Mangal Electrical IPO Subscription Status
Mangal Electrical IPO closed on 22 August 2025 with an overall subscription of 9.95x based on shares applied. QIB demand came in at 11.09x, NII at 19.78x, and retail at 5.09x.
Allotment will be finalised on 25 August 2025. The stock is scheduled to list on NSE and BSE on 28 August 2025.
Issue Price
Rs 561.00
GMP Today
Rs -5.00 (-0.89%)
Overall Subscription
9.95x
Issue Size
₹400.00 Cr
Allotment Date
25 Aug 2025
Listing Date
28 Aug 2025
Mangal Electrical IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 561.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 80.00 Cr | Rs 887.60 Cr | 11.09x |
| FII | - | Rs 296.44 Cr | - |
| DFI | - | Rs 160.12 Cr | - |
| Mutual Funds | - | Rs 30.05 L | - |
| Other | - | Rs 430.73 Cr | - |
| NII | Rs 60.00 Cr | Rs 1,186.66 Cr | 19.78x |
| bNII (above Rs 10L) | Rs 40.00 Cr | Rs 801.98 Cr | 20.05x |
| Corporate | - | Rs 14.87 Cr | - |
| Individual | - | Rs 755.28 Cr | - |
| Other | - | Rs 31.83 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 20.00 Cr | Rs 384.69 Cr | 19.23x |
| Corporate | - | Rs 1.63 Cr | - |
| Individual | - | Rs 362.73 Cr | - |
| Other | - | Rs 20.33 Cr | - |
| Retail | Rs 140.00 Cr | Rs 712.49 Cr | 5.09x |
| Cut-off price | - | Rs 570.59 Cr | - |
| Fixed price | - | Rs 141.90 Cr | - |
| Total | Rs 280.00 Cr | Rs 2,786.75 Cr | 9.95x |
Mangal Electrical IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 14,26,025 | 117 | 0.00x |
| FII | - | 17 | - |
| DFI | - | 3 | - |
| Mutual Funds | - | 1 | - |
| Other | - | 96 | - |
| NII | 2,938 | 26,060 | 8.87x |
| bNII (above Rs 10L) | 1,959 | 7,732 | 3.95x |
| Corporate | - | 142 | - |
| Individual | - | 7,275 | - |
| Other | - | 315 | - |
| sNII (Rs 2L to Rs 10L) | 979 | 18,328 | 18.72x |
| Corporate | - | 80 | - |
| Individual | - | 17,269 | - |
| Other | - | 979 | - |
| Retail | 95,982 | 4,28,211 | 4.46x |
| Cut-off price | - | 3,40,525 | - |
| Fixed price | - | 87,686 | - |
| Total | 15,24,945 | 4,54,388 | 0.30x |
What Do These Subscription Numbers Mean?
A subscription of 9.95x by shares means the IPO received bids for 10 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 11.09x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 11.09x, it reflects serious institutional conviction.
NII at 8.87x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 3.95x and sNII at 18.72x by applications. Share subscription was 19.78x. Allotment uses application count, not share volume.
At 4.46x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~22% per application). Retail allotment is done by lottery when oversubscribed. Share subscription was 5.09x. Allotment uses application count, not share volume.
Mangal Electrical IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 4.46x.
- •Allotment odds: about 1 in 4 (~22% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •Share subscription was 5.09x. Allotment uses application count, not share volume.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 18.72x.
- •Allotment odds: about 1 in 19 for a minimum-lot application (~5% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 19.23x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 3.95x.
- •Allotment odds: about 1 in 4 for a minimum-lot application (~25% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 20.05x. Allotment uses application count, not share volume.
Check the Mangal Electrical IPO Allotment Status page from 25 August 2025 for your allotment result.
Mangal Electrical IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 20 Aug 2025 | 0.13x | 0.76x | 0.74x | 0.57x |
| Day 2 - 21 Aug 2025 | 0.14x | 4.42x | 2.19x | 2.08x |
| Day 3 - 22 Aug 2025 | 11.09x | 19.78x | 5.09x | 9.95x |
Mangal Electrical IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 20 August 2025 |
| IPO Close Date | 22 August 2025 |
| Allotment Date | 25 August 2025 |
| Refund Initiation | 26 August 2025 |
| Share Credit to Demat | 26 August 2025 |
| Listing Date | 28 August 2025 |
| Minimum Investment | Rs 14,586.00 |
| Lot Size | 26 shares |
About Mangal Electrical IPO
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Mangal Electrical IPO Subscription FAQs
What is Mangal Electrical IPO IPO subscription status today?
Mangal Electrical IPO IPO subscription closed on 22 August 2025 with overall subscription of 9.95x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 11.09x, NII 8.87x, Retail 4.46x.
What is the overall subscription of Mangal Electrical IPO IPO?
Mangal Electrical IPO IPO is subscribed 9.95x overall by shares at close on 22 August 2025. QIB 11.09x, NII 8.87x, and Retail 4.46x.
What is Mangal Electrical IPO IPO QIB subscription?
Mangal Electrical IPO IPO QIB (Qualified Institutional Buyers) subscription is 11.09x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Mangal Electrical IPO IPO Retail subscription?
Mangal Electrical IPO IPO Retail subscription is 4.46x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Mangal Electrical IPO IPO NII subscription?
Mangal Electrical IPO IPO NII (Non-Institutional Investors) subscription is 8.87x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Mangal Electrical IPO IPO for retail?
At 4.46x subscription by applications, approximately 1 in 4 retail applicants can expect an allotment (~22% per application). Allotment is done by lottery. Share subscription was 5.09x. Allotment uses application count, not share volume.
When is Mangal Electrical IPO IPO allotment date?
Mangal Electrical IPO IPO allotment date is 25 August 2025. Check Mangal Electrical IPO Allotment Status on IPOwiz from that day using your PAN.
When does Mangal Electrical IPO IPO subscription close?
Mangal Electrical IPO IPO subscription closed on 22 August 2025. No new applications are accepted after the close.
What is Mangal Electrical IPO IPO GMP today?
Mangal Electrical IPO IPO GMP is ₹-5 today (-0.89% over issue price ₹561). See live GMP on the Mangal Electrical IPO GMP Today page.
What is Mangal Electrical IPO IPO issue price and lot size?
Mangal Electrical IPO IPO issue price is ₹561 per share. Lot size is 26 shares. Minimum investment is ₹14,586 per lot. Issue size: ₹400.00 Cr.
When is Mangal Electrical IPO IPO listing date?
Mangal Electrical IPO IPO listing date is 28 August 2025 on NSE and BSE. Allotment is on 25 August 2025.
How does subscription affect Mangal Electrical IPO IPO allotment?
Allotment odds in Mangal Electrical IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 8.87x by applications means roughly 1 in 9 for minimum-lot bids; bNII at 3.95x (~1 in 4). At 9.95x overall, competition is moderate.
For allotment results from 25 August 2025, visit the Mangal Electrical IPO Allotment Status page. For listing day updates on 28 August 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.