How to Check Mangal Electrical IPO Allotment Status?

Mangal Electrical Industries Limited is engaged in manufacturing transformers used for the distribution and transmission of electricity in the power sector, incorporated in 2008. 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, employing 761 permanent employees as of June 30, 2025, while processing transformer components including lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.

The Mangal Electrical IPO came with a total issue size of ₹400.00 crore, comprising entirely a fresh issue of 0.71 crore shares aggregating to ₹400.00 crore. The IPO opened on August 20, 2025, and closed on August 22, 2025. The allotment for the Mangal Electrical IPO is expected to be finalized on Monday, August 25, 2025. The Mangal Electrical IPO share price band was set at ₹533 to ₹561 per share.

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Steps to Check Mangal Electrical IPO Allotment Status on Registrar Site

• Visit the Bigshare Services Pvt.Ltd. website 
• Select "Mangal Electrical" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Mangal Electrical IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Mangal Electrical" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Mangal Electrical IPO Subscription Status

Mangal Electrical IPO received strong investor interest, being subscribed 9.94 times overall. The subscription showed solid confidence across categories in the Mangal Electrical IPO stock price potential. Here is a category-wise breakdown of the subscription as of 4:54:33 PM on August 22, 2025:

• Non-Institutional Investors (NII): 19.77 times.
• QIB Category: 11.09 times.

Mangal Electrical Share Price and Investment Details

The Mangal Electrical IPO stock price band was set at ₹533 to ₹561 per share with a minimum lot size of 26 shares. The minimum investment required for retail investors was ₹14,586 for 1 lot (26 shares). The issue included up to 21,39,020 shares allocated to anchor investors raising ₹120.00 crore. Given the strong subscription response of 9.94 times overall, with QIB category showing strong response at 11.09 times and NII demonstrating excellent response at 19.77 times, the Mangal Electrical IPO share price is expected to list with good to strong premium.

Utilisation of IPO Proceeds

The IPO is a complete offer for sale. Hence, the company will not receive any proceeds. The objective of the issue is to:

• Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company: ₹101.27 crore.
• Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan: ₹87.86 crore.
• Funding working capital requirements of the Company: ₹122.00 crore.
• General corporate purposes: Remaining amount.

Business Overview

Mangal Electrical Industries Limited is a manufacturer specializing in processing transformer components and manufacturing transformers ranging from 5 KVA to 10 MVA, marketing products under the brand name "Mangal Electrical" with strong reputation and high brand recall value. The company manufactures critical components including CRGO wide coils with high magnetic permeability, precision slit coils for exact dimensions, and core assemblies ensuring low core loss and high efficiency, while also trading CRGO and CRNO coils and amorphous ribbons.

With strong backward and forward integration ensuring operational efficiency, the company provides EPC services for setting up electrical substations in the power infrastructure sector, maintaining diversified customer base and proven track record of consistent growth supported by experienced promoters and senior management with certain approvals available to selected market players in the transformer and electrical equipment industry.