New Delhi, Aug. 28 -- Mangal Electrical Industries IPO Listing: Mangal Electrical Industries shares made a muted debut on the bourses on Thursday, August 28, listing at Rs.556 on NSE, a discount of 0.89 per cent to its issue price of Rs.561. Meanwhile, on BSE, it listed at Rs.558, down half a percent from IPO price.

The Mangal Electrical Industries IPO received robust investor demand, closing with an overall subscription of 9.95 times. The issue saw 4.96 crore bids against 49.91 lakh shares on offer. Breaking down the subscription by investor categories, the retail quota was oversubscribed 5.09 times, the non-institutional investors (NIIs) segment drew a heavy response at 19.78 times, while the qualified institutional buyers (QIBs) porti...