Rajkot: Silver Consumer Electricals Ltd (SCEL), one of India’s fastest-growing electrical consumer durables and agricultural equipment manufacturers, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (Silver Consumer Electricals IPO) worth ₹1,400 crore.
The Silver Consumer Electricals IPO will comprise a fresh issue of shares aggregating up to ₹1,000 crore and an offer for sale (OFS) of shares worth up to ₹400 crore.
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SCEL, which operates under the “Silver” and “Bediya” brands and also supplies to leading OEMs, has recorded an impressive 95.17% CAGR in revenue from operations between FY 2023 and FY 2025, according to a 1Lattice Report.
Silver Consumer Electricals IPO: India’s Largest Single-Location Facility
The company operates a 138,821 sq. m. vertically integrated manufacturing plant in Rajkot, Gujarat – claimed to be the largest of its kind in India for electrical consumer durables and agricultural equipment.
The facility boasts advanced robotic automation, backward integration to reduce external dependencies, and capacity for large-scale production.
As of March 31, 2025, SCEL’s installed annual production capacities include:
- 2.4 million units of pumps and motors
- 7.2 million units of fans
- 21.9 million lighting products
- 72,000 units of agricultural equipment
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Silver Consumer Electricals IPO: Diverse Product and Business Model
SCEL manufactures a wide range of products including pumps, motors, solar pumps and controllers, fans, lighting products, and agricultural machinery. The company’s dual business model serves both branded sales and OEM partnerships.
In the residential and solar pump manufacturing segments, SCEL ranks among the largest producers in India as of March 31, 2025.
Motilal Oswal Investment Advisors Limited, ICICI Securities Limited, JM Financial Limited, and Choice Capital Advisors Private Limited are the Book Running Lead Managers (BRLMs) for the issue, with Trilegal as the legal counsel.
