Jaipur-based Mangal Electrical Industries files DRHP of Rs 450 crore for IPO

Mangal Electrical Industries has filed its draft red herring prospectus with SEBI to raise Rs 450 crore through an IPO. The IPO, with a face value of Rs 10 per share, is a fresh issue of shares totalling Rs 450 crore and includes no offer-for-sale component.