Mangal Electrical Industries IPO Date, Review, Price and Key Informations

Mangal Electrical Industries IPO is fully book build issue and total IPO size is ₹45.00 crores. The entire share offering is a fresh issue worth ₹450 crores.

The dates for the Mangal Electrical Industries IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Mangal Electrical Industries IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Mangal Electrical Industries IPO has not been announced yet.

Registrar for this IPO is Bigshare Services Private Limited and lead managers for Mangal Electrical Industries IPO are Systematix Corporate Services Limited.

IPO Schedule

IPO Open Date	-
IPO Close Date	-
IPO Allotment Date	-
Refund Initiation	-
Share credit in Demat	-
Listing Date	-

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹10 Per Equity Share
Total Issue Size	₹450.00 Crores
Fresh Issue	₹450.00 Crores
Issue Type	Fresh Issue
Listing At	BSE & NSE

Share Reservation

Investor Category	Shares Offered
QIB	50%
Retail	35%
NII/HNI	15%

About Mangal Electrical Industries Limited Company

Mangal Electrical Industries Limited is a prominent manufacturer of transformer components, including transformer lamination, CRGO slit coils, amorphous cores, and oil-immersed circuit breakers. The company also manufactures transformers ranging from single-phase 5 KVA to three-phase 10 MVA units, providing EPC services for electrical sub-stations. With five production facilities in Rajasthan, the company has an aggregate production capacity of 16,200 MT for CRGO, 750,000 KVA for transformers, 75,000 units for ICB, and 2,400 MT for Amorphous units per annum.

The company's financials demonstrate strong performance, with a revenue from operations of ₹449.48 crore in Fiscal 2024. EBITDA stood at ₹42.62 crore, with an EBITDA margin of 9.48%. Net Profit after Tax (PAT) reached ₹20.94 crore. Mangal Electrical prides itself on adherence to stringent quality standards. Key clients include Ajmer Vidyut Vitran Nigam Limited, Jaipur Vidyut Vitran Nigam Limited, and Voltamp Transformers Limited, exporting components to countries like the Netherlands and the UAE.

As of November 30, 2024, the company's order book stood at ₹97.87 crore. Mangal Electrical is committed to expanding its Unit IV facility and continues to focus on cost efficiency and technological advancements to maintain its competitive edge.

Mangal Electrical Industries Limited Financial Details

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,070.67	2,465.42	2,212.61	2,415.15
Revenue	2,481.86	4,521.32	3,578.12	2,595.45
Profit After Tax	195.76	210.16	247.56	93.37
Net Worth	134.56	114.99	93.97	69.22
Reserves and Surplus	1,140.64	944.88	734.72	487.16
Total Borrowing	110.79	92.12	96.64	119.03

₹ In Crore

Key Performance Indicator

Basic EPS (in ₹)	Return on Net Worth (RoNW)	Net Asset Value (NAV)	Debt-Equity Ratio	Return on Equity (ROE)	Return on Capital Employed (ROCE)
10.22	20.05%	56.09	0.80		19.92%

Offer Objectives

The offer objects primarily involve utilizing the net proceeds from the fresh issue for several key purposes. These include:

1. Repayment/Prepayment of Borrowings: An aggregate amount of ₹96.0276 crore is intended for repaying or prepaying outstanding company borrowings, which constitutes approximately 45.94% of total borrowings as of November 15, 2024. This strategy aims to reduce indebtedness, lower debt servicing costs, and allow for reinvestment in business growth.

2. Capital Expenditure for Facility Expansion: ₹12 crore is allocated for capital expenditure to expand the facility at Unit IV in Reengus, Sikar District, Rajasthan. This also includes civil works at the existing head office in Jaipur to optimize space and increase storage capacity.

3. Funding Working Capital: ₹12.2 crore is designated for funding the company's working capital requirements, ensuring smooth operational flow.

4. General Corporate Purposes: The remaining funds will be used for general corporate purposes, with the caveat that such utilization will not exceed 25% of the gross proceeds.

The company may also consider a Pre-IPO Placement of specified securities, aggregating up to ₹9 crore. If this placement is completed, the raised amount will be reduced from the general corporate purposes portion of the Fresh Issue. The deployment of these funds is scheduled across financial years 2025, 2026 and 2027.