Parth Electricals IPO 2025: Date, Review, Price, Allotment Details
The Parth Electricals IPO, an NSE SME IPO from Vadodara-based Parth Electricals & Engineering Limited, is set to open on August 4, 2025, and close on August 6, 2025, aiming to raise ₹75 crores. With a price band of ₹195 to ₹205 per share, this IPO targets investors interested in the electrical equipment and power transmission sector. As of July 25, 2025, the grey market premium (GMP) has not started, awaiting further IPO announcements. This article provides a comprehensive overview of the Parth Electricals IPO, including key dates, price details, financial performance, review, and allotment process to guide investors.
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Parth Electricals IPO Details
The Parth Electricals IPO is a book-built issue comprising a fresh issue of 36.59 lakh equity shares (₹75 crores) with a face value of ₹10 per share. Below are the key details based on the Draft Red Herring Prospectus (DRHP) and recent updates:
| Particulars | Details |
|---|---|
| IPO Open Date | August 4, 2025 |
| IPO Close Date | August 6, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹195 to ₹205 per share |
| Issue Size | Approx. ₹75 crores (36.59 lakh shares) |
| Fresh Issue | Approx. ₹75 crores (36.59 lakh shares) |
| Offer for Sale | Nil |
| Lot Size | 600 shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
| Anchor Investors List | Click Here |
| Book Running Lead Manager | Horizon Management Private Limited |
| Registrar | KFin Technologies Limited |
The IPO allocates 50% to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 35% to Retail Individual Investors (RIIs), with a market maker reservation of 1.83 lakh shares. The minimum investment for retail investors is ₹1,23,000 (600 shares at ₹205).
Parth Electricals IPO Market Lot
The Parth Electricals IPO minimum market lot is 600 shares with a ₹1,23,000 application amount at the upper price band. Retail investors can apply for up to 1 lot due to the ₹2 lakh cap, while HNIs have higher minimums.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹1,23,000 |
| Retail Maximum | 1 | 600 | ₹1,23,000 |
| S-HNI Minimum | 2 | 1,200 | ₹2,46,000 |
| B-HNI Minimum | 5 | 3,000 | ₹6,15,000 |
Note: The original document’s market lot table contained placeholders; values are updated based on a 600-share lot size and ₹205 upper price band, aligned with web sources.
Parth Electricals IPO Dates
The key dates for the Parth Electricals IPO are as follows:
| Event | Date |
|---|---|
| IPO Open Date | August 4, 2025 |
| IPO Close Date | August 6, 2025 |
| Basis of Allotment | August 7, 2025 |
| Refunds | August 8, 2025 |
| Credit to Demat Account | August 8, 2025 |
| IPO Listing Date | August 11, 2025 |
Investors can track subscription status on the NSE or the registrar’s portal (KFin Technologies) during the subscription period.
Promoters of Parth Electricals IPO
The promoters of the company are Jigneshkumar Gordhanbhai Patel and Jemini Jigneshkumar Patel.
About Parth Electricals IPO
Established in May 2007, Parth Electricals & Engineering Limited, headquartered in Vadodara, Gujarat, is a manufacturer and service provider in the electrical power transmission and distribution sector. The company specializes in electrical equipment, including Medium Voltage (MV) switchgear panels, Vacuum Circuit Breaker (VCB) panels, Earth Link Boxes, Control and Relay Panels (CRP), and Compact Substations (CSS). It also provides turnkey services for Air Insulated Substations (AIS) and Gas Insulated Substations (GIS) up to 220kV, alongside High Voltage (HV) and Extra High Voltage (EHV) cable laying projects. Its clientele includes major corporates like Aditya Birla, Ultratech Cement, L&T, Reliance Industries, Adani, Tata Power, Schneider Electric, BHEL, Siemens, and Jindal Steel & Power. The company operates a manufacturing facility in Manjusar, Vadodara, and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health management. As of FY25, it reported revenue of ₹176.20 crores and a profit after tax of ₹10.12 crores, reflecting robust growth.
Parth Electricals IPO Company Financial Report
Parth Electricals has demonstrated strong revenue and profit growth, driven by its expansion in the electrical equipment and services sector. Below is a summary of its financial performance:
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 65.70 | 62.94 | 2.45 | 50.70 |
| 2024 | 87.17 | 81.00 | 4.61 | 66.53 |
| 2025 | 176.20 | 162.64 | 10.12 | 106.76 |
Revenue grew by 102.13% from FY24 to FY25, with PAT increasing by 119.52%, showcasing strong operational performance.
