Parth Electricals & Engineering Ltd IPOPARTH

The IPO opens on 04 Aug 2025 & closes on 06 Aug 2025.

Parth Electricals & Engineering Limited was incorporated on May 4, 2007 as a private limited company under the name and style of Parth Electricals & Engineering Private Limited', dated May 4, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Company was converted into a public limited company and the Company name 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. At present, the Company is engaged in manufacturing of electric switch gear equipments, distributions of such products, providing services and undertaking the project work. Mr. Jigneshkumar Gordhanbhai Patel started his business as proprietorship firm in 2005. In the initial years, the Company was focused on providing services into Power Distribution and Transmission Sector by implementing solutions for the clients based on their requirements. During the process of implementation, Company came across numerous challenges on the ground relating to design of products, size of the products, challenges faced in civil work around the product and several others. Gradually, the first manufacturing set up was implemented to manufacture MV panels by the company in Gujarat in 2009. The Company has advanced manufacturing facilities with additional CNC Machines, robotic welding machine, automated controls to maintain quality and productivity, ensuring rigorous quality control and safety throughout the production process. In 2016, Company trained its Manufacturing team in China for handling high-voltage (HV) GIS for Installation, Testing and Commissioning. It also signed a Technology Transfer agreement with Schneider Electric Industries SAS for manufacturing RMUs and CSS/PSS under Make in India. In 2017, Company further trained its services team on HV cable and cable termination & joints in Pfisterer GmbH, Switzerland. In 2025, Company has expanded the facility with additional CNC Machines, robotic welding machine and additional shopfloor space . Company made a public issue by raising Rs 49.67 Cr and issuing 29,24,800 equity shares of Rs 10/- each through fresh Issue in August, 2025.

Parth Electricals & Engineering Ltd IPO will close on 06 Aug 2025.

<ul><li>Ensuring Excellence Through Rigorous Quality Control Processes.</li><li>Strategic Tie Ups for Direct Billing.</li><li>Marketing network.</li><li>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).</li><li>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. </li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Jigneshkumar Gordhanbhai Patel</td> <td>7151377</td> <td>66.57</td> <td>7151377</td> <td>52.32</td> </tr> <tr> <td>2</td> <td>Jemini Jigneshkumar Patel</td> <td>1400000</td> <td>13.03</td> <td>1400000</td> <td>10.24</td> </tr> </tbody> </table>

