August 11, 2025
admin
Listing Review:
The scrip is listed at Rs. 174, 2.35% premium to the issue price. Though it is very disappointingm it was expected looking to the subscription tally.
Final Subscription Tally
| Size Rs. 47.23 Crore LM: | ||||
| QIB | NII x | RII x | Total x | Applications |
| 17.65 | 43.93 | 20.28 | 23.27 | 15549 |
| Subscription Review: Good subscription trend on the first day |
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About Parth Electricals
Parth Electricals and Engineering Limited, established in May 2007, began as a service-oriented firm and has steadily evolved into a full-fledged manufacturer of electrical equipment.
The company specializes in the production of:
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Medium Voltage (MV) switchgear panels
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Vacuum Circuit Breaker (VCB) panels
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Earth Link Boxes
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Control and Relay Panels (CRP)
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Compact Substations (CSS)
In addition to manufacturing, it undertakes turnkey projects involving installation, testing, and commissioning of Air Insulated Substations (AIS) and Gas Insulated Substations (GIS) up to 220kV, as well as HV and EHV cable laying.
Parth Electricals boasts an impressive clientele, including Aditya Birla Group, Ultratech Cement, L&T, RIL, Adani, Tata Power, Siemens, BHEL, Jindal Steel & Power, Schneider Electric, and Tata Steel, among others.
Its manufacturing unit is located at Manjusar, Vadodara, and the company holds ISO 9001:2015, ISO 14001, and ISO 45001 certifications—demonstrating its commitment to quality, environment, and occupational safety standards.
With a strong presence in sectors like power distribution, infrastructure, and industrial manufacturing, the company has also made its mark globally by exporting its products and services to international markets.
Parth Electricals IPO Details
|
Sector: Marketing & Promotion |
|
| IPO opens on | 4 August 2025 |
| IPO closes on | 6 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 29,24,800 Shares / Rs ? Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 146,400 Shares |
| Net offer to Public | 27,78,400 Shares Rs. ? Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. ? |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker | 1,46,400 (5.01%) |
| QIB | 13,53,600 (46.28%) |
| NII (HNI) | 4,07,200 (13.92%) |
| Retail | 9,48,800 (32.44%) |
| Employee | 68,800 (2.35%) |
| Total | 29,24,800 (100.00%) |
How shares can be applied?
Who are the Promoters of Parth Electricals IPO?
The Promoters of the company are Jigneshkumar Gordhanbhai Patel and Jemini Jigneshkumar Patel.The promoters hold 79.60% of the pre-IPO capital
What are the Objects of Parth Electricals IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Establishing GIS manufacturing facility in Gujarat Rs. 20 Cr.
+Establishing manufacturing facility in Odisha Rs. 19 Cr.
+Repayment of Short Term Borrowings Rs. 15 Cr.
General corporate purposes
Parth Electricals IPO Timetable
Tentative timetable |
|
| IPO opens on | 4 August 2025 |
| IPO Closes on | 6 August 2025 |
| IPO Allotment on | 7 August 2025 |
| Refund Initiation | 7 August 2025 |
| Credit of Shares | 8 August 2025 |
| Listing on | 11 August 2025 |
| Registered Office of the Company Parth Electricals & Engineering Ltd. 301, Riddhi-Siddhi Elanza, Near Dominos, Subhanpura Vadodara, Gujarat, 390023 |
| Lead Managers of this IPO Horizon Management Pvt ltd |
| Who is the Registrar to the IPO? Kfin technologies ltd |
Parth Electricals IPO Financials
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 106.76 | 66.53 | 50.7 |
| Revenue | 176.2 | 87.17 | 65.7 |
| Profit After Tax | 10.12 | 4.61 | 2.45 |
| EBITDA | 17.53 | 9.05 | 4.31 |
| Net Worth | 40.59 | 14.5 | 9.58 |
| Reserves and Surplus | 30.57 | 13.25 | 8.64 |
| Total Borrowing | 33.33 | 15.84 | 8.43 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 24.92% |
| ROCE | 23.38% |
| Debt/Equity | 0.82 |
| RoNW | 24.92% |
| PAT Margin | 5.79% |
| EBITDA Margin | 10.04% |
| EPS | |
| PER |
How Parth Electricals IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Parth Electricals and Engineering | 24.92 | |
| Supreme Power Equipment | 29.43 | 20.46 |
| Shivalic Power Control | 21.58 | 11 |
| RMC Switchgears | 28.21 | 29.41 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Chanakya’s IPO Review – Parth Electricals by Paresh Gordhandas, CA & Research Analyst
Will update soon
Quicklinks
Parth Electricals IPO on 4 August IPO GMP
Parth Electricals IPO on 4 August IPO review
Parth Electricals is a Vadodara-based company engaged in manufacturing electrical equipment like MV switchgear panels, VCB panels, CRPs, CSS, and Earth Link Boxes. It also provides turnkey solutions for substations and high-voltage cable projects.
The IPO opens on 4 August 2025 and closes on 6 August 2025.
The IPO comprises a fresh issue of 29.25 lakh shares.
The shares are proposed to be listed on the NSE SME platform.
Horizon Management Pvt Ltd is the Book Running Lead Manager and Kfin Technologies Ltd is the registrar.