Parth Electricals IPO Valuation – FY2025
Key valuation metrics for Parth Electricals IPO based on FY25 financials are as follows:
| KPI | Values |
|---|---|
| ROE | 24.92% |
| ROCE | 23.38% |
| EBITDA Margin | 10.04% |
| PAT Margin | 5.79% |
| Debt to Equity Ratio | 0.82 |
| Earning Per Share (EPS) | ₹10.27 (Basic) |
| Price/Earning P/E Ratio | 19.96 (at ₹205) |
| Return on Net Worth (RoNW) | 24.92% |
| Net Asset Value (NAV) | ₹41.20 |
The P/E ratio is calculated based on FY25 EPS and the upper price band, indicating a reasonable valuation compared to peers.
Peer Group Comparison
Parth Electricals compares favorably with peers in the electrical equipment and power transmission sector:
| Company | EPS | PE Ratio | RoNW % | NAV | Income (₹ Cr) |
|---|---|---|---|---|---|
| Supreme Power Equipment Limited | 7.44 | 29.43 | 20.46 | 37.01 | 148.72 |
| Shivalic Power Control Limited | 5.50 | 21.58 | 11.00 | 46.81 | 132.36 |
| RMC Switchgears Limited | 30.30 | 28.21 | 29.41 | 101.39 | 318.16 |
Parth Electricals’ RoNW (24.92%) and EPS (₹10.27) are competitive, though its revenue is lower than RMC Switchgears.
Objects of the Issue
The net proceeds from the fresh issue will be used for:
- Establishing a Gas Insulated Substation (GIS) manufacturing facility in Ahmedabad, Gujarat.
- Setting up a manufacturing facility in Odisha.
- Repayment of short-term borrowings.
- General corporate purposes.
Parth Electricals IPO Review
The Parth Electricals IPO, opening August 4, 2025, has generated interest, as highlighted by X posts announcing its launch. The ₹75 crore issue, entirely a fresh issue, is priced at ₹195–₹205, with a 35% retail quota, appealing to SME IPO investors. Parth Electricals is a niche player in the electrical power transmission sector, manufacturing MV switchgear, VCB panels, and substations, with a client base including Adani, Tata Power, and Siemens. Its FY25 financials show a 102.13% revenue jump to ₹176.20 crores and a 119.52% PAT increase to ₹10.12 crores, with a 24.92% RoNW and 0.82 debt-to-equity ratio, indicating financial stability. For the six months ended September 2024, it reported ₹139.80 crores revenue and ₹8.24 crores PAT, suggesting sustained growth. India’s power sector is projected to grow with a 9% CAGR through 2030, driven by infrastructure and renewable energy demand, supporting long-term potential. However, the GMP has not started as of July 25, 2025, making listing gain estimates uncertain, and the high QIB allocation (50%) may reduce retail allotments if oversubscribed. The P/E ratio of 19.96 (at ₹205) is lower than peers like Supreme Power (29.43), suggesting reasonable valuation, but limited broker reviews (e.g., Hem Securities’ neutral stance) call for caution.
Recommendation: Suitable for long-term investors with moderate risk tolerance, given strong fundamentals and sector growth. Short-term investors should await GMP trends and subscription data. Consult a financial advisor before investing.
Parth Electricals IPO Registrar
KFin Technologies Limited
Phone: +91-40-6716-2222
Email: peel.ipo@kfintechs.in
Website: https://kosmic.kfintech.com/ipostatus/[](https://www.chittorgarh.com/ipo/parth-electricals-engineering-ipo/2255/)
IPO Lead Managers aka Merchant Bankers
Company Address
Parth Electricals & Engineering Ltd.
303, Riddhi-Siddhi Elanza,
Near Dominos, Subhanpura,
Vadodara, Gujarat, 390023
Phone: +91-265-2291922
Email: cs@parthelectricals.in
Website: https://www.parthelectricals.in/[](https://www.chittorgarh.com/ipo/parth-electricals-engineering-ipo/2255/)
Parth Electricals IPO FAQs
What is Parth Electricals IPO?
Parth Electricals IPO is an NSE SME IPO to raise ₹75 crores via a fresh issue of 36.59 lakh shares. The issue is priced at ₹195 to ₹205 per share and will list on NSE SME.
When will Parth Electricals IPO open for subscription?
The IPO opens on August 4, 2025, and closes on August 6, 2025.
What is Parth Electricals IPO Investors Portion?
The investors’ portion is 50% for QIB, 15% for NII, and 35% for Retail.
How to Apply for the Parth Electricals IPO?
Apply via ASBA online through your bank account or UPI through stock brokers like Zerodha or Upstox. Alternatively, fill an offline IPO form and submit it to your broker.
What is Parth Electricals IPO Issue Size?
The issue size is ₹75 crores, comprising a fresh issue of ₹75 crores.
What is Parth Electricals IPO Price Band?
The price band is ₹195 to ₹205 per share.
What is Parth Electricals IPO Lot Size?
The minimum lot size is 600 shares, with a ₹1,23,000 application amount at the upper price band.
What is the Parth Electricals IPO Allotment Date?
The allotment date is August 7, 2025.
What is the Parth Electricals IPO Listing Date?
The listing date is August 11, 2025, on NSE SME.
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