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Mangal Electrical Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 13,858 / 26 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    28 Aug 2025

  • Listing Price

    ₹558.00

  • Listing Change

    -0.53%

  • Last Traded Price

    ₹372.00

Mangal Electrical Industries IPO Details

  • Open Date

    20 Aug 2025

  • Close Date

    22 Aug 2025

  • Listing Date

    28 Aug 2025

  • IPO Price Range

    ₹ 533 to ₹561

  • IPO Size

    ₹ 400 Cr

  • Listing Exchange

    BSE NSE

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Mangal Electrical Industries IPO Timeline

Mangal Electrical Industries IPO Subscription Status

Last Updated: 22 August 2025 5:32 PM by 5paisa

Mangal Electrical Industries Limited is launching a ₹400 crore IPO. The company manufactures transformers (5 KVA–10 MVA) for power distribution and transmission, alongside trading CRGO/CRNO coils and amorphous ribbons. It also offers EPC services for electrical substations. Products, marketed under the “Mangal Electrical” brand, include laminations, wound cores, assemblies, and circuit breakers. With five plants in Rajasthan, it has annual capacities of 16,200 MT CRGO, 10,22,500 KVA transformers, 75,000 ICB units, and 2,400 MT amorphous cores. 

Established in: 2008
Managing Director: Mr. Rahul Mangal

 

Particulars Mangal Electrical Industries Limited Vilas Transcore Limited Jay Bee Lamination Limited
Face Value (₹ per share) 10 10 10
P/E [●] 36.48 18.28
EPS (₹) Basic 23.08 14.58 12.31
EPS (₹) Diluted 23.08 14.58 12.31
RoNW (%) 34.14 15.27% 24.11%
NAV (₹ per share) 79.10 117.68 65.42
Total Income (₹ in lakhs) 55,139.04 36,199.76 36,837.67
Closing Price as on Aug 14, 2025 [●] 528.95 224.45


 

Mangal Electrical Industries Objectives

1. The company plans to utilise the funds for repayment or prepayment, either fully or partially, of certain outstanding borrowings.
2. A portion of the proceeds will be allocated towards capital expenditure, including civil works, to expand the facility in Reengus, Sikar District, Rajasthan.
3. The funds will also be used to meet the working capital requirements of the company.
4. The remaining amount will be deployed for general corporate purposes.
 

Mangal Electrical IPO Size

Types Size
Total IPO Size ₹400.00 Cr
Offer For Sale -
Fresh Issue -

Mangal Electrical IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 26 13,858
Retail (Max) 13 338 180,154
S-HNI (Min) 14 364 194,012
S-HNI (MAX) 68 1768 942,344
B-HNI (Min) 69 1794 956,202

Mangal Electrical IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 11.09 14,26,042 1,58,21,702 887.60
NII (HNI) 19.78 10,69,519 2,11,52,300 1,186.64
Retail 5.09 24,95,544 1,26,95,800 712.23
Total** 9.95 49,91,105 4,96,69,802 2,786.48

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 357.81 452.13 551.39 
EBITDA 44.42 42.63 81.84
PAT 24.74 20.95 47.31
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 221.26 246.54 366.46
Share Capital 14.50 14.50 20.50
Total Borrowings 96.64 92.12 149.12
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 27.39 36.56 -30.09
Net Cash Generated From / (used in) investing activities 4.25 -12.63 -18.33
Net Cash Generated From / (used in) financing activities -33.72 -17.60 41.82
Net Increase (Decrease) In Cash And Cash Equivalents -2.08 6.33 -6.60


Strengths

1. Strong promoter leadership with experienced management team
2. Selective regulatory approvals enhancing credibility
3. Wide and diversified customer base
4. Integrated operations driving higher efficiency
 

Weaknesses

1. Dependence on third-party suppliers and logistics
2. High reliance on power and fuel
3. Contract labour dependency at project sites
4. Limited in-house raw material sourcing
 

Opportunities

1. Expanding into new domestic and global markets
2. Rising demand for integrated and efficient solutions
3. Potential for technology-driven process improvements
4. Strategic partnerships for growth acceleration
 

Threats

1. Volatility in input and energy costs
2. Regulatory or policy changes affecting operations
3. Competition from established and emerging players
4. Supply chain disruptions impacting production timelines
 

1. Strong revenue growth from ₹357.81 Cr in FY23 to ₹551.39 Cr in FY25 highlights performance.
2. Positioned in India’s fast-growing transformer market, benefiting from electrification, infrastructure upgrades and renewable integration.
3. IPO proceeds will reduce debt, expand manufacturing capacity, and strengthen working capital for future growth.
4. Established brand, integrated operations and diversified offerings enhance competitiveness, creating long-term shareholder value potential.
 

1. India’s transformer market is rapidly expanding with ~8% CAGR, driven by electrification and rising power demand. 
2. Increasing renewable energy integration is boosting the need for advanced transmission and distribution equipment.
3. Infrastructure upgrades and renewable energy integration are fueling demand for efficient, smart transformers nationwide.
4. Long-term industry growth is supported by rising private sector participation and favourable policy support.
 

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FAQs

Mangal Electrical Industries IPO opens from August 20, 2025 to August 22, 2025.

The size of Mangal Electrical Industries IPO is ₹400 Cr.

The price band of Mangal Electrical Industries IPO is fixed at ₹533 to ₹561 per share.

To apply for Mangal Electrical Industries IPO, follow the steps given below:
 
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Mangal Electrical Industries  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Mangal Electrical Industries IPO is 1 lot consisting of 26 shares and the investment required is ₹13,858.

The share allotment date of Mangal Electrical Industries IPO is August 25, 2025

The Mangal Electrical Industries IPO will likely be listed on August 26, 2025.

Systematix Corporate Services Ltd.  is the book running lead manager for Mangal Electrical Industries IPO.

Mangal Electrical Industries plans to utilise the raised capital from the IPO for:

  • The company plans to utilise the funds for repayment or prepayment, either fully or partially, of certain outstanding borrowings.
  • A portion of the proceeds will be allocated towards capital expenditure, including civil works, to expand the facility in Reengus, Sikar District, Rajasthan.
  • The funds will also be used to meet the working capital requirements of the company.
  • The remaining amount will be deployed for general corporate purposes.