Pioneer Fil-Med Limited

Pioneer Fil-Med Limited (New IPO): GMP, Price, Review, Profit

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Pioneer Fil-Med Limited is engaged in manufacturing railway, metro and renewable energy components, including traction motors, alternators, brake discs, gangways, stators, rotors and wind generator components. The company started with railway and automotive filters and later diversified into high-entry-barrier railway propulsion and industrial equipment segments.

It manufactures railway & metro propulsion equipment, traction motors, alternators, brake discs, gangways, stators/rotors and renewable energy components for Indian Railways and private players.
It supplies equipment to Indian Railways, metro rail corporations and renewable energy manufacturers across India, with a major portion of revenue coming from Indian Railways.

Pioneer Fil-Med Limited was incorporated on 1997 & currently Mr. Anil Kumar Agarwal serves as the Managing Director of the company.

Pioneer Fil-Med Limited has filed its DRHP with SEBI for a proposed IPO of ₹ 500 Crore featuring a Fresh Issue of ₹ 250 Crore and an Offer for Sale (OFS) of ₹ 250 Crore.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 500 Crore
Fresh Issue:₹ 250 Crore
Offer for Sale:₹ 250 Crore
Price Range:TBA
Lot Size:TBA
GMPPending

Pioneer Fil-Med Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 137.27 Cr
Revenue:₹ 326.41 Cr
EBITDA₹ 57.51 Cr
PAT₹ 40.43 Cr
EBITDA Margin:~17.62%
PAT Margin~ 12.39%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Gear Box Manufacturing Facility₹ 102.26 Cr
Wind Generator Manufacturing Facility₹ 79.50 Cr
Borrowing prepayment/repayment₹ 00 Cr
General Corporate PurposeBalance

Pioneer Fil-Med Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 86.1₹ 233.0₹ 326.4
PAT (₹ Cr)₹ 11.2₹ 26.4₹ 40.4
Asset (₹ Cr)₹ 151.9₹ 181.2₹ 225.5
Net Worth (₹ Cr)₹ 77.4₹ 100.3₹ 137.3

Pioneer Fil-Med Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
11-Jun₹ –₹ –₹ –
10-Jun₹ –₹ –₹ –
09-Jun₹ –₹ –₹ –
08-Jun₹ –₹ –₹ –
07-Jun₹ –₹ –₹ –
Pioneer Fil-Med Limited

Pioneer Fil-Med Limited Pro’s and Con’s

Strengths:

  • Strong presence in railway and metro component manufacturing, a sector backed by large government infrastructure spending.
  • Diversified product portfolio across traction motors, alternators, brake systems and renewable energy components.
  • Long operating history since 1997 with established relationships in Indian Railways ecosystem.
  • Entry into renewable energy components provides future growth opportunities beyond railways.
  • IPO proceeds are expected to support capacity expansion and manufacturing growth.

Risks:

  • Heavy dependence on Indian Railways and government-linked orders may impact revenue concentration.
  • IPO price band and valuation are still unknown, making valuation assessment difficult.
  • Engineering manufacturing business requires high capital expenditure and working capital.
  • Revenue can fluctuate due to delays in railway and infrastructure project execution.
  • Faces competition from established railway equipment and industrial component manufacturers.

Pioneer Fil-Med Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Pioneer Facor IT Infradevelopers Pvt. Ltd.46.76 %
Pioneer Procon Pvt. Ltd.28.88 %
Anil Kumar Agarwal3.01 %
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Pioneer Fil-Med Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Annual Returns + Lead Managers / Registrars of Pioneer Fil-Med Limited

ROE24.51%
ROCE28.79%
RoNW26.79%
Lead / Book Running Lead ManagersNuvama Wealth Management Limited,
Equirus Capital Private Limited
Registrar (RTA)MUFG Intime India Private Limited

Pioneer Fil-Med Limited FAQ’s

  • It manufactures railway, metro and renewable energy components including traction motors, alternators, brake discs and wind generator parts for infrastructure-focused industries.

  • Pioneer Fil-Med Limited is raising funds via IPO to fund new gearbox and wind generator component manufacturing facilities in Rajasthan along with supporting future business expansion plans.

  • The IPO includes a Fresh Issue of ₹ 250 Crore and an Offer for Sale (OFS) of ₹ 250 Crore. It will be listed on NSE and BSE platform.

  • The company depends heavily on railway and infrastructure orders, making revenues sensitive to government spending cycles, project delays and industrial demand fluctuations.

  • Growing railway modernization, metro expansion and renewable energy demand could drive long-term growth opportunities for Pioneer Fil-Med’s specialized engineering business.

  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

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