Mangal Electrical IPO is subscribed 1.90 times on Day 2 of its subscription. The IPO was opened for public subscription on August 20, 2025 and will close on August 22, 2025. The company’s objective is to raise approx. ₹400 crore, comprising a fresh issue to assist its future growth.
• IPO Opens: August 20, 2025
• IPO Closes: August 22, 2025
• Issue Type: Book Built Issue
• Total Issue Size: ₹400 crore
• Fresh Issue: ₹400 crore
• Offer for Sale (OFS): Not applicable
• Price Band Range: ₹533 – ₹561
• Face Value: ₹10 per equity share
• Lot Size: 26 shares
• Min. Retail Investment: around ₹14,600
• Max. Retail Subscription Amount: ₹2,00,000
• Listing At: NSE and BSE
• Registrar: Bigshare Services Private Limited
The net proceeds from the IPO will be utilized for:
5. Expansion of manufacturing capabilities and infrastructure
6. Working capital requirements to support operational growth
7. Repayment or prepayment of existing borrowings
8. General corporate purposes
Total Subscription: 1.90x
Retail Individual Investors (RIIs): 2.02x
Non-Institutional Investors (NII): 3.97x
Qualified Institutional Buyers (QIBs): 0.13x
(Data: Aug 21, 2025 | 16:50)
Mangal Electrical Industries Limited business was incorporated in India with a solid presence in the electrical equipment manufacturing sector. The company focusses in manufacturing high-quality electrical components and products catering to a wide range of industrial and commercial applications Known for its assurance to quality and innovation.
This IPO is an opportunity for investors targeting to tap into India’s growing electrical manufacturing sector. With a reasonable price band and focused growth plans, Mangal Electrical Industries Limited is positioning itself for long-term value creation.
(Disclaimer: The above article is only for the purpose of information. It does not constitute financial guidance in any form(s). Investors here are suggested to carefully review the prospectus and refer to a registered financial advisor or certified investment professional before they finalise any investment. Similarly, past performances are not an indication of future outcomes. Investments are subject to market risks.)
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Ankur Mishra is a journalist who covers an extensive range of news, from business, stock markets, IPOs to geopolitics, world affairs, international crises, and general news. With over a decade of experience in the business domain, Ankur has been associated with some of the reputed media brands. Through a sharp eye on global marketplaces along with deep insights and analysis of business strategies, Ankur brings simplicity to the complex economic matrix to decode market trends and empower people.
He is committed to entrenched data, facts, research, solutions, and a dedication to value-based journalism. He has covered trade tariff wars, international alliances, corporate policies, government initiatives, regulatory developments, along with micro- and macroeconomic shifts impacting global fiscal dynamics.
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