Mangal Electrical Industries – Wittiya https://wittiya.com Top Business News, Stock Market Insights & Financial Updates | Wittiya Mon, 25 Aug 2025 09:48:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://wittiya.com/wp-content/uploads/2025/02/cropped-Favicons_1x_512x512-copy-3-32x32.png Mangal Electrical Industries – Wittiya https://wittiya.com 32 32 9 IPOs, 8 Listings—The Week That Could Redefine India’s Equity Market https://wittiya.com/ipo/9-ipos-8-listings-the-week-that-could-redefine-indias-equity-market/ Mon, 25 Aug 2025 09:48:26 +0000 https://wittiya.com/?p=14224 This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India’s stock market gears up for a busy week with nine IPOs and eight listings across mainboard and SME platforms, signaling strong investor confidence. India’s primary market is preparing for a busy week that has nine initial public offerings (IPOs) and eight stock market debuts scheduled on both mainboard and SME segments. The activity is [...]

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This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India’s stock market gears up for a busy week with nine IPOs and eight listings across mainboard and SME platforms, signaling strong investor confidence.


India’s primary market is preparing for a busy week that has nine initial public offerings (IPOs) and eight stock market debuts scheduled on both mainboard and SME segments. The activity is significant because it shows that investors are more interested in both large-cap and small-cap stocks and that liquidity inflows are steady.

Concerning the mainboard segment, Vikran Engineering and Anlon Healthcare are reported to start their IPO subscription on August 26, 2025, and will be off the subscription on August 29. Both issues have been priced attractively within the ₹86–97 range with the listing being scheduled for September 3, 2025. It has been suggested that these IPOs would be the litmus test of retail and institutional demand strength at a time when India’s capital markets are witnessing robust participation from domestic investors.

Also Read: India Witnesses a Grand Dividend and Bonus Season Led by HDFC Bank & Vedanta

On the other hand, the SME area is to have seven IPOs, which are NIS Management, Globtier Infotech, Sattva Engineering Construction, and Current Infraprojects. Afterward, three more companies will follow the footprint: Abril Paper Tech, Snehaa Organics, and Sugs Lloyd. The industry experts point out the rising number of SME IPOs, which reflects the confidence of mid-sized companies in tapping equity markets to finance expansion plans.

Regarding the listing, Patel Retail, Vikram Solar, Gem Aromatics, and Shreeji Shipping will debut on August 26, while Mangal Electrical Industries will list on August 28. In the SME section, Studio, LSD will be listed on the NSE SME platform on August 25, followed by ARC Insulation & Insulators on August 29, and LGT Business Connextions on the BSE SME platform on August 26.

Market observers concede that this cluster of IPOs and listings underscores the depth of India’s capital markets. Given that both institutional and retail participants remain strong, the next week is likely to set the tone for upcoming public issues in the festive season. Moreover, the surge is also indicative of investor confidence in the long-term economic growth story of India, especially in the areas of infrastructure, healthcare, renewable energy, and consumer retail.


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Rajasthan-Based Mangal Electrical Industries ₹400 Cr IPO Opens August 20  https://wittiya.com/ipo/mainboard/rajasthan-based-mangal-electrical-industries-%e2%82%b9400-cr-ipo-opens-august-20/ Tue, 19 Aug 2025 10:11:31 +0000 https://wittiya.com/?p=13751 This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

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 [...]

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This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

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.

Also Read: Mangal Electrical IPO Opens August 20: ₹533–561 Price Band, Debt Reduction & Capacity Expansion in Focus

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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8 IPOs and 7 Listings to Hit Indian Stock Market This Week https://wittiya.com/ipo/8-ipos-and-7-listings-to-hit-indian-stock-market-this-week/ Mon, 18 Aug 2025 08:11:21 +0000 https://wittiya.com/?p=13544 This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

The Indian primary market is gearing up for a packed week as eight new IPOs worth over ₹3,700 crore and seven fresh listings are set to hit Dalal Street. Despite cautious secondary market sentiment, investors will have multiple opportunities across mainboard and SME segments. India’s equity markets are preparing for heightened activity in the primary [...]

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This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

The Indian primary market is gearing up for a packed week as eight new IPOs worth over ₹3,700 crore and seven fresh listings are set to hit Dalal Street. Despite cautious secondary market sentiment, investors will have multiple opportunities across mainboard and SME segments.


