Mangal Electrical Industries came to market through an IPO that opened on 20 August 2025 and closed on 22 August 2025, and the shares listed on 28 August 2025 on BSE, NSE. The price band was ₹533 to ₹561 per share and one lot was 26 shares, so the minimum application was ₹14,586. The issue size was ₹400 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Private Limited was the registrar to the issue, and Systematix Corporate Services Limited was the lead manager.
As of 22 August 2025.
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Mangal Electrical Industries Limited specializes in processing transformer components, including transformer lamination, CRGO slit coils, amorphous cores, coil assemblies, core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. The company also trades CRGO and CRNO coils, as well as amorphous ribbons. It manufactures transformers and customized products for the power infrastructure industry, with transformer capacities ranging from single-phase 5 KVA to three-phase 10 MVA (medium power) units.
As described in the offer document.
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Mangal Electrical Industries raises Rs 120 crore through anchor book. Notable investor Sunil Singhania's AbakAbakkusersified AlphSociete Generale, Finavenue Capital Trust, Swyom India Alpha Fund, Sundaram Alternative Investment Trust, Imap India Capital Investment Trust, and Aarthhthouse Canton-owned LC Pharos Multi Strategy Fund, Societe Generale, Finavenue Capital Trust, Swyom India Alpha Fund, Sundaram Alternative Investment Trust, Imap India Capital Investment Trust, and Aarth AIF Growth Fund were some other anchor investors in the company.
Rahul Mangal, Ashish Mangal, Saroj Mangal, Aniketa Mangal. Promoter holding 100% before the issue and 74.19% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Mangal Electrical Industries IPO was a ₹400 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹533–₹561 per share with a lot size of 26 shares (₹14,586). The IPO was open from August 20 to August 22, 2025 and was subscribed 9.46x. Shares listed on BSE and NSE on August 28, 2025 at ₹556, a 0.9% discount to the issue price of ₹561. Bigshare Services Private Limited is the registrar.
Systematix Corporate Services Limited is the book running lead manager.
The price band of Mangal Electrical Industries IPO is ₹533 to ₹561 per share.
The lot size of Mangal Electrical Industries IPO is 26 shares.
The minimum investment for Mangal Electrical Industries IPO is approximately ₹14,586 based on the upper price band.
The allotment date of Mangal Electrical Industries IPO is Aug 25, 2025.
Mangal Electrical Industries IPO listed on Aug 28, 2025. It was issued at ₹556.0(NSE) and is currently around ₹236.00 as on 2-Nov-2026 3:30 PM, which is approximately -57.9% versus issue price. The 52-week high is ₹483.00.
You can check Mangal Electrical Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Mangal Electrical Industries IPO allotment status on Rupix for quick and easy access.
₹533 to ₹561 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 26 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,586.
₹14,586, for one lot of 26 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 20 August 2025 and closed on 22 August 2025.
The basis of allotment was published on 25 August 2025 by Bigshare Services Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 August 2025 on BSE, NSE.
The issue size was ₹400 crore. The fresh issue was 71,30,124 shares (aggregating up to ₹400 crore).