Parth Electricals IPO
Open SmeCurrent GMP
₹6 (+3.53%)
Price Band
₹ 160 – 170
Lot Size
800
Issue Size
₹49.72 Cr
Minimum Investment
₹272000 (1600 Shares)
Listing Date
11 August 2025
Subscription
23.85x
About the Company
Parth Electricals & Engineering Limited, established in May 2007 and originally started as a proprietorship in 2005 by Mr. Jigneshkumar Gordhanbhai Patel, is a Gujarat-based company specializing in manufacturing and service solutions for the power distribution and transmission sector. The company evolved from a service-focused entity into a manufacturing and EPC (Engineering, Procurement, and Construction) powerhouse, particularly in the Medium Voltage (MV) and Low Voltage (LV) domains.
Products and Services:
Manufacturing & Supply:
- RMUs (Ring Main Units) and Compact Substations (CSS/PSS) under technology transfer from Schneider Electric SAS, France
- MV Switchgear Panels (as an outsourcing partner of Schneider Electric India)
- Control & Protection Relay Panels
- Metering Panels
- Earth Link Boxes
- VCB Panels and other LV/MV distribution components
Services and EPC:
- Turnkey installation, testing, and commissioning of electrical substations up to 220kV
- Specialized services for Gas Insulated (GIS) and Air Insulated Switchgears (AIS) up to 400kV
- HV & EHV cable laying, jointing, and termination up to 220kV
- Refurbishment and health check-up of switchgears
- Certified to install Pfisterer and Raychem systems
Technology Partnerships:
Parth has strong technical collaboration with Schneider Electric Industries SAS, including technology transfer agreements allowing Parth to manufacture, test, and market products using Schneider’s designs and standards.
Manufacturing Facility:
- Location: Manjusar, Vadodara, Gujarat
- Area: 1,76,000 sq. ft. on 4.05 acres
- Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018
- Capabilities: In-house production of RMUs, MV Panels, E-Houses, CSS, CRPs, and more
Clientele:
Served over 100+ clients across industries such as Oil & Gas, Cement, Steel, FMCG, and Infrastructure. Key clients include:
- Aditya Birla, Ultratech Cement, L&T, RIL, Adani, Tata Power, Schneider Electric, BHEL, Tata Steel, Siemens, GFL, Jindal Steel & Power
Strengths:
- Two decades of technical expertise in power infrastructure
- Deep integration with Schneider Electric’s global practices
- Strong project execution capabilities across India and internationally
- Strategic vendor relationships ensuring quality and timely delivery
- Committed to high standards of safety, quality, and environmental compliance
Competitive Advantages:
- Rigorous quality control
- Strategic partnerships for direct procurement and billing
- Expansion focus through targeted marketing and client diversification
Promoters
- Jigneshkumar Gordhanbhai Patel
- Jemini Jigneshkumar Patel
Promoters Holding
Holding Pre Issue
79.60%
Holding Post Issue
62.57%
Objects of the Issue
The Company Parth Electricals & Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Establishing GIS manufacturing facility in Gujarat
- Establishing manufacturing facility in Odisha
- Repayment of Short Term Borrowings
- General corporate purposes
Address / Contact Info
Parth Electricals & Engineering Ltd.
301, Riddhi-Siddhi Elanza,
Near Dominos, Subhanpura
Vadodara, Gujarat, 390023
Phone: 0265 2291922
Email: cs@parthelectricals.in
Website: http://www.parthelectricals.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 04 August 2025
IPO Close Date
Wednesday, 06 August 2025
Basis of Allotment
Thursday, 07 August 2025
Initiation of Refunds
Thursday, 07 August 2025
Credit of Shares to Demat
Friday, 08 August 2025
Listing Date
Monday, 11 August 2025 — NSE & BSE
Important Dates
Open Date
04 August 2025
Close Date
06 August 2025
Basis Of Allotment
07 August 2025
Listing Date
11 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 106.76 | 66.53 | 50.7 |
| Revenue | 176.2 | 87.17 | 65.7 |
| Profit After Tax | 10.12 | 4.61 | 2.45 |
| Net Worth | 40.59 | 14.5 | 9.58 |
| Reserve & Surplus | 30.57 | 13.25 | 8.64 |
| Total Borrowings | 33.33 | 15.84 | 8.43 |
EPS Pre
9.42%
EPS Post
7.40%
P/E Pre
18.05
P/E (Post Issue)
22.97x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 24.92 | 31.81 | 25.54 |
| ROCE % | 23.38 | 24.5 | 19.63 |
| Debt / Equity | 0.82 | 1.09 | 0.88 |
| RoNW % | 24.92 | 31.81 | 25.54 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 5.79 | 5.31 | 3.74 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 541600 | 27.54 | 0 |
| Non-Institutional | 407200 | 20.71 | 0 |
| BNII | 271200 | 13.79 | 0 |
| SNII | 136000 | 6.92 | 0 |
| Retail Investors | 948800 | 48.25 | 0 |
| Employees | 68800 | 3.5 | 0 |
| Total | 1966400 | 100 | 0 |
Subscription Status ( Wed, 06 Aug 25 01:33 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 541600 | 9558400 | 17.65x |
| Non-Institutional | 407200 | 18032800 | 44.28x |
| BNII | 271200 | 14518400 | 53.53x |
| SNII | 136000 | 3514400 | 25.84x |
| Retail Investors | 948800 | 19254400 | 20.29x |
| Employees | 68800 | 60000 | 0.87x |
| Total | 1966400 | 46905600 | 23.85x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Parth Electricals and Engineering Ltd | 10 | 0.00 | 10.27 | 10.27 | 24.92 | 41.20 |
| Supreme Power Equipment Ltd | 10 | 29.43 | 7.44 | 7.44 | 20.46 | 37.01 |
| Shivalic Power Control Ltd | 10 | 21.58 | 5.50 | 5.50 | 11.00 | 46.81 |
| RMC Switchgears Ltd | 10 | 28.21 | 30.30 | 30.30 | 29.41 | 101.39 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | 272,000.00 |
| Retail (Max) | 2 | 1,600 | 272,000.00 |
| S-HNI (Min) | 3 | 2,400 | 408,000.00 |
| S-HNI (Max) | 7 | 5,600 | 952,000.00 |
| B-HNI (Min) | 8 | 6,400 | 1,088,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Parth Electricals IPO is a Book-building IPO worth ₹49.72 crores. The price band is ₹160 to 170 per share. The IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Parth Electricals IPO opens on Mon, Aug 4, 2025 and closes on Wed, Aug 6, 2025
Parth Electricals IPO Price Band is ₹160 to 170.
Parth Electricals IPO lot size is 800, and the minimum amount required for application is ₹272000.
The minimum investment for Parth Electricals IPO is approximately ₹272000 based on the upper price band.
To apply for the Parth Electricals IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Aug 6, 2025. After submission, funds are blocked until the basis of allotment of Parth Electricals IPO is finalised.
Parth Electricals IPO issue size is ₹49.72 crores.
Parth Electricals IPO allotment date is Sat, Jun 27, 2026.
The registrar for Parth Electricals IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Parth Electricals IPO through their official website or helpline.
The Parth Electricals IPO GMP (Grey Market Premium) is ₹6 as of Mon, Aug 11, 2025. Based on the upper price band of ₹170 per share, the estimated Parth Electricals IPO listing price is ₹176, indicating a potential listing gain of approximately 31% over the issue price.