MANGAL ELECTRICAL INDUSTRIES
August 20, 2025 – August 22, 2025
| Price | ₹533 - ₹561 |
| Premium | ₹34 |
|---|---|
| Lot size | 26 |
| Allotment | Aug 25, 2025 |
| Listing | Aug 28, 2025 |
MANGAL ELECTRICAL INDUSTRIES Subscription
Last updated on 21-Aug-2025 15:54:11
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1426042 | 199680 | 0.14 |
| HNIs | 1069519 | 3637218 | 3.4 |
| HNIs 10+ | 713012 | 1960634 | 2.75 |
| HNIs 2+ | 356506 | 1676584 | 4.7 |
| Retail | 2495544 | 4816084 | 1.93 |
| Total | 4991105 | 8652982 | 1.73 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1959 | 1043 | 0.53 |
| HNIs (2-10L) | 979 | 4493 | 4.59 |
| Retail | 95982 | 158940 | 1.66 |
| Total Applications: 164476 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 80 | 11.2 | 0.14 |
| FIIs | - | 0 | - |
| DIIs | - | 0 | - |
| Mutual funds | - | 0 | - |
| Others | - | 11.2 | - |
| HNIs | 60 | 204.05 | 3.4 |
| HNIs 10+ | 40 | 109.99 | 2.75 |
| HNIs 2+ | 20 | 94.06 | 4.7 |
| Retail | 140 | 270.18 | 1.93 |
| Total | 280 | 485.43 | 1.73 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.1 | @9% ₹0.1 | @10% ₹0.2 | @11% ₹0.2 | @12% ₹0.2 |
MANGAL ELECTRICAL INDUSTRIES About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 26 | 14586 | 95982 |
| sHNI | 14 | 364 | 204204 | 979 |
| bHNI | 69 | 1794 | 1006434 | 1959 |
Mangal Electrical IPO Details
| Total Issue Size | 71,30,124 shares (aggregating up to ₹400.00 Cr) |
| Fresh Issue | 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 |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 25.38% | 19.92% | 23.24% |
| RONW | 34.14% | 20.05% | 30.32% |
| D/E | 0.92 | 0.8 | 1.03 |
| EPS (basic) | 23.08 | 10.22 | 12.07 |
| P/E Pre IPO | 24.31 | ||
| P/E Post IPO | 32.77 |
Company Financials ( In ₹ Crores)
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 366.5 | 246.5 | 221.3 |
| Total Income | 551.4 | 452.1 | 357.8 |
| Profit After Tax | 47.3 | 21.0 | 24.7 |
| EBITDA | 81.8 | 42.6 | 44.4 |
| Net Worth | 162.2 | 115.0 | 94.0 |
| Total Borrowing | 149.1 | 92.1 | 96.6 |
Peer Comparison (Valuation)
| Company | P/E (x) | CMP* (₹) | Face value (₹) |
|---|---|---|---|
| Mangal Electrical Industries | - | - | 10 |
| Vilash Transcore | 36.48 | 531.9 | 10 |
| Jay Bee Lamination | 18.28 | 225.05 | 10 |
Peer Comparison (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| Mangal Electrical Industries | 79.1 | 34.14% | 23.08 |
| Vilash Transcore | 117.68 | 15.27% | 14.58 |
| Jay Bee Lamination | 65.42 | 24.11% | 12.31 |
About Company
Incorporated: 2008
Headquarters: Rajasthan, India
Industry: Power Equipment Manufacturing
Overview:
Mangal Electrical Industries Ltd. is engaged in the manufacturing of transformers (5 KVA–10 MVA) and essential transformer components including CRGO/coils, amorphous cores, wound/toroidal cores, and oil-immersed circuit breakers. The company also trades CRGO/CRNO coils and amorphous ribbons, and offers EPC services for electrical substations.
Brand: Marketed under the “Mangal Electrical” brand, known for strong reputation and high recall in the power sector.
Infrastructure:
5 manufacturing facilities in Rajasthan
Annual capacity:
16,200 MT CRGO
750,000 KVA transformers
75,000 ICB units
2,400 MT amorphous cores
Workforce: 761 permanent employees (as of June 30, 2025)
Strength
Experienced Leadership: Strong promoter backing and seasoned senior management driving strategic growth.
Regulatory Advantage: Holds exclusive approvals, creating entry barriers for competitors.
Diverse Customer Base: Serves a wide range of clients across the power sector, reducing dependency on any single customer.
Weakness
Raw Material Volatility: Fluctuations in CRGO and other input prices can impact margins and profitability.
Product Dependency: Heavy reliance on CRGO and transformer components makes the business vulnerable to sector-specific downturns.
Operational Disruptions: Any breakdowns or shutdowns in manufacturing or OEM supply chains may significantly affect operations and cash flow.
MANGAL ELECTRICAL INDUSTRIES Lead Manager(s)
MANGAL ELECTRICAL INDUSTRIES Address
C-61, C-61 (A&B),
Road No. 1-C,
V. K. I. Area,
Jaipur, Rajasthan, 302013
Phone: +91141-4036113
Email: compliance@mangals.com
Website: http://www.mangals.com/