Mangal Electrical ₹400 crore

Mangal Electrical Industries IPO aims to raise ₹400 crore through its public issue. The issue is a 100% fresh issue of over 71.3 lakh shares. The company has fixed the price band of the issue at ₹533 to ₹561 per share. The lot size, or the minimum bid quantity to apply for the issue, is 26 shares. This equates to a minimum investment amount of ₹14,586 per lot at the upper end of the price band for retail investors. Mangal Electrical Industries shares are scheduled to list on the

and NSE on August 28.