Parth Electricals IPO

About Parth Electricals IPO

Parth Electricals IPO is a book-built issue worth ₹49.72 crore. The IPO consists entirely of a fresh issue of 29.25 lakh equity shares. The issue opens for subscription on August 4, 2025, and closes on August 6, 2025. The allotment is expected to be finalised on August 7, 2025, with a tentative listing date on NSE SME scheduled for August 11, 2025.

The price band for the IPO is fixed at ₹160 – ₹170 per share. Retail investors must apply for a minimum of 2 lots comprising 1,600 shares, requiring an investment of ₹2,72,000 at the upper price band. HNI investors must apply for a minimum of 3 lots (2,400 shares), amounting to ₹4,08,000.

Horizon Management Private Limited is the book-running lead manager to the issue, and Kfin Technologies Limited is the registrar. Shreni Shares Limited is acting as the market maker for this IPO.

For detailed information on financial performance, risk factors, and business operations, investors should refer to the Parth Electricals IPO RHP.

Industry Outlook

1. India’s power transmission and distribution sector is undergoing rapid growth, driven by rising energy demand, industrialisation, and government-led infrastructure reforms. The global market is expected to grow from USD 344.32 billion in 2024 to USD 505.28 billion by 2034, at a CAGR of 3.91%.
2. In India, the shift to renewables and natural gas is reshaping power generation, prompting major upgrades in transmission networks. Government initiatives like the Revamped Distribution Sector Scheme (RDSS) aim to boost efficiency and cut losses across utilities.
3. The sector includes global giants such as ABB, GE, and Hitachi Energy, as well as Indian leaders like CG Power, Schneider Electric Infrastructure, and Marine Electricals. These firms manufacture key equipment such as switchgear, control panels, and substation systems.
4. System integrators and EPC firms are vital to turnkey projects in high and extra-high-voltage segments. Their technical expertise ensures smooth implementation and regulatory compliance, especially as automation and smart grids gain momentum.

Parth Electricals IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Invest in land, construction, and specialised equipment to set up a Gas Insulated Switchgear (GIS) unit, enhancing high-voltage product capabilities and market presence.
2. Launch a new facility for electrical panels and substation equipment to serve eastern India, improving delivery speed and lowering logistics costs.
3. Reduce debt to strengthen the balance sheet, lower interest costs, and increase financial flexibility.
4. Meet working capital needs, cover administrative expenses, support brand development, and fund strategic initiatives to boost long-term resilience.

About Parth Electricals Limited

Parth Electricals & Engineering Limited was originally incorporated as Parth Electricals & Engineering Private Limited on 4 May 2007 under the Companies Act, 1956. The company was subsequently converted into a public limited company and renamed Parth Electricals & Engineering Limited on 14 November 2024.

The company is engaged in the design, manufacturing, and supply of electrical panels, Ring Main Units (RMUs), Compact Substations (CSS), and Control & Relay Panels (CRPs), catering to power distribution systems ranging from 415V to 132KV. Its products serve a diverse clientele across the power transmission and distribution sector, including public sector undertakings, utilities, and private infrastructure developers.

Parth operates a fully integrated manufacturing facility in Manjusar, Vadodara, Gujarat, equipped with advanced machinery and testing infrastructure. The company has also entered into technology transfer agreements with global players such as Schneider Electric SAS and Beijing Hezong Science and Technology Co. Ltd., enabling it to offer high-quality, technologically advanced solutions.

The company’s operations are primarily concentrated in Gujarat, which accounted for over 90% of its revenue in FY25, with additional presence in Odisha and Uttar Pradesh. Parth’s growth strategy is focused on expanding its manufacturing footprint, particularly through the establishment of a new facility in Odisha and a dedicated GIS manufacturing unit in Gujarat.

How To Check the Allotment Status of the Parth Electricals IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Parth Electricals IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Parth Electricals IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Parth Electricals IPO

Registered Office: 301, Riddhi-Siddhi Elanza, Near Domino’s, Subhanpura, Vadodara, Gujarat – 390023, India.

Phone: +91 265 2291922
E-mail: cs@parthelectricals.in

Parth Electricals IPO Reservation

Investor Category	Shares Offered
Market Maker Shares Offered	1,46,400 (5.01%)
QIB Shares Offered	13,53,600 (46.28%)
− Anchor Investor Shares Offered	8,12,000 (27.76%)
− QIB (Ex. Anchor) Shares Offered	5,41,600 (18.52%)
NII (HNI) Shares Offered	4,07,200 (13.92%)
− bNII > ₹10L	2,71,200 (9.27%)
− sNII < ₹10L	1,36,000 (4.65%)
Retail Shares Offered	9,48,800 (32.44%)
Employee Shares Offered	68,800 (2.35%)
Total Shares Offered	29,24,800 (100.00%)

Parth Electricals IPO Lot Size

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	800	₹1,36,000

Parth Electricals IPO Promoter Holding

The promoters of the company are Jigneshkumar Gordhanbhai Patel and Jemini Jigneshkumar Patel.

Share Holding Pre-Issue	79.60%
Share Holding Post Issue	62.57%

Key Performance Indicators for Parth Electricals IPO

The market capitalisation of Parth Electricals IPO is ₹232.36 Cr. Here are the KPIs of Parth Electricals:

KPI	Value
EBITDA Margin (%)	10.04
PAT Margin (%)	5.79
Return on Equity (RoE) (%)	24.92
Return on Capital Employed (ROCE) (%)	23.38

Parth Electricals IPO Prospectus

• Parth Electricals IPO DRHP
• Parth Electricals IPO RHP

Parth Electricals IPO Registrar and Lead Managers

Parth Electricals IPO Lead Managers

• Horizon Management Private Limited

Registrar for Parth Electricals IPO

KFin Technologies Limited

• Contact Number: +91 40 6716 2222
• Email Address: ipo@kfintech.com

Parth Electricals IPO Registrar