Mangal Electrical's INR 400 Crore IPO: A Strategic Leap in Power Sector Expansion

Mangal Electrical Industries Limited unveils its INR 400 crore IPO, commencing August 20, 2025, to bolster its financial strength and expand facilities. Key investors show confidence as anchor investments raise INR 120 crore. The funds aim to enhance operational efficiency and support growth in the power infrastructure sector.

Devdiscourse News Desk | Mumbai (Maharashtra) | Updated: 20-08-2025 11:42 IST | Created: 20-08-2025 11:42 IST

Mangal Electrical's INR 400 Crore IPO: A Strategic Leap in Power Sector Expansion — Mangal Electrical Industries Limited IPO Opens on August 20, 2025. Image Credit: ANI

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India

Mangal Electrical Industries Limited, a key player in transformer component processing and manufacturing, is set to launch its Initial Public Offering (IPO) on August 20, 2025, targeting an INR 400 crore capital raise. The IPO price band is set between ₹533 and ₹561 per share, with listings planned on BSE and NSE.

The company has successfully attracted investment in its anchor book, closing it on August 19, 2025, with INR 120 crore raised from reputable institutional investors like Abakkus AIF and Sundaram AIF. The share allocation includes 50% to Qualified Institutional Buyers, 15% to Non-Institutional Investors, and 35% to Retail Individual Investors.

Proceeds from the IPO will be utilized for debt repayment, capital expenditure, and working capital requirements, especially for expanding the Reengus facility. Systematix Corporate Services Limited acts as the Book Running Lead Manager, promising enhanced capacity and operational efficiencies in the power infrastructure sector.

(With inputs from agencies.)