Parth Electricals & Engineering was incorporated on May 4, 2007. The company makes and installs medium and high voltage electrical equipment like panels, RMUs, and substations. It also provides related services and works with clients in power and industrial sectors
| Bidding Dates |
|---|
| 04 Aug 2025 - 06 Aug 2025 |
| Subscription |
|---|
| 22.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,56,000 | 2 | 2 | 800 | 2.9 M | ₹160 - ₹170 | 62.57 % | ₹468.0 M - ₹497.2 M | RHP DOC |
Parth Electricals IPO SUBSCRIPTION STATUS
06 Aug '25Parth Electricals IPO overall subscription rate was 22.2 times the total available shares
Parth Electricals IPO retail subscription rate was 26.12 times in the retail segment
Parth Electricals IPO non-institutional investor subscription rate was 56.9 times in the non-institutional investor category
Parth Electricals IPO Qualified Institutional Bidder subscription rate was 9.05 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Aug 2025 (Day 3) | 26.12x | 56.9x | 9.05x |
05 Aug 2025 (Day 2) | 3.48x | 5.41x | 0.23x |
04 Aug 2025 (Day 1) | 1.27x | 1.74x | 0.11x |
Parth Electricals FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 174.7 | 10.1 | 0.3 | -11.3 | 10.0% |
| FY24 | 86.8 | 4.6 | 7.5 | 0.2 | 10.4% |
| FY23 | 65.5 | 2.4 | 3.1 | 2.7 | 6.6% |
Parth Electricals IPO SUBSCRIPTION STATUS DETAILS
Parth Electricals had 2.9 M shares on offer
Parth Electricals IPO offer price was in the range ₹160 - ₹170
Parth Electricals IPO minimum Investment was ₹256000
Parth Electricals IPO issue size was ₹ 468.0 M - ₹ 497.2 M
Parth Electricals had a minimum lot size of 800 Shares per application
Parth Electricals NUMBER OF SHARES ON OFFER
Parth Electricals IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2025 |
| Issue close Date | 06 Aug 2025 |
| Allotment Date | 07 Aug 2025 |
| Refund Date | 07 Aug 2025 |
| Demat Account Credit Date | 08 Aug 2025 |
| Listing Date | 11 Aug 2025 |
| Listing on Exchange(s) | NSE |
| Parth Electricals Allotment Status | Exchange/ Registrar |
Parth Electricals IPO subscription opened on 04 Aug 2025, and closed on 06 Aug 2025
IPO allotment for Parth Electricals was finalized on Thursday, 07 Aug 2025
IPO listing for Parth Electricals was on NSE on Monday, 11 Aug 2025
Parth Electricals IPO LISTING GAINS
| Issue Price (adjusted) | 170.0 |
| Listing Open Price | 174.0 |
| Listing Close Price | 182.7 |
| Listing Gain% | 2.4% |
| Current Gain% | 197.7% |
Parth Electricals Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parth Electricals & Engineering Ltd. | 506.2 | 691.8 | 48.6 | 1.2 | 3.4 | 12.8 | 7.6 | 200.9 | 14 | 14.2 | 40.7 | 10.4 | 40.7 |
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Parth Electricals INFORMATION ON IPO ISSUE
About Parth Electricals
Parth Electricals & Engineering was incorporated on May 4, 2007. The company makes and installs medium and high voltage electrical equipment like panels, RMUs, and substations. It also provides related services and works with clients in power and industrial sectors
Object of the Issue
- Establishing GIS manufacturing facility in Gujarat
- Establishing manufacturing facility in Odisha
- Repayment of short term borrowings
- General corporate purposes
Parth Electricals - PROMOTERS
| Name |
|---|
| Jigneshkumar Gordhanbhai Patel |
| Jemini Jigneshkumar Patel |
Parth Electricals - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Jigneshkumar Gordhanbhai Patel | Managing Director |
| Jemini Jigneshkumar Patel | Whole-Time Director |
| Karuna Vinod Advani | Independent Director |
| Prashant Bharatkumar Patel | Independent Director |
| Ravindra Badaya | Independent Director |
Parth Electricals Book Running Lead Manager
Horizon Management Private Limited
akash.das@horizon.net.co
Parth Electricals Registrar to the issue
KFin Technologies Limited
peel.ipo@kfintech.com
Parth Electricals Strengths
Quality control standards
The company maintains a strong focus on product quality through ISO certifications demonstrating adherence to international standards. It operates an independent in-house quality assurance lab staffed by skilled professionals and equipped with advanced testing devices, particularly for electrical panel testing
OEM partnerships
The company has established strategic tie-ups with Original Equipment Manufacturers such as Schneider Electric Infrastructure for direct billing. These partnerships allow access to high-quality raw materials at scale, ensure consistent supply, and reduce procurement costs
Strong marketing reach
The company’s marketing efforts are focused on expanding its customer base by customizing products for various applications across industries. The marketing team, which includes technically skilled engineers, identifies demand trends and guides product modifications
Parth Electricals Risks
Product concentration
A significant share of the company's revenue is dependent on a single product—Ring Main Unit (RMU)—which contributes over 50% of total sales. This dependence exposes the company to risks from market demand fluctuations, competitive pressures, regulatory changes, and technological advancements
No contract security
The company does not maintain long-term agreements with customers and depends on periodic purchase orders, including tender-based work orders from public sector entities. This exposes it to revenue fluctuations and potential customer loss
Regional sales dependence
The company’s revenue is highly concentrated in select geographies, particularly Gujarat, which contributed 90.92% of revenue in FY25. Such geographical dependence exposes the business to regional economic, political, and competitive risks
IPO FAQs
The promoters of the company are Jigneshkumar Gordhanbhai Patel and Jemini Jigneshkumar Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 160.0 - 170.0.
The IPO application opens on Aug 04, 2025 and closes on Aug 06, 2025.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 256,000.0, the maximum value for this IPO is Rs 272,000.0.
This IPO will be allotted on Aug 07, 2025.
The refund will be credited to your account on Aug 07, 2025.
The allotted shares will be credited to your demat on Aug 08, 2025.
Parth Electricals & Engineering Ltd.’s shares listed on the stock exchanges on Aug 11, 2025.