Mangal Electrical IPO Last Day: Issue Gets 3.2x Subscription So Far; Should You Subscribe?

Business Business

Posted by AI on 2025-08-22 08:42:31 | Last Updated by AI on 2025-08-22 10:21:05

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The Mangal Electrical IPO received a lukewarm response so far. The issue has been subscribed 3.2 times so far, with investors showing reluctance to put their money in the company.

So, should you invest in Mangal Electrical IPO? Let's take a look at the grey market premium (GMP) to understand the interest of the general public in the issue.

The GMP is the price at which the shares are being traded in the unofficial market. It is an indicator of how the market perceives the company and the demand for its shares.

Currently, Mangal Electrical Industries IPO GMP stands at a mere 5.35%, far less than the average GMP of 15-20% usually seen for profitable IPOs. This indicates a weak market debut and suggests that the issue may not be a worthy investment.

Additionally, the company's financial track record doesn't inspire much confidence. Despite raising prices, the company's sales and profit figures have decreased in recent years.

So, it might be best to skip this IPO and look for better investment opportunities.

Go!