Silver Consumer Electricals IPO

About Silver Consumer Electricals IPO

Silver Consumer Electricals IPO is a book-built issue worth ₹1,400.00 crore. The IPO comprises a fresh issue of equity shares aggregating up to ₹1,000.00 crore and an offer for sale of equity shares aggregating up to ₹400.00 crore. Key dates such as the opening and closing of the subscription window are yet to be announced. The equity shares are proposed to be listed on NSE and BSE.

The IPO price band, lot size, and minimum investment requirements for retail and HNI investors have not yet been disclosed. Details regarding the allotment date and listing date will be updated once announced.

ICICI Securities Ltd., JM Financial Ltd., Motilal Oswal Investment Advisors Ltd., and Choice Capital AdvisorsPrivate Limited are the book running lead managers to the issue, and MUFG Intime IndiaPrivate Limited is the registrar.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Silver Consumer Electricals IPO DRHP.

Industry Outlook

1. India’s electrical consumer durables (ECD) sector is undergoing a period of robust expansion, driven by rising urbanisation, increasing disposable incomes, and a growing emphasis on energy-efficient solutions. The sector encompasses a wide array of products including pumps, motors, fans, lighting, and agricultural equipment, all of which are integral to both residential and industrial applications.
2. The government’s push for rural electrification, coupled with infrastructure development and the “Make in India” initiative, has created a favourable environment for domestic manufacturers. This has led to a surge in demand for reliable and cost-effective electrical products, particularly in semi-urban and rural markets where penetration remains relatively low.
3. The Indian pump industry, a key segment within ECD, is segmented into agricultural, industrial, and residential categories. Agricultural pumps, in particular, are witnessing increased adoption due to the mechanisation of farming and the need for efficient irrigation systems. Similarly, the market for solar-powered pumps and controllers is gaining traction, supported by government subsidies and sustainability goals.
4. The fast-moving electrical goods (FMEG) segment, which includes fans, lighting solutions, and small appliances, is experiencing heightened competition. Domestic players are leveraging their cost advantages and distribution networks to compete with established multinational brands. Innovation in product design, energy efficiency, and smart features is becoming a key differentiator in this fragmented yet vibrant market.

Silver Consumer Electricals IPO Objectives

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

1. The company intends to repay or prepay, in full or in part, certain outstanding borrowings availed by itself and its subsidiary, Bediya Automation Private Limited. This will help reduce interest costs and improve the company’s overall financial health.
2. Funds will be directed towards enhancing operational capabilities, including optimising manufacturing processes and upgrading infrastructure to support increased production volumes and product diversification.
3. A portion of the proceeds will be allocated to general corporate purposes, which may include administrative expenses, brand development, and strategic initiatives aimed at reinforcing market presence and long-term sustainability.
4. Through public listing on BSE and NSE, the company aims to improve corporate visibility, adhere to higher governance standards, and gain broader access to capital markets, thereby enabling future growth through strategic partnerships and collaborations.

About Silver Consumer Electricals Limited

Silver Consumer Electricals Limited was originally established as a partnership firm under the name ‘Silver Engineering Co.’ on August 6, 1981. The firm was registered on February 19, 1986, and subsequently renamed ‘Silver Consumer Electricals’ to better reflect its business activities. On May 15, 2021, it was converted into a private limited company under the Companies Act, 2013, and later reconstituted as a public limited company on January 6, 2025.

The company is engaged in the large-scale manufacturing of electrical consumer durables, including pumps, motors, solar-powered pumps and controllers, fans, lighting products, and agricultural equipment. It operates under a dual business model, selling products under its own brands ‘Silver’ and ‘Bediya’, and supplying to prominent original equipment manufacturers (OEMs) across India.

Silver Consumer Electricals operates a dedicated manufacturing facility in Rajkot, Gujarat, which serves as the cornerstone of its production capabilities. The facility is equipped to handle high-volume output across multiple product categories, with a strong emphasis on quality, efficiency, and innovation.

The company’s operations are primarily concentrated in the western region of India, which accounted for over 78% of its domestic revenue in the financial year ending March 31, 2025. Its customer base includes leading Indian brands, and its top ten clients contributed nearly 67% of its revenue from operations during the same period.

How To Check the Allotment Status of the Silver Consumer 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 Silver Consumer 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 Silver Consumer 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 Silver Consumer Electricals IPO

Registered Office: Revenue Survey No. 36, 37, 38, 43 to 47/1, Plot No. 1, 3, 5 & 6, Village Haripar (Tarvada), Taluka: Lodhika, District: Rajkot – 360035, Gujarat, India.

Phone: +91 74 8607 9820
E-mail: cs@silverpumps.com