New Delhi, Aug. 19 -- Mangal Electrical Industries has raised Rs.120 crore from anchor investors ahead of its initial public offering (IPO). The company informed the exchanges today that it allocated 21,39,020 equity shares at Rs.561 per share on Tuesday, August 19, 2025, to anchor investors.

Some of the marquee institutions that participated in the anchor book include Abakkus Diversified Alpha Fund, LC Pharos Multi Strategy Fund VCC, Societe Generale, Finavenue Capital Trust, Swyom India Alpha Fund, Sundaram Alternative Investment Trust, Imap India Capital Investment Trust, Sunrise Investment Trust, Aarth AIF Growth Fund, and Steptrade Revolution Fund.

Systematix Corporate Services Limited is the sole book-running lead manager, while B...