PM Cona Industries Ltd. IPO Details
PM Cona Industries was incorporated on August 14, 2019. The company is an Indian manufacturer of low-voltage electrical products, including FMEG and wires under the “PM CONA” brand, serving residential, commercial and industrial markets. It manufactures over 1,585 SKUs across switches, accessories, MCBs, switchgear, lighting and wires, with distribution across 25 states and 5 Union Territories through its dealer network
| 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 |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 4.5 M | - | - | ₹1,200.0 M | DRHP DOC |
PM Cona Industries issue details
PM Cona Industries has 4.5 M shares on offer
PM Cona Industries IPO issue size is ₹ 1,200.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
PM Cona Industries 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 |
PM Cona Industries NUMBER OF SHARES ON OFFER
PM Cona Industries 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 |
| FY26 | 403.9 | 30.8 | 40.5 | 34.0 | 11.5% |
| FY25 | 376.9 | 27.6 | 25.0 | 17.6 | 11.5% |
| FY24 | 336.0 | 22.4 | 17.1 | 14.5 | 10.5% |
PM Cona Industries INFORMATION ON IPO ISSUE
About PM Cona Industries
PM Cona Industries was incorporated on August 14, 2019. The company is an Indian manufacturer of low-voltage electrical products, including FMEG and wires under the “PM CONA” brand, serving residential, commercial and industrial markets. It manufactures over 1,585 SKUs across switches, accessories, MCBs, switchgear, lighting and wires, with distribution across 25 states and 5 Union Territories through its dealer network
Object of the Issue
- Funding of capital expenditure towards brownfield expansion of manufacturing facility at SIDCUL property, Haridwar
- Funding towards purchase of plant, machinery and equipment for various units of their current manufacturing facilities at Vasai facility, Haridwar facility, Palghar facility, Mumbai facility & Silvassa facility
- Funding towards setting-up of 50 new display showrooms across India
- Expenditure towards brand building and marketing
- General corporate purposes
PM Cona Industries - PROMOTERS
| Name |
|---|
| Prakash Naraindas Motwani |
| Neelu Prakash Motwani |
| Mohit Prakash Motwani |
| Bhavika Mohit Motwani |
PM Cona Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Prakash Naraindas Motwani | Chairman & Managing Director |
| Mohit Prakash Motwani | Whole-time Director |
| Bhavika Mohit Motwani | Whole-time Director & Chief Financial Officer |
| Amit Parashar | Independent Director |
| Anjana Haresh Motwani | Independent Director |
| Ronak Jhuthawat | Independent Director |
PM Cona Industries Book Running Lead Manager
Valmiki Leela Capital Private Limited
pmcona.ipo@valmikileela.com
PM Cona Industries Registrar to the Offer
KFIN Technologies Limited
pmcona.ipo@kfintech.com
PM Cona Industries Strengths
Diversified product portfolio
The company manufactures over 1,585 SKUs across modular and non-modular switches, accessories, MCBs, switchgear, lighting and wires, serving residential, commercial and industrial markets. Its products are offered under multiple ranges and distributed across 25 states and 5 Union Territories as of July 31, 2026
Pan-India distribution network
The company has a pan-India sales network, with major revenue contribution from Northern, Eastern and Central India, supported by value-oriented products serving Tier II and Tier III cities. Its distribution network comprises 2,739 dealers, 19 depots and one warehouse across 16 states and Union Territories, supported by a 124-member sales and marketing team as of July 31, 2026
Brand strength
The company’s “CONA” brand has over 57 years of operating history and has evolved from switches and accessories to a diversified consumer electrical products platform. Its focus on quality, product innovation, extensive dealer network and long-standing channel relationships has supported business expansion, particularly across Tier II and Tier III cities
PM Cona Industries Risks
Competition
The company operates in a highly competitive FMEG market with established brands, regional manufacturers and unorganised players competing on price, product innovation, distribution and brand strength. Increased competition or superior offerings from competitors may lead to pricing pressure, margin compression, loss of market share and higher spending on marketing and product development
Product quality risk
The company is subject to stringent quality standards and certifications, and defects or non-compliance by the company, suppliers, third-party manufacturers or OEMs may result in order cancellations, recalls, product liability claims and regulatory restrictions. Such incidents could lead to additional costs, production or sales restrictions, loss of customer confidence and reputational damage, adversely affecting the company’s business and financial performance
Employee retention risk
The company depends on skilled and semi-skilled employees and may face labour shortages, workforce disruptions and rising wages amid increasing competition for talent. Higher employee compensation and benefit costs could increase operating expenses, reduce profitability and affect the company’s growth prospects
IPO FAQs
The promoters of the company are Prakash Naraindas Motwani, Neelu Prakash Motwani, Mohit Prakash Motwani and Bhavika Mohit Motwani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.