Mumbai, Aug. 25 -- The initial public offer of Mangal Electrical Industries received bids for 4,96,74,638 shares as against 52,53,301 shares on offer. The issue was subscribed 9.46 times.
The Non-Institutional Investors (NIIs) category was subscribed 18.79 times. The Qualified Institutional Buyers (QIBs) category was subscribed 10.54 times. The Retail Individual Investors (RIIs) category was subscribed 4.84 times.
The issue opened for bidding on 20 August 2025 and it closed on 22 August 2025. The price band of the IPO is fixed between Rs 533 and 561 per share.
The IPO comprised entirely of a fresh issue of equity shares, aggregating to Rs 400 crore.
Of the net proceeds from the fresh issue, about Rs 87.8563 crore was used to meet capi...
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