Mangal Electrical IPO allotment finalised: How to check status online on NSE, BSE, Bigshare Services; listing date here

Mangal Electrical IPO allotment: The basis of allotment of transformer components manufacturer Mangal Electrical Industries was finalised on Monday, August 25, following the conclusion of the bidding period.

The issue was subscribed to 9.46 times during the three-day subscription window. It secured bids for 4,96,74,638 shares, compared to 52,53,301 shares on offer, according to the BSE data.

The part reserved for non-institutional investors (NIIs) attracted 18.79 times subscription, while the qualified institutional buyers' (QIBs) portion got subscribed 10.54 times. Retail individual investors (RIIs) secured 4.84 times subscription.

The initial public offer, which sought to raise ₹400 crore, was entirely a fresh issuance of 0.71 crore shares. There was no offer for sale component. The price band was ₹533 to ₹561 per share.

The funds generated will be utilised to clear debt, expand the firm's facility located in Rajasthan, support working capital requirements and serve general corporate purposes.

Mangal Electrical Industries makes transformers used for distribution and transmission of electricity in the power sector. It processes transformer components, including lamination, amorphous cores, CRGO slit coils, coil and core assemblies, toroidal cores, wound cores, and oil-immersed circuit breakers.

Mangal Electrical IPO allotment date and time: When and where to check

Mangal Electrical IPO allotment status was finalised on Monday, August 25, with details being out on Bigshare Services, BSE and NSE.

Mangal Electrical IPO allotment status online on Bigshare Services; check full steps

• Go to Mangal Electrical's IPO status page: www.bigshareonline.com/ipo_Allotment.html
• Click on any of the three servers available
• Pick 'Mangal Electrical Industries Limited' from the IPO list
• Mention any one: PAN, beneficiary ID or application number
• Hit the 'Search' button

How to check Mangal Electrical IPO allotment online status on NSE

• Go to NSE's IPO status URL at https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose 'Mangal Electrical Industries Limited' with symbol ‘MEIL’
• Enter PAN and application number
• Press 'Submit'

Steps to check Mangal Electrical IPO allotment status online on BSE

• On the BSE website, go to IPO status page: https://bseindia.com/investors/appli_check.aspx
• Keep issue type as 'Equity'
• Select 'Mangal Electrical Industries Limited' from the 'Issue Name' list
• Mention PAN or application number
• Hit the 'Search' button

Mangal Electrical IPO listing date and time: When will shares be listed?

Mangal Electrical's equity shares will hit NSE and BSE on Thursday, August 28 at 10 am.

Mangal Electrical IPO latest GMP