Shivalic Power Control IPO

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 nameShivalic Power Control Limited
SectorCapital Goods
IndustryElectric Equipment
Company Website

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 date24 June 2024
IPO Closing26 June 2024
Basis of Allotment27 June 2024
Initiation Refund28 June 2024
Credit to Demat Account28 June 2024
Listing Date01 July 2024
(Cut-off time for UPI mandate confirmation – 5 PM on June 26, 2024)

Shivalic Power Control IPO details

Issue typeBook Built Issue IPO
IPO issue size₹64.32 Cr – 6,432,000 shares
Fresh Issue₹64.32 Cr – 6,432,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹95 to ₹100 per share
Lot size1200 Shares
Market Maker portion336,000 shares
Shareholding pre-issue17,683,754
Shareholding post-issue24,115,754
Listing ExchangeNSE SME

Shivalic Power Control IPO Lot Size

Retail (Min)11200₹120,000
Retail (Max)11200₹120,000
HNI (Min)22,400₹240,000

Shivalic Power Control Offer Documents

Shivalic Power Control IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,828,800 (28.43%)
Market Maker Shares Offered336,000 (5.22%)
QIB Shares Offered1,219,200 (18.96%)
NII (HNI) Shares Offered914,400 (14.22%)
Retail Shares Offered2,133,600 (33.17%)
Total Shares Offered6,432,000 (100%)

Shivalic Power Control Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income0.671.757.167.60
(Amount in ₹ Crores)

Shivalic Power Control Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio22.67 – 23.87
RONW (%)4.8411.6636.82
ROCE (%)9.849.2224.64
EBITDA (%)9.618.7915.48

Company Promoters

  • Mr. Amit Kanwar Jindal
  • Mrs. Sapna Jindal.

Promoter Holding

Pre Issue Share Holding96.63%
Post Issue Share Holding70.86%

Shivalic Power Control Offer GMP Update

DateConsolidated IPO GMPKostakSubject to Sauda
27 June 20241701,56,000
26 June 20241701,56,000
25 June 20241601,45,000
24 June 20241501,37,000
22 June 20241551,40,000
21 June 20241551,40,000
20 June 20241501,35,000
19 June 20241701,45,000

Shivalic Power Control IPO Subscription Update

Shares Offered12,19,2009,14,40021,33,60042,67,200
26 Jun 2024170.32436.74230.14257.32
25 Jun 20244.2938.9569.1444.14
24 Jun 20241.415.5613.618.40
(The market maker reservation portion of 3,36,000 shares and anchor allocation of 18,28,800 shares are not included)

Shivalic Power Control IPO Allotment Status

Shivalic Power Control IPO Listing Details

Listing Date
BSE Scrip Code
NSE Symbol
Final Issue Price

Shivalic Power Control IPO Listing Day Update

Listing Exchange
Final Issue Price
Last Trade

Shivalic Power Control IPO Lead Manager(s)

B1/E13, First Floor, Mohan Co-operative Industrial Estate,
Mathura Road, New Delhi – 110044
Phone: +91 11 – 41824066

Shivalic Power Control Registrar

D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone: +91-11-26812683

Shivalic Power Control Contact Details

Plot No. 72, Sector- 68, IMT, Faridabad,
Ballabgarh, Haryana – 121004, India
Phone: +91 – 97183 88303

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

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