On the closing day, it was subscribed 9.46 times, with bids for 4.97 crore shares against 52.53 lakh shares available. The QIB (Qualified Institutional Buyers) category was subscribed 10.54 times, the retail portion 4.84 times, and the NII (Non-Institutional Investors) segment a strong 18.79 times. The IPO had a price band of ₹533–₹561 per share.
How to check IPO allotment status1. Visit the BSE allotment page at
https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
2. Select ‘Equity’ under issue type.
3. Choose ‘Mangal Electrical Industries’ from the dropdown.
4. Enter your Application Number or PAN.
5. Click ‘Search’ to view allotment details.
On Bigshare Services:1. Go to Bigshare Services Allotment Page at https://www.bigshareonline.com/ipo_allotment.html
2. Select one of the available links.
3. Choose ‘Mangal Electrical Industries’ from the dropdown.
4. Enter your PAN, Application Number, or DP/Client ID.
On NSE:
Investors can also check their allotment status on the NSE website using their PAN and application number.
Refunds and share credits to demat accounts will begin on August 27, and the stock is expected to debut on the exchanges on August 28.
About the company
Mangal Electrical Industries manufactures and processes a wide range of transformer components, including transformer lamination, amorphous cores, coil assemblies, wound and toroidal cores, and oil-immersed circuit breakers. Its client base includes government discoms such as Ajmer Vidyut Vitran Nigam Ltd and Jaipur Vidyut Vitran Nigam Ltd, as well as private companies like Voltamp Transformers Ltd and Western Electrotrans.
Over the past three financial years (2023–2025), the company has also exported transformer components to markets such as the Netherlands, UAE, Oman, USA, Italy, and Nepal.
