Mangal Electrical IPO Details

Mangal Electrical Industries Limited, a Jaipur-based manufacturer specializing in transformer components and EPC (Engineering, Procurement, Construction) solutions for substations, is launching its IPO from August 20–22, 2025. This ₹400 crore IPO marks the company’s public debut on both BSE and NSE.

IPO Details at a Glance

Detail	Information
IPO Window	Aug 20 – Aug 22, 2025
Issue Size	₹400 crore (100% fresh issue)
Shares Offered	0.71 crore (7,130,124 shares)
Price Band	₹533 – ₹561 per share
Minimum Lot Size	26 shares
Retail Investment	~₹14,586 for a single lot
Listing Date	Aug 28, 2025 (NSE, BSE)
Lead Manager	Systematix Corporate Services
Registrar	Bigshare Services Pvt. Ltd.

Use of Proceeds

• Repay/prepay certain borrowings (approx. ₹101.3 crore)
• Capex at Unit IV, Reengus, Rajasthan (approx. ₹87.9 crore)
• Working capital needs (approx. ₹122 crore)
• General corporate purposes

About Mangal Electrical

• Incorporated: 2008 (public company since 2024)
• Product mix: Transformer laminations, CRGO coils, amorphous/wound/toroidal cores, coil-core assemblies, EPC substation services
• Financials:
  • FY25 Revenue: ₹551.39 crore
  • FY25 PAT: ₹47.31 crore
  • Steady, consistent growth over FY23–FY25

Company Financials

Mangal Electrical Industries Ltd.'s revenue increased by 22% and profit after tax (PAT) rose by 126% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	366.46	246.54	221.26
Total Income	551.39	452.13	357.81
Profit After Tax	47.31	20.95	24.74
EBITDA	81.84	42.63	44.42
Net Worth	162.16	114.99	93.97
Total Borrowing	149.12	92.12	96.64
Amount in ₹ Crore

Objects of the Issue 

The Company Mangal Electrical IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (₹ in crores)
1	Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company	101.27
2	Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan	87.86
3	Funding working capital requirements of the Company	122.00
4	General corporate purposes	-

JM Financial Services :-

JM Financial Services regularly monitors IPO market health and sectoral momentum. As per June 2025 commentary, their experts highlight strong investor demand in power sector IPOs like Mangal Electrical, thanks to infrastructure pushes and stable earnings. JM Financial is not the lead manager for this IPO but is recognized for market expertise, investor education, and mutual fund sponsorship. Their insights help investors assess IPO risks and sector potential.

FAQs :-

Q1: What is the IPO price band and lot size?
A: The price band is ₹533–₹561 per share. The minimum lot size is 26 shares.

Q2: Who can apply and what is the minimum investment?
A: Retail and institutional investors can apply; minimum investment for retail is about ₹14,586 for one lot.

Q3: When are allotment and listing?
A: Allotment is on August 25. Listing on BSE/NSE is August 28, 2025.

Q4: What do proceeds fund?
A: Loan repayments, capacity expansion, working capital, and general purposes.

Q5: Is IPO oversubscribed?
A: On day 1, retail subscription reached 0.74x; total 0.57x. Popularity may rise as the window nears its close.