<ul><li>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.</li><li>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.</li><li>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.</li><li>The company depends on a few customers of its products and services, for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company business and results of operations.</li><li>We generate our major portion of sales from our operations in certain geographical regions. Any adverse developments affecting our operations in these regions could have an adverse impact on our revenue and results of operations.</li><li>Our major sales revenue is coming from single product, i.e. Ring Main Unit (RMU), which is more that 50% of our total sales. The management is making consistent efforts in producing and selling other products like PSS, MV Panels, Metering Panels, CRP and Earthlink Box etc.</li><li>Our Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.</li><li>We highly depend on our key raw material and a few key suppliers who help us procure the same. Our Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event we are unable to procure adequate amounts of raw materials, at competitive prices our business, results of operations and financial condition may be adversely affected.</li><li>We also provide our products and our services to various public sector units and undertakings which exposes us to risks inherent in doing business with them and may adversely affect our business, results of operations and financial condition.</li><li>Our failure to perform in accordance with the standards prescribed in work order of our client could result in loss of business or payment of liquidated damages and any delay in the schedule of our under-construction projects may be subject to cost overruns and can impact our reputation and future projects.</li><li>Risks inherent to power sector projects could materially and adversely affect our business, financial condition and results of operations.</li><li>We typically do not have firm commitment with our customers. If our customers choose not to source their requirements from us, there may be a material adverse effect on our business, financial condition, cash flows and results of operations.</li><li>There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.</li><li>The Company engages with consultants and professional advisors from time to time and undertakes actions on the basis of their views from time to time. Any deficiency in their views, and a consequent action of the Company pursuant thereto, may have adverse impact on our business, financial condition and results of operations.</li><li>Our continued operations are critical to our business and any shutdown of our manufacturing unit may adversely affect our business, results of operations and financial condition.</li><li>Any failure in our quality control processes may adversely affect our business, results of operations and financial condition. We may face product liability claims and legal proceedings if the quality of our products does not meet our customers' expectations.</li><li>Under-utilization of our manufacturing capacities may have an adverse effect on our business, future prospects and future financial performance.</li><li>In the event our marketing initiatives do not yield intended results our business and results of operations may be adversely affected.</li><li>Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of our Company's profits, thereby affecting our operation and financial condition.</li><li>Our inability to effectively manage our growth or to successfully implement our business plan and growth strategy could adversely affect our business, results of operations and financial condition.</li><li>Our Company requires significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.</li><li>If our Company is unable to protect its intellectual property, or if our Company infringes on the intellectual property rights of others, our business may be adversely affected.</li><li>If we fail to keep our technical knowledge and process know-how confidential, we may suffer a loss of our competitive advantage.</li><li>Any loss of technology transfer agreements could adversely affect our business operations.</li><li>We are dependent on technology systems in carrying out our business activities and it forms an integral part of our business. Further, if we are unable to adapt to technological changes and successfully implement new technologies or if we face failure of our technology systems, we may not be able to compete effectively which may result in higher costs and would adversely affect our business and results of operations.</li><li>Our Company has issued Equity Shares in the last one year at a price which may be lower that the Issue Price.</li><li>Our manufacturing unit and Registered Office are currently located in one geographical area. The loss of, or shutdown of or disruption in operations of our offices and unit will adversely affect our business, financial condition and results of operations.</li><li>We may be unable to grow our business in additional products, additional geographic regions or international markets, which may adversely affect our business prospects and results of operations.</li><li>We do not own certain premises used by our Company. Disruption of our rights as licensee/ lessee or termination of the agreements with our licensors/ lessors would adversely impact our manufacturing operations and, consequently, our business.</li><li>If we are not able to obtain, renew or maintain our statutory and regulatory licenses, registrations and approvals required to operate our business, it may have a material adverse effect on our business, results of operations and financial condition.</li><li>Our Company does not have a fire NOC for the manufacturing facility and if we are unable to obtain it, our business, results of operations and financial condition may be adversely affected.</li><li>We use flammable substances at our manufacturing facility and any untoward incident with respect to such substances may lead to significant damage and suspension of production.</li><li>If we are unable to identify customer demand accurately and maintain an optimal supply of raw material and skilled labour, our business, results of operations and financial condition may be adversely affected.</li><li>We have significant power requirements for continuous running of our manufacturing unit. Any disruption to our operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on our business, results of operations and financial condition.</li><li>We operate in a competitive business environment and our inability to compete effectively may adversely affect our business, results of operations, financial condition and cash flows.</li><li>Our Promoters, Directors, Senior Management and Key Managerial Personnel have interests in our Company other than reimbursement of expenses incurred or normal remuneration or benefits.</li><li>Our Promoters have extended personal guarantees with respect to loan facilities availed by our Company. Further, one of our Promoters have extended personal properties as collateral for securing the facilities availed by our Company. Revocation of any or all of these personal guarantees or withdrawal of such properties may adversely affect our business operations and financial condition.</li><li>Our Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct our business and affairs; their interests may conflict with your interests as a shareholder.</li><li>The average cost of acquisition of Equity Shares held by our Promoters could be lower than the Issue Price.</li><li>Our future fund requirements, in the form of further issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.</li><li>We have certain contingent liabilities and our financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.</li><li>We have in past entered into related party transactions and we may continue to do so in the future.</li><li>Our agreements with lenders for financial arrangements contain covenants for certain requirements and if we are unable to comply with those, it might affect our business and operations, restrict our scope of activities and impede our growth plans.</li><li>In addition to our existing indebtedness for our existing operations, we may incur further indebtedness during the course of business. We cannot assure that we would be able to service our existing and/ or additional indebtedness.</li><li>Our ability to access capital at attractive costs depends on our credit ratings.</li><li>We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Further, we have not identified any alternate source of financing the ¤bjects of the Issue'. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.