Mangal Electrical IPO: Check IPO Date, Live Subscription and Key Details
Mangal Electrical Industries Ltd., incorporated in 2008, is a specialist in processing transformer components and manufacturing transformers for the power infrastructure industry. The company's product portfolio includes transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, and oil-immersed circuit breakers. It also trades in CRGO and CRNO coils and amorphous ribbons. Mangal Electrical offers EPC (Engineering, Procurement, and Construction) services for setting up electrical substations and markets its products under the brand name 'Mangal Electrical'.
Price Range
₹533.00-561.00
Issue Size
400
Lot Size
26 shares
IPO Type
Mainboard
GMP
₹34(+6.06%)
Est. Listing Price
₹595
Invisible
-
Invisible
-
Key Metrics
Check Live GMP
Face Value
₹10
EPS
17.12
P/E Ratio
32.77
RoNW
34.14%
ROE
29.17%
Debt to Equity
0.92
Timeline
IPO Opens
20 Aug
IPO Closes
22 Aug
Allotment
25 Aug
Listing
28 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 20 August 2025 | Subscription starts |
| IPO Close Date | 22 August 2025 | Subscription ends |
| Allotment Date | 25 August 2025 | Allotment |
| Listing Date | 28 August 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,586 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,89,618 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,04,204 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,91,848 |
BHNIAbove ₹10,00,000 | 69 | ₹10,06,434 |
IPO Objectives
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan.
- Funding working capital requirements of the Company.
- General corporate purposes.
Strengths
- The company has an experienced management team with strong knowledge of the power infrastructure industry.
- It has several key approvals, such as from NABL and PGCIL, which gives it a competitive advantage over others.
- The business has a diversified customer base in both the private and public sectors and a strong order book of ₹294.20 crore, ensuring future revenue.
- With five production facilities in Rajasthan, the company has backward and forward integration, giving it control over the entire manufacturing process.
- It has a proven track record of consistent financial growth, with revenue up 22% and profit after tax (PAT) up 126% between FY24 and FY25.
Weaknesses
- The company has a high debt-to-equity ratio of 0.92, which shows a significant reliance on borrowed money and could impact its financial flexibility.
- It's vulnerable to volatile raw material prices, especially for CRGO and CRNO coils, which can negatively affect its profits.
- The business faces intense competition from both domestic and international players in the power infrastructure sector.
- It's dependent on government policies and spending for its EPC projects, which can be subject to delays and changes in regulations.
- The massive 126% increase in PAT in FY25 might not be sustainable and could raise questions about long-term profitability.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 366.46 | 246.54 | 221.26 |
| Revenue (₹ Cr.) | 551.39 | 452.13 | 357.81 |
| PAT (₹ Cr.) | 47.31 | 20.95 | 24.74 |
| Net Worth (₹ Cr.) | 162.16 | 114.99 | 93.97 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Mangal Electrical | 7.09 | 32.77 | 29.17% | 162.16 |
| Vilash Transcore Limited | 4.7 | 37.46 | 11.86% | 159 |
| Jay Bee Laminations | 3.4 | 19.79 | 17.2% | 62.81 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 |
|---|---|---|
| QIB | 0.13x | 0.14x |
| NII | 0.76x | 4.42x |
| S-HNI | 1.02x | 5.91x |
| B-HNI | 0.62x | 3.67x |
| RII | 0.74x | 2.19x |
| Total | 0.57x | 2.08x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 14,26,042 | 2,01,136 | 11.28 |
| NII | 10,69,519 | 47,25,266 | 265.09 |
| Small NII | 3,56,506 | 21,05,766 | 118.13 |
| Big NII | 7,13,012 | 26,19,500 | 146.95 |
| RII | 24,95,544 | 54,57,400 | 306.16 |
| Total | 49,91,105 | 1,03,83,802 | 582.53 |
Company Details
- Mangal Electrical Industries Ltd.
- C-61, C-61 (A&B), Road No. 1-C, V. K. I. Area, Jaipur, Rajasthan-302013
- +91141-4036113
- compliance@mangals.com
- http://www.mangals.com/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html