Polite Powertech Limited

Polite Powertech Limited (New IPO): GMP, Price, Review, Profit

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Polite Powertech Limited is an engineering, procurement and construction (EPC) company operating in the power infrastructure sector, primarily engaged in transmission, distribution, and solar EPC projects. The company executes turnkey solutions across high-voltage and extra-high-voltage networks, including cabling and substation work.

It provides end-to-end EPC services in power infrastructure including design, supply, installation, testing, and commissioning of power transmission, distribution, and renewable (solar) projects.
It operates on a project-based EPC model and has executed 63+ projects with 24 ongoing projects across multiple Indian states, indicating a pan-India presence. It serves government utilities, private sector clients, and renewable developers, with a diversified order book.

Polite Powertech Limited was incorporated on 4 March 2023 & currently Mr. Yogeshkumar Narottambhai Patel serves as the Managing Director & Chairman of the company.

Polite Powertech Limited has filed its DRHP with SEBI for a proposed IPO of 1,25,00,000 Equity Shares featuring entirely as a 1,00,00,000 Equity Shares and an Offer for Sale (OFS) of 25,00,000 Equity Shares.

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:1,25,00,000 Equity Shares
Fresh Issue:1,00,00,000 Equity Shares
Offer for Sale:25,00,000 Equity Shares
Price Range:TBA
Lot Size:TBA
GMPPending

Polite Powertech Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 15.68 Cr
Revenue:₹ 155.63 Cr
EBITDA₹ 21.64 Cr
PAT₹ 13.02 Cr
EBITDA Margin:~13.91%
PAT Margin~ 8.37%
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
Technology & Infrastructure₹ 00 Cr
Working Capital Requirement₹ 100 Cr
Borrowing prepayment/repayment₹ 00 Cr
General Corporate PurposeBalance

Polite Powertech Limited Financial Data

202320242025
Revenue (₹ Cr)NA₹ 24.6₹ 155.6
PAT (₹ Cr)NA₹ 0.8₹ 13.0
Asset (₹ Cr)NA₹ 26.4₹ 88.3
Net Worth (₹ Cr)NA₹ 1.0₹ 15.7

Polite Powertech Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
03-Jun₹ –₹ –₹ –
02-Jun₹ –₹ –₹ –
01-Jun₹ –₹ –₹ –
31-May₹ –₹ –₹ –
30-May₹ –₹ –₹ –

Polite Powertech Limited Pro’s and Con’s

Strengths:

  • Strong presence in India’s growing power EPC sector driven by renewable and grid expansion.
  • End-to-end capabilities (design to commissioning) improve execution control and margins.
  • Diversified order book across transmission, distribution, and solar projects.
  • Benefit from government push on infrastructure and electrification schemes.
  • Asset-light, project-based model reduces need for heavy fixed investments.

Risks:

  • Recently incorporated entity (2023) with limited standalone operating track record.
  • High working capital requirements typical of EPC businesses.
  • Exposure to execution delays, regulatory approvals, and cost overruns.
  • Competitive industry with many established EPC players on margins.

Polite Powertech Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Yogeshkumar Narottambhai Patel~ 69.94 %
Karankumar Yogeshbhai Sukhadiya~ 17.82 %
Snehalben Yogeshbhai Patel~ 1.34 %
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Polite Powertech 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 Polite Powertech Limited

ROE156.55%
ROCE94.75%
RoNW83.07%
Lead / Book Running Lead ManagersArihant Capital Markets Limited,
Valmiki Leela Capital Private Limited
Registrar (RTA)KFin Technologies Limited

Polite Powertech Limited FAQ’s

  • It is an integrated EPC company executing power transmission, distribution, and renewable energy projects, including substations, cabling, and high-voltage infrastructure across India.
  • Polite Powertech is raising funds via IPO to fund working capital needs and support business expansion, while also enabling existing shareholders to partially exit through the offer-for-sale component.
  • The IPO includes a Fresh Issue of ~1 Cr Equity shares and an Offer for Sale (OFS) of  ~0.25 Cr Equity shares. It will be listed on NSE and BSE platform.
  • Key risks include project execution delays, dependence on order inflows, high working capital needs, and intense competition in the EPC power infrastructure sector.
  • Potential upsides include strong revenue growth, a healthy order book, and rising demand for power and renewable infrastructure provide visibility and scalability for future earnings growth.
  • 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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