Mangal Electrical IPO Description – Mangal Electrical Industries is a leading player in India’s power infrastructure sector, engaged in processing transformer components and manufacturing transformers. With five production facilities across Rajasthan, the company boasts an annual installed capacity of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for oil-immersed circuit breakers (ICB), and 2,400 MT for amorphous cores. Its product portfolio includes CRGO/CRNO slit coils, amorphous ribbons, core assemblies, wound and toroidal cores, and complete transformer units ranging from 5 KVA single-phase to 10 MVA three-phase transformers.
Mangal Electrical also undertakes EPC contracts for setting up electrical substations, with a strong focus on public sector clients. The company has completed four turnkey EPC projects to date. As of 30 November 2024, its order book stands at INR 97.87 crore. It has a global footprint with exports to the USA, UAE, Netherlands, and Oman. Its clientele includes government utilities such as Ajmer Vidyut Vitran Nigam and private players like Voltamp Transformers. Products are marketed under the well-recognized ‘Mangal Electrical’ brand.
Promoters of Mangal Electrical Industries – Rahul Mangal, Ashish Mangal, Saroj Mangal, and Aniketa Mangal
Table of Contents
Mangal Electrical IPO Details
| Mangal Electrical IPO Dates | 20 – 22 August 2025 |
| Mangal Electrical IPO Price | INR 533 – 561 per share |
| Fresh issue | INR 400 crore |
| Offer For Sale | Nil |
| Total IPO size | INR 400 crore |
| Minimum bid (lot size) | 26 shares (INR 14,586) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Mangal Electrical Financial Performance
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 256.65 | 354.31 | 449.48 | 549.42 |
| Expenses | 247.83 | 324.94 | 424.02 | 487.68 |
| Net income | 91.95 | 24.74 | 20.95 | 47.31 |
| Margin (%) | 35.83 | 6.98 | 4.66 | 8.61 |
Mangal Electrical Offer News
- Mangal Electrical RHP
- Mangal Electrical DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Mangal Electrical Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue)* | |
| EPS | 12.07 | 10.22 | 23.08 | 17.12 |
| PE Ratio | – | – | 23.09 – 24.31 | 31.13 – 32.77 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 14.25 | 30.32 | 20.05 | 34.14 |
| NAV | 33.76 | 45.83 | 56.09 | 79.10 |
| ROCE (%) | 13.24 | 23.24 | 19.92 | 25.38 |
| EBITDA (%) | 10.01 | 12.54 | 9.48 | 14.90 |
| Debt/Equity | 1.72 | 1.03 | 0.80 | 0.92 |
Mangal Electrical IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 27 August 2025 | 7 | – | – |
| 26 August 2025 | 21 | – | 400 |
| 25 August 2025 | 17 | – | 300 |
| 23 August 2025 | 19 | – | 300 |
| 22 August 2025 | 33 | – | 800 |
| 21 August 2025 | 29 | – | 700 |
| 20 August 2025 | 25 | – | 600 |
| 19 August 2025 | 20 | – | 400 |
Mangal Electrical IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company – INR 101.26 crore
- Capital expenditure of the company for expanding the facility at Unit IV situated in Reengus, Sikar District, Rajasthan, and civil works at its existing head office, Jaipur, Rajasthan, to optimize space usage and increase storage capacity – INR 87.86 crore
- Funding working capital requirements of the company – INR 122 crore
- General corporate purposes
Mangal Electrical IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 15,00,955 | 11,25,704 | 26,26,642 | 52,53,301 |
| 22 Aug 2025 | 10.54 | 18.79 | 4.84 | 9.46 |
| 21 Aug 2025 | 0.13 | 4.20 | 2.08 | 1.98 |
| 20 Aug 2025 | 0.12 | 0.72 | 0.70 | 0.54 |
21,39,020 shares allotted to anchor investors are not included in these calculations.
Mangal Electrical – Comparison With Listed Peer
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Mangal Electrical | 32.77 | 10.22 | 20.05 | 56.09 | 452.13 |
| Vilas Transcore | 38.99 | 12.82 | 15.57 | 88.53 | 313.95 |
| Jay Bee Laminations | 35.26 | 10.75 | 36.42 | 34.90 | 303.50 |
Mangal Electrical IPO Allotment Status
Mangal Electrical IPO allotment status is now available on Bigshare Services’ website. Click on this link to get the allotment status.
Mangal Electrical IPO Dates & Listing Performance
| IPO Opening Date | 20 August 2025 |
| IPO Closing Date | 22 August 2025 |
| Finalization of Basis of Allotment | 25 August 2025 |
| Initiation of refunds | 26 August 2025 |
| Transfer of shares to demat accounts | 26 August 2025 |
| Mangal Electrical IPO Listing Date | 28 August 2025 |
| Opening Price on NSE | INR 556 per share (down 0.89%) |
| Closing Price on NSE | INR 535.35 per share (down 4.57%) |
Mangal Electrical IPO Reviews – Subscribe or Avoid?
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Mangal Electrical Offer Lead Manager
SYSTEMATIX CORPORATE SERVICES LIMITED
The Capital, A-Wing, 6th Floor,
No. 603-606, Plot No. C-70, G-Block,
Bandra-Kurla Complex (BKC), Bandra (East),
Mumbai 400 051, Maharashtra
Tel. No.: +91-22-6704 8000
Email: [email protected]
Website: www.systematixgroup.in
Mangal Electrical Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
56-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Mangal Electrical Contact Details
MANGAL ELECTRICAL INDUSTRIES LIMITED
C-61, C-61 (A&B), Road No. 1-C,
V. K. I. Area, Jaipur 302 013, Rajasthan, India
Phone: +91141-4036113
Email: [email protected]
Website: www.mangals.com
Mangal Electrical IPO FAQs
How many shares in the Mangal Electrical IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for the Mangal Electrical Public Offer?
The best way to apply for the Mangal Electrical public offer is through Internet banking, ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Mangal Electrical IPO GMP today?
Mangal Electrical IPO GMP today is INR 7 per share.
What is the Mangal Electrical kostak rate today?
Mangal Electrical kostak rate today is INR NA per application.
What is the Mangal Electrical Subject to Sauda rate today?
Mangal Electrical Subject to Sauda rate today is INR NA per application.