Parth Electricals & Engineering Limited
Bookbuilding IPO · NSE
- Price band
- ₹160 - ₹170
- Lot size
- 800 shares
- Issue amount
- ₹49.72 cr
- Total subscription
- 23.78×
- Opens
- 4 Aug 2025
- Closes
- 6 Aug 2025
- Allotment
- 7 Aug 2025
- Listing
- 11 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 29,24,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,36,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,07,43,155
- Shares after issue
- 1,36,68,155
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,600 | ₹2,72,000 |
| sHNI | 3 | 2,400 | ₹4,08,000 |
| bHNI | 8 | 6,400 | ₹10,88,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 113 | 2,073 |
| HNIs (3-10L) | 57 | 1,394 |
| RETAIL | 593 | 12,034 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.21 | 162.49 |
| RETAIL | 16.13 | 327.32 |
| HNIs 2+ | 2.31 | 59.74 |
| HNIs 10+ | 4.61 | 244.32 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 10.27 | 5.92 | 3.68 |
| ROE | 24.92 | 31.81 | 25.54 |
| ROCE | 23.38 | 24.5 | 19.63 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 18.05 | 0 | 0 |
| POST IPO(PE) | 22.97 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Parth Electricals and Engineering Limited, established in May 2007, began as a service-oriented firm and gradually evolved into a manufacturing company specializing in electrical equipment. Its product portfolio includes Medium Voltage (MV) switchgear panels, Vacuum Circuit Breaker (VCB) panels, Earth Link Boxes, Control and Relay Panels (CRP), and Compact Substations (CSS). The company also undertakes installation, testing, commissioning, and turnkey execution of Air Insulated Substations (AIS) and Gas Insulated Substations (GIS) up to 220kV, in addition to High Voltage (HV) and Extra High Voltage (EHV) cable laying projects. Parth Electricals serves a wide range of prominent clients such as Aditya Birla, Ultratech Cement, L&T, Reliance Industries, Adani, Tata Power, Schneider Electric, BHEL, Tata Steel, Siemens, GFL, and Jindal Steel & Power, among others. Its manufacturing facility is located in Manjusar, Vadodara. The company is certified with ISO 9001:2015, ISO 14001, and ISO 45001, highlighting its adherence to quality, environmental, and occupational health and safety standards. Parth Electricals caters to sectors like power distribution, infrastructure, and industrial manufacturing, having collaborated with major corporations such as ABB and Reliance. It has also extended its footprint internationally by exporting products and services to global markets. As of September 30, 2024, the company employs 227 people across various departments.
Strengths
- Robust Quality Control Standards: Adheres to international quality and safety norms with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, ensuring consistent high-quality output.
- Strategic OEM Alliances: Collaborates with top OEMs like Schneider Electric to enable bulk procurement, ensuring cost efficiency and a steady supply of quality raw materials.
- Engineer-Driven Marketing Approach: Utilizes a technically skilled marketing team to identify customer needs, enabling product customization and expansion into multiple market segments.
Risk factors
- High Dependence on Innovation: Sustained growth is contingent on continual product innovation; lack of new developments could directly affect revenue and profitability.
- Exposure to Power Sector Trends: Business performance is closely linked to electricity consumption and growth in the power sector; any slowdown or adverse policy shifts may hamper operations.
- Customer Concentration Risk: A large share of revenue is derived from a limited number of key clients; losing a major customer could significantly impact financial stability.
Promoters
Jigneshkumar Gordhanbhai Patel
Jemini Jigneshkumar Patel
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
301, Riddhi-Siddhi Elanza, Near Dominos, Subhanpura Vadodara, Gujarat, 390023
0265 2291922
[email protected]Company website ↗Understanding PARTH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.