</li><li>Our success largely depends upon the knowledge and experience of our Promoters, Directors and our Key Managerial Personnel. Loss of any of our Directors and key managerial personnel or our ability to attract and retain them could adversely affect our business, operations and financial condition.</li><li>Our success depends upon our ability to hire, train and retain skilled employees.</li><li>Disputes with employees may lead to an impact on the Company's business and operations.</li><li>Our inability to procure and/or maintain adequate insurance cover in connection with our business may adversely affect our operations and profitability.</li><li>Our ability to pay dividends in the future may be affected by any material adverse effect on our future earnings, financial condition or cash flows.</li><li>The deployment of funds is at our discretion and as per the details mentioned in the chapter titled "Objects of the Issue".</li><li>We have not independently verified certain data in this Draft Red Herring Prospectus.</li><li>The requirements of being a listed company may strain our resources.</li><li>Delay in raising funds from the IPO could adversely impact the implementation schedule.</li><li>The Equity Shares may not continue to be listed on the Stock Exchange.</li><li>Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Draft Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.</li><li>The price of the Equity Shares may be volatile, which could result in substantial losses for investors acquiring the Equity Shares in the Issue.</li><li>Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.</li><li>The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.</li><li>If our Company does not receive the minimum subscription of 90% of the Fresh Issue, the Issue may fail.</li><li>Pursuant to listing of the Equity Shares, we may be subject to pre-emptive surveillance measures like Additional Surveillance Measure ("ASM") and Graded Surveillance Measures ("GSM") by the Stock Exchange in order to enhance market integrity and safeguard the interest of investors.</li><li>The Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.</li><li>Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by our Company may dilute your shareholding and may adversely affect the trading price of the Equity Shares.</li><li>Sale of Equity Shares by our Promoters or members of our Promoter Group or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.</li><li>Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may adversely affect the value of our Equity Shares, independent of our operating results.</li><li>Under Indian law, foreign investors are subject to investment restrictions that limit our ability to attract foreign investors, which may adversely affect the trading price of the Equity Shares.</li><li>QIB and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.</li><li>The current market price of some securities listed pursuant to certain previous issues managed by the BRLM is below their respective issue prices.</li><li>There is no existing market for our Equity Shares, and we do not know if one will develop to provide you with adequate liquidity. Further, an active trading market for the Equity Shares may not develop and the price of the Equity Shares may be volatile.</li><li>The price of the Equity Shares may be highly volatile after the Issue.</li><li>You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase in the Issue.</li><li>There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.</li><li>The Equity Shares issued pursuant to the Issue may not be listed in a timely manner, or at all.</li><li>Its major sales revenue is coming from single product, i.e. Ring Main Unit (RMU), which is more that 50% of the company total sales. The management is making consistent efforts in producing and selling other products like PSS, MV Panels, Metering Panels, CRP and Earthlink Box etc.</li><li>The company generate its major portion of sales from its operations in certain geographical regions. Any adverse developments affecting the company operations in these regions could have an adverse impact on its revenue and results of operations.</li><li>Any loss of technology transfer agreements could adversely affect its business operations.</li><li>The Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact its growth and business.</li><li>The company highly depends on its key raw material and a few key suppliers who help us procure the same. The Company has not entered into long-term agreements with its suppliers for supply of raw materials. In the event the company is unable to procure adequate amounts of raw materials, at competitive prices its business, results of operations and financial condition may be adversely affected.</li><li>The company also provide its products and the company services to various public sector units and undertakings which exposes it to risks inherent in doing business with them and may adversely affect its business, results of operations and financial condition.</li><li>The Company has issued Equity Shares in the last one year at a price which may be lower than the Issue Price.</li><li>The company failures to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of the company under-construction projects may be subject to cost overruns and can impact its reputation and future projects.</li><li>Risks inherent to power sector projects could materially and adversely affect its business, financial condition and results of operations.</li><li>The company typically does not have firm commitment with its customers. If the company customers choose not to source their requirements from it, there may be a material adverse effect on its business, financial condition, cash flows and results of operations.</li><li>The Company is a party to certain material litigations which may have an adverse impact on the Company, business or operations.</li><li>There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.</li><li>The Company engages with consultants and professional advisors from time to time and undertakes actions on the basis of their views from time to time. Any deficiency in their views, and a consequent action of the Company pursuant thereto, may have adverse impact on its business, financial condition and results of operations.</li><li>Its inability to seek compensation from suppliers for defective components or raw materials may lead to adverse impact on the company business, financial condition, and results of operations.</li><li>Its continued operations are critical to the company business and any shutdown of its manufacturing unit may adversely affect the company business, results of operations and financial condition.</li><li>Any failures in its quality control processes may adversely affect the business, results of operations and financial condition. The company may faces product liability claims and legal proceedings if the quality of its products does not meet the company customers' expectations.</li><li>Under-utilization of its manufacturing capacities may have an adverse effect on the company business, future prospects and future financial performance.</li><li>In the event its marketing initiatives do not yield intended results the company business and results of operations may be adversely affected.</li><li>Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.</li><li>Its inability to effectively manage the company growth or to successfully implement its business plan and growth strategy could adversely affect the company business, results of operations and financial condition.</li><li>The Company requires significant amount of working capital for a continuing growth. Its inability to meet the company working capital requirements may adversely affect its results of operations.</li><li>If the Company is unable to protect its intellectual property, or if the Company infringes on the intellectual property rights of others, its business may be adversely affected.</li><li>If the company fails to keep its technical knowledge and process know-how confidential, the company may suffer a loss of its competitive advantage.</li><li>Negative publicity, failures to maintain and enhance awareness of brand, or any damage to the reputation of the Company and could have a material adverse effect on its business and prospects.</li><li>The company is dependent on technology systems in carrying out its business activities and it forms an integral part of the company business. Further, if the company is unable to adapt to technological changes and successfully implement new technologies or if the company faces failures of its technology systems, the company may not be able to compete effectively which may result in higher costs and would adversely affect its business and results of operations.</li><li>Its manufacturing unit and Registered Office are currently located in one geographical area. The loss of, or shutdown of or disruption in operations of the company offices and unit will adversely affect its business, financial condition and results of operations.