New Delhi, Aug. 11 -- Shares of Parth Electricals & Engineering made a tepid debut on Monday, August 11, listing at Rs.174, up 2.4 per cent from its issue price of Rs.170. Soon after the listing, the stock hit its 5 per cent upper circuit of Rs.182.70.

The SME stock's listing was broadly in line with expectations, as according to the grey market sources, the stock was anticipated to list at around Rs.176.

Parth Electricals & Engineering started as a service company and later moved into manufacturing electrical equipment.

Its products include medium-voltage (MV) switchgear panels, vacuum circuit breaker (VCB) panels, earth link boxes, control and relay panels (CRP), and compact substations (CSS).

The company's clientele includes Aditya...