Archive · 20 Aug 2025
Mangal Electrical IPO: Subscription Status on Day 1
Mangal Electrical Industries, which makes parts for transformers, is selling shares to the public through an IPO.
On the first day of bidding, investors showed interest, but the IPO was not fully subscribed.
The company hopes to raise ₹400 crore to pay off debts, improve facilities, and cover day-to-day expenses.
Shares are priced between ₹533 to ₹561 each.
Retail investors can buy a minimum of 26 shares.
The money raised will be used to improve the company.
The IPO opened on August 20 and the allotment of shares is expected on August 25.
Mangal Electrical Industries' IPO was subscribed 0.57x on its first day.
The IPO aims to raise ₹400 crore through a fresh share issue.
The price band is between ₹533 and ₹561 per share.
Funds will be used for debt repayment, capital expenditure, and working capital.
The IPO opened on August 20 and the allotment is expected on August 25.
- Who
- Mangal Electrical Industries, a manufacturer of transformer components.
- What
- Mangal Electrical Industries' IPO received a 0.57x subscription on the first day.
- When
- The IPO opened on August 20; allotment is expected on August 25, 2025.
- Where
- The company has facilities in Rajasthan.
- Why
- The company aims to raise funds for debt settlement, capital expenditure, and working capital.
- Company Name
- Mangal Electrical Industries
- IPO Opening Date
- August 20
- Price Band
- ₹533 – ₹561 per share
- Subscription Rate (Day 1)
- 0.57x
- Total Funds to be Raised
- ₹400 crore
- Use of Funds
- Debt repayment, capital expenditure, and working capital
- Allotment Date
- August 25, 2025
Sources
Mangal Electrical Industries raises ₹120 crore from anchor investors ahead of IPO
Mangal Electrical IPO day 1: GMP, subscription status to review. Apply or not?
Mangal Electrical IPO Day 1 Live: Issue opens today; GMP hints 5% signals pop. Should you apply or not?
Mangal Electrical Industries IPO: From GMP to IPO subscription, 5 ‘must-know’ details