{"id":14113,"date":"2025-08-28T12:49:09","date_gmt":"2025-08-28T07:19:09","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=14113"},"modified":"2025-11-10T16:59:07","modified_gmt":"2025-11-10T11:29:07","slug":"mangal-electrical-ipo-shares-list-at-1-percent-discount","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/mangal-electrical-ipo-shares-list-at-1-percent-discount\/","title":{"rendered":"Mangal Electrical IPO Debuts, Shares List at 1% Discount"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_section el_id=&#8221;blog-inner-layout&#8221;][vc_row overlay_dotted=&#8221;&#8221;][vc_column el_class=&#8221;blog_primary&#8221;][vc_row_inner][vc_column_inner][vc_column_text css=&#8221;&#8221;]<\/p>\n<p><span data-contrast=\"auto\">Mangal Electrical Industries (MEIL), a leading transformer and power equipment manufacturer, made its stock market debut on Thursday, 28<\/span><span data-contrast=\"auto\">th<\/span><span data-contrast=\"auto\"> August 2025, listing marginally below the issue price. The listing follows a highly successful <a href=\"https:\/\/www.torusdigital.com\/ipo\">IPO<\/a> that was oversubscribed nearly ten times, reflecting strong investor confidence across institutional and retail segments.<\/span><\/p>\n<p><a href=\"https:\/\/torusdigital.go.link\/hgQeE\" target=\"_blank\" rel=\"noopener\"><br \/>\n<img decoding=\"async\" class=\"responsive-img\" src=\"https:\/\/www.torusdigital.com\/toruscope\/wp-content\/uploads\/2025\/07\/Desktop-1.jpg\" alt=\"\" \/><br \/>\n<\/a><\/p>\n<style>\n  .responsive-img {<br \/>\n    display: block;<br \/>\n    margin-left: auto;<br \/>\n    margin-right: auto;<br \/>\n    width: 100%;<br \/>\n    max-width: 900px;<br \/>\n  }<br \/>\n<\/style>\n<h2><span class=\"ez-toc-section\" id=\"Listing_Performance\"><\/span><b><span data-contrast=\"auto\">Listing Performance<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.torusdigital.com\/stocks\/mangal-electrical-industries-ltd-share-price\"><span data-contrast=\"none\">Mangal Electrical shares<\/span><\/a><span data-contrast=\"auto\"> opened at \u20b9556 on the National Stock Exchange (NSE) and \u20b9558 on the Bombay Stock Exchange (BSE), a slight discount of 0.9% to the issue price of \u20b9561. Despite the small decline, the IPO demonstrated robust demand, attracting substantial participation from qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors alike.<\/span><\/p>\n<p><span data-contrast=\"auto\">The IPO, which ran from 20\u201322 August 2025, raised \u20b9400 crore and witnessed an overall subscription nearly ten times the shares on offer. The QIB portion was oversubscribed 11.09 times, the NII quota saw bids 19.78 times, and the retail segment recorded 5.09 times subscription.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Objectives_of_the_IPO\"><\/span><b><span data-contrast=\"auto\">Objectives of the IPO<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Mangal Electrical intends to utilise the proceeds for partial or full repayment of certain outstanding borrowings, capital expenditure including civil works for expanding its Unit IV facility in Reengus, Sikar district, Rajasthan, working capital needs, and other general corporate purposes. These investments are expected to support operational efficiency and strengthen the company\u2019s market position.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Company_Background_and_Strengths\"><\/span><b><span data-contrast=\"auto\">Company Background and Strengths<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Founded in 2008, Mangal Electrical Industries specialises in transformers for electricity distribution and transmission. Its product portfolio includes CRGO coils, amorphous cores, coil assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. The company operates five manufacturing units in Rajasthan and also undertakes EPC projects for electrical substations.<\/span><\/p>\n<p><span data-contrast=\"auto\">The \u201cMangal Electrical\u201d brand is well recognised in the industry, underpinned by strong backward and forward integration, ensuring cost efficiency and quality control. Expansion plans include high-voltage (132 KV\u2013200 MVA), inverter-duty, and dry-type transformers, along with enhanced backward integration through in-house CRGO processing and tank fabrication. Work on the Unit IV expansion is set to commence in phases from January 2026.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><b><span data-contrast=\"auto\">Financial Performance<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Mangal Electrical Industries delivered strong financial results in FY25, with revenue rising 22% year-on-year to \u20b9551.39 crore. Profit after tax more than doubled to \u20b947.31 crore from \u20b920.95 crore in FY24. The company also reported robust returns, with Return on Net Worth (RoNW) at 34.14% in FY25, compared to 20.05% in FY24, while Return on Capital Employed (RoCE) stood at 25.38%, up from 19.92% the previous year.