Mangal Electrical Industries IPO: GMP, Price, Key Dates and Financial Highlights
- Krishna Priya
- Aug 18
- 2 min read
The company has set a price band of ₹533–₹561 per share, with retail investors able to apply for a minimum of 26 shares, requiring an investment of ₹14,586 at the upper end.
IPO Snapshot
Detail | Information |
Total Issue Size | ₹400.00 Cr |
Fresh Issue | ₹400.00 Cr |
Offer for Sale | — |
Price Band | ₹533 – ₹561 per share |
Lot Size | 26 shares |
Minimum Investment | ₹14,586 (at upper band) |
Listing | NSE & BSE |
IPO Opens | August 20, 2025 |
IPO Closes | August 22, 2025 |
Incorporated in 2008, Mangal Electrical Industries Ltd. manufactures transformers and related components used in power distribution and transmission. Operating under the brand “Mangal Electrical”, the company offers CRGO/CRNO coils, amorphous ribbons, and transformers (5 KVA to 10 MVA), while also providing EPC services. It runs five production facilities in Rajasthan with capacities spanning CRGO, transformers, ICBs, and amorphous units.
Financial Performance
Period Ended | Revenue (₹ Cr) | Profit After Tax (PAT) (₹ Cr) |
31 Mar 2025 | 549.4 | 47.3 |
31 Mar 2024 | 449.5 | 20.9 |
31 Mar 2023 | 354.3 | 24.7 |
Grey Market Premium (GMP)
As of August 18, 2025, the Grey Market Premium (GMP) for Mangal Electrical Industries IPO is ₹0. Based on the upper price band of ₹561, the estimated listing price is ₹561, implying a 0% expected gain/loss per share.
Peer Comparison
Company Name | CMP (₹) | Market Cap (₹ Cr) | Sales (₹ Cr) | OPM % | PAT (₹ Cr) | P/E |
Mangal Electrical Industries | — | — | 549.4 | — | 47.3 | — |
Vilas Transcore | 528.00 | 1,292.54 | 353.05 | 12.62 | 37.62 | 34.1 |
Jay Bee Lamination | 227.50 | 513.41 | 367.45 | 11.70 | 20.22 | 25.39 |
Use of Proceeds
The company intends to utilize the IPO proceeds primarily to strengthen its balance sheet and support future growth. Around ₹101.27 crore will go towards repayment or prepayment of certain outstanding borrowings. A further ₹87.86 crore has been earmarked for capital expenditure, including the expansion of its Unit IV facility at Reengus, Sikar (Rajasthan). Additionally, ₹122 crore will be deployed to meet the company’s growing working capital requirements and the remaining funds will be directed towards general corporate purposes.
Disclaimer: This content is for educational purposes only; please conduct your own research and consult with a qualified investment advisor before making any investment decisions.
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