Pioneer Fil-Med IPO
Pioneer Fil-Med IPO Details
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Open Date
TBA
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Close Date
TBA
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Listing Date
TBA
- IPO Price Range
TBA
- IPO Size
₹ 500 Cr
- Listing Exchange
BSE NSE
Pioneer Fil-Med IPO Timeline
Last Updated: 16 April 2026 3:33 PM by krishika_vyas
Pioneer Fil-Med Ltd. manufactures and supplies railway and metro equipment for locomotive and coach applications in India. Initially focused on filters, it has expanded into traction motors, alternators, brake discs, gangways and platform screen doors. An approved Category-I supplier to Indian Railways, it also serves the renewable energy sector. With three facilities in Haryana and 141 employees, the company is developing advanced components and strengthening OEM partnerships.
Established in: 1997
Managing Director: Anil Kumar Agarwal
Peers:
| Metric |
Pioneer Fil-Med Limited |
Titagarh Rail Systems Limited |
Bharat Forge Limited |
ABB India Limited |
BEML Limited |
|
Revenue from operations for Fiscal 2025 |
326.42 | 3867.75 | 15122.80 | 12188.31 | 4022.22 |
| Face Value | 10 | 2 | 2 | 2 | 5 |
|
Closing Price |
- | 655.95 | 1797.10 | 6280.00 | 1610.10 |
| EPS (Basic) | 14.40 | 20.41 | 20.05 | 88.32 | 35.12 |
| EPS (Diluted) | 14.40 | 20.39 | 20.05 | 88.32 | 35.12 |
| RONW (%) | 26.79 | 11.48 | 10.17 | 26.46 | 10.13 |
| NAV | 53.76 | 178.84 | 193.55 | 333.85 | 346.64 |
| P/E | - | 32.17 | 89.63 | 71.11 | 45.85 |
Pioneer Fil-Med Objectives
1. Part-financing ₹102.27 crore gear box facility at Bhiwadi.
2. Part-financing ₹79.50 crore wind components facility at Bhiwadi.
3. Funding general corporate purposes of the company.
Pioneer Fil-Med IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹500 Cr |
| Offer For Sale | ₹250 Cr |
| Fresh Issue | ₹250 Cr |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 86.07 | 232.98 | 326.42 |
| EBITDA | 6.78 | 39.55 | 57.51 |
| PAT | 11.17 | 26.39 | 40.44 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 151.88 | 181.19 | 225.49 |
| Share Capital | 25.53 | 25.53 | 25.53 |
| Total Liabilities | 53.19 | 56.10 | 60.52 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -6.60 | 20.68 | 49.97 |
| Net Cash Generated From / (used in) Investing Activities | -1.81 | -3.86 | -59.15 |
| Net Cash Generated From / (used in) Financing Activities | 2.78 | -14.40 | 8.40 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -5.63 | 2.42 | -0.79 |
Strengths
1. Strong Category-I approvals from Indian Railways.
2. Diversified product portfolio across railway components.
3. Established relationships with OEMs and rail sector.
4. Manufacturing presence in key Haryana industrial hubs.
Weaknesses
1. High dependence on Indian Railways demand.
2. Limited workforce size may constrain scalability.
3. Concentration of facilities in one geographic region.
4. Product diversification still in development stages.
Opportunities
1. Growing investment in railway and metro infrastructure.
2. Expansion into renewable energy component manufacturing.
3. New product development for Vande Bharat coaches.
4. Increasing demand for advanced propulsion systems domestically.
Threats
1. Intense competition from established railway equipment suppliers.
2. Policy changes impacting railway procurement and approvals.
3. Raw material price volatility affecting manufacturing costs.
4. Execution risks in new facility and product expansion.
1. Strong order book ensures high revenue visibility.
2. Presence in high-entry barrier railway component segment.
3. Dual growth from railways and renewable energy.
4. Consistent financial growth with improving operating margins.
India’s railway and metro equipment sector is witnessing strong structural growth driven by electrification, modernisation and rising infrastructure investments. Pioneer Fil-Med benefits from high entry barriers due to stringent approvals and certifications, limiting competition. Its strong ₹442 crore order book provides revenue visibility, while expansion into wind energy aligns with India’s renewable push, creating dual growth engines across railways and clean energy segments.
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FAQs
The official opening and closing dates for the Pioneer Fil-Med IPO have not been announced yet. Keep checking this page for the most up-to-date information as soon as the schedule is confirmed.
The size of Pioneer Fil-Med IPO is ₹500 Cr.
The price band for the Pioneer Fil-Med IPO is yet to be finalised. Once the company files its RHP and receives regulatory clearance, we’ll update this page with the confirmed details.
Once the Pioneer Fil-Med IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Pioneer Fil-Med IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Pioneer Fil-Med IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
While the official lot size is yet to be declared, based on recent mainboard IPO trends, the minimum investment is likely to range between ₹14,000 to ₹15,000. Stay tuned to this page for confirmation.
The allotment date has not been announced yet. We will update this section as soon as the final schedule is made available. Keep tracking this page for timely information.
The listing date for the Pioneer Fil-Med IPO will be known after the issue closes and allotments are finalised. Bookmark this page to receive the latest listing updates as soon as they are published.
Nuvama Wealth Management Ltd is the book running lead managers for Pioneer Fil-Med IPO.
Pioneer Fil-Med IPO plans to utilise the raised capital from the IPO for:
1. Part-financing ₹102.27 crore gear box facility at Bhiwadi.
2. Part-financing ₹79.50 crore wind components facility at Bhiwadi.
3. Funding general corporate purposes of the company.
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Krishca Strapping Solutions Limited
sme- Date Range 23 Oct- 27 Oct’23
- Price 200
- IPO Size 23