Mangal Electrical IPO

Incorporated in 2008, Mangal Electrical Industries Limited manufactures transformers used in electricity distribution and transmission. The company also processes components such as lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. Operating under the brand name “Mangal Electrical,” it enjoys strong recognition and brand recall. The company trades CRGO and CRNO coils, produces transformers ranging from 5 KVA to 10 MVA, and provides EPC services for substations, supported by five production facilities in Rajasthan.

Mangal Electrical Industries Limited IPO Overview

Mangal Electrical IPO is a book-built issue with a total size of ₹400.00 crore, comprising a fresh issue of 0.71 crore shares. The subscription window will open on August 20, 2025, and close on August 22, 2025, with allotment expected to be finalised on August 25, 2025. The company’s shares are proposed to be listed on both BSE and NSE, with a tentative listing date set for August 28, 2025.

The IPO price band has been fixed between ₹533.00 and ₹561.00 per share, and the minimum lot size for retail investors is 26 shares, requiring an investment of ₹13,858. For small non-institutional investors (sNII), the minimum application size is 14 lots, equivalent to 364 shares worth ₹2,04,204, while for big non-institutional investors (bNII), the minimum stands at 69 lots or 1,794 shares, amounting to ₹10,06,434. Systematix Corporate Services Ltd. is acting as the book-running lead manager, and Bigshare Services Pvt. Ltd. has been appointed as the registrar for the issue.

Mangal Electrical Industries Limited IPO Details

Particulars	Details
IPO Date	20 August 2025 to 22 August 2025
Listing Date	28 August 2025
Face Value	₹10 per share
Issue Price Band	₹533 to ₹561 per share
Lot Size	26 Shares
Total Issue Size	71,30,124 shares (aggregating up to ₹400.00 Cr)
Fresh Issue	71,30,124 shares (aggregating up to ₹400.00 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE, NSE
Share Holding Pre Issue	2,05,00,000 shares
Share Holding Post Issue	2,76,30,124 shares
Market Maker Portion	NA

Mangal Electrical Industries Limited IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Offer
Retail Shares Offered	Not less than 35% of the Offer
NII (HNI) Shares Offered	Not less than 15% of the Offer

Mangal Electrical Industries Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	26	₹14,586
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

Mangal Electrical Industries Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	100.00%
Post-Issue	74.19%

Mangal Electrical Industries Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	Pre-issue: ₹23.08 ; Post-issue: ₹17.12
Price/Earnings (P/E) Ratio	Pre-issue: 24.31x ; Post-issue: 32.77x
Return on Net Worth (RoNW)	34.14%
Net Asset Value (NAV)	₹79.10
Return on Equity	29%
Return on Capital Employed (ROCE)	25.38%
EBITDA Margin	14.90%
PAT Margin	8.61%
Debt to Equity Ratio	0.92

Objectives of the Proceeds

• Repayment/ prepayment of certain outstanding borrowings – ₹101.27 crore

• Capital expenditure for expanding Unit IV facility in Rajasthan – ₹87.86 crore

• Funding working capital requirements – ₹122.00 crore

• General corporate purposes – Balance proceeds

Key Financials (in ₹ Crores)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	366.46	246.54	221.26
Revenue	551.39	452.13	357.81
Profit After Tax	47.31	20.95	24.74
Net Worth	162.16	114.99	93.97
Total Borrowings	149.12	92.12	96.64