Mangal Electrical IPO
ListedMainboardOpens 20 August 2025Closes 22 August 2025
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…
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'.
Show moreShow less
Key ratios
As per RHP / filingsTimeline
IPO Opens
20 Aug
IPO Closes
22 Aug
Allotment
25 Aug
Listing
28 Aug
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 20 August 2025 |
| IPO Close Date | 22 August 2025 |
| Allotment Date | 25 August 2025 |
| Listing Date | 28 August 2025 |
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 | Day 3 |
|---|---|---|---|
| QIB | 0.13x | 0.14x | 11.09x |
| NII | 0.76x | 4.42x | 19.78x |
| S-HNI | 1.02x | 5.91x | 19.23x |
| B-HNI | 0.62x | 3.67x | 20.05x |
| RII | 0.74x | 2.19x | 5.09x |
| Total | 0.57x | 2.08x | 9.95x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 14,26,042 | 1,58,21,702 | 887.6 |
| NII | 10,69,519 | 2,11,52,300 | 1,186.64 |
| Small NII | 3,56,506 | 68,56,824 | 384.67 |
| Big NII | 7,13,012 | 1,42,95,476 | 801.98 |
| RII | 24,95,544 | 1,26,95,800 | 712.23 |
| Total | 49,91,105 | 4,96,69,802 | 2,786.48 |
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
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
Mangal Electrical IPO News & Updates
Follow the latest updates for Mangal Electrical IPO, including grey market moves and allotment news.
Mangal Electrical IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Mangal Electrical IPO Details
Issue size, price, financials, and company info
Mangal Electrical IPO GMP
Live grey market premium and listing estimate
Mangal Electrical IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Mangal Electrical IPO Allotment
Allotment date, chances, and check by PAN
Mangal Electrical IPO Review
SWOT, strengths, risks, and IPO review
Mangal Electrical IPO FAQ
Common questions on dates, GMP, and allotment
Mangal Electrical IPO Registrar
Registrar website and how to check allotment
Mangal Electrical IPO Timeline
Open, close, allotment, and listing dates
Mangal Electrical IPO News
Updates, blogs, and latest IPO news
Sources
We match Mangal Electrical IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt.Ltd.Official site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.