Parth Electricals and Engineering IPO opens today. Check all details before subscription
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
Parth Electricals and Engineering's IPO will open for subscription on Monday, August 4, aiming to raise Rs 49.72 crore through a completely fresh issue of 29.25 lakh shares. The bookbuilding IPO is priced in the band of Rs 160 to Rs 170 per share, with the grey market premium (GMP) currently hovering at Rs 22, indicating a potential listing price of around Rs 192.The IPO will close on Wednesday, August 6, and the allotment is expected to be finalized on Thursday, August 7. Shares are scheduled to list on the NSE SME platform on Monday, August 11.Retail investors are required to apply for a minimum of 1,600 shares, amounting to an investment of Rs 2.72 lakh.Horizon Management is acting as the lead manager to the issue, KFin Technologies is the registrar, and Shreni Shares Ltd is the market maker.Based in Vadodara, Parth Electricals and Engineering Ltd. manufactures and supplies a wide range of medium- and high-voltage electrical products, including switchgear panels, VCBs, CRPs, compact substations, and also undertakes turnkey execution of AIS and GIS substations up to 220 kV. Its clients include top-tier industrial giants like Aditya Birla Group, Ultratech Cement , Adani, L&T, RIL BHEL , and Siemens The company has shown strong financial growth with FY25 revenue doubling to Rs 176.2 crore and PAT rising 119% YoY to Rs 10.12 crore. The IPO proceeds will primarily be used for setting up new GIS manufacturing units in Gujarat and Odisha, repaying short-term borrowings, and general corporate purposes.With a strong client base, expansion plans, and a positive GMP trend, the IPO has attracted considerable investor interest, though retail participation will be watched closely given the steep minimum investment size.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
12 minutes ago
- India Today
Rs 67,000 crore plan approved to enhance operational capability of Armed forces
The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Tuesday approved proposals worth approximately Rs 67,000 crore to upgrade the operational capabilities of the Indian Armed Forces. The decisions cover key acquisitions and upgrades for the Army, Navy, and the Air Force, an official statement the Army, the DAC approved the procurement of Thermal Imager-based Night Sights for drivers of BMP infantry vehicles. This move is aimed at enhancing the nighttime mobility of mechanised infantry units, improving their operational effectiveness during low-visibility Navy will get a boost with the procurement of Compact Autonomous Surface Craft (CASC), which are designed for anti-submarine warfare. These unmanned vessels will boost the Navy's ability to detect, identify, and neutralise underwater threats. Additionally, the Navy will receive updated BrahMos missile fire control systems and launchers, along with an upgrade to the existing BARAK-1 missile system, improving its point defence a significant move to enhance air surveillance and defence, the Air Force will procure advanced Mountain Radars. These radars are designed to improve monitoring and threat detection along India's mountainous DAC also cleared the upgradation of the SAKSHAM/SPYDER weapon systems, allowing them to be integrated with the Integrated Air Command and Control System, thereby strengthening the overall air defence three services—Army, Navy, and Air Force—will benefit from the acquisition of Medium Altitude Long Endurance Remotely Piloted drones are capable of carrying multiple weapons and payloads, and can operate over long distances for extended durations. Their deployment will significantly enhance surveillance, reconnaissance, and combat readiness around the addition to new acquisitions, the DAC also approved long-term maintenance and support measures for critical existing systems. This includes support for the Air Force's C-17 and C-130J transport aircraft fleets, as well as a comprehensive annual maintenance contract for the S-400 long-range air defence missile the proposals fall under the 'Acceptance of Necessity' category, marking the first step in the procurement approvals reflect India's continued push towards enhancing self-reliance in defence and strengthening the capabilities of its armed forces across all domains.- Ends
Indian Express
12 minutes ago
- Indian Express
Gujarat's Keshod Airport to facilitate operations of larger AB-320 aircraft by January 2027: Govt
