Mangal Electrical Industries Share Price: IPO Price Band Fixed at Rs 533-561

Market Performance

Mangal Electrical Industries has set its IPO price band at Rs 533–561 per share. The public issue is scheduled to open on August 20 and close on August 22.

• Anchor investors bidding starts: August 19
• Allotment date: August 25
• Refunds & share credit: August 26
• Listing on exchanges: August 28

The IPO is a pure fresh issue worth Rs 400 crore, while the company’s market capitalization is projected at around Rs 1,550 crore at the upper end of the price band.

Main News

The company plans to use the IPO proceeds for:

• Debt repayment
• Capital expenditure – including civil works to expand Unit IV at Reengus, Sikar District, Rajasthan, optimizing space and enhancing storage capacity
• Funding working capital requirements

As of June 2025, total outstanding debt stood at Rs 254.89 crore.

Mangal Electrical Industries focuses on manufacturing transformer components, including:

• Transformer laminations
• CRGO slit coils
• Amorphous cores
• Coil and core assemblies
• Wound and toroidal cores
• Oil-immersed circuit breakers

Additionally, the company trades in CRGO and CRNO coils and amorphous ribbons, and manufactures transformers and customized products for the power infrastructure sector. Transformer capacities range from single-phase 5 KVA to three-phase 10 MVA units.

The company also provides EPC services for setting up electrical substations catering to the power sector.

Company Details

Mangal Electrical Industries operates five production facilities in Rajasthan with annual installed capacities:

• CRGO: 16,200 MT
• Transformers: 10,22,500 KVA
• ICB units: 75,000
• Amorphous units: 2,400 MT

As of June 2025, the total order book stood at Rs 294.20 crore.

Financial Snapshot FY25

• Revenue: Rs 549.42 crore (up from Rs 449.48 crore in FY24)
• Net profit: Rs 47.30 crore (up from Rs 20.94 crore in FY24)

The growth reflects strong demand for transformer components and power infrastructure products.

Summary

Mangal Electrical Industries’ IPO is attracting attention with its Rs 533–561 price band. With five production facilities, expanding capacity, and a robust order book, the company is positioning itself as a key player in India’s power infrastructure industry.

The IPO proceeds will be strategically utilized for debt repayment, expansion, and working capital, ensuring continued growth and operational efficiency.

Investors can expect the shares to be listed on exchanges by August 28, marking a significant milestone for the company’s growth trajectory.