Silver Consumer Electricals Applies For IPO Worth Rs 1,400 Crore

Silver Consumer Electricals Ltd. filed offer documents with the market regulator SEBI to sell shares worth Rs 1,400 crore via an initial public offering.

The IPO consists of a fresh issue of Rs 1,000 crore to be used for repaying debt in the current financial year. As of June 30, 2025, consolidated outstanding borrowings stood at Rs 1,103 crore.

Promoter Vinit Dharamshibhai Bediya, who owns 48.99% of the pre-IPO issued, subscribed and paid-up equity share capital, will sell shares worth Rs 400 crore via an offer for sale. He is the chairman and managing director of the company.

Silver Consumer Electricals 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 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 metres, as per the draft red herring prospectus.

As of March 2025, the installed capacity for pumps and motors is 24 lakh units, and for fans it is 72 lakh units. They also have an installed capacity of 2.19 crore units for lighting products and 72,000 units for agricultural equipment.

Silver Consumer Electricals operates a dual business model. It owns branded sales under the “Silver” and “Bediya” brands and designs, manufactures and supplies products to renowned original equipment manufacturers in India.

Pumps and motors account for 81.5% of revenue in FY25.

The company counts Mumbai-based diversified financial services group Pantomath as an investor.