The Keshod Airport in Junagadh will be able to facilitate operations of AB-320 type aircraft by January 2027, the Ministry of Civil Aviation said on Tuesday in its response to an unstarred question by a Rajya Sabha MP from Andhra Pradesh. Parimal Nathwani, the Director of Corporate Affairs at Reliance Industries Limited, and a member of the upper house of Parliament from the YSRCP, on Tuesday asked a series of unstarred questions about the Keshod Airport that were answered by Murlidhar Mohol, the MoS for Civil Aviation. In his response to questions regarding infrastructure upgradation at the airport, Mohol, in a written reply, said: 'The Airports Authority of India (AAI) has undertaken the extension of the runway at Keshod Airport in Gujarat, to a length of 2500 metres to facilitate the operation of AB-320 type of aircraft. The estimated cost of the project is Rs 190.558 crore and the timeline for completion of the project has been set at 18 project is underway with no reported delays. The projected date of completion of the project is January 2027.' Replying to a question regarding the terminal building upgrade and its capacity, the ministry replied, 'The AAI has undertaken the development of Keshod Airport in Gujarat at an estimated cost of Rs 364 crore which includes the New Terminal Building at a cost of Rs 142.17 Crore. The new terminal building, spanning 6,500 square meters, is designed to handle a peak hour capacity of 400 departing and 400 arriving passengers simultaneously. The tender for construction of the new terminal building has been floated, and the timeline for completion of the project is 15 months from the date of the award of the work.' Talking about the reasons behind him asking these questions, Nathwani said, 'By upgrading Keshod Airport to allow operation of large-body aircraft, it will become easier for wildlife enthusiasts across the globe to travel to Gir National Park to see the only remaining Asiatic Lions in the world. At the same time, the Somnath temple owns a special place amongst the twelve jyotirlings, and Keshod Airport will facilitate devotees of Lord Shiva from India and abroad to visit this famous temple with much greater ease.' Other questions asked by Nathwani related to flights at the airport were available on the Rajya Sabha website. According to the site, in a response to questions on the current flight schedule at Keshod Airport, the ministry said, 'Presently, there are no scheduled flight operations from Keshod Airport.' Regarding flights cancelled since January 2025, the reply stated, 'Since January 2025, 29 flights of Alliance Air on Ahmedabad-Keshod-Diu sector and 23 flights of Alliance Air on the Mumbai-Keshod-Mumbai sector were cancelled due to aircraft issues.' Nathwani also wanted to know about the steps taken by the DGCA 'to bring back the lost confidence of people to fly subsequent to the tragic incident of plane crash in Ahmedabad'. 'Post the tragic crash in Ahmedabad, DGCA has ordered enhanced safety inspection of Air India's Boeing 787 fleet and carried out heightened surveillance across various regions in India to ensure safe operations of aircraft. DGCA has also issued General Safety Circular 01 of 2025 for a comprehensive special audit to assess the aviation ecosystem and strengthen aviation safety architecture. The government has reviewed the safety practices of all major airlines and airports,' the ministry replied.
Time of India
12 minutes ago
- Time of India
ChrysCapital gets CCI nod to acquire majority stake in bakery chain Theobroma
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Fair trade regulator Competition Commission on Tuesday cleared homegrown private equity major ChrysCapital 's proposal to acquire a majority stake in Mumbai-based bakery chain ChrysCapital is acquiring the stake in Theobroma through its affiliates, Infinity Partners, Aqua Investments Ltd and Atreides Investments BV."The proposed combination relates to the acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd (Theobroma) by Infinity Partners, Aqua Investments Limited and Atreides Investments BV," the Competition Commission of India (CCI) said in a is engaged in the business of manufacturing and sale of bakery and confectionery products, food and beverages through its patisseries and stores present in over 30 cities in India and via its online platform and other online sales channels."CCI approves acquisition of certain equity shareholding of Theobroma Foods Pvt Ltd by Infinity Partners, Aqua Investments Ltd and Atreides Investments BV," the regulator said in a post on to reports, ChrysCapital is set to acquire a 90 per cent stake in Theobroma Foods for an estimated Rs 2,410 signed a deal to acquire a majority stake in Theobroma from its promoters and the current existing investor ICICI Venture , as per reports. However, the founders will retain around 10 per cent holding in the Venture owns nearly a 42 per cent stake in Theobroma. It had invested nearly USD 20 million in was founded in 2004 by sisters Kainaz Messman Harchandrai and Tina Messman beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace.
