Mangal Electrical IPO is a Mainboard public offer for Issue Size of ₹400 crore. It will be open for subscription to investors from August 20 to August 22, 2025.
Mangal Electrical Industries Limited share has a face value of ₹10, and the price range is ₹533 to ₹561 per share. The lot size for this IPO is 26 shares. For retail investors, the minimum investment is ₹14586 for 1 lot of 26 shares. For Small Non-Institutional Investors (SHNI), the minimum application is 14 lots ( 364 shares), requiring an investment of ₹2,04,204. For Big Non-Institutional Investors (BHNI), the minimum application is 68 lots (1768 shares), amounting to ₹10,06,434.
Mangal Electrical Industries IPO will open for subscription on August 20, 2025, and close on August 22, 2025. The allotment is expected to be finalized on Monday, August 25, 2025, and Shares will list on the BSE and NSE on Thursday, August 28, 2025(Tentative).
Mangal Electrical IPO Details
| IPO Type | Main Board |
|---|---|
| IPO Method | Book Built Issue |
| IPO Open Date | 20 August 2025 (Wednesday) |
| IPO Close Date | 22 August 2025 (Friday) |
| IPO Listing Date | 28 August 2025 (Thursday) |
| Price Band | ₹533 to ₹561 per share |
| Lot Size | 26 Shares |
| Face Value | 10 |
| Gross Issue Size | ₹400 Crores (approx.) |
| Fresh Issue | ₹400 Crores (approx.) |
| Offer for Sale (OFS) | ₹0 Crores (approx.) |
| Net Issue Size | ₹400 Crores (approx.) |
| Listing Exchange | NSE,BSE(NSE is the Designated Stock Exchange) |
IPO Timeline
Mangal Electrical IPO Subscription Status (Day-wise)
| Day | QIB | NII | RII | Employees | Total |
|---|---|---|---|---|---|
| Day 3 | x | x | x | x | x |
Mangal Electrical IPO reservation table
| Investor Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
| Anchor Investors | 21,39,020 | 21,39,020 | 1x |
| Qualified Institutional Buyers (QIB) (Other than Anchor) (A) | 15,00,955 | 7,06,628 | .47x |
| Non-Institutional Investors (NII) Total (B=B1+B2) | 11,25,704 | 97,21,400 | 8.68x |
| Non-Institutional Investors (NII) Big# (B1) | 7,50,470 | 60,35,094 | 8.09x |
| Non-Institutional Investors (NII) Small#(B2) | 3,75,234 | 36,86,306 | 9.86x |
| Retail Individual Investors (RII) (C) | 26,26,642 | 85,92,116 | 3.27x |
| Employee Reserved category (D) | 0 | – | – |
| Total (Exclude Anchor Portion) (A+B+C+D) | 52,53,301 | 1,90,73,444 | 3.63x |
Mangal Electrical IPO Lot Size
Table is Prepared at the upper end of the price band (₹561).
| Application | Lot Size | No. of Shares | Amount |
|---|---|---|---|
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
Promoter Shareholding Table (Pre & Post Issue)
| Shareholder | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Promoters & Promotor Group | 100% | 74.19% |
| Others (Public / Investors) | 0% | 25.81% |
| Total | 100% | 100% |
Company Overview
MEIL, established in 1990, is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company and a pioneer in processing CRGO products.Approved by Power Grid Corporation of India Limited for 400 kV class projects, MEIL is also equipped to process CRGO core lamination up to the 1200 kV class.
MEIL is a well-established brand in CRGO lamination, core assembly, core-coil assembly, windings, amorphous cores, wound cores, and transformer CRGO cores (for both distribution and power transformers), serving the global industry for several decades.
Objects of the Offer
- Repayment of borrowings.
- For Capital expenditure.
- For working capital requirements.
- General corporate purposes.
