Powertronix Engineering Prepares for BSE SME IPO to Raise Capital via 41 Lakh Share Issue

Engineering, procurement, construction, testing, and commissioning (EPC) player Powertronix Engineering Limited has progressed with its plans to launch an initial public offering (IPO) on the BSE SME platform. The issue structure and draft filings outline an offering totaling up to 41,00,000 equity shares of face value ₹10 each, combining a fresh issue to raise expansion capital and an offer for sale (OFS).

The BSE SME platform has cleared the issue papers, enabling the engineering outfit to finalize pricing, issue dates, and allotment timelines subject to regulatory conditions.

Issue Structure and Key Intermediaries

The public offer is designed as a fixed-price SME issue.

Key Components of the Issue:

• Total Issue Size: Up to 41,00,000 equity shares with a face value of ₹10 per share.
• Fresh Issue: Up to 35,50,000 equity shares.
• Offer for Sale (OFS): Up to 5,50,000 equity shares by existing promoters/selling shareholders.
• Listing Platform: BSE SME.
• Issue Manager: Khandwala Securities Limited is serving as the sole Book Running Lead Manager.
• Registrar: Skyline Financial Services Private Limited has been appointed as the registrar to the issue.

In terms of issue quota allocations, not more than 50% of the net issue will be reserved for Non-Institutional Investors (NIIs), and not more than 50% is reserved for Retail Individual Investors (RIIs). Specific subscription window dates, the offer price, and the minimum lot size will be disclosed prior to the issue opening.

Objects of the Issue

According to the draft offer documents, Powertronix Engineering intends to deploy the fresh capital primarily toward:

• Funding working capital requirements of the company (estimated at approximately ₹19.00 crore).
• General corporate purposes and issue-related expenses.

Business Overview and Operations

Incorporated in March 2011, Powertronix Engineering Limited operates as a specialized EPC solutions provider focused on Electrical, Control, and Instrumentation (EC&I) infrastructure. The company executes turnkey solutions covering engineering design, procurement, erection, testing, commissioning, automation, and ongoing maintenance.

Its client footprint covers core heavy-industrial verticals, including thermal power plants, renewable energy installations, electrical switchyards and substations, oil and gas refineries, petrochemical processing units, steel plants, cement works, and fertilizer manufacturing complexes.

Financial Performance

Powertronix Engineering has demonstrated steady top-line and bottom-line expansion over recent fiscal periods:

• FY 2024–25: Total revenue rose 42% to ₹50.47 crore compared to ₹35.32 crore in FY 2023–24. Net profit after tax (PAT) rose 8% to ₹4.02 crore against ₹3.70 crore in the preceding fiscal.
• Nine Months Ended December 31, 2025: The company clocked a total income of ₹44.59 crore and a profit after tax of ₹4.18 crore, reflecting stable operational momentum heading into the public issue.

Market participants and prospective applicants tracking the Indian SME primary market are awaiting the final price announcement and subscription schedule from the company and the lead managers.

Tags: Powertronix Engineering BSE SME IPO Khandwala Securities SEBI