Mangal Electrical Industries Limited IPO Details
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Mangal Electrical Industries IPO opens for subscription on 20 Aug 2025 and closes on 22 Aug 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 28 Aug 2025.
Mangal Electrical Industries IPO price band has been fixed at ₹533 – ₹561 per share.The face value is ₹10 per share with a lot size of 26.
Mangal Electrical Industries IPO total issue size comprises 71,30,124 shares (aggregating up to ₹400.00 Cr). This includes a fresh issue of 71,30,124 shares (aggregating up to ₹400.00 Cr). Pre-issue shareholding stands at 2,05,00,000, which will increase to 2,76,30,124 post-issue.
Mangal Electrical Industries IPO Lot Size : Retain Minimum is 1 lot (26 shares) amounting to ₹14,586. Retain Maximum is 13 lots (338 shares) amounting to ₹189,618. SHNI Minimum is 14 lots (364 shares) amounting to ₹204,204. SHNI Maximum is 68 lots (1,768 shares) amounting to ₹991,848. BHNI Minimum is 69 lots (1,794 shares) amounting to ₹1,006,434.
The Lead Managers for Mangal Electrical Industries IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Systematix Corporate Services Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Mangal Electrical Industries Limited RHP.
Mangal Electrical Industries IPO Details
Mangal Electrical Industries IPO Subscription
Mangal Electrical Industries IPO Application Wise Breakup (Approx)
Mangal Electrical Industries IPO Dates
- 20 Aug 2025Opening dateOPD
- 22 Aug 2025Closing dateCOD
- 25 Aug 2025Allotment Date BOA
- 26 Aug 2025Initiation of RefundsIOR
- 26 Aug 2025Credit of SharesCOS
- 28 Aug 2025Listing dateLID
Mangal Electrical Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 26 | ₹14,586 |
| Retain Maximum | 13 | 338 | ₹189,618 |
| SHNI Minimum | 14 | 364 | ₹204,204 |
| SHNI Maximum | 68 | 1768 | ₹991,848 |
| BHNI Minimum | 69 | 1794 | ₹1,006,434 |
Mangal Electrical Industries IPO Reservation
Promoter Holding
Mangal Electrical Industries IPO Valuations
Mangal Electrical Industries Financial Information
| Period Ended | 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 |
| Amount in ₹ Crore | |||
About Mangal Electrical Industries IPO
Incorporated in 2008, Mangal Electrical Industries Limited is engaged in manufacturing the transformers that are used for the distribution and transmission of electricity in the power sector.
The company processes transformer components, including lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.
The company markets and sells its products under the brand name "Mangal Electrical," known for its strong reputation and high brand recall value.
The company operates five production facilities in Rajasthan with an annual capacity of 16,200 MT for CRGO, 10,22,500 KVA for transformers, 75,000 units for ICB, and 2,400 MT for amorphous units.
Products Portfolio:
The company manufactures and supplies critical components for transformers used in electricity distribution and transmission, including small, distribution, and large transformers, contributing to energy-saving electrical equipment.
- CRGO Wide Coil: The company manufactures CRGO-wide coils with high magnetic permeability and low core loss, ideal for large transformers where high efficiency is crucial for optimal performance.
- CRGO Slit Coil: The company manufactures precision slit coils from CRGO sheets, ensuring exact dimensions for transformer core construction, reducing energy loss, and enhancing efficiency in transformer production where precise sizing is essential.
- CRGO Core Assembly: The company assembles CRGO laminations for core assemblies, ensuring low core loss and high efficiency, used in various transformers to minimize energy loss and optimize operational performance.
As of June 30, 2025, the company had 761 permanent employees in the registered and corporate offices and across all the units.
- Promoters exhibit strong leadership and are supported by experienced senior management.
- Exhibition of certain approvals available to selected market players.
- Diversified base of customers.
- Strong backward and forward integration which ensures operational efficiency.
- Proven track record of consistent growth.
Strength Of Mangal Electrical Industries IPO
1. Promoters exhibit strong leadership and are supported by experienced senior management.
2. Exhibition of certain approvals available to selected market players.
3. Diversified base of customers.
4. Strong backward and forward integration which ensures operational efficiency.
5. Proven track record of consistent growth.
Risk Of Mangal Electrical Industries IPO
1. The costs of the raw materials that we use in our manufacturing process are subject to volatility due to factors beyond our control. Increases or fluctuations in raw material prices may have a material adverse effect on our business, financial condition, results of operations and cash flows.
2. We are heavily dependent on the performance of the CRGO products and transformer product component. Any adverse changes in the conditions affecting the CRGO products and transformer products market can adversely impact our business, financial condition, results of operations, cash flows and prospects.
3. Any disruption, breakdown or shutdown of our manufacturing facilities or our original equipment manufacturer suppliers may have a material adverse effect on our business, financial condition, results of operations and cash flows.
4. We do not have any direct hedging policy in place for mitigating raw material price fluctuations, particularly for CRGO and CRNO coils, which may adversely impact our business, financial condition, results of operations, and cash flows.
5. Our dependence on limited customers and any change in customer composition may adversely impact our business, financial condition, results of operations, and cash flows.
6. We depend significantly on contract labor and an inability to access contract labor at reasonable costs at our project sites may adversely affect our business.
7. We are subject to raw material price volatility, foreign exchange fluctuations which could adversely impact our business, results of operations, cash flows and financial condition.
8. We do not have definitive agreements for supply of products or raw material with our customers or suppliers. Failure to successfully leverage our supplier/customer relationships and network could adversely affect us.
9. Failure to protect and enforce our intellectual property rights, including trademarks and brand identity, could adversely impact our business, financial condition, and competitive position.
10. We depend on third parties for the supply of our raw materials and delivery of products and such third parties could fail to meet their obligations, which may have a material adverse effect on our business, results of operations, financial condition and cash flows.
Objectives Mangal Electrical Industries IPO
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Capital expenditure of the Company for expanding the facility at Unit IV situated Reengus, Sikar District, Rajasthan and civil works at its existing head office, Jaipur, Rajasthan to optimize space usage and increase storage capacity.
- Funding working capital requirements of the Company.
- General corporate purposes.
Company Contact Details
Mangal Electrical Industries Limited
C-61, C-61 (A&B),
Road No. 1-C,
V. K. I. Area,
Jaipur, Rajasthan, 302013
Phone: +91141-4036113
Email: compliance@mangals.com
Website: http://www.mangals.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
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