Mangal Electrical Industries IPO GMP, Price, Date, Lot Size, Allotment, Subscription & Review: Mangal Electrical Industries IPO opens for subscription on August 20, 2025, and will close on August 22, 2025. Investors are closely tracking the company’s fundamentals, grey market premium (GMP) and subscription numbers to assess whether this IPO is worth applying.
Mangal Electrical Industries IPO Details
- IPO Name: Mangal Electrical Industries Ltd IPO
- IPO Type: Book Built Issue IPO
- IPO Open Date: August 20, 2025
- IPO Close Date: August 22, 2025
- Allotment Date: August 25, 2025
- Listing Date: August 28, 2025 (BSE & NSE)
- Face Value: ₹10 per share
- Price Band: ₹533 – ₹561 per share
- Lot Size: 26 Shares
- Minimum Retail Investment: ₹13,858 – ₹14,586
- Issue Size: Approx. ₹400 crore (Fresh Issue, ~71.3 lakh shares)
- Anchor Investor Amount: ₹120 crore raised from anchor investors
- QIB Quota: 50% of the net offer
- NII Quota: 15% of the net offer
- Retail Quota: 35% of the net offer
- Registrar: Bigshare Services Pvt Ltd
- Lead Managers: Axis Capital, ICICI Securities, HDFC Bank
- Listing Exchange: BSE, NSE
Mangal Electrical Industries IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) of Mangal Electrical Industries IPO is currently around ₹25 per share, which is 4-4.5% higher than the issue price. Based on this IPO, the expected listing price may move around ₹586 per share.
While the IPO GMP indicates moderate demand, analysts say the GMP is only an unofficial indicator and may not always reflect the actual listing performance.
Mangal Electrical Industries IPO Subscription Status
On Day 1 of subscription (August 20, 2025):
- Retail Investors: Subscribed around 14%–30%
- Non-Institutional Investors (NII): Subscribed ~5%–14%
- Qualified Institutional Buyers (QIB): Yet to participate
- Overall Subscription: Around 16%–18%
The subscription is expected to pick up momentum in the final day as QIB participation begins.
Company Background of Mangal Electrical Industries LTD
Mangal Electrical Industries Ltd is engaged in the manufacturing of electrical equipment including transformers, conductors, and related products. With India’s strong focus on power infrastructure, renewable energy, and substation development, the company is well-positioned for long-term growth.
The IPO proceeds will primarily be used for:
- Capacity expansion
- Working capital requirements
- Debt repayment
- General corporate purposes
Analyst Reviews
- Anand Rathi: Subscribe for long term, citing valuation comfort and sector growth.
- Ventura Securities: Positive view, expecting efficiency gains and wider reach.
- IIFL Securities: Subscribe, highlighting P/E valuation around 24–33x, capacity expansion, and rising demand in power sector infrastructure.
Risks to Watch
- Moderate GMP signals limited listing gains
- Business dependent on government infrastructure spending
- Competition from established players in power equipment industry
Final thoughts
The Mangal Electrical Industries IPO offers a balanced opportunity for investors. While the short-term listing gains may be limited, the company’s fundamentals, industry positioning, and anchor investor participation suggest strong long-term growth potential.
Disclaimer – This article is for informational purposes only and does not constitute investment advice, financial guidance, or a recommendation to buy or sell any securities. Investors should read the Red Herring Prospectus (RHP) carefully and consult their financial advisor before making any investment decision. Market figures, GMP figures and subscription status are based on publicly available information and may change at any time.
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