Mangal Electrical Industries Limited is going to launch its IPO on Aug 20, 2025, the objective of raising 400 crores (Approx) from the market. The closing date of the IPO is Aug 22, 2025, and it will be listed on the National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) on Aug 28, 2025.
About Mangal Electrical
Mangal Electrical Industries Limited is a leading name in India’s power infrastructure industry. Since its establishment in 1990, the company has been manufacturing and supplying high-quality transformer components and complete power solutions. With more than three decades of expertise, Mangal Electrical Industries Limited has earned the trust of clients in India and across global markets.
The company specializes in processing transformer laminations, CRGO slit coils, amorphous cores, wound cores, toroidal cores, coil assemblies, and oil-immersed circuit breakers. Along with this, it also trades CRGO and CRNO coils and amorphous ribbons, ensuring a wide product range for power sector needs.
Mangal Electrical Industries also manufactures transformers ranging from single-phase 5 KVA to three-phase 10 MVA units. To support large-scale infrastructure projects, the company offers EPC services for electrical sub-stations, making it a complete solutions provider for the power industry.
Mission and Vision
The company’s goal is to become the world’s top producer of transformer accessories and CRGO under the direction of Mr. Rahul Mangal, its founder and managing director. Delivering dependable, inventive, and energy-efficient products while cultivating enduring relationships with customers continues to be the main priority.
Its vision is to set global benchmarks in transformer manufacturing by promoting innovation, quality, sustainability, and customer success.
Commitment to Quality and Sustainability
Mangal Electrical Industries Limited places quality at the core of its operations. With ISO 9001:2015 certification, the company follows strict quality checks at every stage of production to ensure flawless performance and reliability.
The company also takes pride in its commitment to sustainability. By reducing waste, using renewable energy, and adopting eco-friendly practices, it actively contributes to building a greener and more responsible future.
Key Milestones
- 1990 – Mangal Electrical Industries Limited was founded and began its journey in the transformer industry.
- 2008 – The company set up its transformer plant and successfully completed its first CRGO lamination billing.
- 2012 – It achieved another milestone by completing its first amorphous core transformer billing.
- 2014 – The company acquired the Powertech SEZ plant to expand and strengthen its production capacity.
- 2015 – Mangal Electrical Industries earned ISO certifications and launched its EPC division to provide complete power solutions.
- 2021 – The company delivered a 132kV project for PGCIL, showcasing its expertise in high-voltage solutions.
- 2023 – It received the prestigious ZED Silver Certification for excellence in manufacturing.
- 2024 – The company transitioned into a Public Limited Company, marking a major step in its growth journey.
IPO details of Mangal Electrical
| IPO Date | 20 Aug 2025 to 22 Aug 2025 |
| Offer Price | 533 to 561 per share |
| Lot Size | 26 Shares |
| Max. Retail Subscription (In Rs.) | Up to 2 lakhs |
| Face Value | 10 per share |
| Issue Size (In Cr.) (Approx) | 400 |
| Issue Type | Book Building |
| Listing In | NSE, BSE |
Investor category allocation of Mangal Electrical IPO
| Investor category | Allocation (% of the Net Issue) |
| QIBs | Up to 50% |
| Retail Individuals | At least 35% |
| NIIs/HNIs | At least 15% |
| Total | 100% |
Mangal Electrical (IPO Schedule)
| IPO Open Date | 20 Aug 2025 |
| IPO Close Date | 22 Aug 2025 |
| UPI Mandate deadline | 22 Aug 2025 (5 PM) |
| Allotment Date | 25 Aug 2025 |
| Refund Initiation | 26 Aug 2025 |
| Demat Transfer | 26 Aug 2025 |
| Listing Date | 28 Aug 2025 |
| Mandate end date | 06 Sept 2025 |
Financial Information of Mangal Electrical Industries Limited IPO
| Financial End | March 2023 | March 2024 | March 2025 |
| Total Assets (In Cr.) | 221.26 | 246.54 | 366.46 |
| Revenue (In Cr.) | 357.81 | 452.13 | 551.39 |
| Profit After Tax (In Cr.) | 24.74 | 20.95 | 47.31 |
| Net Worth (In Cr.) | 93.97 | 114.99 | 162.16 |
Objective of Mangal Electrical IPO
- Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by our Company;
- Capital expenditure including civil works of our Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan to optimize space usage and increase storage capacity;
- Funding working capital requirements of our Company; and
- General corporate purposes (collectively, the “Objects”).
Prospectus of Mangal Electrical IPO
List of Promoters
- Rahul Mangal
- Ashish Mangal
- Aniketa Mangal
- Saroj Mangal
Registered Address of Mangal Electrical IPO
Mangal Electrical Industries Limited
C-61, C-61 (A&B), Road No. 1-C,
V. K. I. Area, Jaipur 302 013
Rajasthan, India
Telephone: +91-141-4036113
Email: compliance@mangals.com
Website: https://mangals.com/
Mangal Electrical IPO Registrar details
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri (East) Mumbai – 400 093
Maharashtra, India
Tel: +91 22 62638200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Mangal Electrical IPO Lead Manager details
Systematix Corporate Services Limited
The Capital, A Wing, 6th Floor, No. 603-606
Plot No. C-70, G Block, Bandra-Kurla Complex,
Bandra (East), Mumbai 400051, Maharashtra, India
Tel: +91 22 6704 8000
E-mail: mangal@systematixgroup.in
Investor grievance e-mail: investor@systematixgroup.in
Website: www.systematixgroup.in
FAQs
Q. What is Mangal Electrical IPO?
A. Mangal Electrical IPO is a Regular IPO. The IPO is to be listed on NSE, BSE.
Q. When Mangal Electrical IPO will open for subscription?
A. The IPO is to open on 20 Aug 2025. The IPO will close on 22 Aug 2025.
Q. What is Mangal Electrical IPO Issue Size?
A. Mangal Electrical IPO issue size is 400 crores (Approx).
Q. What is Mangal Electrical IPO Price Band?
A. Mangal Electrical IPO Price Band is 533 to 561.
Q. What is Mangal Electrical IPO Lot Size?
A. The minimum bid is 26 Shares with 14,586 amount.
Q. What is the Mangal Electrical IPO Allotment Date?
A. Mangal Electrical IPO allotment date is 25 Aug 2025.
Q. What is the Mangal Electrical IPO Listing Date?
A. Mangal Electrical IPO listing date is 28 Aug 2025.
Q. How to Check Mangal Electrical IPO Allotment Status?
- Visit the official website of the IPO registrar – Bigshare Services Private Limited
- Click on “IPO Allotment Status”.
- Select Mangal Electrical Industries Limited IPO from the dropdown menu.
- Enter your PAN, application number, or DP/Client ID.
- Click “Search” to view your allotment result.
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