MANGAL ELECTRICAL INDUSTRIES LIMITED
₹ 533 - ₹ 561
20-Aug-2025 - 22-Aug-2025
₹ 14586.00

/ 26 Shares

MANGAL ELECTRICAL INDUSTRIES LIMITED

20-Aug-2025 - 22-Aug-2025

₹ 533 - ₹ 561

Price Band

₹ 14586.00

Minimum Investment

26

Bid Lot

7,130,124

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at BSE, NSE

  • 95,982 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Category % Shares/Amount
QIB 50% 3,565,061 Shares RS.200.00 CR
HNI 1 5% 356,506 Shares RS.20.CR @ 979 FORM 1X
HNI 2 10% 713,013 Shares RS.40.00 CR @ 1959 FORM 1X
Retail 35% 2,495,544 Shares RS.140.CR @ 95982 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
95982 FORM 1X 979 FORM 1X 1959 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 26 ₹ 14,586
Retail (Upto 2 Lakh) 13 338 ₹ 189,618
S-HNI (2 Lakh to 10 Lakh) 14 364 ₹ 204,204
S-HNI (2 Lakh to 10 Lakh) 68 1768 ₹ 991,848
B-HNI (Above 10 Lakh) 69 1794 ₹ 1,006,434

IPO Timeline

  • Open Date

    20-Aug-2025

  • Close Date

    22-Aug-2025

  • Basis of Allotment Date

    25-Aug-2025

  • Initiation of Refunds

    26-Aug-2025

  • Credit Shares to Demat A/c

    26-Aug-2025

  • IPO Listing Date

    28-Aug-2025

Subscription as on
22-Aug-2025 17:00

Category Book Size Subscription No. of Times
QIB 1,426,025 ₹ 80.00 Cr. 15,821,702 ₹ 887.60 Cr. 11.09x
HNI (<10 LAKH) 356,506 ₹ 20.00 Cr. 6,855,732 ₹ 384.61 Cr. 19.23x
HNI2 (>10 LAKH) 713,013 ₹ 40.00 Cr. 14,295,476 ₹ 801.98 Cr. 20.05x
RETAIL 2,495,544 ₹ 140.00 Cr. 12,683,762 ₹ 711.56 Cr. 5.08x
Total 4,991,088 49,656,672 9.95x
Category Book Size Subscription No. of Times
QIB 1,426,025 ₹ 80.00 Cr. 15,821,702 ₹ 887.60 Cr. 11.09x
HNI (<10 LAKH) 356,506 ₹ 20.00 Cr. 6,855,732 ₹ 384.61 Cr. 19.23x
HNI2 (>10 LAKH) 713,013 ₹ 40.00 Cr. 14,295,476 ₹ 801.98 Cr. 20.05x
RETAIL 2,495,544 ₹ 140.00 Cr. 12,683,762 ₹ 711.56 Cr. 5.08x
Total 4,991,088 49,656,672 9.95x

*Excluding Anchor

Total No. of Application Approx : ~429799 (4.48 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

Incorporated in 2008, Mangal Electrical Industries Limited is engaged in manufacturing the transformers that are used for the distribution and transmission of electricity in the power sector.

The company processes transformer components, including lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.

The company markets and sells its products under the brand name "Mangal Electrical," known for its strong reputation and high brand recall value.

The company trades CRGO and CRNO coils, and amorphous ribbons, and manufactures transformers (5 KVA to 10 MVA). It also provides EPC services for setting up electrical substations in the power infrastructure sector.

The company operates five production facilities in Rajasthan with an annual capacity of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for ICB, and 2,400 MT for amorphous units.

Products Portfolio:

The company manufactures and supplies critical components for transformers used in electricity distribution and transmission, including small, distribution, and large transformers, contributing to energy-saving electrical equipment.

  • CRGO Wide Coil: The company manufactures CRGO-wide coils with high magnetic permeability and low core loss, ideal for large transformers where high efficiency is crucial for optimal performance.
  • CRGO Slit Coil: The company manufactures precision slit coils from CRGO sheets, ensuring exact dimensions for transformer core construction, reducing energy loss, and enhancing efficiency in transformer production where precise sizing is essential.
  • CRGO Core Assembly: The company assembles CRGO laminations for core assemblies, ensuring low core loss and high efficiency, used in various transformers to minimize energy loss and optimize operational performance.

As of June 30, 2025, the company had 761 permanent employees in the registered and corporate offices and across all the units.

Read More

Strengths

Competitive Strengths:

  • Promoters exhibit strong leadership and are supported by experienced senior management.
  • Exhibition of certain approvals available to selected market players.
  • Diversified base of customers.
  • Strong backward and forward integration which ensures operational efficiency.
  • Proven track record of consistent growth.

Company Promoters

Company Financials

Period Ended 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 366.46 246.54 221.26
Total Income 551.39 452.13 357.81
Profit After Tax 47.31 20.95 24.74
EBITDA 81.84 42.63 44.42
Net Worth 162.16 114.99 93.97
Total Borrowing 149.12 92.12 96.64
Amount in ? Crore

Objects of the Issue

The Company Mangal Electrical IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No. Objects of the Issue Expected Amount (? in crores)
1 Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company 101.27
2 Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan 87.86
3 Funding working capital requirements of the Company 122.00
4 General corporate purposes

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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