India’s equity markets are preparing for heightened activity in the primary market as eight initial public offerings (IPOs) and seven listings are scheduled this week, beginning August 18, 2025. Collectively, these issues are expected to raise more than ₹3,700 crore, underscoring the growing appetite for equity fundraising despite consolidation in the secondary market.

Among the mainboard IPOs, five companies will lead fundraising efforts. Vikram Solar Ltd., headquartered in Kolkata and a leading manufacturer of solar energy solutions, is launching the largest issue of the week. The company aims to raise ₹2,079 crore, consisting of a fresh issue of ₹1,500 crore and an offer-for-sale (OFS) of 1.74 crore shares valued at ₹579 crore. The price band is set at ₹315–₹332 per share, and the issue will remain open from August 19 to August 21.

Shreeji Shipping Global Ltd., operating in logistics and shipping services, is also entering the market with an entirely fresh issue of 1.6 crore shares. The company plans to raise ₹410.7 crore, with a price band fixed at ₹240–₹252 per share.

In the retail sector, Patel Retail Ltd., a supermarket chain with a growing footprint, is eyeing a ₹243 crore IPO. The issue will include a fresh sale of 85.18 lakh shares alongside an OFS of 10.02 lakh shares, priced between ₹237–₹255 per share.

The specialty ingredients player, Gem Aromatics Ltd., known for producing essential oils, aroma chemicals, and derivatives, plans to raise ₹451 crore. This includes a fresh issue of ₹175 crore and an OFS of 85 lakh shares by promoters and investor doTERRA. Its price band is set at ₹309–₹325 per share.

Also Read: India Set for Busy IPO Week: Vikram Solar, Patel Retail, and Four Others to Hit Markets

Completing the mainboard action, Mangal Electrical Industries Ltd., engaged in transformer component manufacturing, will launch a fresh issue worth ₹400 crore starting August 20, with a price range of ₹533–₹561 per share.

The SME segment will also see three debut offerings:

  • Studio LSD Ltd., a multimedia production house, plans to raise over ₹70 crore at a price band of ₹48–₹51 per share (opening August 18).
  • LGT Business Connextions Ltd., a travel services aggregator, will open on August 19 with a fixed-price issue of ₹28.09 crore at ₹107 per share.
  • Classic Electrodes (India) Ltd., a Kolkata-based welding consumables producer, aims to collect ₹41.5 crore via IPO with a price band of ₹82–₹87 per share (opening August 22).

Alongside these offerings, investors will also witness seven new listings this week. BlueStone Jewellery & Lifestyle Ltd. and Regaal Resources Ltd. will list on August 19 and August 20 respectively on the mainboard. Regaal Resources has already attracted strong subscription demand, with its IPO subscribed nearly 160 times.

In the SME space, Star Imaging & Path Lab Ltd., Medistep Healthcare Ltd., and ANB Metal Cast Ltd. will debut on August 18, while Icodex Publishing Solutions Ltd. and Mahendra Realtors & Infrastructure Ltd. will follow on August 19 and August 20, respectively.

This synchronized wave of public offerings highlights the resilience of the primary market and offers diversified investment opportunities across renewable energy, logistics, specialty manufacturing, retail, healthcare, and media.


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India Set for Busy IPO Week: Vikram Solar, Patel Retail, and Four Others to Hit Markets https://wittiya.com/ipo/india-set-for-busy-ipo-week-vikram-solar-patel-retail-and-four-others-to-hit-markets/ Sat, 16 Aug 2025 10:05:44 +0000 https://wittiya.com/?p=13459 This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India’s primary markets will witness six IPOs next week, including mainboard and SME listings. Grey Market Premiums (GMPs) suggest strong investor appetite for Vikram Solar, Patel Retail, and Gem Aromatics, highlighting renewed market confidence in renewable energy, retail, and industrial stocks. India is set for an active IPO week starting August 18 with six companies [...]

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This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India’s primary markets will witness six IPOs next week, including mainboard and SME listings. Grey Market Premiums (GMPs) suggest strong investor appetite for Vikram Solar, Patel Retail, and Gem Aromatics, highlighting renewed market confidence in renewable energy, retail, and industrial stocks.


India is set for an active IPO week starting August 18 with six companies entering the primary markets. Investors are closely monitoring Grey Market Premiums (GMPs) to gauge listing expectations.

