Mangal Electrical Industries IPO Soars: 2.92x Oversubscribed on Final Day

Retail investors pile into electrical giant's public offering—because nothing says 'stable returns' like betting on hardware during a digital revolution.

The Numbers Don't Lie

Mangal Electrical Industries just closed its IPO book with a whopping 2.92 times oversubscription. That's nearly three times the shares available—turns out old-school manufacturing still pulls weight when the market gets jittery about yet another crypto 'correction'.

Why It Matters

While decentralized finance promises to upend traditional markets, real-world companies like Mangal keep drawing capital the analog way: through actual revenue projections and regulatory filings. No white paper required, no tokenomics gymnastics—just plain old circuits and cash flow.

Bottom Line: Sometimes the most electrifying plays aren't on the blockchain—they're in the breaker box.