Bengaluru, Aug. 20 -- IPO Structure & Timeline: Mangal Electrical Industries Ltd is launching its IPO via the book-building route to raise Rs.400 crore, entirely through a fresh issue of 71.30 lakh equity shares. The IPO opens on August 20, 2025, and closes on August 22, 2025. Basis of allotment is likely on August 25, 2025, with proposed listing on both NSE and BSE on August 28, 2025.

Price Band & Investment Details

The price band has been set at Rs.533-Rs.561 per share with a face value of Rs.10. The lot size is 26 shares, pegging the minimum retail application at Rs.13,858. Among non-institutional investors, the minimum bid is 14 lots (364 shares; Rs.2,04,204) for Small NII and 69 lots (1,794 shares; Rs.10,06,434) for Big NII. System...