Silver Consumer Electricals Ltd files DRHP for Rs 1,400 crore IPO
Rajkot-headquartered Silver Consumer Electricals Ltd (SCEL) filed its Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (SEBI) for its Rs 1,400 crore initial public offering (IPO). The offer comprises Fresh Issue aggregating up to Rs 1,000 crore and Offer for Sale (OFS) aggregating up to Rs 400 crore.
SCEL is a large-scale manufacturer of electrical consumer durables including, pumps and motors, solar pumps and controllers, fans, lighting, other consumer electrical products and agricultural equipment. The company is the fastest-growing manufacturer of electrical consumer durables and agricultural equipment in India in terms of revenue from operations with a CAGR of 95.17% between Fiscal 2023 to Fiscal 2025. (Source: 1Lattice Report)
SCEL has established India’s largest single-location and vertically integrated electrical consumer durables and agricultural equipment plant in Rajkot, Gujarat, spread over 138,821 square meters. As of March 31, 2025, the company has installed capacities of 2,400,000 units for pumps and motors, and 7,200,000 units for fans, 21,900,000 units for lighting products and 72,000 units for agricultural equipment.
The company is one of the largest companies in terms of manufacturing capacities in the residential and solar pumps segment as of March 31, 2025. (Source: 1Lattice Report) The manufacturing facility is equipped with advanced infrastructure, robotic automation for key processes and customized machines, backward integrated which minimizes external dependencies, ensures quality production, and enables large scale business operations.
SCEL operates a dual business model, i.e., (i) own branded sales under “Silver” and “Bediya” brands; and (ii) designing, manufacturing and supplying products to renowned original equipment manufacturers (“OEMs”) in India.
Motilal Oswal Investment Advisors Limited, ICICI Securities Limited, JM Financial Limited and Choice Capital Advisors Private Limited are the Book Running Lead Managers (BRLMs) and Trilegal is the Legal Counsel.