Shivalic Power Control IPO will open for subscription from 24 June 2024. The company aims for an issue size of ₹64.32 Cr through this IPO.
Company Overview
| Full name | Shivalic Power Control Limited |
| Sector | Capital Goods |
| Industry | Electric Equipment |
| Company Website | https://shivalic.com/ |
About Company
Shivalic Power Control, an ISO-certified company, has been crafting LT and HT electric panels for over two decades. Renowned for their cutting-edge designs, they offer a wide array of electric panels including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Ducts, and LT & HT APFC Panels. Shivalic stands out as the sole panel manufacturer leading the way in non-welded panel technology, enhancing energy efficiency and minimizing waste.
Shivalic Power Control is authorized by industry giants like L&T, Siemens, Schneider Electric, and TDK to manufacture fully type-tested panels according to IEC 61439 – 1&2, IEC 61641, and IS1893 standards. Serving over 15 industrial sectors, the company extends its reach beyond India to countries like Nepal, Bangladesh, and various African nations including Uganda, Kenya, Nigeria, and Algeria.
The company’s manufacturing facility is situated in Ballabgarh, Haryana, with a production capacity of 10,000 verticals per year. As of 31 December 2023, the company employs a total of 180 staff members across various departments.
The Objectives of the Issue
- To meet the working capital requirements of the company
- To meet the capital expenditure of the company
- Funding for procurement of new machinery.
- Civil construction of warehouse by shedding the roof.
- To meet out the inorganic growth through unidentified acquisition for the Company
- General Corporate Expenses
Shivalic Power Control IPO Timetable
| IPO Opening date | 24 June 2024 |
| IPO Closing | 26 June 2024 |
| Basis of Allotment | 27 June 2024 |
| Initiation Refund | 28 June 2024 |
| Credit to Demat Account | 28 June 2024 |
| Listing Date | 01 July 2024 |
Shivalic Power Control IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹64.32 Cr – 6,432,000 shares |
| Fresh Issue | ₹64.32 Cr – 6,432,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 336,000 shares |
| Shareholding pre-issue | 17,683,754 |
| Shareholding post-issue | 24,115,754 |
| Listing Exchange | NSE SME |
Shivalic Power Control IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
Shivalic Power Control Offer Documents
Shivalic Power Control IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,828,800 (28.43%) |
| Market Maker Shares Offered | 336,000 (5.22%) |
| QIB Shares Offered | 1,219,200 (18.96%) |
| NII (HNI) Shares Offered | 914,400 (14.22%) |
| Retail Shares Offered | 2,133,600 (33.17%) |
| Total Shares Offered | 6,432,000 (100%) |
Shivalic Power Control Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 52.22 | 57.33 | 82.16 | 63.56 |
| Expenses | 51.27 | 55.50 | 73.11 | 53.50 |
| Net income | 0.67 | 1.75 | 7.16 | 7.60 |
Shivalic Power Control Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.39 | 1.02 | 4.19 |
| PE ratio | – | – | 22.67 – 23.87 |
| RONW (%) | 4.84 | 11.66 | 36.82 |
| NAV | 8.26 | 9.29 | 13.48 |
| ROCE (%) | 9.84 | 9.22 | 24.64 |
| EBITDA (%) | 9.61 | 8.79 | 15.48 |
| Debt/Equity | 1.69 | 1.72 | 1.02 |
Company Promoters
- Mr. Amit Kanwar Jindal
- Mrs. Sapna Jindal.
Promoter Holding
| Pre Issue Share Holding | 96.63% |
| Post Issue Share Holding | 70.86% |
Shivalic Power Control Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 June 2024 | 170 | – | 1,56,000 |
| 26 June 2024 | 170 | – | 1,56,000 |
| 25 June 2024 | 160 | – | 1,45,000 |
| 24 June 2024 | 150 | – | 1,37,000 |
| 22 June 2024 | 155 | – | 1,40,000 |
| 21 June 2024 | 155 | – | 1,40,000 |
| 20 June 2024 | 150 | – | 1,35,000 |
| 19 June 2024 | 170 | – | 1,45,000 |
Shivalic Power Control IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 12,19,200 | 9,14,400 | 21,33,600 | 42,67,200 |
| 26 Jun 2024 | 170.32 | 436.74 | 230.14 | 257.32 |
| 25 Jun 2024 | 4.29 | 38.95 | 69.14 | 44.14 |
| 24 Jun 2024 | 1.41 | 5.56 | 13.61 | 8.40 |
Shivalic Power Control IPO Allotment Status
Shivalic Power Control IPO Listing Details
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Shivalic Power Control IPO Listing Day Update
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Shivalic Power Control IPO Lead Manager(s)
CORPORATE CAPITALVENTURES PRIVATE LIMITED
B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 – 41824066
Email: smeipo@ccvindia.com
Website: www.ccvindia.com
Shivalic Power Control Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone: +91-11-26812683
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Shivalic Power Control Contact Details
SHIVALIC POWER CONTROL LIMITED
Plot No. 72, Sector- 68, IMT, Faridabad,
Ballabgarh, Haryana – 121004, India
Phone: +91 – 97183 88303
E-mail: compliance@shivalic.com
Website: www.shivalic.com
Shivalic Power Control IPO FAQs
What is the Shivalic Power offer size?
Shivalic Power’s offer size is ₹ 61.10 – 64.32 crores.
What is the Shivalic Power offer price band?
Shivalic Power’s public offer price is ₹ 95 – 100 per share.
What is the lot size of the Shivalic Power IPO?
Shivalic Power offer a lot size is 1,200 shares.
What is Shivalic Power IPO GMP today?
Shivalic Power IPO GMP today is ₹ 170 per share.
What is the Shivalic Power kostak rate today?
Shivalic Power kostak rate today is ₹ NA per application.
What is Shivalic Power Subject to the Sauda rate today?
Shivalic Power is Subject to the Sauda rate today is ₹ 1,56,000 per application.
Final thoughts
Shivalic Power Control IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
