Mangal Electrical Industries has introduced its initial public offering. The IPO aims to raise Rs 400 crore. It opened on Wednesday and will close on Friday. The company manufactures transformer components. The IPO proceeds will be used for debt repayment and expansion. Canara Bank Securities suggests subscribing to the IPO. Listing on NSE and BSE is expected on August 28.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets