The Mangal Electrical Industries IPO opened for subscription on August 20, 2025, and has already started attracting significant attention from investors. The IPO is being closely tracked in both the primary market and the grey market, where the Grey Market Premium (GMP) is seen as an indicator of potential listing gains
IPO Details at a Glance
- Company Mangal Electrical Industries Ltd
- IPO Type: Mainboard
- Size: ₹400 crore (entirely fresh issue)
- Price Band: ₹533 – ₹561 per share
- Lot Size: 26 shares
- Issue Opens: August 20, 2025
- Issue Closes: August 22, 2025
- Tentative Listing Date: August 28, 2025
Grey Market Premium (GMP) Update
As of today, reports from multiple market trackers show that the Mangal Electrical IPO GMP is trading between ₹25 – ₹27.
- At the upper price band (₹561): GMP suggests a listing price of around ₹586 – ₹588.
- Estimated Listing Gain: About 4% to 5%.
Subscription Status
On the first day of bidding, the IPO was subscribed around 2 times overall, with stronger demand from retail and non-institutional investors. Institutional participation is also expected to pick up pace on the last day of the issue
Company Overview
Mangal Electrical Industries is a leading manufacturer of electrical transformers, power distribution equipment, and EPC solutions. With a robust order book and strong presence in both government and private sector projects, the company is expected to benefit from India’s growing power infrastructure push
Strengths include:
Market experts suggest that the IPO offers stable but modest listing gains, based on the current GMP trend. Investors looking for long-term growth in the power and infrastructure sector may consider applying, as the company is expected to benefit from increased government spending on electrification and grid modernization
Strengths include:
Diversified product portfolio (transformers, EPC projects, power solutions).
Healthy order pipeline from state electricity boards and private utilities
Expanding manufacturing capacity to meet rising demand
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Should You Subscribe?
Market experts suggest that the IPO offers stable but modest listing gains, based on the current GMP trend. Investors looking for long-term growth in the power and infrastructure sector may consider applying, as the company is expected to benefit from increased government spending on electrification and grid modernization
Key Takeaways
- Mangal Electrical IPO GMP Today: ₹25–₹27 (≈ 4–5% premium).
- Subscription Response: Healthy, especially among retail investors
- Listing Expectation: Slight premium over issue price
- Investment View: Attractive for long-term portfolio, modest for listing gains
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