Parth Electricals & Engineering Ltd IPO
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Parth Electricals & Engineering Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 29.25 L | TBA | ₹ 9.49 L | ₹ 85.51 L | NSE | ₹ 49.72 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 04 Aug, 25 | 06 Aug, 25 | 800 | ₹ 1,28,000 | Book Building - SME | 11 Aug, 25 |
Parth Electricals & Engineering Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Electric Equipment |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 7.06x | 1353600 | 9558400 |
| NII | 44.28x | 407200 | 18032800 |
| Retail | 20.28x | 948800 | 19240000 |
| Employee | 0.87x | 68800 | 60000 |
| Total | 16.03x | 2924800 | 46891200 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Parth Electricals & Engineering Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 15.34 | 7.71 | 3.47 |
| EBITDA | 17.12 | 9.26 | 4.18 |
| PAT | 10.12 | 4.61 | 2.45 |
| Total Assets | 75.03 | 46.05 | 40.17 |
| Share Capital | 10.02 | 1.25 | 0.95 |
| Total Borrowings | 40.89 | 18.88 | 10.81 |
| Operating Activities (Net Cash) | 11.90 | 6.16 | 3.16 |
| Investing Activities (Net Cash) | -5.24 | 0.80 | 0.54 |
| Financing Activities (Net Cash) | 40.89 | 18.88 | 10.81 |
| Net Cashflow | 27.37 | 7.78 | 1.95 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Parth Electricals & Engineering Ltd
Parth Electricals & Engineering Limited (the Company or the Issuer) was incorporated on May 4, 2007 as a private limited company under the name and style of `Parth Electricals & Engineering Private Limited', under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 4, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Our Company was converted into a public limited company pursuant to a resolution passed by our Board of Directors in its meeting held on September 24, 2024, and by the Shareholders in an extraordinary general meeting held on September 28, 2024 and consequently the name of our Company was changed to `Parth Electricals & Engineering Limited' and a fresh certificate of incorporation dated November 14, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Global GDP is estimated to grow 3.0% in 2023 and 2024 amid concerns over the Russia-Ukraine conflict, elevated inflation and stress in the US financial sector. As per the International Monetary Fund's (IMF) July 2023 update, global gross domestic product (GDP) growth is expected to moderate from 3.5% in 2022 to 3.0% in 2023 and 2024. India is expected to grow faster than China in 2023 and 2024 and its GDP is expected to grow 6.1% in 2023 and 6.3% in 2024 as per the IMF forecast. 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. India's power sector is undergoing a swift transformation, spurred by factors such as population growth, escalating energy demands, and the burgeoning industrial sector. Over the past decade, there has been a notable shift in India's electricity generation mixes towards natural gas and renewable energy sources.
Mr. Jigneshkumar Gordhanbhai Patel started his business as proprietorship firm in 2005, which was converted into a private limited company i.e. Parth Electricals & Engineering Private Limited (the Company) in 2007, with a vision to be the preferred, well known, reliable, and quality supplier & service provider to our customers. The Company has a dedicated team of engineers who are engaged in designing and developing advanced designs which enable our Company to manufacture Electrical Panels, RMUs & CSS for power distribution ranging from 415 V to 33KV & Protection Relay Control Panels ranging from 33KV to 132KV.
Peer Comparison:
- Supreme Power Equipment Ltd
- Shivalic Power Control Ltd
- RMC Switchgears Ltd
Parth Electricals & Engineering Ltd IPO Key Points
Strengths
- Ensuring Excellence Through Rigorous Quality Control Processes.
- Strategic Tie Ups for Direct Billing.
- Marketing network.
- One of the few organized players in electrical power distribution segment with: Approvals from utilities across India. End to end solutions (supply as well as O&M services).
- Focus on provided timely specialized trainings such as: Training for MV, HV & EHV Cable accessories in Pfisterer Training Center in Altdort, Switzerland in 2019. Training for handling HV GIS for Installation, Testing and Commissioning in China in 2016.
Risk
- Its commercial success is largely dependent upon the company ability to develop and design innovative products suitable for the requirements of the company customers. Its inability to effectively utilize and manage our ability to develop and design innovative products would impact the company business, revenue and profitability.
- The Company is reliant on the demand from the electrical industry for a significant portion of its revenue. Any downturn in the power generation and distribution industry or an inability to increase or effectively manage the company sales or increasing competition could have an adverse impact on the Company's business and results of operations.
- The commercial success of its products depends to a large extent on the success of the expansion and consumption of electricity in the territories that the company operates in.
Strategy
- Capital investment for setting up additional new manufacturing facilities in Vadodara, Gujarat and Odisha with a Skill Development and Training Center in the existing manufacturing facility at Manjusar, Vadodara, Gujarat.
- Focus on Exports.
- Introduce Value added Products.
- Contribution through Services to be increased through concerted action.
- Sustainability through Refurbishment.
- Ensuring Excellence Through Rigorous Quality Control Processes.
- Strategic Tie Ups for Direct Billing.
- Marketing network.
- One of the few organized players in electrical power distribution segment with: Approvals from utilities across India. End to end solutions (supply as well as O&M services).
- Focus on provided timely specialized trainings such as: Training for MV, HV & EHV Cable accessories in Pfisterer Training Center in Altdort, Switzerland in 2019. Training for handling HV GIS for Installation, Testing and Commissioning in China in 2016.
How To Apply for Parth Electricals & Engineering Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
