Mangal Electrical IPO allotment today: Steps to check allotment status, direct links, latest GMP

How to check Mangal Electrical IPO allotment status?

Mangal Electrical IPO share allotments will likely be finalized by today, August 25. The Rs 400-crore IPO saw decent investor interest during its three days of public bidding.

The maiden public issue of the transformer components-maker was subscribed nearly 9.5 times at a price band of Rs 533-561 per share. Mangal Electrical had launched its IPO to raise Rs 400 crore through an entirely fresh issue of shares at a price band of Rs 533-561 per share. The shares are likely to debut on stock markets on August 28.

Mangal Electrical IPO GMP:

Ahead of listing, the unlisted shares of the company were trading with a grey market premium (GMP) of 3.39 percent over the IPO price at Rs 580 apiece, according to data on Investorgain. This is lower than the 6 percent GMP quoted by the site last week.

According to IPO Watch, the unlisted shares of the company were trading with a grey market premium (GMP) of 2.67 percent over the IPO price.

IPO applicants can check their Mangal Electrical IPO allotment status on the official website of the registrar, Bigshare Services. The status will also be available on the websites of stock exchanges BSE and NSE.

Mangal Electrical IPO: How to check allotment status on Bigshare Services?

• Step 1: Click on the direct link to the registrar. (https://ipo1.bigshareonline.com/IPO_Status.html).
• Step 2: Select the company 'Mangal Electrical' from the dropdown menu.
• Step 3: Fill in details like PAN, Application number or DP client ID.
• Step 4: Press the 'Search' button.
• Step 5: The allotment status will be shown in the window.

• Step 1: Open the website of NSE by clicking on this direct link (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
• Step 2: Select the company ' Mangal Electrical' by selecting Equity & SME IPO bid details.
• Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
• Step 4: Press the 'Submit' button
• Step 5: The allotment status will be shown in the window.

• Step 1: Open the website of Bombay Stock Exchange (BSE).
• Step 2: Click on 'Investors' option.
• Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
• Step 4: Click on 'Application Status Check'.
• Step 5: Select Equity in the issue type.
• Step 6: Fill in the required details including the 'Issue Name'.
• Step 7: Enter PAN number and click on ‘Search’ to view the status.

A day before the IPO opened for public bidding, the Rajasthan-based company raised Rs 120 crore from 10 anchor investors. Notable investor Sunil Singhania's Abakkus Diversified Alpha Fund was the largest institutional investor that participated the anchor book, acquiring 6.77 lakh shares worth Rs 38 crore of Mangal Electrical.

Lighthouse Canton-owned LC Pharos Multi Strategy Fund, Societe Generale, Finavenue Capital Trust, Swyom India Alpha Fund, Sundaram Alternative Investment Trust, Imap India Capital Investment Trust, and Aarth AIF Growth Fund were other anchor investors in the company.

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