Mangal Electrical Industries Limited IPO
Mangal Electrical Industries Limited IPO
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Mangal Electrical Industries Limited's successfully completed its Initial Public Offering and commenced trading on 28-08-2025 at the NSE, BSE exchange. The company raised 71,30,124 Shares through this public offering, comprising 71,30,124 Shares in fresh capital.
The IPO was priced within the band of ₹533 to ₹561, with minimum application lots of 26 shares. The offering attracted significant investor interest during its subscription period from 20-08-2025 to 22-08-2025.
Share allotment was finalized on 25-08-2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Mangal Electrical IPO About Company
Mangal Electrical Industries Limited, incorporated in 2008, is engaged in manufacturing transformers used for the distribution and transmission of electricity in the power sector. The company processes various transformer components such as lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. Its products are marketed under the brand name “Mangal Electrical,” which enjoys a strong reputation and high brand recall value. In addition to manufacturing transformers ranging from 5 KVA to 10 MVA, the company trades in CRGO and CRNO coils as well as amorphous ribbons, and also provides EPC services for setting up electrical substations in the power infrastructure sector. With five production facilities in Rajasthan, it has 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. The company’s product portfolio includes critical components for transformers used in electricity distribution and transmission, covering small, distribution, and large transformers, all designed to contribute to energy-efficient electrical equipment. Its CRGO wide coils are known for high magnetic permeability and low core loss, making them ideal for large, high-efficiency transformers. The CRGO slit coils are precisely cut to ensure exact dimensions for transformer core construction, enhancing efficiency by reducing energy loss. The CRGO core assemblies are designed to ensure low core loss and high operational performance. As of June 30, 2025, the company employed 761 permanent staff across its registered office, corporate office, and all operational units
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mangal Electrical IPO Strength Factors
- Skilled Leadership Team: strong promoter support and experienced management driving growth
- Exclusive Regulatory Edge: special approvals that create barriers for competitors
- Broad Customer Reach: serves varied clients in the power sector, reducing reliance on one customer
Mangal Electrical IPO Risk Factors
- Raw Material Price Fluctuations: changes in CRGO and other inputs can affect margins and profits
- High Product Reliance: dependence on CRGO and transformer parts makes business vulnerable to sector downturns
- Operational Interruptions: manufacturing or supply chain issues can impact operations and cash flow
Mangal Electrical IPO Lead Manager(s)
- Systematix Corporate Services Limited
Mangal Electrical IPO Promoter(s)
- Rahul Mangal
- Ashish Mangal
- Saroj Mangal
- Aniketa Mangal
Mangal Electrical IPO FAQs
Mangal Electrical Industries Limited IPO subscribed 9.95 times. The public issue subscribed 5.09 times in the retail category,11.09times in QIB, and 20.05 times in the HNI (10+) category byNovember 21, 2025 11:11:18 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mangal Electrical IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Mangal Electrical IPO FAQs
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