Regulatory15 May 2026, 02:37 pm
Mangal Electrical: No Deviation in IPO Proceeds Use
AI Summary
Mangal Electrical Industries Ltd reports no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) for the quarter ended March 31, 2026. The company's equity shares are listed on BSE and NSE since August 28, 2025. The IPO raised ₹40,000 Lakhs (Fresh Issue) on August 25, 2025. CARE Ratings Limited is the monitoring agency.
Key Highlights
- Mangal Electrical confirms no deviation in IPO proceeds utilization for Q4 FY26.
- The IPO raised ₹40,000 Lakhs on August 25, 2025.
- CARE Ratings Limited is monitoring the use of IPO proceeds.
- Equity shares listed on BSE and NSE since August 28, 2025.
Price Impact
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