Archive · 10 Jun 2025
Mangal Electrical Receives SEBI Approval for Rs 450 Crore IPO
Mangal Electrical Industries, a company that makes transformer parts, got permission from SEBI to sell shares to the public.
They plan to raise ₹450 crore to pay off debt, build a new factory, and cover other business expenses.
The company already sells its products, like transformer components, in other countries like the Netherlands and the USA.
The money raised will help them grow and expand their business.
Mangal Electrical Industries received SEBI approval for an IPO.
The IPO aims to raise ₹450 crore through a fresh issue of shares.
Funds will be used for debt repayment, facility expansion, and working capital.
The company manufactures transformer components and provides EPC services.
Equity shares are planned for listing on NSE and BSE.
- Who
- Mangal Electrical Industries
- What
- Mangal Electrical Industries IPO
- When
- Following SEBI approval
- Where
- Jaipur, Rajasthan (headquarters and facilities)
- Why
- To repay debts, expand facilities, and cover corporate expenses.
- Company
- Mangal Electrical Industries
- IPO Amount
- Rs 450 crore
- Face Value Per Share
- Rs 10
- Lead Manager
- Systematix Corporate Services Limited
- Registrar
- Bigshare Services Private Limited
- Transformer Capacity
- 5 KVA to 10 MVA
- Production Facilities Location
- Rajasthan
Sources
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