Mangal Electrical IPO Subscribed 9.94x on Day 3; Strong NII and QIB Participation

Mangal Electrical Industries Limited's initial public offering (IPO) has demonstrated strong investor interest through its third and final day of subscription, with Mangal Electrical's stock price set at ₹533-561 per share reflecting solid market reception. The ₹400.00 crore IPO reached 9.94 times by 4:54:33 PM on day three, indicating strong investor interest in this transformer manufacturing company incorporated in 2008.

Mangal Electrical IPO non-institutional investors segment leads with strong 19.77 times subscription, whilst qualified institutional buyers (ex-anchor) demonstrate solid participation at 11.09 times and retail investors show good interest at 5.07 times, whilst anchor investors show complete participation at 1.00 times, reflecting strong investor confidence in this company.

Mangal Electrical IPO subscription reached strong 9.94 times on day three, led by Non-Institutional Investors (19.77x), Qualified Institutional Buyers Ex-Anchor (11.09x), and Retail Investors (5.07x). Total applications reached 4,46,478.

Subscription Status of Gem Aromatics IPO:

Here are the subscription details for Mangal Electrical IPO as of Day 3 (August 22, 2025, 4:54:33 PM):

Mangal Electrical IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached strong 9.94 times, a significant improvement from day two's 2.08 times.
• bNII category demonstrating strong performance at 20.05 times, building substantially from day two's 3.67 times.
• Non-institutional investors category displaying strong interest at 19.77 times, building notably from day two's 4.42 times.
• sNII segment showing strong participation at 19.21 times, building substantially from day two's 5.91 times.
• Qualified institutional buyers (ex-anchor) showing solid growth at 11.09 times, building substantially from day two's 0.14 times.
• Retail investors displaying good confidence at 5.07 times, building substantially from day two's 2.19 times.
• Total applications reached 4,46,478, indicating strong investor participation for this mainboard IPO.
• Cumulative bid amount reached ₹2,783.39 crores against the issue size of ₹400.00 crores.

Mangal Electrical IPO - Day 2 Subscription at 2.08 Times

Key Highlights - Day 2:

• Overall subscription reached moderate 2.08 times, showing significant improvement from day one's 0.57 times.
• Non-institutional investors category displaying good interest at 4.42 times, building dramatically from day one's 0.76 times.
• Retail investors showing moderate confidence at 2.19 times, building substantially from day one's 0.74 times.
• Qualified institutional buyers (ex-anchor) showing minimal improvement at 0.14 times, building marginally from day one's 0.13 times.
• Total applications reached 1,88,079, indicating moderate investor participation for this mainboard IPO.
• Cumulative bid amount reached ₹582.53 crores against the issue size of ₹400.00 crores.

Mangal Electrical IPO - Day 1 Subscription at 0.57 Times

Key Highlights - Day 1:

• Overall subscription reached limited 0.57 times, showing weak initial investor interest.
• sNII segment showing modest performance at 1.02 times, indicating measured smaller HNI interest.
• Non-institutional investors category showing limited interest at 0.76 times, demonstrating restrained HNI appetite.
• Retail investors displaying limited confidence at 0.74 times, showing cautious retail sentiment.
• bNII category demonstrating limited performance at 0.62 times, showing restrained larger HNI interest.
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.13 times, indicating significant institutional caution.
• Total applications reached 61,141, indicating limited investor participation for this mainboard IPO.
• Cumulative bid amount reached ₹159.63 crores against the issue size of ₹520.00 crores.

About Mangal Electrical Industries Limited

Incorporated in 2008, Mangal Electrical Industries Limited is an Indian electrical equipment company engaged in manufacturing transformers for electricity distribution and transmission in the power sector, specializing in processing transformer components including CRGO slit coils, amorphous cores, coil and core assemblies and oil-immersed circuit breakers with five production facilities in Rajasthan and operations under the "Mangal Electrical" brand serving diverse customers across the electrical infrastructure sector.