Parth Electricals and Engineering IPO
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Schedule of Parth Electricals and Engineering
| Issue open date | 04 Aug 2025 |
| Issue close date | 06 Aug 2025 |
| UPI mandate deadline | 06 Aug 2025 (5 PM) |
| Allotment finalization | 07 Aug 2025 |
| Refund initiation | 07 Aug 2025 |
| Share credit | 08 Aug 2025 |
| Listing date | 11 Aug 2025 |
| Mandate end date | 21 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 06 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 05 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Parth Electricals and Engineering
Incorporated in 2007, Parth Electricals & Engineering Limited is engaged in the manufacturing, supply, and commissioning of a diverse range of electrical infrastructure solutions. The company provides end-to-end services including design, supply, installation, testing, and commissioning, serving both public and private sector clients.
Its product portfolio includes Medium and Low Voltage Panels, Control and Relay Panels, Metering Panels, Fast Bus Transfer (FBT) Systems, Gas Insulated Switchgears (RMU), Earth Link Boxes, and Unitized Substations (USS). In addition to its manufacturing capabilities, Parth also operates as an EPC contractor, executing turnkey projects involving 33/11 KV substations, overhead and underground electrification, and solar system installations.
Financials of Parth Electricals and Engineering
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹49.72 crores |
| Fresh Issue | ₹49.72 crores |
Utilisation of proceeds
| Purpose | INR crores |
| Establishing GIS manufacturing facility in Gujarat | 20 |
| Establishing manufacturing facility in Odisha | 19 |
| Repayment of short term borrowings | 15 |
| General corporate purposes |
Strengths
- In-house manufacturing facilities, ensuring quality control and timely delivery of critical components
- Diverse portfolio, providing both product-based solutions and comprehensive Engineering, Procurement, and Construction (EPC) contracting services
- Strategic tie-ups with Original Equipment Manufacturers (OEMs)
- Diverse clientele base, reflecting trust and quality of execution
- Track record of timely execution and Strong order book position
- Strong growth in revenue and profitability
- Promoters’ extensive industry experience
Risks
- Manufacturing & Supply segment sales comprising 92% of revenue(FY25), pose a risk to overall business performance if sales drop
- High reliance on Gujarat, exposing the business to regional disruptions
- 76%+ revenue from a Single Product(RMUs) in FY25, highlights business concentration
- Reliance on few key customers and suppliers without contracts may disrupt operations
- Business dependency on Power generation and distribution industry
- Competitive industry combined with regulatory challenges
- Loss of leased facilities, may disrupt operations and increase costs