Archive · 30 Jul 2025
Parth Electricals Engineering IPO Opens August 4
Parth Electricals & Engineering, an Indian engineering company, is selling shares to the public through an IPO to raise money.
The IPO opens on August 4th and the shares will be priced between ₹160 and ₹170 each.
They plan to use the money to build a new factory, pay off some debts, and for general business expenses.
The company offers engineering services to various clients, including government and private sectors.
Parth Electricals & Engineering IPO is set to open on August 4.
The IPO price band is fixed between ₹160 and ₹170 per equity share.
The IPO consists of a fresh issue of 29,24,800 equity shares.
Funds raised will be used for setting up a manufacturing facility, repaying short-term loans, and general corporate needs.
The company provides engineering services, serving both public and private sector clients.
- Who
- Parth Electricals & Engineering Limited.
- What
- Parth Electricals & Engineering IPO.
- When
- Opening on August 4th and closing on August 6th.
- Where
- Based in Vadodara, Gujarat.
- Why
- To raise funds for setting up a manufacturing facility, repaying short-term loans, and for general corporate needs.
- IPO Open Date
- August 4, 2024
- IPO Close Date
- August 6, 2024
- Price Band
- ₹160 - ₹170 per share
- Face Value
- ₹10
- Issue Size
- 29,24,800 equity shares
- Use of Funds
- Manufacturing facility, debt repayment, and general corporate purposes
- Book Running Lead Manager
- Horizon Management Private Limited
- Market Maker
- Shreni Shares Limited
Sources
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