Parth Electricals and Engineering IPO opens today. Check all details before subscription
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Parth Electricals and Engineering's IPO will open for subscription on Monday, August 4, aiming to raise Rs 49.72 crore through a completely fresh issue of 29.25 lakh shares. The bookbuilding IPO is priced in the band of Rs 160 to Rs 170 per share, with the grey market premium (GMP) currently hovering at Rs 22, indicating a potential listing price of around Rs 192.The IPO will close on Wednesday, August 6, and the allotment is expected to be finalized on Thursday, August 7. Shares are scheduled to list on the NSE SME platform on Monday, August 11.Retail investors are required to apply for a minimum of 1,600 shares, amounting to an investment of Rs 2.72 lakh.Horizon Management is acting as the lead manager to the issue, KFin Technologies is the registrar, and Shreni Shares Ltd is the market maker.Based in Vadodara, Parth Electricals and Engineering Ltd. manufactures and supplies a wide range of medium- and high-voltage electrical products, including switchgear panels, VCBs, CRPs, compact substations, and also undertakes turnkey execution of AIS and GIS substations up to 220 kV. Its clients include top-tier industrial giants like Aditya Birla Group, Ultratech Cement , Adani, L&T, RIL BHEL , and Siemens The company has shown strong financial growth with FY25 revenue doubling to Rs 176.2 crore and PAT rising 119% YoY to Rs 10.12 crore. The IPO proceeds will primarily be used for setting up new GIS manufacturing units in Gujarat and Odisha, repaying short-term borrowings, and general corporate purposes.With a strong client base, expansion plans, and a positive GMP trend, the IPO has attracted considerable investor interest, though retail participation will be watched closely given the steep minimum investment size.
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