With the highly anticipated initial public offering (IPO) of Mangal Electrical Industries reaching its allotment phase, investors are eager to find out whether they have been allotted shares. Scheduled for August 25, 2025, the allotment announcement marks a key milestone after a strong subscription period where the issue was oversubscribed nearly 10 times. Here’s a detailed newsletter covering all you need to know about the Mangal Electrical IPO allotment, the latest Grey Market Premium (GMP), and step-by-step guidance on checking your share allotment status online.
Strong Subscription Reflects Robust Market Interest
Mangal Electrical’s IPO invited bids between August 20 and 22, 2025. By the final day of bidding, it received applications for over 4.96 crore shares against the 49.91 lakh equity shares on offer. This resulted in an overall subscription rate of approximately 9.95 times, with notable segment-wise oversubscription levels:
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Qualified Institutional Buyers (QIB) oversubscribed 11.09 times
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Non-Institutional Investors (NII) soared at 19.78 times
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Retail Individual Investors (RII) subscribed 5.09 times
Currently, the GMP, which indicates unofficial pricing in the secondary market before listing, hovers near ₹588 per share—a premium of about ₹27 above the upper end of the IPO price band at ₹561. While this suggests a positive market sentiment, investors are encouraged to rely on official allotment data for making decisions.
How To Check Your Mangal Electrical IPO Allotment Online
The IPO allotment status will be made available on August 25 across various official channels. Follow these steps to check if you have been allotted shares:
Visit the Registrar’s Website (Bigshare Services Pvt. Ltd.)
Go to the official Bigshare IPO allotment page. Select “Mangal Electrical Industries Ltd” from the dropdown menu and enter your PAN card number and application number or Demat ID to view your allotment status.
Check On BSE’s Website
Visit BSE’s IPO allotment status portal. Under issue type, select “Equity” and choose “Mangal Electrical Industries Ltd.” Enter your PAN and application number, then click on “Search” to check your allotment.
Check On NSE’s Website
Navigate to NSE’s IPO allotment status webpage. Select “Equity” as the issue type, pick “Mangal Electrical Industries Ltd,” and enter the required details to see your allotment.
What To Expect After Allotment
If allotted, shares will typically be credited to your Demat account within 1-2 working days following the allotment. Those not allotted will receive refunds in their linked bank accounts within 7 working days from the allotment date.
Mangal Electrical IPO Overview
Mangal Electrical Industries Limited manufactures transformers and related components, including CRGO slit coils, laminations, amorphous cores, coil assemblies, and oil-immersed circuit breakers. Their products cater primarily to the power sector’s electricity transmission and distribution needs, with a manufacturing base in Rajasthan.
IPO Details
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Issue size: ₹400 crore (fresh issue)
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Price band: ₹533 to ₹561 per share
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Lot size: 26 shares
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Listing date: August 28, 2025 on BSE and NSE
Why This IPO Matters
Given the company’s focused expertise in transformer manufacturing and a robust order book, market watchers are optimistic about Mangal Electrical’s growth prospects. The strong subscription numbers and positive GMP show investor confidence in this industrial niche ahead of formal listing.
Concluding Thoughts
As the Mangal Electrical IPO allotment date arrives, it’s important for investors to promptly and accurately check their status through official portals. Positive GMP trends coupled with a highly oversubscribed issue make it a noteworthy listing to watch in 2025.
With shares set to list soon, investors can expect active market interest. However, always approach grey market indications cautiously and base investment decisions on verified information.
Sources: Economic Times, Moneycontrol, BSE India, NSE India, Bigshare Services Pvt. Ltd.
