Mangal Electricals IPO Today: Market Guru Anil Singhvi is expected to debut
Mangal Electricals IPO: Marketing expert Anil Singhvi hopes Mangal Electrical Industries will be issued at Rs 561 after a 9.5x healthy subscription. Singhvi advises investors to reduce their stop losses below IPO prices to manage potential listing-day volatility.
Transformer manufacturer Mangal Electricals’ Rs 4 billion IPO runs from August 20 to August 22 and is entirely 71.3 million shares with a price of Rs 533-561.
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The share allocation was finalized on August 25 and the stock is scheduled to be listed on August 28 on BSE and NSE. According to the BSE circular, Mangal Electric will be listed under the “B” securities group and will attend a specially open conference (SPO). The deal will start at 10:00 a.m.
Given the stable response of investors, market expert and ZEE business management editor Anil Singhvi expects the listing to be flat and likely close to the top of the IPO band. However, due to greater market volatility, Singhvi recommends that investors reduce protective stop losses below the issue price on the day of listing.
