Archive · 22 Aug 2025
Mangal Electric IPO: Subscription Reaches 2.67x on Final Day
Mangal Electric, a company making transformer parts, is having an IPO (Initial Public Offering).
This means they're selling shares to the public to raise money.
The IPO was open for people to buy shares.
There was a lot of interest!
Investors could buy shares in groups of 26.
The shares are expected to start trading on August 28, 2025.
Non-Institutional Buyers showed the most interest, with a large subscription.
The company is hoping to raise Rs 400 crore.
Mangal Electric Industries IPO was subscribed 2.67 times on its final day.
The IPO is a book-building issue worth Rs 400 crore.
Investors can bid in lot sizes of 26 shares.
Shares are tentatively scheduled to list on BSE and NSE on August 28, 2025.
Non-Institutional Buyers led bidding with a subscription of 6 times.
- Who
- Mangal Electric Industries Ltd and investors.
- What
- Mangal Electric Industries IPO concluded its bidding.
- When
- Bidding concluded, with shares tentatively listing on August 28, 2025.
- Where
- BSE and NSE (listing).
- Why
- To raise capital.
- Issue Size
- Rs 400 crore
- Minimum Investment
- Rs 13,858
- Listing Date
- August 28, 2025 (Tentative)
- Overall Subscription
- 2.67x
- NII Subscription
- 6x
Sources
Patel Retail IPO Day 3 Live: Issue subscribed 19.50x so far. GMP signals over 19% listing gains. Should you subscribe?
Gem Aromatics IPO day 3: GMP, subscription status to review. Should you apply as issue ends today?
Shreeji Shipping Global IPO Day 3 Live: Here's GMP, subscription status, other key details. Apply or not?
Mangal Electrical IPO Gets 60% Subscription On Day 2 So Far: Should You Subscribe? Check GMP, Price, Other Details
Gem Aromatics IPO - Know Price Band, GMP, Issue Size and Other Details
IPO Last Day: Gem Aromatics Vs Patel Retail Vs Vikram Solar Vs Shreeji; Know Subscription & GMP
Gem Aromatics IPO Day 3: Price Band, GMP, And Other Details To Know Before Applying
Last few hours left! Shreeji Shipping Global IPO closes today; Check GMP, IPO allotment and 7 must-know details
Mangal Electrical Industries IPO sails through on day 2; GMP sees a 40% rise
Last call! Gem Aromatics IPO ends today: Check GMP, IPO subscription status, and other key details
Gem Aromatics IPO subscribed 30 times on Day 3: Allotment, listing and other key details
LIVE: Patel Retail, Shreeji Shipping, Gem Aromatics IPO allotment status today – Check online on BSE, NSE, Bigshare, KFin Tech
Gem Aromatics IPO allotment status: Check application, latest GMP & listing date