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02 Aug, 2025
Parth Electricals & Engineering Limited IPO
Parth Electricals & Engineering Limited IPO is a book-built issue with an offer of around ₹49.72 crores by way of a fresh issue of 29.25 lakh equity shares. The price range is placed at ₹160 to ₹170 per share. The IPO is to be subscribed publicly between 4th August, 2025 to 6th August, 2025. The retail investors will be required to apply for a minimum lot of 1,600 shares, which will be the equivalent of ₹2,56,000 at the higher price band. Allotment will be completed on 7th August, 2025 with the shares likely to be listed on the NSE SME platform on 11th August, 2025.
Company Background
Parth Electricals was established in 2005 as a proprietorship firm in the state of Gujarat. The company transitioned to a private limited firm in 2007 and has now established an efficient team of 250 employees, a robust infrastructure that utilises Japanese machinery and seamless coordination between its clients and employees. With 20 years of experience, the company provides reliable power transmission and distribution.
Operations & Product Range
Facility and Services
Parth Electricals and Engineering Limited currently operates its manufacturing unit located in Vadodara. The company’s manufacturing facility includes a development centre and is home to state-of-the-art CNC machines. The company is planning to expand its operations through the establishment of two new facilities for Gas Insulated Switchgear in Gujarat and Odisha.
Brand and Market Presence
The company thrives on the manufacturing of electrical panels, substations and switchgear systems. Through its products, the company serves various industries like FMCG, Oil & Gas, Cement, Steel, power utilities and automobiles. Parth Electricals has established more than 100 clients that include great industry players such as Aditya Birla Group, L&T, Ultratech Cement, Tata Power, RIL, Schneider Electric, Adani, BHEL, Jindal Steel & Power, Siemens and Tata Steel.
Revenue Channels
The primary revenue for the company is generated through manufacturing and sales of products like Medium and low voltage panels, metering panels, GIS, Ring Main Units (RMUs), Earth link boxes and Unitized substations. The company has a strong order book of ₹123.20 crore for FY25-26. It also registered a growth in revenue to ₹176.2 crore in FY25 from ₹65.7 crore in FY23.
Management & Shareholding
Promoters and Shareholders
The promoters of the Parth Electricals & Engineering Limited IPO are -
- 1. Mr. Jigneshkumar Gordhanbhai Patel
- 2. Mrs. Jemini Jigneshkumar Patel
Board Members
The board group of the company is made up of experienced members in the electrical equipment manufacturing sector, such as -
- 1. Mr. Jigneshkumar Gordhanbhai Patel (Managing Director)
- 2. Mrs. Jemini Jigneshkumar Patel (Director)
- 3. Ms. Karuna Vinod Advani (Director and Company Secretary)
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Parth Electricals & Engineering Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Parth Electricals & Engineering Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 4, 2025 to August 6, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹160 to ₹170 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,24,800 shares (aggregating up to ₹49.72 Cr) |
| Reserved for Market Maker | 1,46,400 shares (aggregating up to ₹2.49 Cr) Shreni Shares Limited |
| Net Offered to Public | 27,78,400 shares (aggregating up to ₹47.23 Cr) |
| Employee Discount | ₹8.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,07,43,155 shares |
| Share Holding Post Issue | 1,36,67,955 shares |
Parth Electricals & Engineering Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Thu, Aug 7, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2025 |
Parth Electricals & Engineering Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600.00 | ₹2,72,000 |
| Individual investors (Retail) (Max) | 2 | 1,600.00 | ₹2,72,000 |
| S-HNI (Min) | 3 | 2,400 | ₹4,08,000 |
| S-HNI (Max) | 7 | 5,600 | ₹9,52,000 |
| B-HNI (Min) | 8 | 6,400 | ₹10,88,000 |
| Employee (Min) | 2 | 1,600 | ₹2,72,000 |
| Employee (Max) | 1 | 800 | ₹1,36,000 |
Parth Electricals & Engineering Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 79.60% |
| Share Holding Post Issue | 62.57% |
Competitive Strength:
- 1. The company maintained its quality control process, which helped in the production of excellent products manufactured through its facilities.
- 2. Parth Electricals & Engineering has its focus set on strategic tie-ups to enhance direct billings.
- 3. The company puts a strong focus on marketing for its products and services in order to further increase its diverse client base.
Parth Electricals & Engineering Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 106.76 | 176.2 | 10.12 | 40.59 | 33.33 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 66.53 | 87.17 | 5 | 15 | 15.84 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 50.70 | 65.70 | 2.45 | 9.58 | 8.43 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 24.92% |
| ROCE | 23.38% |
| Debt/Equity | 0.82 |
| RoNW | 24.92% |
| PAT Margin | 5.79% |
| EBITDA Margin | 10.04% |
| Price to Book Value | 4.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.42 | 7.40 |
| P/E (x) | 18.05 | 22.97 |
Objectives of Parth Electricals & Engineering Limited IPO
Approximately Rs 200 crore and Rs 190 crore from the listing proceeds will be utilised to establish a GIS facility and manufacturing facility in Gujarat and Odisha. Some part of the proceedings (approximately Rs. 150 crore) will be used for debt repayment. The remaining funds will be utilised for general corporate functioning.
Conclusion
Parth Electricals & Engineering Limited IPO is an opportunity for investors to take part in a rapidly growing company in the Indian electrical and equipment sector. The company has a wide and firmly established client base, including various known names such as Aditya Birla Group, L&T, Ultratech Cement, Tata Power, RIL, Schneider Electric, Adani, BHEL, Jindal Steel & Power, Siemens and Tata Steel. The upcoming IPO will further help in elaborating on its expansion and market presence.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. When will the Parth Electricals & Engineering Limited IPO go public?
The IPO is to be subscribed publicly between 4th August, 2025 to 6th August, 2025.
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2. What is the minimum investment amount for a retail investor?
The retail investors will be required to apply for a minimum lot of 1,600 shares, which will be the equivalent of ₹2,56,000.
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3. What is the total issue size of the Parth Electricals & Engineering Limited IPO?
Parth Electricals & Engineering Limited IPO is a book-built issue with an offer of around ₹49.72 crores by way of a fresh issue of 29.25 lakh equity shares.
-
4. How will the proceeds raised from the Parth Electricals and Engineering Limited IPO be utilized?
The listing proceeds will be utilised to establish a GIS facility and manufacturing facility in Gujarat and Odisha, for debt repayment and general corporate functioning.
