Mangal Electrical IPO Allotment Declared: Check Status & Listing Gains

The Mangal Electrical IPO allotment was finalized on Monday, August 25, 2025, following strong investor demand during its three-day subscription period. The IPO received overwhelming interest from retail, institutional, and non-institutional investors, reflecting confidence in the company’s growth prospects.

Mangal Electrical IPO IPO Subscription Overview

The Mangal Electrical IPO opened on August 20, 2025, and closed on August 22, 2025. By the end of the subscription period, the IPO was subscribed 9.95 times overall.

• Retail investors portion was subscribed 5.09 times

• Qualified Institutional Buyers (QIB) portion, excluding anchor investors, was subscribed 11.09 times

• Non-Institutional Investors (NII) portion saw the highest subscription at 19.78 times

The IPO, with an issue size of Rs 400 crore, was entirely a fresh issue comprising 0.71 crore shares.

How to Check Mangal Electrical IPO IPO Allotment Status

Investors can check their allotment status through official platforms: BSE website and Bigshare Services Pvt Ltd.

Steps to Check via BSE

1. Visit the BSE website.

2. Under “Issue Type”, select Equity.

3. From the dropdown, select Mangal Electrical Limited.

4. Enter your application number and PAN details.

5. Complete the captcha and click Search to view allotment status.

Steps to Check via Bigshare Services Pvt Ltd

1. Visit the Bigshare Services Pvt Ltd website.

2. Select Mangal Electrical Limited from the dropdown (active after allotment finalization).

3. Choose one of the three options: Application Number, Beneficiary ID, or PAN ID.

4. Enter the required details.

5. Complete captcha verification and click Search to view your status.

Expected Listing Gains

Market analysts indicate a grey market premium (GMP) of Rs 14 for Mangal Electrical IPO as of August 25, 2025, at 9:36 AM. With the price band set at Rs 561 per share, the estimated listing price is around Rs 575, suggesting a potential gain of approximately 2.5% per share for investors.

The shares are scheduled to list on both BSE and NSE on August 28, 2025, pending confirmation from the exchanges.

Investor Takeaways

• High Subscription Levels: The oversubscription across retail, QIB, and NII segments indicates strong investor confidence.

• First-Time Investment Opportunity: For some retail investors, this IPO may represent a first-time investment in the stock market.

• Short-Term Listing Gains: With a grey market premium of Rs 14, investors may expect modest short-term gains upon listing.

• Ease of Allotment Check: The availability of online platforms like BSE and Bigshare ensures quick access to allotment information.

Conclusion

The Mangal Electrical IPO has seen a robust response from investors, reflecting trust in the company’s fundamentals. With allotment now declared, investors can check their status online and anticipate potential listing gains when the shares hit the BSE and NSE on August 28, 2025. This IPO adds to India’s growing list of highly subscribed offerings, highlighting investor enthusiasm for promising mid-cap companies.