Mangal Electrical Industries Limited has fixed the price band of ₹533/- to ₹561/- per Equity Share of face value ₹10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Wednesday, August 20, 2025, for subscription and close on Friday, August 22, 2025. Investors can bid for a minimum of 26Equity Shares and in multiples of 26Equity Shares thereafter.
The IPO is entirely a fresh issue of shares up to Rs 40,000 lakhs.
The proceeds from the fresh issue to the extent of Rs 10,126.65 lakhs for repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company; Rs 8,785.63 lakhs for capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan; Rs 12,200.00 lakhs for funding working capital requirements of the Company and the balance is for general corporate purposes.
Mangal Electrical Industries Limited specializes in processing transformer components, including transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound and toroidal cores, and oil-immersed circuit breakers. It also trades CRGO and CRNO coils, as well as amorphous ribbons. Additionally, it manufactures transformers and customized products for the power infrastructure industry. Its transformer range spans from single-phase 5 KVA to three-phase 10 MVA units. It also offers EPC services for construction of electrical substations under turnkey project, serving the power sector.
The company has five production facilities in Rajasthan with an aggregate production capacity of 16,200 MT for CRGO, 10,22,500 KVA for transformers and 75,000 units for ICB and 2,400 MT for Amorphous units per annum.
It is both NABL and PGCIL lab approved underscoring its adherence to stringent quality standards. It has also approved by PGCIL approval for processing of CRGO and lamination for transformers/ reactors from up to 765 kV class and are also an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified with a global customer base. The company has also obtained NTPC approval for CRGO processing.
Further, it also possess Brockhaus Messtechnik, a Germany based machinery, used for quality control checks that enables it to achieve high-efficiency level outputs.
The company’s customer mix primarily include government discoms and private such as Ajmer Vidyut Vitran Nigam Limited (AVVNL) and Jaipur Vidyut Vitran Nigam Limited (JVVNL) and private sector such as Voltamp Transformers Limited and Western Electrotrans Private Limited etc. It has exported its transformer components to Netherlands, United Arab Emirates, Oman, United States of America, Italy and Nepal.
Systematix Corporate Services Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue.
