Mangal Electrical Industries Ltd - IPO

Mangal Electrical Industries Ltd IPO Details

Initial public offering of up to [*] 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. [*] per equity share, including a share premium of Rs. [*] per equity share (The Issue Price) aggregating up to Rs. 450.00 crores (The Issue). The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company.The company in consultation with the book running lead managers, may consider a further issue of specified securities (As Defined Hereinafter), including through private placement, preferential allotment, rights issue or any other method as may be permitted under applicable law to any person(s) of such equity shares for an amount aggregating up to Rs. 90.00 crores, at its discretion, prior to the filing of the red herring prospectus with the roc (Pre-IPO Placement). If the pre-ipo placement is undertaken, the fresh issue size will be reduced to the extent of such pre-ipo placement, subject to the issue complying with Rule 19(2)(b) of the scrr.The price band and the minimum bid lot size will be decided by 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 56-2, 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