Vikram Solar IPO:

Vikram Solar– The renewable energy company will open its IPO from August 19–21 with a price band of ₹315–₹332. GMP indicates a strong premium of 18%, estimating a listing price around ₹392–₹393. The IPO is seen as a key opportunity for investors targeting India’s solar energy sector.

Patel Retail IPO:

Patel Retail– Scheduled from August 19–21 with a price band of ₹237–₹255, Patel Retail shares have a 14% GMP, suggesting a listing near ₹290. The retail sector remains an attractive avenue as consumption rebounds in urban and semi-urban India.

Gem Aromatics IPO:

Gem Aromatics– Opening August 19–21 at a price band of ₹309–₹325, the chemical and fragrance manufacturer commands a 13% GMP, projecting a listing around ₹365–₹366.

Also Read: Five Promising IPOs Signal Bright Future for Indian Capital Markets

Shreeji Shipping Global IPO:

Shreeji Shipping Global– Scheduled August 19–21 with a price band of ₹240–₹252, Shreeji Shipping shows a 10% GMP, estimating a listing at ₹278. The logistics sector continues to attract investor attention amid growing trade volumes.

Mangal Electrical Industries IPO:

Mangal Electrical– The industrial electrical company will open August 20–22 at a price band of ₹533–₹561. No significant GMP has been reported, indicating a flat listing expectation.

Studio LSD SME IPO:

Studio LSD– Opening August 18–20 with a price band of ₹51–₹54, the SME IPO is expected to list flat, offering a measured entry point for small-scale investors.


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Mangal Electrical IPO Opens August 20: ₹533–561 Price Band, Debt Reduction & Capacity Expansion in Focus https://wittiya.com/ipo/mainboard/mangal-electrical-ipo-opens-august-20-%e2%82%b9533-561-price-band-debt-reduction-capacity-expansion-in-focus/ Thu, 14 Aug 2025 09:14:14 +0000 https://wittiya.com/?p=13270 This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Mangal Electrical Industries Ltd. has announced a price band of ₹533–561 per share for its ₹400 crore initial public offering (IPO), opening for public subscription on August 20, 2025. The company plans to use the proceeds for debt reduction, capacity expansion, and working capital needs, strengthening its position in the power infrastructure sector. Mangal Electrical [...]

Read the full article here: Mangal Electrical IPO Opens August 20: ₹533–561 Price Band, Debt Reduction & Capacity Expansion in Focus — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

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This article was originally published on Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Mangal Electrical Industries Ltd. has announced a price band of ₹533–561 per share for its ₹400 crore initial public offering (IPO), opening for public subscription on August 20, 2025. The company plans to use the proceeds for debt reduction, capacity expansion, and working capital needs, strengthening its position in the power infrastructure sector.


Mangal Electrical Industries Ltd., headquartered in Jaipur, Rajasthan, is a leading player in the power infrastructure manufacturing segment, specialising in transformer components and engineering solutions for the electricity sector. The company designs and produces transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, wound and toroidal cores, and oil-immersed circuit breakers. It also manufactures transformers ranging from single-phase 5 KVA to three-phase 10 MVA units and offers EPC services for setting up electrical substations.

The IPO, entirely a fresh issue, aims to raise ₹400 crore. The subscription window will open on August 20, 2025, and close on August 22, 2025, with anchor investor bidding on August 19, 2025. The basis of allotment is expected on August 25, refunds and equity credit on August 26, and listing on the stock exchanges on August 28, 2025.

At the upper end of the price band, the company’s estimated market capitalisation will stand at approximately ₹1,550 crore. Proceeds from the offering will be allocated towards repaying outstanding debt, funding capital expenditure—including the expansion of Unit IV in Reengus, Sikar District—and meeting additional working capital requirements. As of June 2025, the company carried total outstanding debt of ₹254.89 crore.

Mangal Electrical operates five advanced manufacturing facilities in Rajasthan with significant installed capacities, including 16,200 MT for CRGO, 10,22,500 KVA for transformers, 75,000 units for ICBs, and 2,400 MT for amorphous units. Its order book, as of June 2025, stood at ₹294.20 crore, reflecting robust demand from the power sector.

Financially, the company recorded FY25 revenue of ₹549.42 crore, up from ₹449.48 crore in FY24, marking over 22% growth. Net profit more than doubled to ₹47.30 crore from ₹20.94 crore in the previous year, highlighting improved operational efficiency and increased order execution.


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