Mangal Electrical Industries IPO
Offer Price | ₹ 533-561 |
Lot Size | 26 |
The Mangal Electrical Industries IPO subscription is closed for application
IPO Application Period
Mangal Electrical Industries IPO Details
Mangal Electrical Industries IPO is a book-built issue of ₹400 crores, The total issue size is ₹400 crores. The IPO of Mangal Electrical Industries is priced at ₹533-561 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 20 and ends on Aug 22. The allotment for Mangal Electrical Industries IPO will be finalized on Aug 25. Mangal Electrical Industries IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 28. The company shall list its equity shares on the BSE, NSE. Bigshare Services Private Limited is the registrar of the issue.
Retail investors can bid for a minimum of 26 shares, extendable to 14,586. S-HNIs will be able to bid for 364 shares at ₹2,04,204, while B-HNIs can also apply for a bid of 1,794 shares at ₹10,06,434. The book-running lead manager for the IPO is/are Systematix Corporate Services Limited.
The total issue ₹400 crore, comprising a fresh issue of 71,30,124 shares ₹400 crore and
The Mangal Electrical Industries IPO sets its price band at 533-561 for each share. A single application for Mangal Electrical Industries IPO must contain at least 26 shares. Sentiment investors need to invest a minimum of 26 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,586 In order to participate in the sNII, investors must purchase at least 14 lots of 364 shares for ₹2,04,204, while the bNII requires 69 lots of 1,794 shares for an investment of ₹10,06,434.
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