Introduction to Mangal Electrical IPO
Mangal Electrical Industries Ltd., a well-established name in the power equipment manufacturing sector, is set to launch its Initial Public Offering (IPO). The issue size is ₹400 crore, entirely a fresh issue of 0.71 crore shares. The IPO opens for subscription on August 20, 2025, and closes on August 22, 2025, with a tentative listing date of August 28, 2025, on both BSE and NSE.
IPO Price Band, Lot Size, and Investment Details
The price band for the Mangal Electrical IPO is fixed between ₹533 – ₹561 per share. Investors can bid for a minimum of 26 shares, requiring an investment of ₹13,858.
Investment categories:
- Retail Investors: 1 lot (26 shares) – ₹13,858 minimum
- sNII (Small HNI): 14 lots (364 shares) – ₹2,04,204 minimum
- bNII (Big HNI): 69 lots (1,794 shares) – ₹10,06,434 minimum
Reservation and Allotment
The issue will be allocated as follows:
- QIB (Qualified Institutional Buyers): Not more than 50%
- Retail Investors: Not less than 35%
- NII (Non-Institutional Investors): Not less than 15%
The allotment is expected on August 25, 2025, refunds and credit to Demat on August 26, 2025, and the shares will list on August 28, 2025.
About Mangal Electrical Industries Ltd.
Incorporated in 2008, Mangal Electrical specializes in the manufacturing of transformers and critical components used in the power distribution and transmission sector. The company also trades CRGO and CRNO coils, produces amorphous ribbons, and provides EPC services for setting up substations.
The company operates five production facilities in Rajasthan with impressive capacities, including 10,22,500 KVA for transformers and 75,000 units of ICB annually.
Financial Performance
Mangal Electrical has shown strong financial growth:
- Revenue (FY25): ₹551.39 crore (22% YoY growth)
- Profit After Tax (FY25): ₹47.31 crore (126% growth YoY)
- EBITDA Margin: 14.90%
- ROE: 29%
This consistent growth highlights the company’s operational efficiency and market potential.
Competitive Strengths
- Experienced promoters and leadership team
- Strong customer base across industries
- Backward and forward integration ensuring efficiency
- Proven growth track record in the power equipment sector
Conclusion: Should You Invest?
The Mangal Electrical IPO offers investors an opportunity to participate in a rapidly growing power infrastructure company with strong fundamentals, robust financials, and a well-diversified product portfolio. With a market capitalization of approximately ₹1,550 crore and healthy margins, the IPO could attract strong investor interest.
For long-term investors seeking exposure to India’s power infrastructure growth story, the Mangal Electrical IPO appears to be a promising bet.
