The power infrastructure sector in India is buzzing with activity, driven by government initiatives and increasing demand for electricity. Mangal Electrical Industries Ltd., a key player in this space, is set to launch its IPO on August 20, 2025. The company’s public offering aims to capitalise on this growing market by expanding its manufacturing capabilities and strengthening its financial position.
This article provides a comprehensive overview of the Mangal Electrical Industries IPO, giving you the essential details needed to make an informed investment decision.
About Mangal Electrical Industries Ltd.
Established in 2008, Mangal Electrical Industries is a prominent manufacturer of transformers and a processor of various transformer components. The company operates five production facilities in Rajasthan and serves the power infrastructure sector by producing a range of transformers (from 5 KVA single-phase to 10 MVA three-phase units). They also provide Engineering, Procurement, and Construction (EPC) services for electrical substations. Their products, sold under the brand name ‘Mangal Electrical’, are known for their high quality and have garnered approvals from major players like the Power Grid Corporation of India Limited (PGCIL).
Mangal Electrical Industries Ltd. IPO Details
Mangal Electrical Industries IPO is a book-built issue of 71,30,124 shares, entirely a fresh issue, with the goal of raising ₹400 crore.
Key IPO Details
| Event | Date |
| IPO Open Date | Wed, Aug 20, 2025 |
| IPO Close Date | Fri, Aug 22, 2025 |
| Tentative Allotment | Mon, Aug 25, 2025 |
| Initiation of Refunds | Tue, Aug 26, 2025 |
| Credit of Shares to Demat | Tue, Aug 26, 2025 |
| Tentative Listing Date | Thu, Aug 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 22, 2025 |
Important IPO Timeline
| Event | Details |
| IPO Date | August 20, 2025 to August 22, 2025 |
| Listing Date | – |
| Face Value | ₹10 per share |
| Issue Price Band | ₹533 to ₹561 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 71,30,124 shares (aggregating up to ₹400.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,05,00,000 shares |
| Share Holding Post Issue | 2,76,30,124 shares |
Lot Size of Mangal Electrical Industries Ltd.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 26 | ₹14,586 |
| Retail (Max) | 13 | 338 | ₹1,89,618 |
| S-HNI (Min) | 14 | 364 | ₹2,04,204 |
| S-HNI (Max) | 68 | 1,768 | ₹9,91,848 |
| B-HNI (Min) | 69 | 1,794 | ₹10,06,434 |
Financial Performance
The company has demonstrated a strong financial performance, with significant growth in profitability. Between the fiscal years ending March 31, 2024, and March 31, 2025, the company’s Profit After Tax (PAT) surged by 126%, rising from ₹20.95 crore to ₹47.31 crore.
Company Financial Snapshot
| Particulars | 31 Mar 2025 (₹ Crore) | 31 Mar 2024 (₹ Crore) | 31 Mar 2023 (₹ Crore) |
| Assets | 366.46 | 246.54 | 221.26 |
| Total Income | 551.39 | 452.13 | 357.81 |
| Profit After Tax | 47.31 | 20.95 | 24.74 |
| EBITDA | 81.84 | 42.63 | 44.42 |
| Net Worth | 162.16 | 114.99 | 93.97 |
| Total Borrowing | 149.12 | 92.12 | 96.64 |
Key Performance Indicators (as of Mar 31, 2025)
- ROE: 29%
- ROCE: 25.38%
- Debt/Equity: 0.92
- RoNW: 34.14%
- PAT Margin: 8.61%
- EBITDA Margin: 14.90%
- Price to Book Value: 7.09
Use of IPO Proceeds
The funds raised from the Mangal Electrical Industries IPO will be utilised for the following strategic objectives:
| S.No. | Objects of the Issue | Expected Amount (₹ in Crores) |
| 1 | Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company | 101.27 |
| 2 | Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan | 87.86 |
| 3 | Funding working capital requirements of the Company | 122 |
| 4 | General corporate purposes | – |
Conclusion
Mangal Electrical Industries IPO presents an interesting opportunity for investors looking to enter the power infrastructure and electrical equipment sectors. With a strong track record of consistent growth, a robust product portfolio, and a clear plan for expansion, the company appears well-positioned to benefit from the ongoing modernization of India’s power grid. As with any investment, it is crucial for potential investors to conduct thorough research on the company’s fundamentals and associated risks before subscribing. This IPO could be a valuable addition for those with a long-term investment perspective.
