Mangal Electrical Industries has raised ₹120 crore from anchor traders forward of its preliminary public providing (IPO). The corporate knowledgeable the exchanges at this time that it allotted 21,39,020 fairness shares at ₹561 per share on Tuesday, August 19, 2025, to anchor traders.
Among the marquee establishments that participated within the anchor ebook embrace Abakkus Diversified Alpha Fund, LC Pharos Multi Technique Fund VCC, Société Générale, Finavenue Capital Belief, Swyom India Alpha Fund, Sundaram Various Funding Belief, Imap India Capital Funding Belief, Dawn Funding Belief, Aarth AIF Progress Fund, and Steptrade Revolution Fund.
Systematix Company Providers Restricted is the only real book-running lead supervisor, whereas Bigshare Providers Personal Restricted is the registrar to the difficulty.
Problem Particulars
The IPO opens for subscription tomorrow (Wednesday, August 20), with the value band fastened at ₹533– ₹561 per fairness share. The corporate goals to boost ₹400 crore fully by way of a contemporary challenge of 0.71 crore shares.
The allotment of shares is predicted to be finalized on August 25, 2025. Retail traders can apply for at least 26 shares, requiring an funding of ₹14,586, and a most of 13 heaps, requiring ₹1,89,618. The IPO can be listed on the BSE and NSE, with a tentative itemizing date of August 28, 2025.
The corporate proposes to make the most of the online proceeds from the difficulty for compensation/prepayment (in full or partially) of sure excellent borrowings, capital expenditure (together with civil works for increasing its Unit IV facility at Reengus, Sikar District, Rajasthan), funding working capital necessities, and basic company functions.
Concerning the firm
Included in 2008, Mangal Electrical Industries Restricted is engaged in manufacturing transformers used for the distribution and transmission of electrical energy within the energy sector.
The corporate additionally manufactures transformer parts, together with laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers.
Disclaimer: This story is for academic functions solely. The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise traders to examine with licensed consultants earlier than making any funding choices.
