Mangal Electrical IPO – Review
Mangal Electrical Industries Limited, a leading transformer cores manufacturer in India, is planning to raise ₹ 400 Crore through an IPO.
[Fresh Issue ₹ 400 Cr + OFS NIL]
Mangal electrical industries ipo price is ₹ 533 – ₹ 561 per share
Mangal Electrical: History
The Company was originally formed as a partnership firm under the Indian Partnership Act, 1932, on April 28, 1989, under the name Mangal Electrical Industries.
The Company was converted into a public limited company under a special resolution approved by the shareholders on May 16, 2024, and its name was changed to Mangal Electrical Industries Limited under a fresh certificate of incorporation issued by the RoC on July 25, 2024.
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Mangal Electrical: Business
Mangal Electrical Industries Limited is in the business of processing transformer components, including
- Transformer Lamination,
- Crgo Slit Coils,
- Amorphous Cores,
- Coil Assemblies and Core Assemblies,
- Wound Core,
- Toroidal Core, and
- Oil Immersed Circuit Breakers
The Company also trades CRGO and CRNO coils, as well as amorphous ribbons.
It manufactures transformers and customised products in the power infrastructure industry.
It also manufactures transformers with capacities ranging from single-phase 5 kVA to three-phase 10 MVA (medium power) units, and provides EPC services for setting up electrical sub-station, catering to the power infrastructure sector.
Client List
The Company’s customer mix include governmental and municipal utilities such as Ajmer Vidyut Vitran Nigam Limited and Jaipur Vidyut Vitran Nigam Limited and private sector energy producers such as Voltamp Transformers Limited and Western Electrotrans Private Limited.
Export Business
For the period ended September 30, 2024, the company has exported its transformer components to the Netherlands, the United Arab Emirates, Oman, and the United States of America.
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Strategies Ahead
- Expand manufacturing capacity at existing facilities
- Enhance manufacturing capacity by qualifying for the 765 kV class approval issued by PGCIL
- Establishing collaboration with CRGO mill suppliers
- Expanding existing product portfolios
- Grow client base by diversifying into new geographies
- Maintain relationships with key clients and other stakeholders
Company Promoters
- Rahul Mangal,
- Ashish Mangal,
- Saroj Mangal,
- Aniketa Mangal
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IPO Details
Mangal electrical industries ipo date = 20 to 22 August 2025
Minimum Amount = INR 14,586
Minimum Bid = 26 Shares
Face Value (FV) = INR 10
Listing On = NSE, BSE
Book Running Lead Manager
Systematix Corporate Services Limited
Financial
CONCLUSION
FinBlab recommends ‘SUBSCRIBE‘ ratings on Mangal Electrical Industries IPO
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