Parth Electricals & Engineering IPO

About Parth Electricals and Engineering IPO

The IPO of Parth Electricals and Engineering Ltd comprises a fresh issue of up to 29,24,800 equity shares. There is no offer for sale in this IPO, which is a 100% book-built offer. The price band is ₹160 to ₹170, and the lot size is 800. The IPO opens on August 4, 2025 and closes on August 6, 2025.

The listing date is on or before August 11, 2025 and the allotment date is on or before August 7, 2025. The credit of shares to the Demat account will take place on or before August 8, 2025, while the initiation of refund will take place on or before August 7, 2025.

Over the last two decades of its existence Parth Electricals has evolved as a serious and significant player in the power distribution sector mainly in the urban sector with specialisation in low voltage equipment manufacture and has grown its service capabilities across the gamut of services required in this sector through constant upgradation and training of its people and processes.

Objectives of Parth Electricals and Engineering IPO

The company proposes to utilise the net proceeds from the issue towards:

• Establishing GIS manufacturing facility in Gujarat
• Establishing manufacturing facility in Odisha
• Repayment of short-term borrowings
• General corporate purposes

Industry Outlook

The global power transmission and distribution market size is calculated at USD 344.32 billion in 2024 and is predicted to reach around USD 505.28 billion by 2034, expanding at a CAGR of 3.91% from 2024 to 2034. The demand for the power transmission and distribution market is driven by the rising demand for electricity in urban areas, which has led to rapid investments by companies.

India, a major global economy, boasts a fully liberalised power market covering generation, transmission, distribution, and sale of electric energy. Its electric power industry is pivotal to the nation's economy and stands out in power generation and consumption in the Asia-Pacific region. Fossil fuel-based generation, especially natural gas and coal, has historically dominated, fuelling the market's expansion nationwide.

Anticipating the surge in power demand, the Ministry of Power has meticulously laid out a comprehensive plan to meet future requirements. This strategic blueprint encompasses an array of projects under construction, including 27,180 MW of thermal capacity, 18,033.5 MW of hydro capacity, 8,000 MW of nuclear capacity, and a substantial 78,935 MW of renewable energy capacity. By the envisioned timeline of 2031- 32, India aims to augment its total capacity to an impressive 464,124 MW, ensuring readiness to cater to the burgeoning energy needs of the nation.

Company Information

Parth Electricals has evolved as a serious and significant player in the Power distribution sector mainly in the urban sector with specialisation in Low Voltage equipment manufacture and has grown its service capabilities across the gamut of services required in this sector through constant upgradation and training of its people and processes. It’s a technology-driven company with a focus on quality, design, and product development

Strengths of Parth Electricals and Engineering IPO

• Ensuring excellence through rigorous quality control processes
  
• Strategic tie-ups for direct billing
  
• Marketing network
  

Risks of Parth Electricals and Engineering IPO

• Inability to develop and design innovative products may impact profitability
  
• Dependence on electrical industry demand may impact revenue stability
  
• Reliance on electricity expansion and consumption may impact its business performance
  
• Dependence on key customers may adversely impact business
  
• High revenue dependence on a single product (RMU) poses concentration risk
  
• High dependence on certain geographical regions for revenue
  

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on August 1, 2025.

IPO Registrar and Book Running Lead Manager

KFin Technologies Ltd is the registrar of the Parth Electricals and Engineering Ltd IPO. The book running lead managers of this IPO is Horizon Management Pvt Ltd.

Business Model

The current business profile of Parth Electricals and Engineering Ltd comprises manufacturing and supply of:

• RMU under the Technology Transfer agreement with Schneider Electric SAS, France
• PSS / CSS under the Technology Transfer agreement with Schneider Electric SAS, France
• MV Switchgear Panels as an Outsourcing Partner of Schneider Electric India Limited
• Control & Protection Relay Panels
• Metering Panels
• Earth Link Boxes for High Voltage cable grounding
• Metering Panels for HT consumers

It’s also into services and EPC that includes:

• Complete Installation, testing, commissioning services for Electrical Substations up to 220KV
• Complete Installation, testing, commissioning services for Power Cables up to 220KV
• Specialised installation & commissioning services for Gas Insulated switchgears up to 400 KV
• Specialised installation & commissioning services for Air Insulated switchgears up to 220 KV
• Certified to provide specialised services for installation and assembling of cables systems accessories from Pfisterer Switzerland AG and Raychem joints and terminations up to 220KV cable.
• Repair & Refurbishment of RMUs: Provide service to clients to optimize the remaining life of switchgears instead of scrapping them
• Health check-up of all MV, LV, HV & EHV switchgears and panels

Company Growth Trajectory

The revenue from operations of Parth Electricals and Engineering Ltd grew to ₹174.6717 crores in FY 25 from ₹65.5334 crores in FY 23. Its EBITDA margin grew from 6.57% in FY 23 to 10.04% in FY 25, while PAT margin increased from 3.74% in FY 23 to 5.79% in FY 25. Marketing network and rigorous quality control process have helped in the company’s growth over the years.

Market Position

During their journey of two decades, Parth Electricals has served more than 100+ clients in different industries such as oil and gas, papers, cement, steel, FMCG, automobile etc. Its clientele in this industry includes Aditya Birla, Ultratech Cement, L&T, RIL, Adani, Tata Power, Schneider Electric, BHEL, Tata Steel, Siemens, GFL, Jindal Steel & Power and many more. It has an order book of ₹123.20 crores as on July 14, 2025 to be executed in FY 26 as certified by Statutory Auditor vide their certificate dated July 14, 2025.

How to Check Allotment Status of Parth Electricals and Engineering IPO?

1. Visit the Registrar’s Website

• Visit the official website of KFin Technologies Ltd
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’
• Click on any one of the appearing links
• Choose IPO name and enter either your application number, Demat account or PAN number
• Enter captcha and click on ‘Submit’ to know the status

2. Check on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO bid verification module. You can use it to check the status of Parth Electricals and Engineering Ltd. Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
• Application number
• PAN

Then click 'Submit' to know the allotment status.

How to Apply for Parth Electricals and Engineering IPO?

To apply for Parth Electricals and Engineering IPO:

• Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.