Mangal Electrical Industries Ltd. has announced public offering of 7130125 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 551.00 per share. The gross proceeds of the issue are expected to be Rs 40,000.00 lakhs.

The company's initial public offer (IPO) will open on 20 August 2025 and is expected to close on 22 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 533.00-561.00 per share.

The IPO includes a fresh Issue of 7130125 Equity Shares of the Company at an price of Rs 561.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 26 shares with bids in multiples of 26.

Mangal Electrical Industries Ltd. anticipates using the proceeds of the issue for .

Systematix Corporate Services Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.