Parth Electricals IPO: Price, GMP, Analysis, And Details

Parth Electricals IPO- Company Analysis 

Parth Electricals IPO under the SME IPO category is a bookbuilding of Rs. 49.72 Cr by Parth Electricals Ltd, which was incorporated in 2007. The service-oriented company Parth changed its focus to producing electrical equipment.

The company deals in a series of products such as Compact Substations (CSS), Earth Link Boxes, Control and Relay Panels (CRP), Medium Voltage (MV) switchgear panels, and Vacuum Circuit Breaker (VCB) panels. 

It accomplishes GIS and AIS up to 220kV for various installations, tests, and commissioning along with complete execution in addition to laying HV and EHV cables.

Some of its clients are BHEL, Siemens, GFL, Jindal Steel & Power, Aditya Birla, Ultratech Cement, L&T, RIL, Adani, Tata Power, Schneider Electric, and many others. The company's manufacturing plant is located in Vadodara's Manjusar.

Parth Electricals IPO Details

The Parth Electricals IPO date is on 04 August 2025, and its initial public offering will end on 06 Aug with IPO allotment on Aug 07, and refund initiation on Aug 07, 2025.

The Rs. 49.72 crore new SME IPO comprises a wholly fresh issue of 29.25 lac shares.

The Parth Electricals IPO listing date (expected) might be on Monday, Aug 11, 2025, and listing at the NSE and SME. 

The Parth Electricals IPO price band is Rs. 160 to Rs. 170.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Aug 04, 2025
IPO Closing Date	Aug 06, 2025
IPO Allotment Date	Aug 07, 2025
Refund Initiation	Aug 07, 2025
IPO Listing Date	Aug 11, 2025

 

 

Click to open demat account and apply for the IPO.

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	106.76	66.53	50.70
Total Revenue	176.20	87.17	65.70
PAT	10.12	4.61	2.45
EBITDA	17.53	9.05	4.31
Net Worth	40.59	14.50	9.58
Reserves & Surplus	30.57	13.25	8.64
Borrowings	33.33	15.84	8.43

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	30.20	752.60	310.84
Net Cash Flow Investing Activities	(1,045.38)	(769.20)	(92.37)
Net Cash Flow Financing Activities	2,974.93	598.98	(169.02)

 

Revenue Bifurcation

Revenue from Learning and Development Activities

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Constructing a GIS production plant in Gujarat.

• Setting up a production plant in Odisha.

• Payback of short-term debts.

• General corporate purposes.
  
  

Listed Peers of Parth Electricals Ltd.

Company Name	Face Value (Rs.)	EPS (Rs.)	P/E (x)
Supreme Power Equipment Limited	10	7.44	29.43
Shivalic Power Control Limited	10	5.50	21.58
RMC Switchgears Limited	10	30.30	28.21

 

Valuation

Metric	Value
ROE	24.92%
ROCE	23.38%
Debt/Equity	0.82
RoNW	24.92%
PAT Margin	5.79%
EBITDA Margin	10.04%
Price to Book Value	4.13

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 10.27 from the last year, the resulting P/E ratio is 16.55x (taking the upper price). When compared with the industry’s average P/E of 26.41x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

Explore the B.D Industries IPO.

 

IPO's Strengths 

• Using strict quality control procedures to guarantee excellence.

• Strategic partnerships for straightforward invoicing.

• Boost operations by using marketing to grow our clientele.

 

 

IPO’s Weaknesses

• Despite the company's previous establishment, its present business model operations are relatively new. This makes it more difficult to evaluate consistency and resilience since it reduces visibility into long-term operational performance.

• A limited number of customers account for a sizable amount of Parth Industries' revenue. A significant decline in sales and profitability could result from the loss of any significant clients or a decrease in orders.

• The directors and promoters of the company have given it unsecured loans, which are revocable at any time. The company's liquidity and financial planning become unpredictable as a result.

• Because of the nature of its production and distribution, the company needs a large amount of working capital. Daily operations may be impacted by any mismatch in the working capital cycle or delay in receivables.
  
  

Parth Electricals IPO GMP

Parth Electricals IPO GMP (grey market premium) is Rs. 0 as of 31 Jul 2025 at the time of writing this information.

Parth Electricals IPO Summary

The Parth IPO has a market maker portion size of 1,46,400 Shares (Rs. 2.49 Cr).

IPO Opening & Closing Date	04 Aug, 2025 to 06 Aug, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 160 to Rs. 170 per Share.
Lot Size	800 Shares
Issue Size	29,24,800 Shares (Rs. 49.72 Cr)
Offer for Sale	-
Fresh Issue	29,24,800 Shares (Rs. 49.72 Cr)
Listing at	NSE, SME
Issue Type	Bookbuilding Issue
Registrar	Kfin Technologies Limited

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (1600 Shares) for Rs. 2,72,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (2400 Shares) for Rs. 4,08,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	46.28%
Retail’s Portion	32.44%
Non-Institutional Portion	13.92%

 

Parth Electricals IPO Allotment Status

To check the IPO Allotment Status of Parth Electricals, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using Registrar’s Website- Kfintech IPO allotment status​

Using BSE Website- ​BSE IPO allotment status

Promoters And Management of Parth Electricals Ltd.

• Jigneshkumar Gordhanbhai Patel

• Jemini Jigneshkumar Patel.

Pre-Issue Promoter Shareholding	79.60%
Post-Issue Promoter Shareholding	62.57%

 

IPO Lead Managers

• Horizon Management Private Limited.

 

Dividend Policy

The company has not paid a dividend in the last three financial years.

 

 

Conclusion

In the power infrastructure sector, Parth Electricals IPO offers solid client relationships and consistent revenue development. With a P/E below the industry average, the IPO seems to be fairly valued. However, the main hazards are client concentration, working capital intensity, and a brief business history.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.