return to news
  1. Mangal Electrical IPO day 1: Check live subscription details, price band, lot size and key details

Market News

Mangal Electrical IPO day 1: Check live subscription details, price band, lot size and key details

Kamal Joshi

3 min read | Updated on August 20, 2025, 15:49 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

Mangal Electrical IPO: The ₹400 crore initial share sale is exclusively a fresh issuance of 0.71 crore equity shares. There is no offer for sale (OFS) component.

The basis of allotment of Mangal Electrical IPO is likely to be finalised on August 25. | Image: Mangals.com

The basis of allotment of Mangal Electrical IPO is likely to be finalised on August 25. | Image: Mangals.com

Mangal Electrical IPO: The initial share sale of transformer components maker Mangal Electrical Industries hit the primary market on Wednesday, August 20. The issue will close for subscription on August 22.

The ₹400 crore initial share sale, with a price band of ₹533 to ₹561 per share, is exclusively a fresh issuance of 0.71 crore shares. There is no offer for sale component.

The money generated will be used to repay debt, expand the company's facility in Rajasthan, support working capital requirements, and serve general corporate purposes.

Mangal Electrical IPO subscription details

CategorySubscription Status (As of 3:48 pm)
Qualified Institutional Buyers (QIBs)6%
Non-Institutional Investors47%
Retail Investors58%
Total41%

Mangal Electrical IPO lot size

An application size consists of one lot or 26 shares. Half of the net offer is kept aside for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

On Tuesday, the company had collected ₹120 crore in the anchor round from investors, including Abakkus Diversified Alpha Funds, Societe Generale, Finavenue Capital Trust, LC Pharos Multi Strategy Fund VCC, Swyom India Alpha Fund, Imap India Capital Investment Trust, Sunrise Investment Trust, Sundaram Alternative Investment Trust and Aarth AIF Growth Fund.

Mangal Electrical IPO allotment and listing dates

The basis of allotment of Mangal Electrical IPO is likely to be finalised on August 25, while the listing on NSE and BSE is expected on August 28.
Mangal Electrical Industries Ltd is a processor of transformer components, amorphous cores, transformer lamination, coil and core assemblies, toroidal cores, wound cores, and oil-immersed circuit breakers.

Its customers include companies like Ajmer Vidyut Vitran Nigam Ltd, Voltamp Transformers Ltd, Jaipur Vidyut Vitran Nigam Ltd, and Western Electrotrans.

Mangal Electrical IPO latest GMP

According to media reports and investorgain.com, Mangal Electrical's unlisted shares are trading at ₹586 per share, reflecting a grey market premium of 4.46% over the upper price band of ₹561.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
SIP
Consistency beats timing.
promotion image

About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.