Mangal Electrical IPO: GMP, Price, Review & Allotment Details
19 August 2025 · Sachin Gadekar
Everything You Need to Know About Mangal Electrical IPO GMP, Price, Review & Allotment
Introduction
The Indian power infrastructure sector is witnessing significant growth, and companies like Mangal Electrical Industries Limited are playing a crucial role. Known for its expertise in transformer manufacturing and EPC services, Mangal Electrical has now entered the capital market with its ₹400 crore IPO.
Investors are closely watching the Mangal Electrical IPO GMP today, IPO price band, review, and allotment details. In this article, we provide a detailed breakdown of everything you need to know before applying for this IPO.
Mangal Electrical IPO Details
| Particulars | Details |
|---|---|
| IPO Date | August 20, 2025 to August 22, 2025 |
| Listing Date | August 28, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Size | ₹400 crore (71,30,124 shares) |
| Issue Price Band | ₹533 to ₹561 per share |
| Lot Size | 26 shares |
| Minimum Investment (Retail) | ₹13,858 |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Book Running Lead Manager | Systematix Corporate Services Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Shareholding Pre-Issue | 2,05,00,000 shares |
| Shareholding Post-Issue | 2,76,30,124 shares |
Mangal Electrical IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII | Not less than 15% |
Mangal Electrical IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | August 20, 2025 |
| IPO Close Date | August 22, 2025 |
| Basis of Allotment | August 25, 2025 |
| Initiation of Refunds | August 26, 2025 |
| Credit of Shares to Demat | August 26, 2025 |
| Listing Date | August 28, 2025 |
| UPI Mandate Confirmation | August 22, 2025 (by 5 PM) |
Mangal Electrical IPO Lot Size
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹13,858 |
| Retail (Max) | 13 | 338 | ₹1,89,618 |
| S-HNI (Min) | 14 | 364 | ₹2,04,204 |
| S-HNI (Max) | 68 | 1,768 | ₹9,91,848 |
| B-HNI (Min) | 69 | 1,794 | ₹10,06,434 |
About Mangal Electrical Industries Ltd.
Incorporated in 2008, Mangal Electrical Industries Limited is a leading manufacturer of transformers and electrical components used in power distribution and transmission.
The company’s portfolio includes:
CRGO wide coils & slit coils
CRGO core assemblies
Amorphous cores
Oil-immersed circuit breakers
Coil & core assemblies
Transformers (5 KVA to 10 MVA)
EPC services for electrical substations
With five production facilities in Rajasthan and a workforce of 761 employees (as of June 30, 2025), the company has built strong backward and forward integration capabilities.
Mangal Electrical IPO Financials (₹ in Crores)
| Particulars | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Assets | 366.46 | 246.54 | 221.26 |
| Total Income | 551.39 | 452.13 | 357.81 |
| Profit After Tax | 47.31 | 20.95 | 24.74 |
| EBITDA | 81.84 | 42.63 | 44.42 |
| Net Worth | 162.16 | 114.99 | 93.97 |
| Total Borrowing | 149.12 | 92.12 | 96.64 |
Mangal Electrical IPO GMP Today
The Grey Market Premium (GMP) is a key indicator of investor sentiment before listing.
Mangal Electrical IPO GMP today is fluctuating in the range of ₹90–₹110 per share (as per early market sources).
This means the expected listing price could be ₹650–₹670, compared to the upper price band of ₹561.
Investors should, however, note that GMP is unofficial and highly volatile, and it should not be the sole factor for investment.
Mangal Electrical IPO Review
Here’s a breakdown of the pros and cons:
Strengths
Strong demand for transformers in India’s growing power infrastructure sector.
Wide and diversified product portfolio.
Promoters with proven industry experience.
Consistent financial growth with increasing profits.
Strong brand reputation with backward and forward integration.
Risks
High competition from other established players.
Dependency on the power sector’s growth cycle.
Borrowings have increased YoY.
Sensitive to fluctuations in raw material prices (steel, CRGO coils).
Verdict: The IPO looks promising for long-term investors, given the company’s strong fundamentals, expansion capacity, and growth trajectory.
Final Thoughts: Should You Apply?
The Mangal Electrical IPO provides investors with exposure to the transformer manufacturing and power infrastructure industry, which is crucial for India’s electricity demand growth. With strong financials, reputed promoters, and a robust product portfolio, the IPO has potential for both listing gains (based on GMP) and long-term value creation.
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FAQs on Mangal Electrical IPO
Q1. What is the Mangal Electrical IPO GMP today?
The current GMP is in the range of ₹90–₹110, indicating strong listing sentiment.
Q2. What is the IPO price band?
The IPO price band is set between ₹533–₹561 per share.
Q3. What is the minimum investment for retail investors?
Retail investors need to apply for at least 1 lot (26 shares), amounting to approximately ₹13,858.
Q4. When will the IPO allotment be finalized?
The allotment will be finalized on August 25, 2025.
Q5. When is the Mangal Electrical IPO listing date?
The tentative listing date is August 28, 2025, on both BSE and NSE.
Q6. Who are the promoters of Mangal Electrical Industries Ltd.?
Rahul Mangal, Ashish Mangal, Saroj Mangal, and Aniketa Mangal are the company’s promoters.