Mangal Electrical debuted weak on Thursday, listing at ₹556 on NSE, 0.9% below its ₹561 issue price, despite a 9.95x subscription. The ₹400 crore IPO saw strong demand from QIBs and NIIs. Proceeds will go toward debt repayment, expansion at its Rajasthan unit, and working capital. Shares last traded at ₹558.50 on the NSE.