The Mangal Electrical IPO minimum market lot is 26 shares with ₹14,586 application amount. The Mangal Electrical IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Mangal Electrical IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.13 | 0.14 | 11.09 |
| NII | 0.76 | 4.42 | 19.78 |
| bNII | 0.62 | 3.67 | 20.05 |
| sNII | 1.02 | 5.91 | 19.23 |
| RII | 0.74 | 2.19 | 5.09 |
| Total | 0.57 | 2.08 | 9.95 |
Mangal Electrical IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Mangal Electrical IPO Review and Rating
- May Apply For Long-term View
Mangal Electrical IPO Form
How to apply for the Mangal Electrical IPO? You can apply for Mangal Electrical IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mangal Electrical IPO in the Invest section. The other option is you can apply for Mangal Electrical IPO via IPO forms downloaded online. Check out the Asston Pharmaceuticals forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
