• Debt repayment plan: The company plans to use proceeds from its ₹742 crore IPO to repay approximately ₹500 crore of its ₹600 crore net debt. This debt reduction is expected to generate ₹40 to ₹50 crore in annual interest savings.
• Product segment mix: Products account for roughly 70% of total revenue, with conductors making up 7% to 8% and cables contributing the rest. Management aims to increase conductor revenue to 10%–11% by deploying high-efficiency replacement technology partnered with a US firm.
• Client mix advantage: Business operations are entirely B2B, split evenly at 50% government and 50% private sector clients. Manufacturing facilities in eastern India provide proximity and cost advantages for sourcing raw materials like aluminum, steel, and polymers against competitors like Polycab, KEI, and Apar.
• Revenue growth targets: Leveraging an existing capacity utilization of around 65%, management targets scaling revenues to ₹4,000 crore within the next three years. Minimal incremental CAPEX is anticipated, supported by a high capital efficiency ratio of 8 to 10x.