Mumbai, Aug. 28 -- The scrip was listed at Rs 558, a discount of 0.53% to the issue price.
So far, the stock has hit a high of Rs 565 and a low of Rs 547. On the BSE, over 2.28 lakh shares of the company were traded in the counter so far.
The initial public offer of Mangal Electrical Industries was subscribed 9.46 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 capital expenditure, including civil works of Unit IV expansion at Reengus (Sikar District, Rajasthan...