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Silver Consumer Electricals IPO
Silver Consumer Electricals Limited
Silver Consumer Electricals IPO Details
Silver Consumer Electricals Limited (SCEL) has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) of Rs. 1,400 crore.
CEL's IPO is structured with a fresh issue of shares up to Rs. 1,000 crore and an Offer for Sale (OFS) of up to Rs. 400 crore by the promoter.
Lead managers include Motilal Oswal Investment Advisors and others, while MUFG Intime India Pvt. Ltd is the registrar. The promoters are Vinit Dharamshibhai Bediya and Vidhi Vinit Bediya.
Based in Rajkot, Gujarat, SCEL is a manufacturer of electrical consumer durables and agricultural equipment, offering products like pumps, motors, solar items, fans, and lighting under their brands and for OEMs.
Silver Consumer Electricals IPO Strengths
- SCEL is a fast-growing manufacturer of electrical consumer durables and agricultural equipment in India in terms of revenue from operations, showing a Compound Annual Growth Rate (CAGR) of 95.17% between fiscal year 2023 to 2025.
- SCEL offers a wide range of products, including pumps, motors, solar pumps and controllers, fans, lighting, and other consumer electrical products, reducing reliance on a single product segment and allowing them to cater to various customer needs.
- SCEL has installed capacities for manufacturing a large number of units for pumps and motors, fans, lighting products, and agricultural equipment, which are likely to support their growth plans.
- SCEL has an adequate liquidity position with significant cash and bank balances and equity infusions, supporting their capex requirements and working capital needs.
- SCEL boasts over 40 years of industry experience, fostering a reputation for innovation, quality, and reliability.
Silver Consumer Electricals IPO Weaknesses
- SCEL's operations are working capital intensive, with a large portion of its operating income tied up in inventory due to a long production cycle and diverse product range.
- The primary raw materials used by SCEL, such as copper, aluminum, steel sheets, and iron, are subject to volatile price fluctuations, potentially impacting profitability.
- Consistent negative free cash flows have led to reliance on additional equity and debt infusions to fund capex and working capital needs, highlighting a potential vulnerability.
- The electrical consumer durables and agricultural equipment sectors in India are likely to be highly competitive and fragmented, potentially impacting SCEL's market share and profitability.
- While Silver is a known brand, its market perception might need further strengthening compared to established leaders, potentially hindering customer acquisition in competitive markets.
Silver Consumer Electricals Revenue & Profit
4.2 | +0.19 |
8.93 | +0.28 |
16.12 | +0.47 |
10
8
6
4
2
0
Silver Consumer Electricals IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | Credit of Shares to Demat Account |
| To be announced | |
| Listing Date | To be announced |
Silver Consumer Electricals IPO Lot Size
| Minimum Lot Size | To be announced |
| Mamximum Lot Size | To be announced |
Seize the Opportunity! Apply for Silver Consumer Electricals IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Research
Silver Consumer Electricals IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Silver Consumer Electricals IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Silver Consumer Electricals Limited IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Silver Consumer Electricals Limited IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.