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Parth Electricals zooms 5% on debut: What's the buzz
Parth Electricals & Engineering just made a lively stock market debut—shares opened above their issue price at ₹174 and jumped to ₹182.70 within minutes, hitting the 5% upper circuit.
Not bad for a company that started out in services and now builds electrical gear.
What do the numbers say?
Their IPO was a hit, oversubscribed nearly 24 times, with especially strong interest from retail and big investors alike.
Backed by big names like Aditya Birla and Tata Power as clients, Parth's revenue has grown fast—from ₹65 crore in FY23 to ₹175 crore in FY25, with profits also up sharply.
The fresh funds will help them expand manufacturing in Gujarat and Odisha and pay off some loans.