Mangal Electricals IPO listing today: Market guru Anil Singhvi expects flat-to-positive debut

Mangal Electricals IPO: Market expert Anil Singhvi expects Mangal Electrical Industries to list around its issue price of Rs 561, following a healthy subscription of 9.5 times. Singhvi has advised investors to place a stop-loss just below the IPO price to manage potential listing-day volatility.

Mangal Electrical IPO: Solid Demand Across Investor Segments

The Rs 400 crore IPO of Mangal Electricals, a transformer manufacturer, ran from August 20 to August 22 and was entirely a fresh issue of 71.30 lakh shares, priced in the Rs 533–561 range.

The issue saw solid traction across categories:

Retail Investors: 4.84 times

Non-Institutional Investors (NII): 18.79 times

Qualified Institutional Buyers (QIBs): 10.54 times

Debut on BSE and NSE Today

The share allotment was finalised on August 25, and the stock is set to list today, August 28, on both BSE and NSE. As per a BSE circular, Mangal Electricals will be listed under the ‘B’ Group of Securities and will participate in the Special Pre-Open Session (SPOS). Trading will begin at 10:00 AM.

Anil Singhvi Listing Outlook: Near Issue Price, Say Experts

Market expert and Zee Business Manging Editor Anil Singhvi expects the listing to be flat to mildly positive, likely near the upper end of the IPO band, given the steady investor response and sector relevance. However, with broader market volatility still a concern, Singhvi recommends that listing-day investors set protective stop-losses just below the issue price.