Mangal Electrical IPO Day 3 Live: Issue booked 1.98x so far. Check GMP, subscription status, review. Apply or not?
The initial public offering of Mangal Electrical Industries Ltd, a manufacturer of transformer components, was subscribed 1.98 times by the second day of bidding on Thursday.
The non-institutional investors’ category saw a subscription rate of 4.20 times, while the allocation for Retail Individual Investors (RIIs) was subscribed 2.08 times. The portion reserved for Qualified Institutional Buyers (QIBs) only received a 13 percent subscription.