₹ Financial Snapshot (As of and For the Fiscal Ended on )
| Particulars | 31-Mar-2025 | 31-Mar-2024 | 31-Mar-2023 |
|---|---|---|---|
| Revenue (₹ Cr) | 549.42 | 449.48 | 354.31 |
| Revenue (₹ Cr)(Including Other Income) | 551.39 | 452.13 | 357.81 |
| Profit After Tax (₹ Cr) | 47.31 | 20.95 | 24.74 |
| Profit After Tax Margin (%)(On Total Revenue) p | 8.61% | 4.66% | 6.98% |
| Earnings per share (in ₹) | 23.08 | 10.22 | 12.07 |
| Total Assets (₹ Cr) | 366.46 | 246.54 | 221.26 |
| Total Borrowings (₹ Cr) | 149.12 | 92.12 | 96.64 |
| Net Worth (₹ Cr) | 162.16 | 114.99 | 93.97 |
| NAV per equity share (in ₹) | 79.10 | 56.09 | 45.84 |
Mangal Electrical IPO Key Performance Indicators
| Particulars | FY2024-25 | FY2023-24 | FY2022-23 |
|---|---|---|---|
| EBITDA (₹ Cr) | 81.84 | 42.63 | 44.42 |
| EBITDA Margin (%) | 14.90% | 9.48% | 12.54% |
| Return on Equity (RoE %) | 34.14% | 20.05% | 30.32% |
| Return on Capital Employed (RoCE %) | 25.38% | 19.92% | 23.24% |
| Debt to Equity Ratio(In Times) | 0.92 | 0.80 | 1.03 |
| Operating Cash Flows(₹ Cr) | (30.09) | 36.56 | 27.39 |
Comparison with Listed Competitors
| Company Name | Closing Price(₹) as on August 12, 2025 | Revenue from Operations (FY24-25, ₹ in Cr) | Face Value (₹) | EPS (₹) | P/E Ratio (x) | RoNW (%) | NAV (₹) | EBITDA Margin (%) FY 25 |
|---|---|---|---|---|---|---|---|---|
| Mangal Electrical Industries Limited | – | 551.39 | 10 | 23.08 | – | 34.14% | 79.10 | 14.90% |
| Vilas Transcore Limited | 531.90 | 362 | 10 | 14.58 | 36.48 | 15.27% | 117.68 | 12.62% |
| Jay Bee Lamination Limited | 225.05 | 368.38 | 10 | 12.31 | 18.28 | 24.11% | 65.42 | 11.70% |
*EPS figures are as per respective company financials. P/E is based on closing prices as on August 12, 2025.Data is based on the latest available financials and may differ from actual market movements. Revenue is For the Financial Year 2024-2025.
Strengths & Risks
Key Strengths & Key Risks
For detailed information on Strengths and Risks, please refer to the sections ‘Our Competitive Strengths’ and Section II – Risk Factors of the RHP.
Key Contacts for Mangal Electrical IPO
| Company Contact Mangal Electrical Industries Limited Balvinder Singh Guleri Address: C-61, C-61 (A&B), Road No. 1-C, V. K. I. Area, Jaipur 302 013 Rajasthan, India Tel: +91-141-4036113 E-mail: compliance@mangals.com | Registrar to the Issue Bigshare Services Private Limited Office No S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri (East) Mumbai – 400 093 Maharashtra, India Tel: +91 22 62638200 E-mail: ipo@bigshareonline.com Investor grievance e-mail: investor@bigshareonline.com Website: https://www.bigshareonline.com Contact Person: Vinayak Morbale |
Book Running Lead Managers (BRLMs)
| BRLM Full Name |
|---|
| Systematix Corporate Services Limited. |
For full contact details including representatives, emails, and phone numbers, of BRLM’s please refer to the Red Herring Prospectus (RHP).
Important IPO Documents
- Red Herring Prospectus (RHP)
- Draft Red Herring Prospectus (DRHP)
- Anchor Investors Allocation Report.
- Basis of Allotment(Published After allotment)
1. What is the Mangal Electrical Industries IPO?
The Mangal Electrical Industries IPO is a book-built issue aiming to raise ₹400 crore.
2. When does the Mangal Electrical Industries IPO open and close?
Opening Date: August 20, 2025.
Closing Date: August 22, 2025.
3. What is the price band for the Mangal Electrical Industries IPO?
The price band is set between ₹533 and ₹561 per share.
4. What is the lot size and minimum investment for the Mangal Electrical Industries IPO?
Lot Size: 26 shares
Minimum Investment: ₹14586.
5. What is the issue size of the Mangal Electrical Industries IPO?
The total issue size is ₹400 crore.
6. Who is the registrar for the Mangal Electrical Industries IPO?
The registrar for this IPO is Bigshare Services Private Limited.
7. Where will the Mangal Electrical Industries shares be listed?
The shares are proposed to be listed on the BSE AND NSE (NSE is the designated stock exchange).
8. When will the allotment be finalized?
The basis of allotment is expected to be finalized on 25 August 2025.
9. When is the Mangal Electrical Industries IPO listing date?
The shares are expected to be listed on 28 August 2025.
10. How can I check the allotment status?
You can check the allotment status by visiting our dedicated page here: IPO Allotment Status.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. Recipients should conduct their own research and assessments and consult their investment advisor before making any investment decisions. This does not constitute a personal recommendation/investment advice.
IPO Listing Details
| IPO Listing Date | 28 August 2025 (Thursday) |
| ISIN | |
| NSE Symbol | |
| BSE Script Code | |
| Issue Price | ₹ |
| Listing Price | [₹0] |
| Listing Gain/Loss (%) | [+0%] |
Listing Day Trading Information
| Price | BSE | NSE |
|---|---|---|
| Share Allotment Price(Issue Price) | 0 | 0 |
| Open | 0 | 0 |
| High | 0 | 0 |
| Low | 0 | 0 |
| VWAP | 0 | 0 |
| Close | 0 | 0 |
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