Description

Mangal Electrical Industries Limited announces allocation of 21,39,020 equity shares to 10 anchor investors at Rs. 561 per share.

Summary

Mangal Electrical Industries Limited (formerly Mangal Electrical Industries Private Limited) has finalized the allocation of equity shares to anchor investors for its public issue. The IPO Committee, in consultation with Systematix Corporate Services Limited (Book Running Lead Manager), allocated 21,39,020 equity shares at Rs. 561.00 per share (including share premium of Rs. 551.00) to 10 anchor investors on August 19, 2025.

Key Points

  • Total shares allocated to anchor investors: 21,39,020 equity shares
  • Allocation price: Rs. 561.00 per equity share (face value Rs. 10 + premium Rs. 551)
  • 10 anchor investors participated in the allocation
  • Largest allocation: 6,77,352 shares (31.6%) to Abakkus Diversified Alpha Fund
  • No domestic mutual funds applied for the anchor investor portion
  • Company CIN: U31909N2008PLC026255

Regulatory Changes

As per SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018, if the offer price discovered through book building is higher than the anchor investor allocation price, anchor investors must pay the difference by the specified pay-in date in the revised CAN.

Compliance Requirements

  • Anchor investors must pay price difference if final offer price exceeds Rs. 561.00
  • Payment to be made by pay-in date as specified in revised CAN
  • Information to be disclosed publicly on BSE website

Important Dates

  • IPO Committee meeting date: August 19, 2025
  • Allocation finalization date: August 19, 2025

Impact Assessment

The anchor investor allocation represents a standard pre-IPO procedure that provides price discovery and institutional validation for the public issue. The participation of 10 institutional investors including foreign funds and AIFs indicates market confidence in the company’s prospects. The allocation at Rs. 561 per share will serve as a reference point for retail and institutional investors in the main IPO.

Impact Justification

IPO anchor allocation announcement - standard market procedure with moderate market relevance