Mangal Electrical Industries Limited, a company that manufactures transformers and customised products in the power infrastructure industry, on 17 April, said that,

The Company has received the renewal of the Power Grid Corporation of India Limited (PGCIL) 765 kV-class approval. Source: BSE.

Details

According to the exchange data, Mangal Electrical (the company) has successfully received the renewal accreditation for the manufacturer approval validity extension from the Power Grid Corporation of India Limited, a Government of India Enterprise.

The renewal contract is for the Prime CRGO Coils Slitting and Laminations Cutting for Transformers & Reactors up to 765 kV class for POWERGRID projects.

This reaffirms the strong position of Mangal Electrical Industries Limited (MEIL) in the large power transformer segment, a company spokesperson added.

Mangal Electrical Received Renewal Accreditation From PGCIL

Validity

The licence (contract) is valid up to April 22, 2029.

Exchange Compliance

The Company has filed these details in accordance with Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Company came up with an IPO in August 2025 and raised INR 400 crore.

Refer to Mangal Electrical news for further details.

Market Cap: The company’s market capitalization is ₹840 crore.

Technical: The stock is currently trading above its 20-day and 50-day simple moving average but below its 100-day SMAs.

Price Performance: On a year-to-date basis, Mangal Electrical’s share is down 18.50% and down by 10.15% over the last three-month period. However, the company’s shares are trading 31.50% higher over the last one-month period.

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Disclaimer: This article is purely for informational purposes. While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Mangal Electrical Received Renewal Accreditation From PGCIL appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

[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

1. Rahul Mangal,
2. Ashish Mangal,
3. Saroj Mangal,
4. 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

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Mangal Electrical IPO – Review appeared first on Upcoming ipos: Latest news on stocks, economy & finance.