Mangal Electrical Industries IPO – Key Dates, Price Band, GMP & All You Should Know
Mangal Electrical Industries IPO is now open for subscription, and it’s catching attention with its transformer components business and a modest Grey Market Premium (GMP). Let’s break down all the essential details in simple terms—for anyone considering applying.
Table of Contents
- IPO Overview
- About the Company
- Financial Snapshot
- IPO Use of Funds
- Grey Market Premium (GMP)
- Subscription Status
- Allotment & Listing Dates
- Positives & Risks
- FAQs
IPO Overview
| Issue Size | ₹400 Crore (Fresh Issue) |
|---|---|
| Price Band | ₹533 – ₹561 per share |
| Lot Size | 26 shares |
| Min Investment | ₹14,586 |
| IPO Open | 20 August 2025 |
| IPO Close | 22 August 2025 |
| Listing Date (Tentative) | 28 August 2025 |
| Registrar | Bigshare Services Pvt Ltd |
About the Company
Mangal Electrical Industries Ltd. manufactures critical transformer components—like CRGO slit coils, amorphous cores, laminations, oil-immersed circuit breakers—and also offers transformer and EPC solutions. They operate from five locations in Rajasthan, supplying products across India and internationally. They had an order book of ₹97.87 crore as of November 2024.
Financial Snapshot (FY2025 vs FY2024)
- Revenue: ₹549.4 Cr (FY25) vs ₹452.1 Cr (FY24)
- PAT: ₹47.3 Cr vs ₹20.9 Cr
- P/E Ratio: ~24.3× (offers reasonable valuation compared to peers)
IPO Use of Funds
The IPO proceeds are allocated toward:
- Repayment or prepayment of outstanding borrowings
- Expansion of Unit IV at Reengus (Reengus, Sikar District, Rajasthan)
- Working capital needs
- General corporate purposes
Grey Market Premium (GMP)
As of IPO opening, GMP is around ₹21–₹25, which translates to a roughly ~4% listing gain (on upper price band).
Subscription Status
On Day 1 (20 Aug), the IPO was subscribed about 54% overall—indicating steady retail interest, though QIB participation is still low.
Allotment & Listing Dates
| Basis of Allotment | 25 August 2025 |
|---|---|
| Refunds Initiated | 26 August 2025 |
| Shares Credited to Demat | 28 August 2025 |
| Listing Date | 28 August 2025 |
Positives & Risks
- Positives: Improved profits, reasonable valuation, critical components in power sector with solid demand
- Risks: Exposure to raw material price swings, customer concentration, working capital intensity, limited QIB interest }
FAQs – Mangal Electrical IPO
- What is the price band?
₹533–₹561 per share. - When is it open for subscription?
20–22 August 2025. - What is the lot size?
26 shares (minimum investment ~₹14,586). - What is the GMP today?
₹21–₹25 (~4%). - How much was it subscribed on Day 1?
~54% overall. - Who is the registrar?
Bigshare Services Pvt Ltd. - When will it list?
Expected on 28 August 2025 on NSE & BSE. - Is the valuation fair?
P/E ~24.3× — reasonable compared to peers.
Disclaimer:
This information is for educational purposes only. Please do your own research or consult a financial advisor before investing. IPO investments are subject to market risks.
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