https://www.taxtmi.com/news?id=53037 Mangal Electrical Industries Limited proposes an Initial Public Offering of 71,30,124 equity shares at a price band of 533-561 per share, with allocations: Qualified Institutional Buyers up to 50%, Non-Institutional Investors at least 15%, and Retail Individual Investors at least 35%. The anchor book closed with institutional participation. Net proceeds will be used to repay or prepay borrowings, fund capital expenditure for Unit IV expansion, support working capital, and for general corporate purposes; a Book Running Lead Manager and Registrar are appointed to administer the issue. en-us Wed, 20 Aug 2025 16:01:04 +0530 Wed, 20 Aug 2025 16:01:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53037 Mangal Electrical Industries Limited proposes an Initial Public Offering of 71,30,124 equity shares at a price band of 533-561 per share, with allocations: Qualified Institutional Buyers up to 50%, Non-Institutional Investors at least 15%, and Retail Individual Investors at least 35%. The anchor book closed with institutional participation. Net proceeds will be used to repay or prepay borrowings, fund capital expenditure for Unit IV expansion, support working capital, and for general corporate purposes; a Book Running Lead Manager and Registrar are appointed to administer the issue. News - Wed, 20 Aug 2025 16:01:04 +0530 https://www.taxtmi.com/news?id=53037