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. 400.00 crores (The "Issue"). The issue shall constitute [*]% of the post-issue paid-up equity share capital of the company.
Price Band:Rs. 533 to Rs.561 per equity share of the face value of Rs.10 each.
The floor price is 53.3 times of the face value the cap price is 56.1 times of the face value.
Bids can be made for a minimum of 26 equity shares and in multiples of 26 equity shares thereafter.