</li><li>The Company outsources certain operations and issues with the outsourcing of such operations may adversely affect its business, financial condition and results of operations.</li><li>The company depends on parties for the transportation and timely delivery of products to customers and any delays, deficiencies or issues at the end of such transportation services providers may have an adverse impact on its business, result of operations, reputation, and prospects.</li><li>The proposed plans relating to setting up a manufacturing facility on industrial land are subject to the risk of unanticipated delays in obtaining approvals, implementation and cost overruns.</li><li>The proposed capacity expansion plans via the new manufacturing facilities are subject to the risk of unanticipated delays in implementation and cost overruns.</li><li>The coronavirus pandemic ("COVID-19") has had an adverse effect on the business of the Company and any force majeure event may have a material adverse effect on its business, financial condition and results of operations.</li><li>Its may be unable to grow the company business in additional products, additional geographic regions or international markets, which may adversely affect its business prospects and results of operations.</li><li>The company does not own certain premises used by the Company. Disruption of its rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact the company manufacturing operations and, consequently, its business.</li><li>If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company business, results of operations and financial condition.</li><li>The Company does not have a fire NOC for the manufacturing facility and if the company is unable to obtain it, its business, results of operations and financial condition may be adversely affected.</li><li>The company use flammable substances at its manufacturing facility and any untoward incident with respect to such substances may lead to significant damage and suspension of production.</li><li>If the company is unable to identify customer demand accurately and maintain an optimal supply of raw material and skilled labour, its business, results of operations and financial condition may be adversely affected.</li><li>The Company is subject to increasingly stringent environmental, health and safety laws, regulations and standards in India and abroad, which may its ability to comply, increase cost of compliance, lead to penalties or restrictions on operations, and may have a material adverse impact on the company business, result of operations, reputation, and prospects.</li><li>The activities carried out at the manufacturing facilities can cause injury to people or property in certain circumstances.</li><li>The Company also suffers from employee attrition, which may lead to loss of experienced personnel, higher recruitment and training costs, and may impact its ability to execute projects.</li><li>Misestimation of the demand or its ability to sell GIS may lead to the underutilization of the proposed GIS manufacturing unit, which may have an adverse effect on the company business, future prospects and financial performance.</li><li>The company has significant power requirements for continuous running of its manufacturing unit. Any disruption to the company operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on its business, results of operations and financial condition.</li><li>The company operates in a competitive business environment and its inability to compete effectively may adversely affect the company business, results of operations, financial condition and cash flows.</li><li>Its Promoters, Directors, Senior Management and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.</li><li>Its Promoters have extended personal guarantees with respect to loan facilities availed by the Company. Further, one of its Promoters have extended personal properties as collateral for securing the facilities availed by the Company. Revocation of any or all of these personal guarantees or withdrawal of such properties may adversely affect its business operations and financial condition.</li><li>The company Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.</li><li>The average cost of acquisition of Equity Shares held by our Promoters could be lower than the Issue Price.</li><li>Its future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.</li><li>The company has certain contingent liabilities and our financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.</li><li>The company has in past entered into related party transactions and its may continue to do so in the future.</li><li>Its agreements with lenders for financial arrangements contain covenants for certain requirements and if the company is unable to comply with those, it might affect its business and operations, restrict our scope of activities and impede the company growth plans.</li><li>In addition to its existing indebtedness for the company existing operations, its may incur further indebtedness during the course of business. the company cannot assure that its would be able to service the company existing and/ or additional indebtedness.</li><li>Its ability to access capital at attractive costs depends on the company credit ratings.</li><li>The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the `Objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.</li><li>Its success largely depends upon the knowledge and experience of the company Promoters, Directors and its Key Managerial Personnel. Loss of any of the company Directors and key managerial personnel or its ability to attract and retain them could adversely affect the company business, operations and financial condition.</li><li>Its success depends upon the company ability to hire, train and retain skilled employees.</li><li>Disputes with employees may lead to an impact on the Company's business and operations.</li><li>Its inability to procure and/or maintain adequate insurance cover in connection with the company business may adversely affect its operations and profitability.</li><li>Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.</li><li>The deployment of funds is at its discretion and as per the details mentioned in the chapter titled "Objects of the Issue".</li><li>The company has not independently verified certain data in this Red Herring Prospectus.</li><li>The requirements of being a listed company may strain its resources.</li><li>Delay in raising funds from the IPO could adversely impact the implementation schedule.</li><li>The Equity Shares may not continue to be listed on the Stock Exchange.</li><li>Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.</li><li>The price of the Equity Shares may be volatile, which could result in substantial losses for investors acquiring the Equity Shares in the Issue.</li><li>Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.</li><li>The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.</li><li>If the Company does not receive the minimum subscription of 90% of the Fresh Issue, the Issue may fail.</li><li>Pursuant to listing of the Equity Shares, its may be subject to pre-emptive surveillance measures like Additional Surveillance Measure ("ASM") and Graded Surveillance Measures ("GSM") by the Stock Exchange in order to enhance market integrity and safeguard the interest of investors.</li><li>The Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue.</li><li>Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and may adversely affect the trading price of the Equity Shares.</li><li>Sale of Equity Shares by its Promoters or members of the company Promoter Group or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.</li><li>Fluctuation in the exchange rate between the Indian Rupee and foreign currencies may adversely affect the value of its Equity Shares, independent of the company operating results.</li><li>Under Indian law, foreign investors are subject to investment restrictions that limit its ability to attract foreign investors, which may adversely affect the trading price of the Equity Shares.</li><li>Individual Investors, Eligible Employees, QIBs and Non-Institutional Investors are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid.</li><li>The current market price of some securities listed pursuant to certain previous issues managed by the BRLM is below their respective issue prices.</li><li>The price of the Equity Shares may be highly volatile after the Issue.</li><li>You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase in the Issue.</li><li>There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.</li><li>The Equity Shares issued pursuant to the Issue may not be listed in a timely manner, or at all.</li></ul>

