Mangal Electrical IPO Day 1 Live: Issue Open Today; GMP indicates 5% signals pop. Should you apply or not?

Mangal Electrical IPO Day 1 Live: Mangal Electrical IPO Price Band is at £ 533 to £ 561 per share share. The subscription date is from August 20 to August 22. Mangal Electrical IPO consists of a completely new £ 400 crore problem. Mangal Electrical IPO Day 1 Live: Mangal Electrical IPO Price Band is at £ 533 to £ 561 per share share. The subscription date is from August 20 to August 22 (Company website) Mangal Electrical IPO Day 1 Live: The Initial Public Offer (IPO) for Mangal Electrical Industries, a transformer components manufacturer, will be available from August 20 to August 22. Mangal Electrical IPO consists entirely of a new share issue worth £ 400 crore. The funds raised from this new edition will be used to settle debt, improve the company’s facility in Rajasthan, and cover the working capital needs for different general corporate purposes. Mangal electrical industries specialize in the processing of transformer components, including transformer lamination, amorphous core, coil assemblies, core compositions, wound grains, toroidal core and oil-dumped circuit breakers. The company’s customers include government electricity distribution companies as well as private firms such as Ajmer Vidyut Vitran Nigam Ltd, Jaipur Vidyut Vitran Nigam Ltd, Voltamp Transformers Ltd and Western Electrans. It also exported its transformer components to countries, including the Netherlands, the United Arab Emirates, Oman, USA, Italy and Nepal. Systematix Corporate Services serves as the only general manager of the bookkeeper, while Bigshare Services serves as the Registrar for this issue. (Stay tuned for more updates) 20 Aug 2025, 09:32:24 AM IST Mangal Electrical IPO Day 1 Live: Key IPO details in a glance size (value in £ million, Upper Band): £ 4,000.0 Fresh edition (No. Shares in Lakhs): 71.3 22-Aug-2025 Face Value: £ 10 Price Band: £ 533- £ 561 Minimum Lot Size: 26 Shares 20 Aug 2025, 09:26:38 AM IST Mangal Electrical IPO Day 1 Live: Company Increase £ 120 Crore from Anchor Investors in front of IPO Mangal Electrical IPO Day 1 Live: Mangal Tuesday anchor investors, just a day before the initial opening of public subscription sales. The Institutional Investors who participated in the Anchor Rounds have Abakkus Diversified Alpha Funds, LC Pharos Multi Strategy Fund VCC, Societe Generale, Finavenue Capital Trust, Swyom India Alpha Fund, Sundaram Alternative Investment Trust, Imap India Capital Investment Trust, Sunrise Investment Trust and AARH AIF Growth Fund included, according to a circular loaded on the BSE website. According to the circular, the company has allocated 21,39 Lakh shares to these institutional investors at £ 561 by piece, taking the total fundraiser to £ 120 crore. 20 Aug 2025, 09:17:15 AM IST Mangal Electrical IPO Day 1 LIVE: Here’s what GMP on the first Bie Day Mangal Electrical IPO GMP today is +25. This indicates mango -electrical share price at a £ 25 premium in the Gray market, according to Investorgain.com. Considering the top of the IPO price band and the current premium in the gray market, the estimated listing price of Mangal Electrical share price is indicated at £ 586, which is 4.46% higher than the £ 561 IPO price. Disclaimer: The views and recommendations given in this article are those of individual analysts. This does not represent the views of coin. We advise investors to check with certified experts before making investment decisions.