: ₹400 crore (fresh issue of 0.71 crore shares)
- Price Band: ₹533 – ₹561 per share
- Application Lot Size: 26 shares
Investment Segments
- Retail Investors: Minimum 26 shares → ₹13,858
- Small HNIs (NII): 14 lots (364 shares) → ₹2,04,204
- Large HNIs (NII): 69 lots (1,794 shares) → ₹10,06,434
The IPO will be led by Systematix Corporate Services Ltd. as the book running lead manager and Bigshare Services Pvt. Ltd. as the registrar.
About Mangal Electrical Industries
- Founded: 2008
- Core Business: Manufacturing of transformers for electricity transmission and distribution
- Expansion Plans: Capital expenditure at Unit IV in Reengus, Rajasthan
Financial Highlights
Mangal Electrical has demonstrated strong growth over the last fiscal year:
- Revenue Growth: 22% (FY24–FY25)
- Profit After Tax (PAT): Increased by 126%
These figures underline the company’s robust financial performance in the power sector.
Purpose of IPO Funds
The proceeds from the IPO will mainly be used for:
- Repayment or prepayment of existing loans
- Capital expenditure at Unit IV, Rajasthan
- Working capital requirements
- General corporate purposes
Key Risks
The company has highlighted raw material price volatility as a potential risk, which could affect:
- Operational efficiency
- Financial performance
- Cash flow stability
Summary
The Mangal Electrical IPO is scheduled to open on August 20, 2025, with a total issue size of ₹400 crore. Investors can bid within the ₹533–₹561 price band, with a minimum application of 26 shares. Strong financial growth and expansion plans make this IPO one to watch ahead of its listing on BSE and NSE on August 28, 2025.
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