Mangal Electrical Industries Limited will open its ₹400 crore Initial Public Offering (IPO) on August 20, 2025, with a price band of ₹533–₹561 per share. The fresh issue aims to strengthen the company’s financial structure by reducing debt, expanding its manufacturing facility in Rajasthan, and meeting working capital needs.
Mangal Electrical Industries Limited, headquartered in Jaipur, Rajasthan, is a prominent manufacturer of transformer components and allied products. The company’s portfolio includes laminations, amorphous cores, coil assemblies, wound and toroidal cores, and oil-immersed circuit breakers, catering to the growing power infrastructure sector in India and abroad.
The company’s ₹400 crore IPO will be entirely a fresh issue of shares. The subscription window will remain open from August 20 to August 22, 2025. Proceeds from the offering will be used for repaying borrowings, expanding the Rajasthan facility, and supporting general corporate and working capital requirements.
Mangal Electrical Industries has a diversified customer base, which includes leading state distribution companies such as Ajmer Vidyut Vitran Nigam Ltd and Jaipur Vidyut Vitran Nigam Ltd, along with private sector clients like Voltamp Transformers Ltd and Western Electrotrans. On the international front, the company exports to markets such as the Netherlands, UAE, Oman, USA, Italy, and Nepal, reflecting its strong global footprint.
As per the IPO timeline, the basis of share allotment will be finalized on August 25, 2025, while listing on stock exchanges is expected by August 28, 2025. The issue is being managed by Bigshare Services Pvt Ltd.
With a robust product portfolio and expanding international reach, Mangal Electrical Industries positions this IPO as a strategic step to drive growth, strengthen its balance sheet, and meet the rising demand in the power sector.
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