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Parth Electricals IPO
Price Band
₹160.0–170.0
Issue Size
₹49.67 Cr
Lot Size
800 shares
Min Investment
₹272,000
2 LOTS MIN
GMP
+₹6.0 (3.53%)
Issue Price
₹170.0
Subject to Sauda
₹3600
Paid only if allotted
Parth Electricals IPO AI Summary
- Parth Electricals IPO is listed on NSE SME in the Other Electrical Equipment sector.
- Price band: ₹160.0–₹170.0 per share, lot size 800 shares (min. investment ₹272,000, 2 lots minimum).
- Subscription window: 04 Aug–06 Aug 2025, listing on 11 Aug 2025.
- Current GMP is +₹6.0 (3.53%), an estimated listing price of ₹176 — unofficial and can change daily.
Parth Electricals and Engineering Limited is an emerging player in the electrical equipment manufacturing sector, with a strong growth trajectory in revenue and profitability. The IPO aims to raise funds for expanding manufacturing capabilities and reducing debt, with a competitive valuation compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Parth Electricals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Aug 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Parth Electricals IPO Grey Market Premium (GMP) Today
GMP
+₹6.0
GMP %
+3.53%
Est. Listing
₹176.0
Updated: 25 Jul 2026 14:13
About the Company
Established in May 2007, Parth Electricals and Engineering Limited is a service-oriented firm evolved into a manufacturing entity specializing in electrical equipment. The company offers products such as Medium Voltage (MV) switchgear panels, Vacuum Circuit Breaker (VCB) panels, Earth Link Boxes, Control and Relay Panels (CRP), and Compact Substations (CSS). It also offers installation, testing, commissioning, and turnkey execution for Air Insulated Substations (AIS) and Gas Insulated Substations (GIS) up to 220kV, along with High Voltage (HV) and Extra High Voltage (EHV) cable laying projects. The company's Clientele includes Aditya Birla, Ultratech Cement, L&T, RIL, Adani, Tata Power, Schneider Electric, BHEL, Tata Steel, Siemens, GFL, Jindal Steel & Power and many more. The company's manufacturing facility is situated in Manjusar, Vadodara. The company is ISO 9001:2015, 14001, and 45001 certified, reflecting its commitment to quality management, environmental management, and occupational health and safety standards. The company has served various industries, including power distribution, infrastructure, and industrial manufacturing. It has worked with leading clients like ABB, Reliance, and other major corporations. The company has expanded its operations globally, exporting products and services to international markets. Competitive Strength: Ensuring Excellence Through Rigorous Quality Control Processes. Strategic Tie Ups for Direct Billing. Enhance operations by increasing our customer base through marketing.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 106.76 | 66.53 | 50.70 |
| Total Income | 176.20 | 87.17 | 65.70 |
| Profit After Tax | 10.12 | 4.61 | 2.45 |
| EBITDA | 17.53 | 9.05 | 4.31 |
| NET Worth | 40.59 | 14.50 | 9.58 |
| Reserves and Surplus | 30.57 | 13.25 | 8.64 |
| Total Borrowing | 33.33 | 15.84 | 8.43 |
Key Ratios
EPS
₹9.42
NAV
₹41.20
ROE
24.92%
ROCE
23.38%
RoNW
24.92%
P/B Value
4.13
P/E Ratio
18.05
Market Cap
₹232.36 Cr
PAT Margin
5.79%
Debt/Equity
0.82
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| RMC Switchgears | 101.39 | 29.41% | 28.21 | 30.3 |
| Shivalic Power Control | 46.81 | 11% | 21.58 | 5.5 |
| Supreme Power Equipment | 37.01 | 20.46% | 29.43 | 7.44 |
| Parth Electricals and Engineering This IPO | 41.2 | 24.92% | — | 10.27 |
Promoters
Jigneshkumar Gordhanbhai Patel and Jemini Jigneshkumar Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Establishing GIS manufacturing facility in Gujarat 20.00 2 Establishing manufacturing facility in Odisha 19.00 3 Repayment of Short Term Borrowings 15.00 4 General Corporate Purposes 1.79 5 Issue Expenses 6.20 Total 61.99
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Revenue was ₹65.70 Cr in the year ending 31 Mar 2023, rising to ₹87.17 Cr by 31 Mar 2024, and further increasing to ₹176.20 Cr by 31 Mar 2025. This shows a significant growth trend in total income over the periods.
Profit Trend
Profit After Tax was ₹2.45 Cr in the year ending 31 Mar 2023, increasing to ₹4.61 Cr by 31 Mar 2024, and reaching ₹10.12 Cr by 31 Mar 2025. This indicates a positive trajectory in profitability across the reported periods.
Valuation
The company's implied P/E ratio at the issue price is 18.05, compared to peers trading at P/E ratios ranging from 21.58 to 29.43.
Key Risks
Potential risks include reliance on key clients, fluctuations in demand for electrical equipment, and economic conditions affecting the infrastructure sector.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the difference between the issue price and the expected market price on listing day, based on demand and supply dynamics in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions.
Who May Want to Wait
Risk-averse investors or those who prefer stable returns may want to consider avoiding IPOs that involve higher volatility and uncertainty.
IPO Timeline, Explained
The IPO will open for subscription on 4th August 2025 and close on 6th August 2025. Allotment of shares will be on 7th August 2025, with the listing expected on 11th August 2025.
Listing Gains — The Risk
Listing gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock. Investors should be prepared for the possibility of price fluctuations on the listing day.
This evaluation is generated from Parth Electricals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Parth Electricals IPO GMP today?
Parth Electricals IPO GMP today is +₹6.0 (3.53%), indicating an estimated listing price of ₹176. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Parth Electricals IPO?
The price band of Parth Electricals IPO is ₹160.0–₹170.0 per share.
When does Parth Electricals IPO open and close?
Parth Electricals IPO opens on 04 August 2025 and closes on 06 August 2025.
When does Parth Electricals IPO list on the stock exchange?
Parth Electricals IPO listed on 11 August 2025 at ₹176.0.
What is the lot size for Parth Electricals IPO?
The lot size for Parth Electricals IPO is 800 shares, requiring a minimum investment of ₹272,000 (2 lots).
What is the price band for the Parth Electricals IPO?
The price band for the IPO is ₹160.0 to ₹170.0.
What is the minimum investment required?
The minimum investment required is ₹272,000.
What is the lot size for the IPO?
The lot size for the IPO is 800 shares.
When is the listing date for the IPO?
The listing date for the IPO is 11th August 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the stock in the grey market before it officially lists.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Aug 2025
Close
06 Aug 2025
Allotment
07 Aug 2025
Listing
11 Aug 2025
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