The Indian IPO market remains a key area of interest for investors, with Parth Electricals & Engineering Ltd. emerging as a new participant, ready to make its debut. The company is launching a book-building IPO to raise ₹49.72 crores, with the subscription window running from August 4 to August 6, 2025. This fresh issue presents an opportunity for investors to engage with a company deeply involved in the electrical equipment and engineering solutions sector, a critical component of India’s ongoing infrastructure and industrial growth. Parth Electricals’ focus on providing electrical solutions and equipment positions it well in the rapidly expanding infrastructure and industrial sectors.
This blog post provides a look at the Parth Electricals IPO details, including its business, financials, and key investment considerations.
About Parth Electricals & Engineering Ltd.
Established in 2007, Parth Electricals & Engineering Ltd. is a provider of a wide range of electrical equipment and engineering solutions. The company’s diverse portfolio includes:
- Manufacturing and Supply: RMU (Ring Main Units), PSS/CSS (Package Substation/Compact Substation), MV (Medium Voltage) Switchgear Panels, and various Control & Protection Relay Panels.
- Services & EPC: The company also provides complete installation, testing, and commissioning services for electrical substations and power cables up to 220KV. It also offers specialised services for Gas Insulated and Air Insulated switchgears.
With its manufacturing facilities, the company has a strong footprint in the power and infrastructure sectors, serving a wide array of industrial clients.
Parth Electricals & Engineering Ltd. IPO Details
The Parth Electricals IPO is a book-building issue of up to 29,24,800 fresh shares, with the aim of raising ₹49.72 crores. The price band has been fixed at ₹160 to ₹170 per share, with a face value of ₹10. The shares will be listed on the NSE SME platform.
Important IPO Timeline:
| Event | Date |
| 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 Aug 6, 2025 |
Key IPO Details
| Particulars | Details |
| 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) |
| 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 |
Lot Size of Parth Electricals & Engineering Ltd. IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,72,000 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹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) | 1.00 | 800 | ₹1,36,000 |
Parth Electricals & Engineering Financial Performance
The company has shown a positive financial trend. Its revenue from operations increased from ₹87.17 crores in FY24 to ₹176.20 crores in FY25, marking a growth of 102%. During the same period, its Profit After Tax (PAT) also saw a substantial increase of 119%, rising from ₹4.61 crores to ₹10.12 crores. This growth is indicative of the company’s expanding market presence and improving operational efficiency.
Key Performance Indicators (as of March 31, 2025)
- 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
Financial Snapshot (₹ in crores)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 106.76 | 67 | 50.70 |
| Revenue | 176.2 | 87 | 65.70 |
| Profit After Tax | 10.12 | 5 | 2.45 |
| EBITDA | 17.53 | 9 | 4.31 |
| Net Worth | 40.59 | 15 | 9.58 |
| Reserves and Surplus | 30.57 | 13 | 8.64 |
| Total Borrowing | 33.33 | 15.84 | 8.43 |
Use of IPO Proceeds
The funds raised from the Parth Electricals IPO will be utilised for the following key objectives:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
| 1 | Establishing GIS manufacturing facility in Gujarat | 200 |
| 2 | Establishing manufacturing facility in Odisha | 190 |
| 3 | Repayment of Short Term Borrowings | 150 |
| 4 | General corporate purposes | Not Provided |
Parth Electricals & Engineering Ltd. IPO Peer Comparison
Parth Electricals operates in a competitive segment of the electrical equipment industry. Its peers include listed companies such as Supreme Power Equipment Ltd., Shivalic Power Control Ltd., and RMC Switchgears Ltd. A comparison with these companies can provide investors with a better understanding of Parth Electricals’ market position and valuation.
Conclusion
Parth Electricals IPO offers an investment opportunity in a company with a diversified product and service portfolio in the electrical and engineering sector. With a solid track record of revenue and profit growth, the company appears well-positioned to capitalise on the increasing demand for electrical infrastructure in India. The IPO proceeds are primarily earmarked for working capital, which can support further operational expansion. As with any investment, prospective investors should conduct their own research and consult a financial expert to make an informed decision.
