Mangal Electrical Industries Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹533 - ₹561
- Lot size
- 26 shares
- Issue amount
- ₹400 cr
- Total subscription
- 9.95×
- Opens
- 20 Aug 2025
- Closes
- 22 Aug 2025
- Allotment
- 25 Aug 2025
- Listing
- 28 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 71,30,124 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,858
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,586
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,05,00,000
- Shares after issue
- 2,76,30,124
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 26 | ₹14,586 |
| sHNI | 14 | 364 | ₹2,04,204 |
| bHNI | 69 | 1,794 | ₹10,06,434 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 95,982 | 4,28,212 |
| HNIs(10L +) | 1,959 | 7,734 |
| HNIs (2-10L) | 979 | 18,330 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 80 | 887.6 |
| RETAIL | 140 | 712.49 |
| HNIs 2+ | 20 | 384.69 |
| HNIs 10+ | 40 | 801.98 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 23.08 | 10.22 | 12.07 |
| ROE | 25.38 | 19.92 | 23.24 |
| ROCE | 0 | 0 | 0 |
| RONW | 34.14 | 20.05 | 30.32 |
| PRE IPO(PE) | 24.31 | 0 | 0 |
| POST IPO(PE) | 32.77 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Mangal Electrical Industries Limited, incorporated in 2008, is engaged in manufacturing transformers used for the distribution and transmission of electricity in the power sector. The company processes various transformer components such as lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. Its products are marketed under the brand name “Mangal Electrical,” which enjoys a strong reputation and high brand recall value. In addition to manufacturing transformers ranging from 5 KVA to 10 MVA, the company trades in CRGO and CRNO coils as well as amorphous ribbons, and also provides EPC services for setting up electrical substations in the power infrastructure sector. With five production facilities in Rajasthan, it has 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. The company’s product portfolio includes critical components for transformers used in electricity distribution and transmission, covering small, distribution, and large transformers, all designed to contribute to energy-efficient electrical equipment. Its CRGO wide coils are known for high magnetic permeability and low core loss, making them ideal for large, high-efficiency transformers. The CRGO slit coils are precisely cut to ensure exact dimensions for transformer core construction, enhancing efficiency by reducing energy loss. The CRGO core assemblies are designed to ensure low core loss and high operational performance. As of June 30, 2025, the company employed 761 permanent staff across its registered office, corporate office, and all operational units
Strengths
- Skilled Leadership Team: strong promoter support and experienced management driving growth
- Exclusive Regulatory Edge: special approvals that create barriers for competitors
- Broad Customer Reach: serves varied clients in the power sector, reducing reliance on one customer
Risk factors
- Raw Material Price Fluctuations: changes in CRGO and other inputs can affect margins and profits
- High Product Reliance: dependence on CRGO and transformer parts makes business vulnerable to sector downturns
- Operational Interruptions: manufacturing or supply chain issues can impact operations and cash flow
Promoters
Rahul Mangal
Ashish Mangal
Saroj Mangal
Aniketa Mangal
Registrar & documents
Lead manager
Systematix Corporate Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
C-61, C-61 (A&B), Road No. 1-C, V. K. I. Area, Jaipur, Rajasthan, 302013
+91141-4036113
[email protected]Company website ↗Understanding MEIL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.