Upcoming IPO This Week: Mangal Electrical Industries Sets Price Band For Its Maiden Initial Public Offer

For its entirely fresh issue of 0.71 crore shares up to Rs 400 crore via initial public offering (IPO), Mangal Electrical Industries Limited has set the price band of Rs 533/- to Rs 561/-per equity share with a face value of Rs 10/-each. The company's Initial Public Offering (IPO) will go live for subscriptions on Wednesday, August 20, 2025, and end on Friday, August 22, 2025.

Investors may place bids for multiples of 26 equity shares following the minimum of 26 equity shares. Hence, the minimum application amount for retail investors to participate in the Mangal Electrical IPO is one lot, each containing 26 shares, with a total investment of Rs 14586.

Approximately Rs 101.27 crore of the proceeds from the fresh issuance will be used to repay or partly prepay some outstanding loans that the company has taken out; Rs 87.86 crore will be used for capital expenditures, such as the construction of new facilities at Unit IV in the Reengus Sikar District of Rajasthan; Rs 122 crore will be used to fund the company's working capital needs; and the remaining amount will be used for general corporate purposes.

The issue is being made through the book-building process, with a minimum of 15% of the issue being available for allocation to non-institutional investors, a minimum of 35% of the issue being available for allocation to retail individual investors, and a maximum of 50% of the net issue being available for allocation proportionately to qualified institutional buyers.

On August 25, 2025, the allocation of shares for the Mangal Electrical IPO is anticipated to be finalized. The proposed listing date for Mangal Electrical's IPO is set for August 28, 2025, and it will be listed on the BSE and NSE. Bigshare Services Pvt. Ltd. is the issue registrar, while Systematix Corporate Services Ltd. is the book running lead manager.

Mangal Electrical Industries Ltd. posted a solid financial performance for FY25, demonstrating solid growth across multiple key metrics, according to InvestorGain.com. As of March 31, 2025, the company's total income was Rs 551.39 crore, up from Rs 452.13 crore in FY24 and Rs 357.81 crore in FY23.

Compared to FY24's profit of Rs 20.95 crore, profit after tax jumped 126% year on year to Rs 47.31 crore. Additionally, EBITDA almost doubled from Rs 42.63 crore to Rs 81.84 crore in FY25. With assets rising to Rs 366.46 crore and net worth reaching Rs 162.16 crore in FY25, the balance sheet improved.

Transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, tied and toroidal cores, and oil-immersed circuit breakers are among the transformer components that Mangal Electrical Industries Limited excels in manufacturing. In addition, it trades amorphous ribbons with CRGO and CRNO coils. It also produces specialized products such as transformers for the power sector.

With a total capacity of 16,200 MT for CRGO, 10,22,500 KVA for transformers, 75,000 units for ICB, and 2,400 MT for amorphous units annually, the business has five production sites in Rajasthan. Government utilities and private companies like Ajmer Vidyut Vitran Nigam Limited (AVVNL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) as well as private sector companies like Voltamp Transformers Limited and Western Electrotrans Private Limited make up the majority of the company's clientele.