MANGAL ELECTRICAL INDUSTRIES LIMITED
Price Band
₹ 533 - ₹ 561
Bid Lot
26 Shares
MANGAL ELECTRICAL INDUSTRIES LIMITED
20-Aug-2025 - 22-Aug-2025
Price Band
₹ 533 - ₹ 561
Minimum Investment
₹ 14586.00
Bid Lot
26 Shares
Shares
7,130,124
-
Face Value - Rs. 10/- Per Share
- Lisitng at BSE, NSE
-
95,982 Application Required in Retail for 1 Time.
-
Registrar :
Bigshare Services Pvt. Ltd
IPO Details
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
Timeline
-
20
Aug-2025
Open Date
-
22
Aug-2025
Close Date
-
25
Aug-2025
Basis of Allotment Date
-
26
Aug-2025
Initiation of Refunds
-
26
Aug-2025
Credit of Shares to Demat A/C
-
28
Aug-2025
IPO Listing Date
Subscription as on 22-Aug-2025 17:00
Category
Book Size
Subscription
QIB
11.09x
1,426,025
(₹80.00 Cr.)
15,821,702
(₹887.60 Cr.)
HNI (<10 LAKH)
19.23x
356,506
(₹20.00 Cr.)
6,855,732
(₹384.61 Cr.)
HNI2 (>10 LAKH)
20.05x
713,013
(₹40.00 Cr.)
14,295,476
(₹801.98 Cr.)
RETAIL
5.08x
2,495,544
(₹140.00 Cr.)
12,683,762
(₹711.56 Cr.)
Total
9.95x
4,991,088
49,656,672
Category
Book Size
Subscription
QIB
11.09x
1,426,025
(₹80.00 Cr.)
15,821,702
(₹887.60 Cr.)
HNI (<10 LAKH)
19.23x
356,506
(₹20.00 Cr.)
6,855,732
(₹384.61 Cr.)
HNI2 (>10 LAKH)
20.05x
713,013
(₹40.00 Cr.)
14,295,476
(₹801.98 Cr.)
RETAIL
5.08x
2,495,544
(₹140.00 Cr.)
12,683,762
(₹711.56 Cr.)
Total
9.95x
4,991,088
49,656,672
*Excluding Anchor
Total No. of Application Approx : ~429799 (4.48 Appwise)
HNI Cost
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.
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 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
-
Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
-
Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, 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.
How to bid on App?
- 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 Easy Investing’s IPO application form.
Investing using UPI
- 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.
FAQs
Frequently Ask Question