Mangal Electrical Industries Ltd
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compliance@mangals.com Website:https://www.mangals.com
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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.
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Mangal Electrical Industries Ltd
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Rs Cr |
Lead Managers to the Issue |
375.97 |
Systematix Corporate Services Ltd |
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400.00 |
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27.63 |
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Rs.
561.00
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Projects |
Repayment/prepayment in full or in part of certain outstanding borrowings availed by the company
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Capital expenditure of the company for expanding the facility at unit IV situated
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Funding working capital requirements of the copany
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General corporate purposes
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Rahul Mangal |
Ashish Mangal |
Saroj Mangal |
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