The Mangal Electrical IPO is scheduled to open for subscription on Wednesday, August 20, 2025, and will close on Friday, August 22, 2025. The tentative allotment date is Monday, August 25, 2025, with the initiation of refunds and credit of shares to Demat accounts expected on Tuesday, August 26, 2025. The shares are likely to be listed on Thursday, August 28, 2025, on both the BSE and NSE. The cut-off time for UPI mandate confirmation is 5 PM on August 22, 2025.
Mangal Electrical IPO is a book-built issue worth ₹400.00 crores, comprising an entirely fresh issue of 0.71 crore shares. The price band has been set at ₹533.00 to ₹561.00 per share.
The lot size for retail investors is 26 shares, requiring a minimum investment of ₹13,858. For sNII (Small Non-Institutional Investors), the lot size is 14 lots (364 shares) amounting to ₹2,04,204, while for bNII (Big Non-Institutional Investors), it is 69 lots (1,794 shares) amounting to ₹10,06,434.
Mangal Electrical Industries Ltd. reported strong growth in FY 2025, with revenue rising 22% to ₹551.39 crore and profit after tax surging 126% to ₹47.31 crore compared to FY 2024. The company’s assets stood at ₹366.46 crore, EBITDA at ₹81.84 crore, net worth at ₹162.16 crore, and total borrowings at ₹149.12 crore.
Overview of Contents
About Mangal Electrical IPO
Incorporated in 2008, Mangal Electrical Industries Limited manufactures transformers (5 KVA to 10 MVA) and critical transformer components for electricity distribution and transmission, marketed under the “Mangal Electrical” brand. The company also trades CRGO/CRNO coils and amorphous ribbons, and provides EPC services for electrical substations.
It operates five production facilities in Rajasthan with annual capacities of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for oil-immersed circuit breakers, and 2,400 MT for amorphous units. As of June 30, 2025, it employed 761 permanent staff. Key strengths include a diversified customer base, strong backward and forward integration, experienced leadership, exclusive approvals, and a proven growth track record.
Mangal Electrical IPO Overview
| Particulars | Details |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹533 – ₹561 per share |
| Lot Size | 26 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 71,30,124 shares (₹400.00 crore) |
| Issue Type | Book-Built IPO |
| Listing Exchange | BSE, NSE |
| Pre-Issue Shareholding | 2,05,00,000 shares |
| Post-Issue Shareholding | 2,76,30,124 shares |
| QIB Allocation | Not more than 50% of the net issue |
| Retail Allocation | Not less than 35% of the net issue |
| NII Allocation | Not less than 15% of the net issue |
Mangal Electrical IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Mangal Electrical IPO Lot Size
| Investor Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail – Minimum | 1 | 26 | ₹14,586 |
| Retail – Maximum | 13 | 338 | ₹1,89,618 |
| S-HNI – Minimum | 14 | 364 | ₹2,04,204 |
| S-HNI – Maximum | 68 | 1,768 | ₹9,91,848 |
| B-HNI – Minimum | 69 | 1,794 | ₹10,06,434 |
Mangal Electrical IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, August 19, 2025 |
| IPO Close Date | Thursday, August 21, 2025 |
| Tentative Allotment | Friday, August 22, 2025 |
| Initiation of Refunds | Monday, August 25, 2025 |
| Credit of Shares to Demat | Monday, August 25, 2025 |
| Tentative Listing Date | Tuesday, August 26, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thursday, August 21, 2025 |
Mangal Electrical IPO GMP
- To be Updated
Mangal Electrical IPO Promoter Holding
The promoters of Mangal Electrical Industries Ltd. are Rahul Mangal, Ashish Mangal, Saroj Mangal, and Aniketa Mangal. They collectively held 100% of the company’s shares before the IPO, which will reduce to 74.19% after the issue.
Mangal Electrical IPO Financial Performance
| Financial Metric | FY 2025 (₹ Cr) | FY 2024 (₹ Cr) | FY 2023 (₹ Cr) |
|---|---|---|---|
| Total Income | 551.39 | 452.13 | 357.81 |
| EBITDA | 81.84 | 42.63 | 44.42 |
| Profit After Tax | 47.31 | 20.95 | 24.74 |
| Net Worth | 162.16 | 114.99 | 93.97 |
| Total Assets | 366.46 | 246.54 | 221.26 |
| Total Borrowings | 149.12 | 92.12 | 96.64 |
| KPI / Metric | Value |
|---|---|
| ROE | 29% |
| ROCE | 25.38% |
| Debt/Equity | 0.92 |
| RoNW | 34.14% |
| PAT Margin | 8.61% |
| EBITDA Margin | 14.90% |
| Price to Book Value | 7.09 |
| EPS (Pre / Post IPO) | 23.08 / 17.12 |
| P/E (Pre / Post IPO) | 24.31 / 32.77 |
Object of the issue
- General corporate purposes
- 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
Mangal Electrical Industries Ltd. – Contact Information
Address: C-61, C-61 (A&B), Road No. 1-C, V. K. I. Area, Jaipur, Rajasthan – 302013
Phone: +91 141-4036113
Email: compliance@mangals.com
Website: www.mangals.com
IPO Registrar – Bigshare Services Pvt. Ltd.
Phone: +91 22-6263 8200
Email: ipo@bigshareonline.com
Website: IPO Status Link