Parth Electricals & Engineering Ltd. has announced public offering of 3466400 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 160.00 per share. The gross proceeds of the issue are expected to be Rs 5,892.88 lakhs.
The company's initial public offer (IPO) will open on 04 August 2025 and is expected to close on 06 August 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 160.00-170.00 per share.
The IPO includes a fresh Issue of 3466400 Equity Shares of the Company at an price of Rs 170.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.
Parth Electricals & Engineering Ltd. anticipates using the proceeds of the issue for .
Horizon Management Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.