Mangal Electrical Industries Ltd - IPO

Mangal Electrical Industries Ltd IPO Details

Initial public offering of up to 71,30,124 equity shares of face value of Rs. 10/- each (Equity Shares) of Mangal Electrical Industries Limited (the Company or the Issuer) for cash at a price of Rs. 561/- per equity share, including a share premium of Rs. 551/- per equity share (the Issue Price) aggregating up to Rs. 400.00 crores (the Issue). The issue shall constitute 25.81% of the post-issue paid-up equity share capital of the company.

Objective of issue

Repayment/prepayment in full or in part of certain outstanding borrowings availed by the company. Capital expenditure of the company for expanding the facility at unit IV situated. Funding working capital requirements of the copany. General corporate purposes.

Mangal Electrical Industries Ltd Contact Details

Mangal Electrical Industries Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@mangals.com

Website - https:, www.mangals.com