Mangal Electrical Industries IPO
Mangal Electrical Industries Limited
Minimum investment
Mangal Electrical Industries IPO Details
Bidding date
20 Aug - 22 Aug 2025
Price range
₹533 - ₹561
Minimum quantity
26
Minimum investment
₹13,858
Issue size
—
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Mangal Electrical Industries IPO Dates & Timeline
Mangal Electrical Industries IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 2.92x |
Retail Individual Investor | 1.32x |
Non-Institutional Investor | 1.58x |
Others | - |
Total | 1.32x |
About Mangal Electrical Industries IPO: Company Overview
Incorporated in 2008, Mangal Electrical Industries Ltd. is a leading manufacturer of transformers and transformer components used in the distribution and transmission of electricity across the power sector. The company operates under the brand name “Mangal Electrical”, which is recognized for strong brand recall and quality.
Its product portfolio includes CRGO coils, CRNO coils, amorphous ribbons, coil and core assemblies, toroidal cores, oil-immersed circuit breakers, and EPC services for power substations. With five production facilities in Rajasthan, the company has an annual capacity of 16,200 MT for CRGO, 10,22,500 KVA for transformers, 75,000 units of ICB, and 2,400 MT for amorphous units.
As of June 30, 2025, the company had a workforce of 761 employees across its facilities and offices.
Strengths & Risks of Mangal Electrical Industries IPO
Experienced Promoters and Management Team: The company is led by Rahul Mangal and family, supported by an experienced senior management team that brings strong industry knowledge and execution capabilities.
Diversified Customer Base: Mangal Electrical serves a wide range of clients across the power sector, reducing dependency on a single customer and ensuring stable revenue flow.
Strong Backward and Forward Integration: The company has established complete integration from raw materials to finished products, ensuring better operational efficiency, cost savings, and quality control.
Consistent Financial Growth: With a 22% increase in revenue and a 126% rise in PAT between FY24 and FY25, the company has demonstrated a solid track record of financial growth and profitability.
Approvals and Certifications: The company holds specific approvals and certifications that are limited to selected market players, giving it a competitive advantage and credibility in the industry.
High Debt Levels: The company’s Debt-to-Equity ratio of 0.92 indicates significant borrowing, which may impact financial flexibility and profitability.
Dependency on Power Sector Cycles: Since the company’s business is closely tied to the power and infrastructure sector, any slowdown in these industries could affect performance.
Intense Industry Competition: The transformer manufacturing and EPC sector is highly competitive, with multiple players offering similar products, which can put pressure on margins.
Promoter Shareholding Dilution: Post-issue, promoter shareholding will reduce from 100% to 74.19%, which may affect overall control of the promoters.
Rising Raw Material Costs: The company relies heavily on materials like CRGO and CRNO coils. Any volatility in raw material prices can increase production costs and reduce profitability.
Mangal Electrical Industries Financials: Revenue, Profit & EBITDA
N/A
How to Apply for Mangal Electrical Industries IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Mangal Electrical Industries IPO
