Mangal Electrical IPO Day 1: GMP, Subscription Status, Price Band, and Review – Should You Apply?
Mangal Electrical IPO Day 1 opens at ₹533–₹561 price band; GMP at ₹21 indicates 4% listing gain. Check subscription status, allotment date, and analysts’ review – should you apply?
Mangal Electrical IPO opens August 20, 2025: Price band, GMP, subscription status, and expert review.
Shares of Mangal Electrical Industries Ltd made their debut in the primary market on Wednesday, August 20, 2025. The issue will remain open for subscription until August 22, 2025.
Mangal Electrical IPO Key Highlights
- IPO Date: Opens August 20, 2025 | Closes August 22, 2025
- Price Band: ₹533 – ₹561 per share
- IPO Size: ₹400 crore (fresh issue of equity shares)
- Lot Size: 26 shares per lot
- Registrar: Bigshare Services Pvt. Ltd.
- Lead Manager: Systematix Corporate Services
- Allotment Date (Tentative): August 25, 2025
- Listing Date (Tentative): August 28, 2025
- Exchanges: NSE and BSE
Grey Market Premium (GMP)
According to market observers, Mangal Electrical shares are trading at a ₹21 premium in the grey market today. This indicates a possible listing gain of nearly 4% over the IPO’s upper price band of ₹561.
Subscription Status
Bidding for the IPO opened at 10:00 AM today. Investors can subscribe between 10:00 AM and 5:00 PM during the issue period (Aug 20–22). Full subscription figures will be available at market close.
Brokerages’ Take – Apply or Not?
Anand Rathi has given the IPO a “Subscribe – Long Term” rating. At the upper price band, the IPO is valued at 32.8x FY25 P/E, with a post-issue market cap of around ₹1,550 crore. Analysts highlight India’s growing substation capacity and rising demand for transformers, which support Mangal Electrical’s growth prospects.
Ventura Securities has recommended a “Buy” tag, noting that while the company faces some capacity underutilisation, it is working on efficiency improvements and geographical expansion. Its focus on quality, technology, and renewable energy demand makes it attractive for long-term investors.
Should You Apply?
Analysts believe the IPO is fairly priced but backed by strong fundamentals and industry demand. With India’s power infrastructure expansion and renewable energy push, Mangal Electrical is positioned for steady growth. Investors with a long-term horizon may consider applying.
