Mangal Electrical Industries Ltd, a rising star in India’s power infrastructure sector, is launching its highly anticipated Initial Public Offering (IPO) on August 20, 2025. Known for its expertise in manufacturing power and distribution transformers, the company plays a crucial role in India’s energy ecosystem.
If you’re an investor eyeing opportunities in the capital goods or electrical equipment space, this IPO could be worth your attention.
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Company Snapshot: Mangal Electrical Industries Ltd
Established in 2008, Mangal Electrical Industries Ltd. operates in the power transmission and electrical equipment space, offering a broad range of transformer products and EPC (Engineering, Procurement, and Construction) services.
🔍 Key Highlights:
- Manufactures power & distribution transformers, CRGO slit coils, amorphous cores, and core assemblies.
- Supplies products to government utilities, private power companies, and infrastructure developers.
- NABL-accredited and ISO-certified, with PGCIL-approved testing facilities.
- Has a state-of-the-art manufacturing plant in Reengus, Rajasthan.
- Uses advanced German machinery for quality assurance and precision engineering.
- Expanding its footprint in global markets while maintaining a strong domestic base.
Mangal Electrical IPO 2025 Details
| IPO Detail | Information |
|---|---|
| IPO Open Date | August 20, 2025 |
| IPO Close Date | August 22, 2025 |
| Price Band | ₹533 – ₹561 per share |
| Lot Size | 26 shares |
| Minimum Investment | ₹13,858 (at lower band) |
| Issue Size | ₹400 crore |
| Fresh Issue Only? | Yes – 7.13 million shares |
| Listing Date | August 28, 2025 |
| Exchanges | NSE & BSE |
| Face Value | ₹10 per share |
🔔 Note: This IPO is a fresh issue only, meaning no existing shareholders are offloading their stake. The entire ₹400 crore raised will go toward business expansion and debt reduction.
Financial Performance Overview (₹ in Millions)
| Metric | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total Revenue | 452.13 | 357.81 | 219.40 |
| Profit After Tax | 20.95 | 24.74 | 6.07 |
| EBITDA | 45.27 | 47.93 | 21.60 |
| Total Assets | 246.54 | 221.26 | 241.51 |
| Total Liabilities | 246.54 | 221.26 | 241.51 |
The company shows consistent revenue growth, with stable EBITDA margins of over 10%. Though net profit dipped slightly in FY24, the overall trend remains positive.
Fund Utilization Breakdown
Here’s how Mangal Electrical plans to use the ₹400 crore raised:
- ₹101.27 Cr (25.3%) – Debt repayment
- ₹87.86 Cr (21.9%) – Capacity expansion at the Reengus facility
- ₹122 Cr (30.5%) – Working capital for large-scale orders
- Remaining – General corporate expenses
This strategic fund allocation will help improve financial stability, boost production capabilities, and support future growth.
Key Strengths of Mangal Electrical Industries
- Experienced leadership with deep industry know-how
- NABL, PGCIL, and ISO certifications that ensure quality and credibility
- Wide-ranging product portfolio serving both private and government sectors
- In-house component processing for better quality control and cost efficiency
- Positioned to capitalize on India’s booming energy infrastructure investment
- Strong relationships with high-value clients
Potential Risks to Consider
- Raw Material Volatility – Reliance on external suppliers for critical inputs
- High Power Consumption – Manufacturing process is energy intensive
- Supply Chain Risks – Delays could impact timely order execution
- Regulatory Shifts – Compliance with new energy/environment norms may impact margins
- Sector Competition – Faces stiff competition from other power equipment players
- Customer Dependency – Over-reliance on a few clients can affect revenue
How to Apply for the Mangal Electrical IPO
You can apply via:
- Online trading platforms like Zerodha, Groww, Upstox, etc.
- Bank ASBA facilities through net banking
Important Dates:
- Allotment finalization – August 25, 2025
- Refunds & share credit – August 26, 2025
- Listing on BSE/NSE – August 28, 2025
Minimum application is 1 lot (26 shares), requiring an investment of approx. ₹13,858.
Final Thoughts
Mangal Electrical Industries Ltd’s IPO arrives at a time when India is significantly boosting its power infrastructure. With a strong product portfolio, solid financials, and plans to scale operations, this IPO offers a compelling growth story.
If you’re looking to invest in a mid-cap electrical equipment company with long-term potential, Mangal Electrical may be a strong contender. However, assess the risks, industry trends, and company fundamentals carefully before investing.
📌 Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always consult a financial advisor before making investment decisions.