Mangal Electrical IPO – Key Details Explained.

Mangal Electrical Industries is coming out with an IPO (Initial Public Offering) soon. Here’s what you need to know: • Price Band: ₹533–₹561 per share • IPO Dates: Opens Aug 20, closes Aug 22 • Anchor Bidding: Aug 19 • Allotment Date: Aug 25 • Refunds & Share Credit: Aug 26 • Listing Date: Aug 28 • Issue Size: Fresh issue of ₹400 crore • Market Cap (Upper Band): Around ₹1,550 crore Use of Funds: • Repay debt • Capital expenditure (expand Unit IV in Rajasthan for more storage & space) • Working capital needs Debt Status: ₹254.89 crore outstanding as of June 2025 What the Company Does: • Makes transformer components (laminations, coils, cores, circuit breakers) • Manufactures transformers (5 KVA single-phase to 10 MVA three-phase) • Trades in CRGO/CRNO coils and amorphous ribbons • EPC services for electrical substations Capacity & Operations: • 5 production facilities in Rajasthan • Annual installed capacity: - CRGO: 16,200 MT - Transformers: 10,22,500 KVA - Oil-immersed circuit breakers: 75,000 units - Amorphous units: 2,400 MT • Order book (June 2025): ₹294.20 crore Financials: • FY25 Revenue: ₹549.42 crore (up from ₹449.48 crore in FY24) • FY25 Net Profit: ₹47.30 crore (up from ₹20.94 crore in FY24) In short: Mangal Electrical is growing fast, has a healthy order book, and is raising funds mainly to reduce debt and expand capacity.