One of the Largest Pump Manufacturers, Silver Consumer Electricals, has submitted its draft papers to the market regulator SEBI, intending to raise funds of ₹1,400 crore via an Initial Public Offering (IPO).
As per the DRHP filed on August 7, the IPO consists of a combination of a fresh issue of ₹1,000 crore and an offer-for-sale (OFS) of ₹400 crore.
The proceeds of ₹865 crore from the fresh issue will be used to handle the repayment or prepayment of its outstanding borrowings taken by the company. While the funds of ₹35 crore will be utilized to clear the borrowings of its subsidiary, BAPL, and remaining funds will be used for the company’s general corporate purposes.
Silver Consumer Electricals is a Rajkot-based company that is one of the leading manufacturers of electrical consumer goods like pumps, motors, solar pumps, controllers, fans, lighting, and agricultural equipment. In order to grow more, the company follows the dual-business strategy where it sells products under both its brand “Silver” and “Bediya”; it is also involved in the making and supplying products to major OEMs in India.
The company has successfully installed a capacity that includes 24 lakh units of pumps and motors, 72 lakh units of fans, 2.19 crore units of lighting products, and 72,000 units of agricultural equipment as of March 31, 2025.
The book running lead manager to manage the Silver Consumer Electricals IPO is Motilal Oswal Investment Advisors, ICICI Securities, JM Financial, and Choice Capital Advisors.
Silver Consumer Electricals IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Silver Consumer Electricals Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2023 | ₹420.97 | ₹394.61 | ₹19.71 |
| 2024 | ₹893.66 | ₹855.18 | ₹28.24 |
| 2025 | ₹1,612.13 | ₹1,549.25 | ₹47.69 |
Silver Consumer Electricals IPO Valuation – FY2025
Silver Consumer Electricals IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.88 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 7.35% |
| Net Asset Value (NAV): | ₹23.80 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Havells India Limited | 23.49 | 64.28 | 17.64% | 132.92 | 217780.60Cr. |
| PG Electroplast Limited | 10.74 | 74.80 | 10.18% | 99.90 | 4,869.53 Cr. |
| Crompton Greaves Consumer Electricals Limited | 8.64 | 37.85 | 14.66% | 59.76 | 7,863.55 Cr. |
| Kirloskar Brothers Limited | 52.29 | 35.50 | 19.94% | 264.45 | 4,492.24 Cr. |
| KSB Limited | 14.22 | 58.27 | 16.66% | 85.34 | 2,533.09 Cr. |
| Shakti Pumps (India) Limited | 33.97 | 24.32 | 35.17% | 96.59 | 2,516.24 Cr. |
| Oswal Pumps Limited | 28.21 | 26.70 | 60.69% | 46.48 | 1,430.31 Cr. |
| Bajaj Electricals Limited | 11.57 | 53.29 | 7.68% | 150.61 | 4,828.44 Cr. |
| Orient Electric Limited | 3.90 | 54.78 | 11.99% | 32.54 | 3,093.68 Cr. |
| VST Tillers Tractors Limited | 107.60 | 42.79 | 9.28% | 1,159.62 | 994.55 Cr. |
| Wonder Electricals Limited | 1.24 | 130.08 | 16.46% | 7.52 | 894.50 Cr. |
Objects of the Issue
- Repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by:
- Their Company; and
- Their Subsidiary, namely, BAPL
- General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Motilal Oswal Investment Advisors Limited
- ICICI Securities Limited
- JM Financial Limited
- Choice Capital Advisors Private Limited
