India’s Mangal Electrical Industries Ltd. is launching its ₹400 crore IPO on August 20, 2025, with a price band of ₹533–₹561 per share. Backed by strong financial growth, including a 126% rise in profits and 22% revenue growth, the company aims to strengthen operations and expand capacity.
India’s power sector is set to witness another major listing as Mangal Electrical Industries Ltd. prepares to launch its ₹400 crore initial public offering (IPO) on August 20, 2025. The IPO, priced between ₹533 and ₹561 per share, highlights the company’s strong financial momentum and expansion strategy.
IPO Key Dates and Details
The subscription window for the Mangal Electrical IPO will open on August 20, 2025, and close on August 22, 2025. The allotment is scheduled for August 25, 2025, while the tentative listing date on the BSE and NSE is August 28, 2025.
The IPO comprises a fresh issue of 0.71 crore shares worth ₹400 crore. Investors can bid in lots of 26 shares, requiring a minimum retail investment of ₹13,858. For small non-institutional investors, the minimum lot size is 14 (worth ₹2,04,204), while for large non-institutional investors, it is 69 lots (worth ₹10,06,434).
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Financial Performance
Mangal Electrical has demonstrated robust financial growth. For the fiscal year ending March 31, 2025, the company reported a 22% rise in revenue and a 126% surge in net profit compared to the previous year. This performance underscores strong operational efficiency and rising demand in India’s power infrastructure sector.
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Business Overview
Founded in 2008, Mangal Electrical specializes in the manufacturing of transformers that support distribution and transmission in India’s power sector. The company’s role in strengthening the energy backbone of India positions it favorably amid rising electricity demand and government focus on infrastructure.
Objectives of the IPO
The company intends to utilize the funds raised to:
- Repay or prepay certain borrowings,
- Invest in capital expenditure for expanding its Unit IV facility in Rajasthan,
- Fund working capital requirements, and
- Support general corporate purposes.
Risks to Watch
While the growth trajectory appears strong, Mangal Electrical highlighted risks related to raw material price volatility, which could impact profitability. The company’s financial performance remains sensitive to fluctuations in input costs such as copper and steel.
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