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b><span data-contrast=\"auto\">Conclusion<\/span><\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">The <\/span><a href=\"https:\/\/www.torusdigital.com\/ipo\/mangal-electrical-industries-ltd-ipo\"><span data-contrast=\"none\">Mangal Electrical IPO<\/span><\/a><span data-contrast=\"auto\"> listing reflects strong investor confidence and demonstrates the company\u2019s growth trajectory in India\u2019s <\/span><a href=\"https:\/\/www.torusdigital.com\/stocks\/sectors\/capital-goods-electrical-equipment\"><span data-contrast=\"none\">power equipment sector<\/span><\/a><span data-contrast=\"auto\">. With robust financial performance, a diversified product portfolio, and strategic expansion plans, Mangal Electrical is poised to strengthen its market presence and operational capabilities in the coming years.<\/span><\/p>\n<p><span data-contrast=\"auto\">If you are exploring more investment opportunities, check out our dedicated page on <\/span><a href=\"https:\/\/www.torusdigital.com\/ipo\/upcoming-ipo\"><span data-contrast=\"none\">upcoming IPO<\/span><\/a><span data-contrast=\"auto\"> listings to stay updated on the latest market offerings.<\/span><\/p>\n<h6>Rate this article<\/h6>\n<!-- FeedbackWP Plugin --><div  class=\"rmp-widgets-container rmp-wp-plugin rmp-main-container js-rmp-widgets-container js-rmp-widgets-container--14113 \"  data-post-id=\"14113\">    <!-- Rating widget -->  <div class=\"rmp-rating-widget js-rmp-rating-widget\">            <div class=\"rmp-rating-widget__icons\">      <ul class=\"rmp-rating-widget__icons-list js-rmp-rating-icons-list\">                  <li class=\"rmp-rating-widget__icons-list__icon js-rmp-rating-item\" data-descriptive-rating=\"Terrible!\" data-value=\"1\">              <i class=\"js-rmp-rating-icon rmp-icon rmp-icon--ratings rmp-icon--star \"><\/i>          <\/li>                  <li class=\"rmp-rating-widget__icons-list__icon js-rmp-rating-item\" data-descriptive-rating=\"Bad!\" data-value=\"2\">              <i class=\"js-rmp-rating-icon rmp-icon rmp-icon--ratings rmp-icon--star \"><\/i>          <\/li>                  <li class=\"rmp-rating-widget__icons-list__icon js-rmp-rating-item\" data-descriptive-rating=\"Okay!\" data-value=\"3\">              <i class=\"js-rmp-rating-icon rmp-icon rmp-icon--ratings rmp-icon--star \"><\/i>          <\/li>                  <li class=\"rmp-rating-widget__icons-list__icon js-rmp-rating-item\" data-descriptive-rating=\"Good!\" data-value=\"4\">              <i class=\"js-rmp-rating-icon rmp-icon rmp-icon--ratings rmp-icon--star \"><\/i>          <\/li>                  <li class=\"rmp-rating-widget__icons-list__icon js-rmp-rating-item\" data-descriptive-rating=\"Great!\" data-value=\"5\">              <i class=\"js-rmp-rating-icon rmp-icon rmp-icon--ratings rmp-icon--star \"><\/i>          <\/li>              <\/ul>    <\/div>    <p class=\"rmp-rating-widget__hover-text js-rmp-hover-text\"><\/p>    <button class=\"rmp-rating-widget__submit-btn rmp-btn js-submit-rating-btn\">      Submit Rating    <\/button>    <p class=\"rmp-rating-widget__results js-rmp-results rmp-rating-widget__results--hidden\">       <span class=\"rmp-rating-widget__results__rating js-rmp-avg-rating\">0<\/span> \/ 5.  <span class=\"rmp-rating-widget__results__votes js-rmp-vote-count\">0<\/span>    <\/p>    <p class=\"rmp-rating-widget__not-rated js-rmp-not-rated \">          <\/p>    <p class=\"rmp-rating-widget__msg js-rmp-msg\"><\/p>  <\/div>  <!--Structured data -->        <\/div>\n<div id=\"emoji-overlay\" style=\"display: none;\">\n<div id=\"overlay-emoji\"><\/div>\n<div id=\"overlay-description\" class=\"emoji-text\"><\/div>\n<\/div>\n<div id=\"rating-popup\">\n<p><span id=\"popup-close\">\u00d7<\/span><\/p>\n<div class=\"popup_message\">\n<div id=\"popup-emoji\"><\/div>\n<div class=\"popup_innermsg\">\n<h5>Thank You for Rating Our Article!<\/h5>\n<p>Your feedback is incredibly valuable to us, and we&#8217;re thrilled to hear your thoughts.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;&#8221;]<\/p>\n<h6>Share this article<\/h6>\n<div class=\"cscra-social square cscra-socials-679c8a1122c00\">\n        <a href=\"\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.torusdigital.com%2Ftoruscope%2Fnews%2Fmangal-electrical-ipo-shares-list-at-1-percent-discount%2F&t=Mangal+Electrical+IPO+Debuts%2C+Shares+List+at+1%25+Discount\" class=\"facebook\" data-toggle=\"tooltip\" data-placement=\"top\" title=\"Share On Facebook\" target=\"_blank\"><i class=\"fa fa-facebook\"><\/i><\/a>\n        <a href=\"\/\/twitter.com\/intent\/tweet?text=Mangal+Electrical+IPO+Debuts%2C+Shares+List+at+1%25+Discount&url=https%3A%2F%2Fwww.torusdigital.com%2Ftoruscope%2Fnews%2Fmangal-electrical-ipo-shares-list-at-1-percent-discount%2F\" class=\"twitter\" data-toggle=\"tooltip\" data-placement=\"top\" title=\"Share On Twitter\" target=\"_blank\"><i class=\"fa-brands fa-x-twitter\"><\/i><\/a>\n        <a href=\"https:\/\/api.whatsapp.com\/send?text=Mangal+Electrical+IPO+Debuts%2C+Shares+List+at+1%25+Discount - 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The listing follows a highly successful IPO that was oversubscribed nearly ten times, reflecting strong investor confidence across institutional and retail segments. Listing","protected":false},"author":1,"featured_media":14114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[5,169],"tags":[],"class_list":["post-14113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mangal Electrical IPO Lists Slightly Below Issue Price Amid Strong Subscription<\/title>\n<meta name=\"description\" content=\"Mangal Electrical IPO debuts on stock exchanges at a 0.9% discount to the issue price following nearly 10\u00d7 oversubscription. 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