Mangal Electrical is open for subscription from 20th Aug’25 and closes on 22nd Aug’25. The issue size for the IPO is ₹ 400 Cr which is entirely fresh issue ( ~71.3 lac shares). Price band is set between ₹ 533 & ₹ 561 with the lot size of 26 aggregating to minimum investment for retail investor to ₹ 13746. For small HNI minimum investment is ₹ 2,07,060 and for Big HNI the amount aggregates to ₹ 10,05,720.
Mangal Electrical specializes in transformer components (e.g., laminations, CRGO slit coils, amorphous cores, core and coil assemblies, oil-immersed circuit breakers). The company also trades in CRGO/CRNO coils and amorphous ribbons, manufactures transformers (5 kVA to 10 MVA), and offers EPC services for electrical substations.
Mangal Electrical Ltd Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) | Borrowings (₹ Cr) | Net Worth (₹ Cr) |
| 2025 | 551 | 47 | 366 | 149 | 162 |
| 2024 | 452 | 21 | 246 | 92 | 115 |
| 2023 | 357 | 24 | 221 | 97 | 94 |
Core Offerings & Store location of Mangal Electrical
Founded in 1990.
Mr. Rahul Mangal (Chairman & MD)
Plant Location of Mangal Electrical
Unit I – VKI Area, Jaipur, Rajasthan
Unit II – VKI Area, Jaipur , Rajasthan
Unit III – Vishwakarma Industrial Area, Jaipur, Rajasthan
Unit IV – Shree Khatu Shyam Ji Industrial Area, Reengus, Sikar, Rajasthan
Unit V – Mahindra World City SEZ Zone (Kalwara Ajmer Road), Rajasthan
Mangal Electrical IPO Strengths & Risks
Strengths:
> Strong Growth in Revenue & Profitability
> Expanding Asset Base & Net Worth
> Diversified Product Portfolio
> Strategic Use of IPO Proceeds in debt repayment, capacity expansion, working capital & corporate purpose
> Industry Tailwinds & Government Push
Risks:
> Fluctuating Profitability
> High Dependence on Power Utilities & Govt Orders
> Rising Borrowings & Leverage Risk
> Industry Cyclicality & Competition
> IPO Valuation & Execution Risk, seems to be a little overpriced
Mangal Electrical: IPO date & invest detail
| IPO Open Date: | 20 August 2025 |
| IPO Close Date: | 22 August 2025 |
| Anchor Investor Bidding | 19 August 2025 |
| IPO Allotment Date: | 25 August 2025 |
| Refunds & Demat Credit: | 26 August 2025 |
| Tentative Listing Date: | 27 August 2025 |
| IPO Category | Enterprise |
| Symbol | MANGALELEC |
| Face Value: | Rs.10 per Equity Share |
| Issue Size: | ~₹400 crore |
| Lot Size: | 26 shares per lot and multiples thereof |
Mangal Electrical Composition & Proceeds
| Fresh Issue: | ~71.3 lac shares |
| Offer for Sale: | – |
| Employee reservation | 1,42,000 shares with ₹53 discount per share |
| Price Range | ₹ 533 to ₹ 561 per share |
| Face Value: | ₹ 10 |
| Debt Repayment | ₹ 96 Crore |
| Working Capital | ₹ 122 Crore |
| Facility Expansion | ₹ 120 Crore |
| General corporate purpose | ₹ 62 Crore |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≤ 50% |
| NII Quota: | ≥ 15% |
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 26 | 1 | 26 | 14,586 |
| Retail (Max) | 26 | 13 | 338 | 1,89,618 |
| Small HNI (Min) | 26 | 14 | 364 | 2,04,204 |
| Small HNI (Max) | 26 | 67 | 1,742 | 9,77,262 |
| Big HNI (Min) | 26 | 68 | 1,768 | 9,91,848 |
Patel Retail Limited IPO Grey market premium
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit |
| 21-Aug | ₹ 561 | ₹ 33 | +Positive | ₹ 594 | ₹ 858 |
| 20-Aug | ₹ 561 | ₹ 30 | +Positive | ₹ 591 | ₹ 780 |
| 19-Aug | ₹ 561 | ₹ 22 | +Positive | ₹ 583 | ₹ 572 |
| 18-Aug | ₹ 561 | ₹ 1 | Neutral | ₹ 562 | ₹ 26 |
| 17-Aug | ₹ 561 | ₹ 1 | Neutral | ₹ 562 | ₹ 26 |
| 16-Aug | ₹ 561 | ₹ 0 | Neutral | ₹ 561 | ₹ 0 |
| 15-Aug | ₹ 561 | ₹ 0 | Neutral | ₹ 561 | ₹ 0 |
| 14-Aug | ₹ 561 | ₹ 0 | Neutral | ₹ 561 | ₹ 0 |
Mangal Electrical Promoters – Pre offer equity (Approx)
Rahul Mangal ~ 41.09%
Ashish Mangal ~ 19.67%
Saroj Mangal ~ 28.37%
Aniketa Mangal ~ 10.24%
To visit Mangal Electrical website click here
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