The Mangal Electrical IPO is set to open from August 20 to August 22, 2025, with a price band of ₹533 to ₹561 per share, aiming to raise approximately ₹400 crore through a fresh equity issue. Mangal Electrical Industries, established in 2008, is a key player in manufacturing transformers and transformer components used in electricity distribution and transmission. Positioned in the growing power infrastructure sector, the Mangal Electrical IPO offers investors exposure to a reputed company with steady financial growth and strong market presence.
₹15
₹561
₹556.00
Expert Opinions
The Mangal Electrical IPO is receiving positive market sentiment, reflecting investor confidence in its established presence in the power infrastructure sector. The company’s strengths lie in its diversified customer base across power utilities, industrial conglomerates, and infrastructure developers, coupled with comprehensive backward and forward integration that ensures operational efficiency and quality control.
For Financial Year 2025, Mangal Electrical IPO reported strong financial metrics with a Return on Net Worth (RoNW) of 34.14%, Return on Capital Employed (ROCE) of 25.38%, and a robust Net Asset Value (NAV) of ₹79.10, indicating solid profitability and capital efficiency. Risks include cyclicality in the power sector, raw material price volatility, and competition. From a long-term investment perspective, Mangal Electrical presents an attractive opportunity in the growing power infrastructure market, supported by consistent growth, improving margins, and expansion plans, making it a suitable choice for investors with a growth-oriented horizon.
Investor Considerations
The Mangal Electrical IPO presents a company with solid performance and strong fundamentals in the power infrastructure segment. For FY 2025, the company reported a Price to Book Value of 7.09, a healthy PAT margin of 8.61%, and a moderate debt-to-equity ratio of 0.92, indicating balanced leverage. Mangal Electrical has demonstrated consistent revenue growth, reaching ₹551.39 crore with improved profitability driven by increased demand for transformers and related components.
The sector outlook is positive, supported by India’s growing power infrastructure needs and government initiatives to upgrade and expand electricity distribution. Growth prospects are promising, backed by capacity expansion projects funded partly by the IPO proceeds. Risks include sector cyclicality, raw material price volatility, and execution delays in expansion plans. The Mangal Electrical IPO suits long-term investors looking to benefit from India’s infrastructure growth, while short-term investors should weigh market volatility and industry-specific risks before investing.
| Date | GMP | Trend |
|---|---|---|
| 26 Aug 2025 12.12 | ₹15 | Down |
| 25 Aug 2025 15.43 | ₹20 | Up |
| 24 Aug 2025 11.54 | ₹15 | --- |
| 23 Aug 2025 18.37 | ₹15 | Down |
| 22 Aug 2025 10.55 | ₹30 | Down |
| 21 Aug 2025 11.13 | ₹35 | Up |
| 20 Aug 2025 11.16 | ₹25 | Up |
| 19 Aug 2025 19.46 | ₹22 | Up |
| 18 Aug 2025 10.55 | ₹00 | --- |
| 17 Aug 2025 12.32 | ₹00 | --- |
| 15 Aug 2025 11.37 | ₹00 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Mangal Electrical IPO’s listing performance. With a final GMP of ₹15, it projected a premium of 2.67% over the issue price of ₹561. The stock listed at ₹556, delivering a loss of 0.89%. This resulted in a prediction error of 3.56%, where the GMP incorrectly signaled a positive listing but the stock debuted negatively, reflecting weak reliability in this case.
Mangal Electrical IPO Current GMP is ₹15.
Mangal Electrical IPO Expected Returns is 2.67%.
Mangal Electrical IPO estimated listing price is ₹576.