Mangal Electrical Industries' IPO to open on 20th August

Mumbai, 14 August 2025: Mangal Electrical Industries Limited has announced a price band of ₹533 to ₹561 per share for its upcoming initial public offering (IPO). The IPO is expected to open for subscription from 20 August 2025 and close on 22 August 2025.  IPO size is ₹400 crore, which is entirely a fresh issue. The estimated market capitalisation is about ₹1,550 crore at the higher price band.

Anchor Investors to Begin Bidding on 19 August; Allotment and Refunds Scheduled

Anchor investor bidding will commence on 19 August 2025, with allotment scheduled for 25 August. Refund and credit of equity shares are expected on 26 August, ahead of the tentative listing on 28 August 2025.

Retail investors can bid for a minimum of 26 shares, requiring an investment of ₹13,858. High-net-worth individual (HNI) investors must bid in higher lots ranging between 364 and 1,794 shares, equivalent to investments of ₹2.04 lakh to ₹10.06 lakh.

Mangal Electrical’s Growth Trajectory: Revenue Up 22% and PAT More Than Doubled in FY25

The company reported a revenue of ₹549.42 crore in FY25, up from ₹449.48 crore in FY24, representing a year-on-year growth of 22%, driven by higher demand for transformer components. Net profit surged to ₹47.30 crore from ₹20.94 crore, indicating a 126% growth, buoyed by operational efficiencies and better utilisation of production capacities. Key performance indicators show a robust Return on Equity (ROE) of 29%, Return on Capital Employed (ROCE) at 25.38%, and a PAT margin of 8.61%, reflecting strong profitability and solid financial health.

IPO Proceeds to be used for repaying existing debt  and general corporate purposes

From the net proceeds of the IPO, an amount of ₹101.27 crore will be utilised to repay a part of the company’s existing debt of ₹254.89 crore. Another ₹87.86 crore will be used to meet capital expenditure, including civil works to expand Unit IV at Reengus, Sikar District, Rajasthan. ₹122 crore will be used to finance working capital requirements. The remainder of the funds will be used for general corporate purposes.

About Mangal Electrical Industries Ltd: Transformer Component Manufacturing and EPC Services Across Rajasthan

Established in 2008, Mangal Electrical Industries Ltd. manufactures transformer components, including laminations, CRGO slit coils, amorphous cores, wound and toroidal cores, and oil-immersed circuit breakers. Headquartered in Rajasthan, the company has five production units with yearly capacities of 16,200 MT for CRGO, 10,22,500 KVA for transformers, 75,000 units for oil-immersed circuit breakers, and 2,400 MT for amorphous units. The company also offers EPC services for electrical substations and markets products under the Mangal Electrical brand.

IPO Structure and Key Timelines

• IPO Type: Book-building, fresh issue
• Total Issue Size: 71,30,124 shares aggregating ₹400 crore
• Face Value: ₹10 per share
• Listing: BSE and NSE
• Anchor Bidding: 19 August 2025
• IPO Open: 20 August 2025
• IPO Close: 22 August 2025
• Tentative Allotment: 25 August 2025
• Refunds/Credit to Demat: 26 August 2025
• Tentative Listing: 28 August 2025

Systematix Corporate Services Ltd. is the book running lead manager, and the registrar of the issue is Bigshare Services Pvt. Ltd. The IPO will help strengthen Mangal Electrical’s market position while allowing investors to participate in the growth of a company serving India’s expanding power infrastructure sector.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.