The Issue type of Parth Electricals & Engineering Ltd is Book Building - SME.

The minimum application for shares of Parth Electricals & Engineering Ltd is 1600.

The total shares issue of Parth Electricals & Engineering Ltd is 2924800.

Initial public offer of upto 29,24,800 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company at an issue price of Rs. 170 per equity share (including a share premium of Rs. 160 per equity share) for cash, aggregating up to Rs. 49.72 crores ("public issue") out of which 1,46,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 170 per equity share for cash, aggregating Rs. 2.49 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"), and 68,800 equity shares aggregating up to Rs. 1.17 crores will be reserved for subscription by eligible employees (as defined hereinafter) (the "employee reservation portion"). The company, in consultation with the brlm, may offer a discount of up to [*]% of the offer price (equivalent to Rs. [*] per equity share) to the eligible employees bidding in the employee reservation portion ("employee discount"). the public issue less market maker reservation portion and employee reservation portion i.e. issue of 27,09,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 170 per equity share for cash, aggregating up to Rs. 46.06 crores is hereinafter referred to as the "net issue". The public issue and net issue will constitute 21.40% and 19.82% respectively of the post- issue paid-up equity share capital of the company. The company, in consultation with the brlm, undertook a private placements of specified securities, as permitted under applicable laws, to specified persons, for 7,25,000 equity shares ("pre-ipo placement"). the pre-ipo placement has not exceeded 20% of the fresh issue. The pre - ipo placement was at a price decided by the company, in consultation with the brlm. since the pre-ipo placement was undertaken, 7,25,000 equity shares allotted under the pre-ipo placement have been reduced from the fresh issue, subject to the offer complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended ("scrr"). our company has appropriately intimated the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that our company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement were appropriately made in the relevant sections of the red herring prospectus. the price band and the minimum bid lot will be decided by the company. A discount of Rs.8 per equity share is being offered to eligible employees bidding in the employee reservation portion.