
Electricals & Electronics · NSE / BSE
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
Price Band
₹533 – ₹561
Issue Size
₹400 Cr
Lot Size
26 shares
GMP
-0.5%
Est. Listing
₹558
at current GMP
Subscribed
9.95x
overall
Open
20 Aug 2025
Close
22 Aug 2025
Allotment
25 Aug 2025
Refund
26 Aug 2025
Demat Credit
27 Aug 2025
Listing
28 Aug 2025
Overall Subscription
9.95x
Total Demand
QIB Multiplier
11.09x
Institutions & Funds
NII / HNI
19.78x
High Net-Worth
Retail (RII)
5.09x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,426,042 | 15,821,702 | 11.09x |
| NIB | 1,069,519 | 21,152,664 | 19.78x |
| HNIs(10L +) | 713,012 | 14,295,476 | 20.05x |
| HNIs (2-10L) | 356,506 | 6,857,188 | 19.23x |
| RETAIL | 2,495,544 | 12,700,272 | 5.09x |
| Total | 6,060,623 | 70,827,302 | 9.95x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 95,982 | 428,212 | 4.46x |
| HNIs(10L +) | 1,959 | 7,734 | 3.95x |
| HNIs (2-10L) | 979 | 18,330 | 18.72x |
| Total Applications | 98,920 | 454,276 | 4.59x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Mangal Electrical Industries Limited is bringing an initial public offering (IPO) in the Electricals & Electronics sector with an aggregate issue size of ₹400 Crores. The shares are offered at a price band of ₹533 to ₹561 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-08-22, the basis of allotment is scheduled to be finalized on 2025-08-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Currently, Mangal Electrical Industries Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹533 to ₹561 per equity share.
The retail lot size is 26 shares requiring a minimum application amount of ₹14,586. Expected listing price is ₹558 per equity share.
The Mangal Electrical Industries Limited IPO aggregate issue size is ₹400 Crores with an equity price band set at ₹533 to ₹561 per equity share. The retail lot size is 26 shares requiring a minimum capital outlay of approx. ₹14,586.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 9.95x (Retail: 5.09x, QIB: 11.09x, NII: 19.78x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-08-25. Investors can verify status using PAN card or application number.
Mangal Electrical Industries Limited shares are scheduled to list on NSE and BSE on 2025-08-28.