The GMP baseline of 20.09% is adjusted downward due to a lack of initial QIB subscription data and a moderate Debt-to-Equity ratio of 1.1. However, strong PAT growth and a significant fresh issue component (73%) provide a fundamental cushion, preventing a deeper correction in predicted gains.
💪 Strengths
Strong PAT growth trend
Diversified presence across 26 states and 10 countries
High ROE of 23.32%
⚠️ Weaknesses
Revenue decline in FY26 compared to FY25
Debt-to-Equity ratio above 1.0
🚀 Opportunities
Expansion in rural electrification projects
Growth in Indian power transmission infrastructure
🛡️ Threats
High competition from industry leaders like Polycab and KEI
Sensitivity to raw material price fluctuations for cables
🎯 Objectives of the IPO
Requirement / Purpose
Amount (₹ Cr)
Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding 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.