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MEILEQ / NSE, BSEListed
Mangal Electrical Industries

Mangal Electrical Industries Limited, incorporated in 2008, is engaged in manufacturing transformers used for the distribution and transmission of electricity in the power sector. The company processes various transformer components such as lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. Its products are marketed under the brand name “Mangal Electrical,” which enjoys a strong reputation and high brand recall value. In addition to manufacturing transformers ranging from 5 KVA to 10 MVA, the company trades in CRGO and CRNO coils as well as amorphous ribbons, and also provides EPC services for setting up electrical substations in the power infrastructure sector. With five production facilities in Rajasthan, it has an annual capacity of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for ICB, and 2,400 MT for amorphous units. The company’s product portfolio includes critical components for transformers used in electricity distribution and transmission, covering small, distribution, and large transformers, all designed to contribute to energy-efficient electrical equipment. Its CRGO wide coils are known for high magnetic permeability and low core loss, making them ideal for large, high-efficiency transformers. The CRGO slit coils are precisely cut to ensure exact dimensions for transformer core construction, enhancing efficiency by reducing energy loss. The CRGO core assemblies are designed to ensure low core loss and high operational performance. As of June 30, 2025, the company employed 761 permanent staff across its registered office, corporate office, and all operational units

₹533 - ₹5619.95x sub
Listed Price₹556.00
Listing Gain-0.89%

IPO Schedule & Timeline

Bookbuilding IPO
Open20 Aug 2025
Close22 Aug 2025
Allotment25 Aug 2025
Listing28 Aug 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail24,95,544 shares
35%
Nii(hni)10,69,519 shares
15%
QIB14,26,042 shares
20%

Minimum Application Lots

Retail1 Lot (26 shares)
₹14,586
sHNI14 Lots (364 shares)
₹2,04,204
bHNI69 Lots (1,794 shares)
₹10,06,434

Company Promoters

Rahul MangalAshish MangalSaroj MangalAniketa Mangal

Company Background

Mangal Electrical Industries Limited, incorporated in 2008, is engaged in manufacturing transformers used for the distribution and transmission of electricity in the power sector. The company processes various transformer components such as lamination, CRGO slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed c...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹551.4 Cr
Growth+54.1%
Revenue Trend (₹ in Crores)
0.0211.4422.7634.1Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25551.447.3366.5149.1
Mar-24452.121.0246.592.1
Mar-23357.824.7221.396.6

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-2523.0825.38%0%24.3132.77
Mar-2410.2219.92%0%00
Mar-2312.0723.24%0%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
25 Aug 2025
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
28 Aug 2025

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Mangal Electrical Industries. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization25 Aug 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date28 Aug 2025Trading commences on exchange

How to Check Mangal Electrical Industries Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Mangal Electrical Industries IPO

Complete issue overview for Mangal Electrical Industries (MEIL) IPO. The issue features an equity share price band of ₹533 – ₹561 per share with a minimum retail lot size of 26 Shares (minimum application amount of ₹14,586). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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