Mangal Electrical Industries IPO
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Schedule of Mangal Electrical Industries
| Issue open date | 20 Aug 2025 |
| Issue close date | 22 Aug 2025 |
| UPI mandate deadline | 22 Aug 2025 (5 PM) |
| Allotment finalization | 25 Aug 2025 |
| Refund initiation | 26 Aug 2025 |
| Share credit | 26 Aug 2025 |
| Listing date | 28 Aug 2025 |
| Mandate end date | 06 Sep 2025 |
| Lock-in end date for anchor investors (50%) | 24 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 23 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹400 crores |
| Fresh Issue | ₹400 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings | 101.27 (25.3%) |
| Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan | 87.86 (21.9%) |
| Funding working capital requirements | 122 (30.5%) |
| General corporate purposes |
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
Allotment Status for Mangal Electrical Industries
To check your allotment status – click here.
Subscription Figures for Mangal Electrical Industries
As per media reports (Link), the Grey Market Premium (GMP) of Mangal Electrical Industries is reported at ₹35 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on August 22, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 14.26 | 158.21 | 11.09x |
| NII | 10.69 | 211.52 | 19.78x |
| Retail | 24.95 | 126.95 | 5.09x |
| Total | 49.91 | 496.69 | 9.95x |