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BTCC / BTCC Square / Global Cryptocurrency /
Mangal Electrical Industries IPO Oversubscribed 2.92x on Final Day

Mangal Electrical Industries IPO Oversubscribed 2.92x on Final Day

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-08-22 09:46:02
0
BTCCSquare news:

Mangal Electrical Industries Limited's IPO closed with strong demand, oversubscribed 2.92 times as bidding concluded Thursday. Retail investors led the charge, subscribing 2.90 times their allotted quota, while non-institutional buyers surged to 6.68 times oversubscription.

Qualified institutional participation remained muted at just 0.14x coverage. The ₹533-561 per share price band attracted bids for 1.53 crore shares against the 52.53 lakh share offering, signaling robust market appetite for the electrical equipment manufacturer's market debut.

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