Mangal Electrical Industries Ltd.

MEIL

Equity

BSE,NSE

Min. Investment

5,33,000.00

Open a free Demat account and invest in IPOs easily.

Download Orca

Google PlayApp Store

To access realtime data for GP Eco Solutions India Ltd. and use advance features for Applying IPO. Register or Login to Orca.

IPO Details

Bidding Dates

20 Aug 25 - 22 Aug 25

Price Range ₹

533 - 561

Total Equity

294.71Cr

Lot Size

26

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

4.84×

Qualified Institutional Buyers

10.54×

Employees

0.00×

Retail Investors

4.84×

Total subscription Rate

9.46×

IPO Timeline

Offer start

20 Aug 2025

Offer end

22 Aug 2025

Allotment

25 Aug 2025

Refund initiation

26 Aug 2025

Demat transfer

26 Aug 2025

Listing

28 Aug 2025

About Company

Incorporated in 2008, Mangal Electrical Industries Limited is a prominent manufacturer of transformers and transformer components used in electricity distribution and transmission within the power sector. The company’s product range includes CRGO wide and slit coils, amorphous cores, coil and core assemblies, wound cores, toroidal cores, and oil-immersed circuit breakers. Operating under the well-recognized brand name “Mangal Electrical”, the company has built strong brand recall and credibility in the market. In addition to manufacturing, it trades in CRGO and CRNO coils, amorphous ribbons, and produces transformers ranging from 5 KVA to 10 MVA. It also offers EPC services for setting up electrical substations in the power infrastructure sector. The company runs five production facilities in Rajasthan, with significant annual capacities—16,200 MT for CRGO processing, 10,22,500 KVA for transformers, 75,000 units for ICB, and 2,400 MT for amorphous units. Its CRGO products are known for high magnetic permeability and low core loss, enhancing transformer efficiency and minimizing energy loss. As of June 30, 2025, Mangal Electrical employed 761 permanent staff across its offices and units.

Year Founded

01-04-2008

Promotor Details

Rahul Mangal

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage1000
Share Capital205000000

Offer to Public

52,53,301.00 Cr

Highlights

  • Wide range of transformer components and related products catering to multiple segments of the power sector.
  • “Mangal Electrical” enjoys high recall value in the transformer manufacturing industry.
  • Backward and forward integration ensures quality control and cost efficiency.
  • Significant revenue (+22%) and PAT (+126%) growth in FY 2025.
  • IPO proceeds allocated for expanding production facilities, boosting future scalability.

Challenges

  • Debt-to-equity ratio of 0.92 indicates noticeable leverage, though IPO aims to reduce it.
  • Dependent on infrastructure and power sector investment cycles, which can be volatile.
  • All plants located in Rajasthan, creating geographic concentration risk.
  • Faces strong competition from established domestic and international transformer manufacturers.
  • Margins can be impacted by fluctuations in CRGO steel and copper prices.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
202321,973.131,450.002,94,45,606.002,94,45,606.002.0307
202536,474.442,050.002,79,29,386.002,79,29,386.001.9262
202118,538.681,450.002,473.812,473.8117.0608
202424,426.181,450.005,43,88,490.005,43,88,490.003.7509
202218,697.091,450.00607.34607.344.1886
Enrich money logo