Upcoming IPO: Silver Consumer Electricals Files DRHP with SEBI for ₹1,400 Crore IPO

Silver Consumer Electricals has submitted its Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI), marking the initial step towards launching its ₹1,400 crore initial public offering (IPO).

The proposed IPO comprises a fresh issue of equity shares worth up to ₹1,000 crore, along with an offer for sale (OFS) of shares totaling ₹400 crore. The OFS will be entirely offloaded by Vinit Dharamshibhai Bediya, the sole promoter and selling shareholder.

The Book Running Lead Managers (BRLMs) for the issue are:

• Motilal Oswal Investment Advisors Limited
• ICICI Securities Limited
• JM Financial Limited
• Choice Capital Advisors Private Limited

MUFG Intime has been appointed as the registrar for the issue. The company’s equity shares are proposed to be listed on both BSE and NSE.

Utilisation of Proceeds

The company intends to utilise the net proceeds from the fresh issue for:

• Repayment or prepayment (either in full or partial) of certain outstanding borrowings availed by the company and its subsidiary, BAPL
• General corporate purposes

About Silver Consumer Electricals

Silver Consumer Electricals is a leading manufacturer in the electrical consumer durables space, producing a broad range of products such as pumps and motors, solar pumps and controllers, fans, lighting solutions, and agricultural equipment.

The company is recognised as the fastest-growing manufacturer in its segment in India, recording an impressive CAGR of 95.17% in revenue from operations between FY23 and FY25.

Financial Performance

Silver Consumer Electricals has demonstrated remarkable growth:

• Revenue surged from ₹416 crore in FY23 to ₹1,586 crore in FY25, at a CAGR of 95%
• Profit After Tax (PAT) grew from ₹20 crore to ₹48 crore during the same period, reflecting a CAGR of 55.54%

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