Mangal Electrical Industries IPO
Mangal Electrical Industries IPO — date, price band, lot size & details 2025
Mangal Electrical Industries listed on 28 Aug 2025 at ₹556, 0.9% below the ₹561 issue price.
Mangal Electrical Industries makes transformers and processes transformer components at five facilities in Rajasthan. Its total income rose from Rs 357.81 crore in FY2023 to Rs 551.39 crore in FY2025.
Stock price
Mangal Electrical Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 20 Aug 2025
- Close 22 Aug 2025
- Allotment 25 Aug 2025
- Refund/credit 26 Aug 2025
- Listing 28 Aug 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 22 Aug, 2025 |
|---|---|
| Price Band | ₹533 – ₹561 |
| Face Value | ₹10 |
| Lot Size | 26 Shares |
| Issue Size | ₹400 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 14,586 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 26 shares at the ₹561 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 26 | ₹14,586 |
| Retail (max) | 13 | 338 | ₹1,89,618 |
| S-HNI (min) | 14 | 364 | ₹2,04,204 |
| S-HNI (max) | 68 | 1,768 | ₹9,91,848 |
| B-HNI (min) | 69 | 1,794 | ₹10,06,434 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 357.81 crore in FY2023 to Rs 551.39 crore in FY2025.
- 02Profit after tax rose from Rs 24.74 crore in FY2023 to Rs 47.31 crore in FY2025.
- 03Return on net worth was 34.14% and return on capital employed was 25.38%.
- 04The whole Rs 400 crore issue was fresh capital.
- 05Rs 101.27 crore of the proceeds was for repaying debt and Rs 87.86 crore for expansion.
Risks · 7
- 01Profit after tax fell from Rs 24.74 crore in FY2023 to Rs 20.95 crore in FY2024 before rising in FY2025.
- 02The P/E was 32.77 at the upper band of Rs 561, based on post-issue EPS of Rs 17.12.
- 03Total borrowing rose from Rs 92.12 crore on 31 March 2024 to Rs 149.12 crore on 31 March 2025.
- 04All five production facilities are in Rajasthan, and debt to equity was 0.92.
- 05Rs 122.00 crore of the proceeds was for working capital.
- 06Shares listed at Rs 556 against the issue price of Rs 561.
- 07Promoters held 100% before the issue and held 74.19% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Mangal Electrical Industries offer document.
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 366.46 | 246.54 | 221.26 |
| Total Income | 551.39 | 452.13 | 357.81 |
| Profit After Tax | 47.31 | 20.95 | 24.74 |
| EBITDA | 81.84 | 42.63 | 44.42 |
| NET Worth | 162.16 | 114.99 | 93.97 |
| Total Borrowing | 149.12 | 92.12 | 96.64 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Mangal Electrical Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Mangal Electrical Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹23.08 | ₹17.12 |
| P/E Ratio (x) | 24.31 | 32.77 |
| Market Cap at Offer Price (₹ Cr) | ₹1,149.95 | ₹1,550.29 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹561 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹400.00 Cr of the issue is earmarked to named objects.
Mangal Electrical Industries IPO Anchor Investors
10 anchor investors across 10 fund houses committed ₹120.00 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Abakkus Diversified Alpha Fund | Abakkus | 677,352 | 38.00 | 31.67% |
| Lc Pharos Multi Strategy Fund Vcc-Lc Pharos Multi Strategy Fund Sf1 | Lc Pharos | 445,614 | 25.00 | 20.83% |
| Societe Generale-Odi | Societe General | 213,902 | 12.00 | 10.00% |
| Finavenue Capital Trust-Finavenue Growth Fund | Finavenue | 178,256 | 10.00 | 8.33% |
| Swyom India Alpha Fund | Swyom | 178,256 | 10.00 | 8.33% |
| Sundaram Alternative Investment Trust - Sundaram Alternative Opportunities Fund - Altas | Sundaram Mutual Fund | 89,128 | 5.00 | 4.17% |
| Imap India Capital Investment Trust-Catalyst New India Fund | Imap India | 89,128 | 5.00 | 4.17% |
| Sunrise Investment Trust-Sunrise Investment Opportunities Fund | Sunrise | 89,128 | 5.00 | 4.17% |
| Aarth AIF Growth Fund | Aarth | 89,128 | 5.00 | 4.17% |
| Steptrade Revolution Fund | Steptrade | 89,128 | 5.00 | 4.17% |
| Total anchor allocation | 120.00 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The company trades CRGO and CRNO coils and amorphous ribbons. It provides EPC services for setting up electrical substations.
It operates five production facilities in Rajasthan and sells under the Mangal Electrical brand.
The IPO was a fresh issue of Rs 400 crore. Rs 122.00 crore was planned for working capital, Rs 101.27 crore for repaying borrowings and Rs 87.86 crore for expansion.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Mangal Electrical Industries IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Systematix Corporate Services Limited
8 issues handledBest listing: ESDS Software Solution (+76.5%). Weakest: Acevector (-11.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Mangal Electrical Industries?
The current Grey Market Premium is ₹0.
What is the Mangal Electrical Industries IPO price band?
₹533 to ₹561, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 August 2025, with listing on 28 August 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
