Mangal Electrical Industries Limited, a Jaipur-based manufacturer of transformer components and customized power-infrastructure solutions, is closing its ₹400 crore IPO today, August 22, 2025. The issue is a fresh issue only, with a price band of ₹533–₹561 per share. Following allotment, shares are scheduled to list on BSE and NSE on August 28, 2025.
Mangal Electrical IPO – Day 3 Subscription Status
The IPO was oversubscribed 9.95x overall, with Non-Institutional Investors (NII) leading at 19.78x and Qualified Institutional Buyers (QIB) subscribing 11.09x. Retail Individual Investors (RII) showed moderate interest at 5.09x.
| Investor Category | Subscription (x) |
|---|---|
| Qualified Institutional Buyers (QIB) | 11.09 |
| Non-Institutional Investors (NII) | 19.78 |
| bNII (above ₹10 lakh) | 20.05 |
| sNII (less than ₹10 lakh) | 19.23 |
| Retail Individual Investors (RII) | 5.09 |
| Total | 9.95 |
Total Applications: 4,47,732
How to Check Mangal Electrical IPO Allotment Status
The allotment status can be checked online either via the Registrar’s website (Bigshare Services Pvt.Ltd.) or the BSE website.
Method 1: Registrar’s Website
Steps to check:
- Visit the Bigshare Services Pvt.Ltd. IPO allotment page.
- Select “Mangal Electrical Industries IPO” from the dropdown.
- Enter your PAN, Application Number, or Demat/DP Client ID.
- Complete the captcha and click Submit/Search.
- Your allotment status will be displayed.
Method 2: BSE Website
Steps to check:
- Visit the BSE IPO allotment page.
- Select the Equity segment and choose “Mangal Electrical Industries IPO.”
- Enter PAN and Application Number (plus captcha, if any).
- Click Submit to view allotment status.
Objective of the Mangal Electrical IPO
Mangal Electrical plans to deploy the IPO proceeds primarily for debt repayment, capacity expansion at its Unit IV facility in Rajasthan, and meeting working capital needs. A portion will also be set aside for general corporate purposes, strengthening its overall financial flexibility.
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 101.27 |
| Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus, Sikar District, Rajasthan | 87.86 |
| Funding working capital requirements of the Company | 122.00 |
| General corporate purposes | – |
Mangal Electrical IPO GMP – Day 3 Update
The last reported GMP for Mangal Electrical IPO is ₹16, last updated on August 22, 2025, 05:00 PM. With the upper price limit of ₹561, the IPO’s estimated listing price is ₹577. The expected percentage gain per share is 2.85%.
| Date | GMP (₹) | Est. Listing Price (₹) | Gain (%) |
|---|---|---|---|
| 22-08-2025 (DAY 3) | ₹16 | ₹577 | 2.85% |
Disclaimer: The above GMP (Grey Market Premium) is just unofficial market information, which is not officially confirmed. These figures are shared for informational purposes only and investment decisions based on these should be based on the investor’s own research and discretion. We do not conduct, recommend or support any kind of transaction in the grey market.
Mangal Electrical IPO – Key Details
| Particulars | Details |
|---|---|
| IPO Opening Date | August 20, 2025 |
| IPO Closing Date | August 22, 2025 |
| Price Band | ₹533–₹561 per share |
| Issue Size | ₹400 crore (Fresh Issue) |
| Lot Size | 26 shares |
| Listing Platform | BSE & NSE |
| Registrar | Bigshare Services Pvt.Ltd. |
| Mangal Electrical IPO RHP | Click Here |
Important Dates for Mangal Electrical IPO Allotment
| Event | Date |
|---|---|
| Tentative Allotment | August 25, 2025 |
| Refunds Initiation | August 26, 2025 |
| Credit of Shares to Demat | August 26, 2025 |
| Listing Date | August 28, 2025 |
Mangal Electrical Overview
Mangal Electrical Industries Ltd., founded in 1990 and based in Rajasthan, is a leading player in the electrical equipment manufacturing sector, specializing in transformers, cables, conductors, and other power transmission and distribution solutions. Its products cater to utilities, industrial clients, and infrastructure projects, ensuring reliable power distribution across markets. With multiple facilities, including an expanding Unit IV in Reengus, the company continues to scale its operations. Between FY24 and FY25, revenue grew by 22% while profit after tax surged 126%, reflecting strong growth momentum. Supported by a diversified product portfolio and operational efficiency, Mangal Electrical has built a resilient market position.
Frequently Asked Questions (FAQs)
What are the opening and closing dates of the Mangal Electrical IPO?
The IPO opened on August 20, 2025, and closed on August 22, 2025.
What is the price band of the IPO?
The price band is set at ₹533–₹561 per share.
What is the issue size of the IPO?
The IPO size is ₹400 crore, entirely a fresh issue.
When will the shares list?
The shares are expected to list on August 28, 2025, on BSE and NSE.
What are the objectives of the IPO?
Proceeds will be used for debt repayment, capacity expansion, funding working capital requirements and general corporate purposes.
