Description
Allocation of 21,39,020 equity shares to 10 anchor investors at Rs. 561 per share for Mangal Electrical Industries Limited IPO.
Summary
Mangal Electrical Industries Limited has finalized allocation of 21,39,020 equity shares to 10 anchor investors at Rs. 561 per share (including premium of Rs. 551) for its public issue. The allocation was decided by the IPO Committee on August 19, 2025, in consultation with Book Running Lead Manager Systematix Corporate Services Limited.
Key Points
- Total shares allocated: 21,39,020 equity shares
- Allocation price: Rs. 561 per share (face value Rs. 10 + premium Rs. 551)
- Number of anchor investors: 10
- Largest allocation: 6,77,352 shares (31.6%) to Abakkus Diversified Alpha Fund
- No domestic mutual funds applied for 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 anchor investor allocation price, anchor investors must pay the difference by the specified pay-in date in revised CAN.
Compliance Requirements
- Anchor investors must pay price differential if final offer price exceeds Rs. 561
- Payment due by pay-in date specified in revised CAN
- BSE to disclose allocation information publicly on website
Important Dates
- IPO Committee meeting: August 19, 2025
- Allocation finalization: August 19, 2025
Impact Assessment
The anchor investor allocation represents institutional confidence in the IPO. The diversified investor base includes both domestic and international funds, indicating broad market interest. The allocation will provide price discovery reference for the public issue portion and may influence retail investor participation.
Impact Justification
IPO anchor allocation affects market dynamics but limited to specific company listing