Mangal Electrical Industries Ltd. is set to launch a ₹400 crore IPO through a book-building issue, comprising 0.71 crore fresh equity shares. The IPO has generated significant interest in the market, offering investors a strong entry into a leading transformer manufacturing company.
The IPO subscription window opens on August 20, 2025, and closes on August 22, 2025. Allotment is expected to be finalized by August 25, with the shares tentatively listing on NSE and BSE on August 28, 2025.
Price Band and Lot Size
The price band is set between ₹533 – ₹561 per share. The lot size is 26 shares, requiring a minimum investment of ₹14,586 for retail investors. Small HNIs (sNII) must invest ₹2,04,204 (14 lots), while big HNIs (bNII) require ₹10,06,434 (69 lots).
Systematix Corporate Services Ltd. is the book running lead manager, and Bigshare Services Pvt. Ltd. is the registrar for the issue.
Anchor Investors & Allocation
Mangal Electrical has raised ₹120 crore from anchor investors on August 19, 2025, reflecting strong institutional confidence. The IPO allocates 50% to QIBs, 15% to NII, and 35% to retail investors, with the anchor portion locked in for 30 to 90 days.
About Mangal Electrical Industries Ltd.
Incorporated in 2008, Mangal Electrical specializes in transformers and critical components for electricity distribution and transmission. The company manufactures CRGO coils, amorphous cores, coil and core assemblies, and oil-immersed circuit breakers, and offers EPC services for substations.
With five production facilities in Rajasthan, the company produces 16,200 MT of CRGO, 10,22,500 KVA of transformers, 75,000 units of ICB, and 2,400 MT of amorphous units annually.
Financial Highlights
Mangal Electrical has posted 22% revenue growth, with PAT rising 126% to ₹47.31 crore in FY25. Key metrics include:
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ROE: 29%
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ROCE: 25.38%
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EBITDA Margin: 14.90%
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Debt-to-Equity: 0.92
With a market capitalization of ₹1,550 crore, the IPO provides an opportunity for investors to join a growing, profitable company in the power sector.
