On the last day, Mangal Electricals was subscribed 9.95 times overall, a retail quota was 5.09 times, QIB 11.09, and 19.78 for NII.
Details About Mangal Electricals IPO
Mangal Electricals received approval from SEBI for an IPO of ₹400 crore, comprising a fresh issue of ₹400 crores and no offer for sale component with a face value of ₹10 each.
Mangal Electricals has set up a ₹533 to ₹561 per share. In the Mangal Electricals IPO, 1 lot size for the minimum Retail category got 26 shares, and for the max retail category, 338 shares in 13 lot sizes, for the S-HNI Minimum category, 364 shares in 14, and the B-HNI Minimum category, 1,794 shares are available in 69 lot sizes.
To invest in the Mangal Electricals IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,586.
- Retail investors’ (Max) investment of ₹1,89,618.
- Small HNI (S-HNI): Minimum investment of ₹2,04,204.
- Big HNI(B-HNI): maximum investment of ₹10,06,434.
Mangal Electricals subscription duration
Mangal Electricals IPO started on August 20, 2025, and closed on August 22, 2025. The investor’s allotment date was August 25, 2025, and they received a refund on August 26, 2025. Mangal Electricals’ IPO listing date is August 28, 2025.
About Mangal Electricals Company
Founded in 2008, Mangal Electrical Industries is one of the leading companies engaged in the manufacturing of transformers that are utilized for the distribution and transmission of electricity in the power sector. Mangal Electrical Industries is engaged in designing and manufacturing a wide range of transformer parts, including laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.
The company markets its products primarily under the brand name ‘Mangal Electrical,’ which has established strong brand recognition and recall in the industry. It manufactures transformers with capacities ranging from 5 KVA to 10 MVA and also provides EPC (Engineering, Procurement, and Construction) services for developing electrical substations in the power sector.
The company operates five production facilities in Rajasthan with an installed capacity of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for oil-immersed circuit breakers, and 2,400 MT for amorphous units. As of June 30, 2025, Mangal Electrical Industries employs 761 permanent staff members.
Mangal Electricals Financial Background
The company reported revenue of ₹551.39 crores in 2025 against ₹452.13 crores in 2024. The company reported a profit of ₹47.31 crores in 2025 against a profit of ₹20.95 crores in 2024.
