Mangal Electrical Industries IPO Review | Apply or Skip? | Upstox

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📌 Mangal Electrical Industries IPO is open! ₹400 Cr fresh issue with a price band of ₹533–561 per share. Subscription window: Aug 20–22, allotment on Aug 25, and listing on Aug 28. Retail investors can apply with a minimum of 26 shares (~₹14,586). FY25 profits doubled to ₹47 Cr on revenues of ₹551 Cr, with strong ROE of ~34%. Grey Market Premium signals ~4% listing gains. Will this IPO power your portfolio?

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