New Delhi, Aug. 20 -- Mangal Electrical Industries Limited's initial public offering (IPO) has hit the Indian primary market today and will remain open until 22 August 2025. The transformer maker company has declared the Mangal Electrical IPO price band at Rs.533 to Rs.561 per equity share. The public issue is proposed for listing on the NSE and the BSE. The mainboard IPO aims to raise Rs.400 crore by issuing fresh shares.

Meanwhile, Mangal Electrical shares are available in the grey market. According to market observers, the company's shares are trading at a premium of Rs.21 in today's grey market. This means Mangal Electrical IPO GMP today is Rs.21, which signals a listing gain of around 4% against its upper price band.

Bidding for th...