Mangal Electrical IPO subscription started on Wednesday, August 20, 2025, and will close on August 21, 2025, as per the schedule. The price band is set at ₹533 to ₹561 per share with a face value of ₹10.
Mangal Electrical IPO Subscription Status
Mangal Electrical IPO subscribed over 9.95x on its Last day till 05.00 PM on 22nd August 2025.
- Mangal Electrical IPO subscription QIB investors’ portion is 11.09x times, while NII subscribed 19.78x times, and RII investors subscribed 5.09x times.
- The company has received bids for 4,96,69,802 shares against 49,91,105 shares on offer on the Last day.
- Mangal Electrical IPO subscribed over 2.08x times on day 2
- Mangal Electrical IPO subscribed over 0.57x times on day 1.
About the Mangal Electrical IPO
Mangal Electrical Industries Limited, incorporated in 2008, is a prominent company that focuses on the manufacturing of transformers that are used for the distribution and transmission of electricity in the power sector. The company is involved in the design of transformer parts that include laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. Its brand name, “Mangal Electrical,” has built a strong reputation for having a high brand recall value, and the company mostly markets and sells its products under its brand. 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.
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 as of now. The company includes 761 permanent employees as of June 30, 2025.
Mangal Electrical IPO Company Financial Report
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.
Mangal Electrical IPO GMP
Mangal Electrical IPO GMP was ₹36 as of Friday, 22nd August. That indicates the IPO is trading at ₹597 with a ₹36 premium in the grey market against the issue price of ₹561.
