As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not the Mangal Electrical IPO. Then worry not, here we are describing 10 important key points & an in-depth, detailed Mangal Electrical IPO review which will help you to make the decision.
Strengths and Weaknesses of Mangal Electrical IPO
Strengths:
- Its promoters offer strong leadership, and it is backed by an experienced senior management team who have over 35 years of experience in the power infrastructure industry.
- The company includes a diversified customer base, including customers spanning across India and the globe.
- Mangal Electrical offers a proven track record of consistent growth, showcasing a strong market presence in the power infrastructure industry.
- India’s substation capacity has grown strongly, showing the expansion of the country’s power infrastructure to meet rising electricity demand.
Weaknesses:
- The company’s use of raw materials in manufacturing keeps changing due to many factors that are beyond its control. In case any rise or fluctuation in the prices of raw materials occurs, it can negatively impact the business, cash flow, and overall condition.
- Any disruption, breakdown, or shutdown of our manufacturing facilities or OEM suppliers could seriously affect its business, finances, operations, and cash flow.
- Mangal Electricals is mostly dependent on a limited number of customers, meaning in change in these customers can badly impact the cash flow, finances, and operations.
- They do not hold fixed agreements with their customers or suppliers for products or raw materials. Unable to maintain these relationships can negatively impact the business, cash flow, and financial performance.
Mangal Electrical IPO Details
| IPO Size | ₹400 crores |
| Offer-for-sale | No Offer-for-Sale |
| Fresh issue | ₹400 crores |
| Price band | ₹533 to ₹561 |
| Subscription | Opens on August 20, 2025, and the closing date is August 22, 2025 |
| Purpose of IPO | Fresh Issue and No Offer-for-Sale |
Mangal Electrical IPO Open and closing dates?
Mangal Electrical IPO will open for subscription on August 20, 2025, and will be closed for subscription on August 22, 2025.
What is the size of the Mangal Electrical IPO?
The company planned to raise around ₹400 crores in funds via IPO. This IPO comprises a fresh issue of ₹400 crores with no Offer-for-Sale component with a face value of ₹10 each.
What are the subscription details of the Mangal Electrical IPO?
The Mangal Electrical IPO price range is set at ₹533 to ₹561 per share. In this IPO, a total of 26 shares were available in 1 lot size for the minimum Retail category. For the maximum Retail category, 338 shares were available in 13 lot sizes. Additionally, 364 shares were available in 14 lot sizes for the S-HNI Minimum category. While for the B-HNI Minimum category, 1,794 shares were available in 69 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,586 and maximum investment of ₹1,89,618.
- Small HNI (S-HNI): Minimum investment of ₹2,04,204.
- Big HSI (S-HNI): A minimum investment of ₹10,06,434 is required.
What is the Mangal Electrical IPO listing Date?
Mangal Electrical is a Mainboard IPO. Shares will be listed on August 28, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
About Mangal Electrical
Founded in 2008, Mangal Electrical Industries Limited is one of the leading companies that is involved in the manufacturing of transformers, which are widely used for the distribution and transmission of electricity in the power sector. Mangal Electrical is engaged in the design of transformer parts that comprise laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.
The company manufactures transformers ranging from 5 KVA to 10 MVA. Moreover, it also provides EPC services for building electrical substations in the power sector. The company includes 761 permanent employees as of June 30, 2025. As of now, Mangal Electrical Industries runs 5 production units in Rajasthan with an annual capacity of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for ICB, and 2,400 MT for amorphous units.
What are the Objectives of the Mangal Electrical IPO?
The proceeds raised from the fresh issue will be utilized for the Repayment/ prepayment of certain outstanding borrowings taken by the Company. Some funds will be used for the Capital expenditure, including civil works of the Company for expanding the facility at Unit IV situated at Reengus, Sikar District, Rajasthan. Lastly, the remaining funds will be used for the company’s General corporate purposes.
Mangal Electrical IPO Financials
The company reported revenue of ₹559.24 crores in 2025, whereas the company reported a profit is ₹47.29 crores in 2025.
Mangal Electrical IPO Promoters
Rahul Mangal, Ashish Mangal, Saroj Mangal, and Aniketa Mangal are the promoters of the company.
Who are the Mangal Electrical IPO lead managers and registrar?
Systematix Corporate Services Ltd is the lead manager of the issue, while Bigshare Services Pvt Limited is the company’s registrar.
Should you apply or not for the Mangal Electrical IPO?
Investors who see the power infrastructure sector as an interesting option can invest in this IPO. Mangal Electrical has been engaged in the processing of transformer components, its transformers range from single-phase 5 KVA to three-phase 10 MVA units. The company also trades in CRGO and CRNO coils, as well as amorphous ribbons.
Strong backward and forward integration, in-house capabilities for critical raw materials, and a strong position in supplying CRGO and transformer products are the strengths of the company. However, just like the strengths, each company comes with risks too, that are high dependency on limited customers, no long-term agreements with suppliers or buyers, and exposure to raw material price fluctuations, which an investor must keep in mind before investing their money in it.
So, now the question is, should you apply or not for the Mangal Electrical IPO? If you are looking to invest in a company that promotes client relationships, a highly diversified customer base, and a proven track record of consistent growth, then Mangal Electrical’s IPO could be a good long-term investment option.
However, we recommend always doing a good financial background check on the company you want to invest in, and investing in it at your own risk.
One Response
Numbers look good on paper, but maybe first settle pending salaries at child companies like Metadrob before asking the public to invest. Trust is built inside out.