Mangal Electrical IPO GMP, Price, Allotment, Profit Estimate 2025

Mangal Electrical IPO Description – Mangal Electrical Industries is a leading player in India’s power infrastructure sector, engaged in processing transformer components and manufacturing transformers. With five production facilities across Rajasthan, the company boasts an annual installed capacity of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for oil-immersed circuit breakers (ICB), and 2,400 MT for amorphous cores. Its product portfolio includes CRGO/CRNO slit coils, amorphous ribbons, core assemblies, wound and toroidal cores, and complete transformer units ranging from 5 KVA single-phase to 10 MVA three-phase transformers.

Mangal Electrical also undertakes EPC contracts for setting up electrical substations, with a strong focus on public sector clients. The company has completed four turnkey EPC projects to date. As of 30 November 2024, its order book stands at INR 97.87 crore. It has a global footprint with exports to the USA, UAE, Netherlands, and Oman. Its clientele includes government utilities such as Ajmer Vidyut Vitran Nigam and private players like Voltamp Transformers. Products are marketed under the well-recognized ‘Mangal Electrical’ brand.

Promoters of Mangal Electrical Industries – Rahul Mangal, Ashish Mangal, Saroj Mangal, and Aniketa Mangal

Mangal Electrical IPO Details

Mangal Electrical IPO Dates	Coming soon
Mangal Electrical IPO Price	Coming soon
Fresh issue	INR 450 crore
Offer For Sale	Nil
Total IPO size	INR 450 crore
Minimum bid (lot size)	Coming soon
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	NSE, BSE

Mangal Electrical Financial Performance

	FY 2022	FY 2023	FY 2024	H1 FY 2025
Revenue	256.65	354.31	449.48	248.02
Expenses	247.83	324.94	424.02	221.71
Net income	91.95	24.74	20.95	19.73
Margin (%)	35.83	6.98	4.66	7.96

Figures in INR Crores unless specified otherwise

Mangal Electrical Offer News

Mangal Electrical Valuations & Margins

	FY 2022	FY 2023	FY 2024 (Pre Issue)	FY 2025 (Post-Issue)*
EPS	4.49	12.07	10.22	9.63
PE Ratio	–	–	–	–

* Calculated on the basis of annualized Profits After Tax for FY 2025

	FY 2022	FY 2023	FY 2024
RONW (%)	14.25	30.32	20.05
NAV	33.76	45.83	56.09
ROCE (%)	13.24	23.24	19.92
EBITDA (%)	10.01	12.54	9.48
Debt/Equity	1.72	1.03	0.80

*Compiled by IPO Central from Prospectus

Mangal Electrical IPO GMP Today (Daily Trend)

Mangal Electrical IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company – INR 96.03 crore
Capital expenditure of the company for expanding the facility at Unit IV situated Reengus, Sikar District, Rajasthan and civil works at its existing head office, Jaipur, Rajasthan to optimize space usage and increase storage capacity – INR 120 crore
Funding working capital requirements of the company – INR 122 crore
General corporate purposes

Mangal Electrical IPO Subscription – Live Updates

Coming soon

NA Shares allotted to anchor investors are not included in these calculations. Similarly, NA shares allotted to market makers, if any, are not part of these calculations.

Mangal Electrical – Comparison With Listed Peers

Company	PE ratio	EPS	RONW (%)	NAV	Revenue (Cr.)
Mangal Electrical	–	10.22	20.05	56.09	452.13
Vilash Transcore	38.99	12.82	15.57	88.53	313.95
Jay Bee Lamination	35.26	10.75	36.42	34.90	303.50

Mangal Electrical IPO Allotment Status

Mangal Electrical IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Mangal Electrical IPO Dates & Listing Performance

IPO Opening Date	Coming soon
IPO Closing Date	Coming soon
Finalization of Basis of Allotment	Coming soon
Initiation of refunds	Coming soon
Transfer of shares to demat accounts	Coming soon
Mangal Electrical IPO Listing Date	Coming soon
Opening Price on NSE	Coming soon
Closing Price on NSE	Coming soon

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Mangal Electrical Offer Lead Manager

SYSTEMATIX CORPORATE SERVICES LIMITED
The Capital, A-Wing, 6th Floor,
No. 603-606, Plot No. C-70, G-Block,
Bandra-Kurla Complex (BKC), Bandra (East),
Mumbai 400 051, Maharashtra
Tel. No.: +91-22-6704 8000
Email: [email protected]
Website: www.systematixgroup.in

Mangal Electrical Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
56-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

MANGAL ELECTRICAL INDUSTRIES LIMITED
C-61, C-61 (A&B), Road No. 1-C,
V. K. I. Area, Jaipur 302 013, Rajasthan, India
Phone: +91141-4036113
Email: [email protected]
Website: www.mangals.com

Mangal Electrical IPO FAQs

How many shares in Mangal Electrical IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for Mangal Electrical Public Offer?

The best way to apply for Mangal Electrical public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.