Mangal Electrical Industries IPO Upcoming
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About Mangal Electrical Industries
Incorporated in 2008, Mangal Electrical Industries is engaged in manufacturing transformers and processing key transformer components such as CRGO slit coils, amorphous cores, and core assemblies, catering to the power infrastructure sector. The company also trades CRGO/CRNO coils and offers EPC services for setting up electrical substations. With NABL and PGCIL lab approvals, ISO certifications, and a strong brand presence under “Mangal Electrical,” it serves both government utilities and private energy producers across India and international markets. Its in-house quality control, use of advanced German equipment, and diversified product portfolio support its reputation in the energy transmission and distribution space.
Financials of Mangal Electrical Industries
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹450 crores |
| Fresh Issue | ₹450 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 120 (26.67%) |
| Working capital requirements | 122 (27.11%) |
| Repayment of outstanding borrowings | 96.03(21.34%) |
| General corporate purposes | (not above 25% of gross proceeds) |
Strengths
- Strong promoter leadership and experienced management
- Selective regulatory approvals
- Diversified customer base
- Integrated operations for efficiency
- Consistent growth track record
Risks
- Dependence on third-party suppliers and logistics
- High power and fuel dependency
- Reliance on contract labour at project sites