Mangal Electrical IPO
Mangal Electrical IPO
Mangal Electrical Industries Ltd., incorporated in 2008, is a specialist in processing transformer components and manufacturing transformers for the power infrastructure industry. The company's product portfolio includes transformer laminations, CRGO slit coils, amorphous cores, coil and core assemblies, and oil-immersed circuit breakers. It also trades in CRGO and CRNO coils and amorphous ribbons. Mangal Electrical offers EPC (Engineering, Procurement, and Construction) services for setting up electrical substations and markets its products under the brand name 'Mangal Electrical'.
Investment Timeline
🤖 Smart Analysis
*AI score is algorithmic and for educational purposes only.
🎯 Application Strategy
Action: ⛔ AVOID - Better opportunities available elsewhere
Lots: NOT RECOMMENDED
⏳ Timing Advice
✅ Apply by DAY 2-3 - Moderate demand, reasonable allotment probability
Key Factor Analysis
Issue Details
Object of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company.
- Capital expenditure including civil works of the Company for expanding the facility at Unit IV situated at Reengus Sikar District, Rajasthan.
- Funding working capital requirements of the Company.
- General corporate purposes.
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