The predicted gain is adjusted upward from the 19.23% GMP due to massive institutional demand (QIB 91.55x) and an extreme retail/HNI squeeze. High financial quality (ROE 36.81%) and a strong fresh-issue structure further justify a premium over the current grey market baseline.
💪 Strengths
Impressive ROE of 36.81% and ROCE of 31.13%
40 years of domain experience in electrical contracting
Strong revenue and PAT growth trend over 3 years
⚠️ Weaknesses
Small issue size may lead to high volatility post-listing
Concentration in the electrical contracting sector
🚀 Opportunities
Expansion into international markets
Increasing demand for data center and power utility infrastructure
🛡️ Threats
Dependency on government and industrial infrastructure spending
Competitive bidding environment in turnkey electrical projects
🎯 Objectives of the IPO
Requirement / Purpose
Amount (₹ Cr)
Repayment of a portion of certain borrowings availed by the Company;
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.