About Company’s Business:
They are among the leading companies in the Indian consumer electrical industry, encompassing wires, cables, and fast-moving electrical goods. With a history of operations spanning over two decades in India, they have emerged as the fastest-growing consumer electrical company within their industry peers in the country. According to the Technopak Report, their compounded annual growth rate between Fiscal 2021 and Fiscal 2023 stands at an impressive 43.4%. Their product portfolio spans across two main segments: the first includes wires and cables, such as house wires, industrial wires, power cables, and special cables, while the second comprises fast-moving electrical goods like fans, lighting, switches, and appliances.
About the Industry:
India ranks as the world’s third-largest electricity producer and the second-largest electricity consumer, according to the Technopak Report. The consumer electrical industry, encompassing wires, cables, and fast-moving electrical goods, holds significant importance within the Indian economy. It contributes to roughly 8% of the country’s manufacturing production, approximately 1.5% of India’s GDP, and about 1.5% of India’s exports, as per the Technopak Report. In Fiscal 2023, the consumer electrical industry, comprising wires, cables, and fast-moving electrical goods, was estimated to be worth approximately ₹1,811,500 million. The Technopak Report anticipates a compounded annual growth rate of approximately 10% in this industry until Fiscal 2027, projecting a market value of around ₹2,665,000 million.
Key Financial Information:
| Metrics | June 30, 2023 | June 30, 2022 | March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|---|---|
| Equity Share Capital ($) | 478.48 | 239.24 | 478.48 | 239.24 | 239.24 |
| Net Worth (1)* ($) | 14,946.87 | 12,502.46 | 13,904.74 | 12,370.47 | 10,333.75 |
| Total Income ($) | 16,135.98 | 12,433.00 | 56,336.40 | 44,322.18 | 27,459.36 |
| Profit for the Year/Period ($) | 743.48 | 181.42 | 1,898.72 | 2,139.37 | 1,353.98 |
| Basic Earnings per Equity Share (in â‚ą) | 6.69 | 1.63 | 17.09 | 19.26 | 12.19 |
| Diluted Earnings per Equity Share (in â‚ą) | 6.68 | 1.63 | 17.07 | 19.22 | 12.18 |
| Net Asset Value per Equity Share (in â‚ą)(2)* | 134.57 | 112.56 | 125.19 | 111.38 | 93.04 |
| Total Borrowings (as per Restated Consolidated Statement of Assets and Liabilities) ($) | 4,037.65 | 5,029.92 | 5,158.41 | 5,211.11 | 4,987.13 |
Note: All â‚ą in million, unless otherwise stated
Objective of the Issue:
- Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions
- General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, September 13, 2023 |
| Close Date | Friday, September 15, 2023 |
| Issue Size | â‚ą1,964.01 crores |
| Price | â‚ą983 to â‚ą1035 per share |
| Lot Size | 14 Shares |
| Basis of Allotment | Thursday, September 21, 2023 |
| Initiation of Refunds | Friday, September 22, 2023 |
| Credit of Shares to Demat | Monday, September 25, 2023 |
| Listing Date | Tuesday, September 26, 2023 |
Note: The dates are tentative.
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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