The stock listed at ₹556 on the NSE, a discount of 0.89%. On the BSE, it listed at ₹558, which is also at a discount of 0.53% as against the issue price.
Post listing, the transformer components manufacturer’s market capitalisation stood at ₹1,547.43 crore.
Ahead of its listing, shares of Mangal Electrical were quoting a premium of ₹-3 in the grey market, which indicated muted listing on debut.
The weak listing came despite the issue witnessing robust investor demand, recording a subscription of 9.95 times during its offer period from August 20 to 22 in the primary market.
The Qualified Institutional Buyer (QIB) portion was subscribed 11.09 times, Non-Institutional Investors (NIIs) 19.78 times, while the Retail category was subscribed 5.09 times.
The offer included a fresh issue of 71.3 lakh shares aggregating to ₹400 crore. The issue was priced at ₹561 per share.
Company overview
Mangal Electrical Industries is a processor of transformer components, transformer lamination, amorphous cores, coil assemblies and core assemblies, wound core, toroidal core, and oil-immersed circuit breakers.
The company’s customers include government discoms and private companies such as Ajmer Vidyut Vitran Nigam Ltd, Jaipur Vidyut Vitran Nigam Ltd, Voltamp Transformers Ltd and Western Electrotrans.
For the last three fiscals, 2025, 2024, and 2023, they exported transformer components to the Netherlands, United Arab Emirates, Oman, United States of America, Italy, and Nepal.
First Published: Aug 28, 2025 10:20 AM IST
