Mangal Electrical IPO Subscription Update
After a slow start, the Mangal Electrical IPO closed with healthy demand on Friday, August 22, 2025. The public issue had opened on August 20, 2025, and saw significant traction on the second day of the book-building process.
- Day 2 Subscription: 2.08 times
- IPO Closure Subscription: 9.46 times
- Shares Bid: 4,96,74,638
- Shares on Offer: 52,53,301
Segment-wise subscription:
- Retail: 4.84 times
- NII (Non-Institutional Investors): 18.79 times
- QIB (Qualified Institutional Buyers): 10.54 times
The IPO allotment date is set for Monday, August 25, 2025.
Mangal Electrical IPO Grey Market Premium (GMP)
The grey market premium (GMP) has declined sharply from ₹34 to ₹15. Based on the current GMP and issue price, the potential listing price is estimated at ₹576 per share, a modest 3% premium over the IPO price.
Note: GMP indicates investor willingness to pay above the issue price but should not be the sole factor guiding investment decisions. Investors are advised to focus on fundamentals and risk appetite.
Mangal Electrical IPO Details
- Issue Size: ₹400 crore (entirely a fresh issue)
- Price Band: ₹533–561 per share
- Use of Proceeds:
- Debt repayment
- Expansion of Rajasthan facility
- Working capital and general corporate purposes
About Mangal Electrical Industries
Mangal Electrical Industries is a leading manufacturer and processor of transformer components, including:
- Transformer lamination and amorphous cores
- Coil and core assemblies
- Wound cores and toroidal cores
- Oil-immersed circuit breakers
The company serves several marquee clients, including Ajmer Vidyut Vitran Nigam Ltd, Jaipur Vidyut Vitran Nigam Ltd, Voltamp Transformers Ltd, and Western Electrotrans.
It also exports transformer components to countries like the Netherlands, UAE, Oman, US, Italy, and Nepal, establishing a strong global footprint.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult certified financial advisors before making any investment decisions.
