Mangal Electrical IPO 2025: Date, Price, Review, GMP & Allotment Status in India
Mangal Electrical Industries Ltd. is launching a book build IPO to raise ₹400.00 crores via a fresh issue of 71,30,124 shares. The company manufactures transformer components and provides EPC services for electrical substations in the power sector. Products are marketed under the “Mangal Electrical” brand, with a strong reputation in the industry. The IPO opens on August 20, 2025 and closes on August 22, 2025, with shares proposed to be listed on BSE and NSE. Allotment is expected on August 25, 2025, and listing on August 28, 2025.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | August 20, 2025 |
| IPO Close Date | August 22, 2025 |
| Listing Date | August 28, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Price Band | ₹533 to ₹561 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 71,30,124 shares (₹400.00 Cr) |
| Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE |
| Share Holding Pre Issue | 2,05,00,000 shares |
| Share Holding Post Issue | 2,76,30,124 shares |
| QIB Quota | Not more than 50% of the Net Issue |
| Retail Quota | Not less than 35% of the Net Issue |
| NII Quota | Not less than 15% of the Net Issue |
Market Lot Information
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,586 |
| Retail (Max) | 13 | 338 | ₹1,89,618 |
| S-HNI (Min) | 14 | 364 | ₹2,04,204 |
| S-HNI (Max) | 68 | 1,768 | ₹9,91,848 |
| B-HNI (Min) | 69 | 1,794 | ₹10,06,434 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | August 20, 2025 |
| IPO Close Date | August 22, 2025 |
| Tentative Allotment | August 25, 2025 |
| Initiation of Refunds | August 26, 2025 |
| Credit of Shares to Demat | August 26, 2025 |
| Tentative Listing Date | August 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 22, 2025 |
Promoters
- Rahul Mangal
- Ashish Mangal
- Saroj Mangal
- Aniketa Mangal
About the Company
Incorporated in 2008, Mangal Electrical Industries Limited manufactures transformer components for electricity distribution and transmission. It processes lamination, CRGO slit coils, amorphous cores, coil assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. The company trades CRGO and CRNO coils, amorphous ribbons, and manufactures transformers (5 KVA to 10 MVA). It also provides EPC services for setting up electrical substations. Operating five production facilities in Rajasthan, the company has a strong brand reputation and a diversified customer base. As of June 30, 2025, it employed 761 permanent staff.
Financial Performance
| Period Ended | Assets (₹ Cr) | Total Income (₹ Cr) | Profit After Tax (₹ Cr) | EBITDA (₹ Cr) | Net Worth (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|---|
| 31 Mar 2025 | 366.46 | 551.39 | 47.31 | 81.84 | 162.16 | 149.12 |
| 31 Mar 2024 | 246.54 | 452.13 | 20.95 | 42.63 | 114.99 | 92.12 |
| 31 Mar 2023 | 221.26 | 357.81 | 24.74 | 44.42 | 93.97 | 96.64 |
Key Financial Ratios (FY2025)
| KPI | Value |
|---|---|
| ROE | 29% |
| ROCE | 25.38% |
| Debt/Equity | 0.92 |
| RoNW | 34.14% |
| PAT Margin | 8.61% |
| EBITDA Margin | 14.90% |
| Price to Book Value | 7.09 |
| EPS (Pre IPO) | 23.08 |
| EPS (Post IPO) | 17.12 |
| P/E (Pre IPO) | 24.31 |
| P/E (Post IPO) | 32.77 |
Purpose of the IPO (Objects of the Issue)
| 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 for expanding the facility at Unit IV, Reengus Sikar District, Rajasthan | 87.86 |
| 3 | Funding working capital requirements of the Company | 122.00 |
| 4 | General corporate purposes | – |
Registrar & Contact Details
Registrar:
- Bigshare Services Pvt.Ltd.
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
Company Address:
Mangal Electrical Industries Ltd.C-61, C-61 (A&B), Road No. 1-C,
V. K. I. Area, Jaipur, Rajasthan, 302013
Phone: +91141-4036113
Email: compliance@mangals.com
Website: http://www.mangals.com/
Reviews
Brokerage and research house reviews for Mangal Electrical IPO are awaited.
