Mangal Electrical Industries Restricted is developing with its Preliminary Public Providing (IPO). The corporate, engaged in transformer manufacturing and electrical gear elements, plans to lift funds value ₹400 crore via a recent subject. With the IPO scheduled to open on August 20, 2025, and shut on August 22, 2025, buyers are eager to know whether or not this subject is value subscribing. On this article, we offer an in depth Mangal Electrical IPO Evaluate, protecting its firm profile, financials, aggressive strengths, IPO subject particulars, valuation evaluation, causes to speculate, threat components, gray market premium (GMP), and our conclusion on whether or not to speculate or keep away from.
About Mangal Electrical Industries Ltd.
Based in 2008, Mangal Electrical Industries Restricted is engaged in manufacturing transformers and transformer elements akin to CRGO slit coils, amorphous cores, and oil-immersed circuit breakers. The corporate additionally trades CRGO/CRNO coils and gives EPC companies for electrical substations.
The corporate operates 5 manufacturing services in Rajasthan with strong capacities:
- CRGO processing: 16,200 MT yearly
- Transformers: 10,22,500 KVA capability
- ICB: 75,000 items
- Amorphous cores: 2,400 MT yearly
It markets its merchandise underneath the “Mangal Electrical” model, identified for reliability and effectivity within the energy infrastructure sector. As of June 30, 2025, the corporate employed 761 everlasting employees.
Aggressive Strengths
- Robust promoter management with trade experience.
- From side to side integration guaranteeing operational effectivity.
- NABL and PGCIL lab approvals together with ISO certifications.
- Diversified buyer base, together with authorities utilities and personal power producers.
- Constant income progress and profitability.
Mangal Electrical IPO Concern Particulars
- IPO Date: August 20, 2025 – August 22, 2025
- Itemizing Date (Tentative): August 28, 2025
- Face Worth: ₹10 per share
- Value Band: ₹533 – ₹561 per share
- Lot Measurement: 26 shares
- Minimal Funding (Retail): ₹13,858
- IPO Measurement: ₹400 crore (Contemporary Concern of 71,30,124 shares)
- Concern Sort: E book Constructing IPO
- Itemizing At: BSE, NSE
- Lead Supervisor: Systematix Company Companies Ltd.
- Registrar: Bigshare Companies Pvt. Ltd.
Reservation
- QIB – No more than 50%
- NII – Not lower than 15%
- Retail – Not lower than 35%
Firm Financials
Mangal Electrical Industries – Monetary Efficiency (₹ in Crores)
| Particulars | FY23 | FY24 | FY25 |
|---|---|---|---|
| Whole Belongings | 221.26 | 246.54 | 366.46 |
| Income | 357.81 | 452.13 | 551.39 |
| EBITDA | 44.42 | 42.63 | 81.84 |
| PAT | 24.74 | 20.95 | 47.31 |
| Internet Value | 93.97 | 114.99 | 162.16 |
| Borrowings | 96.64 | 92.12 | 149.12 |
Key Ratios:
- ROE: 29%
- ROCE: 25.38%
- Debt-to-Fairness: 0.92
- PAT Margin: 8.61%
- EBITDA Margin: 14.9%
The corporate reported 22% income progress and a 126% rise in PAT between FY24 and FY25.
Objects of the Concern
The IPO proceeds of ₹400 crore might be used for:
- Debt reimbursement: ₹101.27 crore
- Growth at Unit IV (Rajasthan): ₹87.86 crore
- Working capital necessities: ₹122 crore
- Basic company functions
Valuation and P/E Comparability
- Pre-IPO EPS: ₹23.08 | P/E: 24.31x
- Submit-IPO EPS: ₹17.12 | P/E: 32.77x
- Business Friends P/E:
- Highest: Transformers & Rectifiers – 41x
- Lowest: Voltamp Transformers – 21x
- Business Common: ~31x
On the higher band, Mangal Electrical IPO is valued at 32.77x, which is barely above the trade common.
Causes to Spend money on Mangal Electrical IPO
- Robust monetary progress with strong margins.
- Growing demand for transformers and energy-efficient electrical elements.
- Effectively-established model with authorities and personal sector clientele.
- Growth plans more likely to increase capability and future revenues.
- Affordable P/E valuation in comparison with friends.
Threat Elements
- Excessive dependence on uncooked materials provide and value volatility.
- Elevated borrowings could pressure steadiness sheet regardless of deliberate debt reimbursement.
- Competitors from home and international transformer producers.
- Profitability delicate to energy and gas prices.
- Reliance on contract labour for EPC tasks.
Gray Market Premium (GMP)
As of now, Mangal Electrical IPO GMP is trending round ₹70 – ₹80 per share, indicating average itemizing features potential. (Be aware: GMP retains altering and shouldn’t be the only funding standards.)
Learn how to Apply for Mangal Electrical IPO?
- Traders can apply through ASBA via their internet banking facility.
- UPI-based IPO functions are allowed for retail buyers.
- Functions may also be made via stockbrokers, depository individuals, and registrar portals.
FAQs on Mangal Electrical IPO
1. What are the Mangal Electrical IPO dates?
The IPO opens on August 20, 2025, and closes on August 22, 2025.
2. What’s the Mangal Electrical IPO value band?
The value band is about at ₹533 – ₹561 per share.
3. What’s the minimal funding required?
Retail buyers want to use for not less than 26 shares, costing ₹13,858.
4. When will the IPO record?
Tentative itemizing date is August 28, 2025 on BSE and NSE.
5. What’s the GMP of Mangal Electrical IPO?
At present, GMP is round ₹70 – ₹80 per share.
6. Ought to I spend money on Mangal Electrical IPO?
The IPO is pretty priced with sturdy fundamentals, however dangers stay from uncooked materials prices and competitors. Lengthy-term buyers could think about subscribing.
7. Who’re the lead supervisor and registrar of the problem?
Systematix Company Companies Ltd. is the lead supervisor, and Bigshare Companies Pvt. Ltd. is the registrar.
Conclusion – Make investments or Keep away from?
Mangal Electrical IPO comes with a mixture of positives and dangers. The corporate has proven constant progress in income and earnings, enjoys sturdy model presence, and has strong enlargement plans. Valuation is barely above trade common however supported by sturdy monetary efficiency.
Advice: Threat taking buyers with a long-term horizon could subscribe to this IPO, whereas these searching for fast itemizing features ought to monitor the GMP development earlier than making use of.
Disclaimer: This text is for academic and informational functions solely. It doesn’t represent funding recommendation or a suggestion to subscribe or keep away from any IPO. Traders ought to rigorously learn the Pink Herring Prospectus (RHP) and seek the advice of their monetary advisor earlier than making any funding choice.
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