Mangal Electrical IPO
Mangal Electrical IPO is a book-built issue with a total size of ₹400.00 crore. The issue comprises a fresh issue of 0.71 crore equity shares, valued at ₹400.00 crore. The subscription for this ...
The IPO is proposed to list on both BSE and NSE, with the tentative listing date scheduled for August 28, 2025. The price band for Mangal Electrical IPO has been fixed between ₹533.00 to ₹561.00 per share. The lot size for retail investors is 26 shares, requiring a minimum investment of ₹13,858.
For small non-institutional investors (sNII), the application size is 14 lots, or 364 shares, amounting to ₹2,04,204. For big non-institutional investors (bNII), the lot size is 69 lots, or 1,794 shares, amounting to ₹10,06,434.
Systematix Corporate Services Limited is acting as the book-running lead manager for this issue, while Bigshare Services Private Limited has been appointed as the registrar. Investors may refer to the RHP for detailed information.
Read moreIPO Timeline
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20 Aug 2025Bidding Starts
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22 Aug 2025Bidding Ends
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25 Aug 2025Allotment Finalization
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26 Aug 2025Refund Date
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26 Aug 2025Demat Date
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28 Aug 2025Listing Date
Mangal Electrical IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 221.26 Cr | 357.81 Cr | 24.74 Cr |
| Mar 2024 | 246.54 Cr | 452.13 Cr | 20.95 Cr |
| Mar 2025 | 366.46 Cr | 551.39 Cr | 47.31 Cr |
About Mangal Electrical IPO
Mangal Electrical Industries Limited is engaged in the processing and manufacturing of transformer components and power infrastructure products. The company deals in transformer laminations, Cold R ...
It also trades in Cold Rolled Grain Oriented (CRGO) coils, Cold Rolled Non-Oriented (CRNO) coils, along with amorphous ribbons. In addition, the company manufactures transformers ranging from single-phase 5 KVA units to three-phase 10 MVA medium-power units and offers EPC services for electrical sub-station projects.
The company operates five production facilities in Rajasthan with an annual capacity of 16,200 MT for CRGO, 7,50,000 KVA for transformers, 75,000 units for circuit breakers, and 2,400 MT for amorphous units. Plans are in place to expand the Unit IV facility to meet growing demand.
Mangal Electrical Industries Limited holds approvals from NABL and PGCIL, ensuring high-quality standards, and is ISO 9001:2015 and ISO 14001:2015 certified. Approvals for CRGO processing have also been obtained from NTPC. The use of advanced German technology, such as Brockhaus Messtechnik machinery, further supports efficient production and quality control.
The company serves a diverse customer base that includes government utilities like Ajmer Vidyut Vitran Nigam Limited and Jaipur Vidyut Vitran Nigam Limited, as well as private players such as Voltamp Transformers Limited.
Its products are also exported to countries including the Netherlands, UAE, Oman, and the USA. With a strong brand presence under the name “Mangal Electrical,” the company reported an order book of ₹9,787.10 lakh as of November 30, 2024.
Read moreMangal Electrical IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to utilise funds for repayment or prepayment of certain outstanding borrowings to reduce debt burden.
- Capital expenditure for expansion of Unit IV at Reengus and civil works at the Jaipur head office to optimise space and enhance storage capacity.
- Funding the company’s working capital requirements to support business operations.
- General corporate purposes to strengthen overall growth and future opportunities.
Mangal Electrical IPO Promoter Holding
The promoters of the company include Rahul Mangal, Ashish Mangal, Saroj Mangal and Aniketa Mangal.
Share Holding Pre-Issue
100.00%
Share Holding Post Issue 
74.19%
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
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