Incorporated in 2008, Mangal Electrical Industries is engaged in manufacturing transformers and processing key transformer components such as CRGO slit coils, amorphous cores, and core assemblies, catering to the power infrastructure sector. The company also trades CRGO/CRNO coils and offers EPC services for setting up electrical substations. With NABL and PGCIL lab approvals, ISO certifications, and a strong brand presence under “Mangal Electrical,” it serves both government utilities and private energy producers across India and international markets. Its in-house quality control, use of advanced German equipment, and diversified product portfolio support its reputation in the energy transmission and distribution space.
IPO schedule
Issue open date
2025-08-20
Issue close date
2025-08-22
UPI mandate deadline
2025-08-22 (5 PM)
Allotment finalization
2025-08-25
Refund initiation
2025-08-26
Share credit
2025-08-26
Listing date
2025-08-28
Mandate end date
2025-09-06
Lock-in end date for anchor investors (50%)
2025-09-24
Lock-in end date for anchor investors (remaining)
2025-11-23
Financials
Financial Year Ended
March 2023
March 2024
March 2025
Total Assets
221.26
246.54
366.46
Revenue
357.81
452.13
551.39
Profit After Tax
24.74
20.95
47.31
Issue size
Funds Raised in the IPO
Amount
Overall
₹400 crores
Fresh Issue
₹400 crores
Utilisation of proceeds
Purpose
INR crores (%)
Repayment/ prepayment, in full or in part, of certain outstanding borrowings
101.27 (25.3%)
Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan
87.86 (21.9%)
Funding working capital requirements
122 (30.5%)
General corporate purposes
Strengths
Strong promoter leadership and experienced management