Mangal Electrical Industries IPO Details – The Mangal Electrical Industries IPO is set to launch in August 2025, offering investors a chance to invest in a leading player in India’s power infrastructure sector. Aiming to raise ₹400 crore, this mainboard IPO is generating significant interest.
We provide daily updates on Indian stock market news, IPO details, quarterly results, and investment opportunities in simple and easy-to-understand language. Our aim is to help investors with genuine, SEO-friendly, and Google Discover-friendly content for better financial decisions.
IN THIS ARTICLE
Mangal Electrical Industries: Company Overview
Founded in 2008, Mangal Electrical Industries Limited is a Jaipur-based manufacturer of transformers and components critical to power distribution. Operating five advanced facilities in Rajasthan, the company produces transformer laminations, CRGO slit coils, amorphous cores, and oil-immersed circuit breakers. It also provides EPC services for electrical substations, serving government utilities, state electricity boards, and private clients.
Key Company Highlights
- Production Capacity: 16,200 MT CRGO, 750,000 KVA transformers, 75,000 ICB units, 2,400 MT amorphous cores.
- Workforce: 761 employees as of June 30, 2025.
- Brand: “Mangal Electrical” is synonymous with quality and reliability.
- Global Reach: Exports to UAE, USA, and Italy.
Mangal Electrical Industries IPO Details
| IPO Detail | Information |
|---|---|
| IPO Open Date | August 20, 2025 |
| IPO Close Date | August 22, 2025 |
| Anchor Bidding | August 19, 2025 |
| Allotment Date | August 25, 2025 |
| Refund Initiation | August 26, 2025 |
| Demat Credit | August 26, 2025 |
| Listing Date | August 28, 2025 (tentative, BSE & NSE) |
| Issue Size | ₹400 crore (71,30,124 equity shares) |
| Face Value | ₹10 per share |
| Price Band | ₹533–₹561 per share |
| Lot Size | 26 shares (₹14,586 at upper price band) |
| Issue Type | Fresh Issue (No Offer for Sale) |
| Lead Manager | Systematix Corporate Services Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
Investor Allocation
- QIB: Up to 50% of the issue.
- NII: At least 15% of the issue.
- Retail Investors: At least 35% of the issue.
Mangal Electrical Industries IPO Objectives
The IPO proceeds will support:
- Debt Repayment: ₹101.26 crore to reduce borrowings (total debt: ₹254.89 crore as of June 2025).
- Capital Expenditure: ₹87.86 crore for expanding Unit IV in Reengus, Rajasthan, and civil works at Jaipur head office.
- Working Capital: ₹122 crore for operational needs.
- General Corporate Purposes: For other business activities.
Mangal Electrical Industries IPO GMP (Grey Market Premium)
| Date | GMP (₹) | Estimated Listing Price (₹) | Expected Gain (%) |
|---|---|---|---|
| August 18, 2025 | ₹0 | ₹561 | 0% |
| August 19, 2025 | ₹21–₹25 | ₹582–₹586 | 4–4.46% |
- GMP Insight: The GMP for Mangal Electrical Industries IPO indicates a potential listing gain of 4–4.46% at ₹582–₹586 per share. GMP is unofficial and volatile, so investors should monitor trends cautiously.
Mangal Electrical Industries Financial Performance
| Metric | FY24 | FY25 | Growth |
|---|---|---|---|
| Revenue | ₹452.13 crore | ₹551.39 crore | 22% |
| PAT | ₹20.95 crore | ₹47.31 crore | 126% |
| EBITDA | ₹42.63 crore | ₹81.84 crore | 92% |
| Net Worth | – | ₹162.16 crore | – |
| Borrowings | – | ₹149.12 crore | – |
- Order Book: ₹97.87 crore as of November 30, 2024.
- P/E Ratio: 32.76x (post-issue, at ₹561), reflecting growth potential but considered aggressive.
Strengths of Mangal Electrical Industries
- Experienced Leadership: Promoters with over 35 years of expertise.
- Certifications: NABL, PGCIL lab approvals, and ISO certifications for high-voltage projects.
- Integrated Operations: In-house CRGO processing, transformer manufacturing, and EPC services.
- Diverse Clientele: Serves government and private clients, with exports to global markets.
- Growth Track Record: Strong revenue and profit growth in FY25.
Risks to Consider for Mangal Electrical Industries IPO
- Customer Concentration: Revenue dependency on a few key clients.
- Raw Material Volatility: Reliance on imported CRGO steel, subject to price fluctuations.
- High Competition: Competes with players like Vilash Transcore Ltd. (P/E 36.48) and Jay Bee Lamination Ltd. (P/E 18.28).
- Working Capital Needs: Capital-intensive operations require significant funding.
How to Apply for Mangal Electrical Industries IPO
Investors can apply via:
- ASBA: Through net banking or bank IPO portals.
- UPI: Using brokers like Zerodha, Upstox, or 5Paisa.
- Offline: Submit physical forms via brokers.
Check allotment status on Bigshare Services (https://ipo.bigshareonline.com/IPO_Status.html) using PAN, application number, or DP Client ID.
Mangal Electrical Industries IPO Review
| Analyst | Recommendation | Key Points |
|---|---|---|
| Anand Rathi | Subscribe (Long-Term) | Strong financials, power sector growth; high P/E. |
| Dilip Davda (Chittorgarh) | Moderate Investment | Aggressive pricing but growth potential; suited for cash-surplus investors. |
Industry Outlook for Mangal Electrical Industries
India’s transformer market is expected to grow from ₹353.9 billion in FY25 to ₹522.98 billion by FY30, driven by:
- Rising electricity demand.
- Government electrification initiatives.
- Renewable energy integration.
- Grid modernization.
Mangal Electrical Industries is well-placed to capitalize on these trends.
Should You Invest in Mangal Electrical Industries IPO?
The Mangal Electrical Industries IPO offers:
- Strong Growth: 126% PAT increase in FY25.
- Strategic Expansion: Debt reduction and capacity enhancement.
- Industry Tailwinds: Growing demand in the power sector.
Risks to Consider:
- High valuation (P/E 32.76x).
- Dependency on key clients and imported materials.
Recommendation: Ideal for long-term investors with a high-risk appetite. Track GMP and subscription trends before applying. Consult a SEBI-registered financial advisor for tailored advice.
For updates, visit Chittorgarh.com
Upcoming IPOs in India August 2025: Mainboard and SME IPO List with Dates, Price, and Details
