Polite Powertech Ltd. IPO Details
Polite Powertech was incorporated on March 4, 2023. The company is an integrated power infrastructure EPC player engaged in designing and executing transmission, distribution, and renewable energy projects across India. Its origins trace back to M/s. Patel Electricals (established in 2006), which built strong technical expertise and client relationships in the power sector
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 12.5 M | - | - | ₹0 | DRHP DOC |
Polite Powertech issue details
Polite Powertech has 12.5 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Polite Powertech IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Polite Powertech NUMBER OF SHARES ON OFFER
Polite Powertech FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 97.3 | 10.7 | -8.2 | -8.3 | 17.6% |
| FY25 | 155.6 | 13.0 | -0.5 | -0.8 | 13.9% |
| FY24 | 24.6 | 0.8 | -3.6 | -4.2 | 6.3% |
Polite Powertech INFORMATION ON IPO ISSUE
About Polite Powertech
Polite Powertech was incorporated on March 4, 2023. The company is an integrated power infrastructure EPC player engaged in designing and executing transmission, distribution, and renewable energy projects across India. Its origins trace back to M/s. Patel Electricals (established in 2006), which built strong technical expertise and client relationships in the power sector
Object of the Issue
- Funding working capital requirements of the company
- General corporate purposes
Polite Powertech - PROMOTERS
| Name |
|---|
| Yogeshkumar Narottambhai Patel |
| Karankumar Yogeshbhai Sukhadiya |
| Snehalben Yogeshbhai Patel |
Polite Powertech - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Yogeshkumar Narottambhai Patel | Chairman & Managing Director |
| Karankumar Yogeshbhai Sukhadiya | Whole Time Director |
| Snehalben Yogeshbhai Patel | Non – Executive Director |
| Vishalbhai Dineshbhai Patel | Independent Director |
| Rasikbhai Kashirambhai Patel | Independent Director |
| Khelan Amal Zaveri | Independent Director |
Polite Powertech Book Running Lead Manager
Arihant Capital Markets Limited
mbd@arihantcapital.com
Valmiki Leela Capital Private Limited
polite.ipo@valmikileela.com
Polite Powertech Registrar to the Offer
Kfin Technologies Limited
polite.ipo@kfintech.com
Polite Powertech Strengths
Strong order book
The company’s order book, a key indicator of future revenue, has shown consistent growth driven by strong execution capabilities and a diversified project portfolio. This growth is supported by timely project delivery, adherence to quality standards, and competitive pricing through efficient operations
Client-centric execution
The company has built long-standing relationships with state utilities and industrial clients through consistent delivery, technical expertise, and transparent project management. This strong client trust drives repeat business and enhances its ability to secure new opportunities and sustain growth
Robust supply chain network
The company’s project execution is supported by a strong supply chain with long-term relationships with manufacturers and approved OEMs for key materials. Direct procurement and efficient coordination ensure quality, timely availability, and smooth project execution without bottlenecks
Polite Powertech Risks
Competitive bidding risks
The company’s revenues depend on its ability to qualify for and win contracts through competitive bidding in the power EPC sector. Failure to secure such projects from government and utility tenders may adversely impact its growth, operations, and financial performance
Working capital intensive
The company’s operations are working capital intensive, requiring significant upfront investment before receiving client payments, especially in milestone-based or back-ended contracts. Any inability to meet funding needs or manage cash flows effectively may adversely impact its operations and financial performance
Project execution risks
The company’s project execution depends on timely access to transmission lines and grid infrastructure, and any delays or constraints may disrupt project timelines. Such issues can affect critical activities like testing and commissioning, adversely impacting operations and financial performance
IPO FAQs
The promoters of the company are Yogeshkumar Narottambhai Patel, Karankumar Yogeshbhai Sukhadiya and Snehalben Yogeshbhai Patel.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.