Initial public offering of up to 71,30,124 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. 561/- per equity share, including a share premium of Rs. 551/- per equity share (the "Issue Price") aggregating up to Rs. 400.00 crores (the "Issue"). The issue shall constitute 25.81% of the post-issue paid-up equity share capital of the company.