Shivalic Power Control IPO: Read in Detail Before Investing

Shivalic Power Control IPO is open for subscription starting Monday, June 24, 2024, and closing on Wednesday, June 26, 2024. The price of this upcoming IPO is decided at Rs 95 to Rs 100 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,20,000 ( 100 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,40,000 (100 x 2400 shares). Shivalic Power Control IPO is a book-built issue of Rs 64.32 crores. This upcoming IPO is entirely a fresh issue of 64.32 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, June 27, 2024. Shivalic Power Control IPO will be listed on NSE SME, and the listing date is fixed on Monday, July 1, 2024. The book-running lead manager of Shivalic Power Control IPO is Corporate Capital Ventures Private Limited. The registrar for this IPO is Skyline Financial Services Private Limited. The market maker for this IPO is SS Corporate Securities.

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About Shivalic Power Control Limited

Shivalic Power Control includes PPC panels, IMCC Panels, Smart Panels, MCC Panels, DC synchronisation panels, Outdoor panels, VFD Panels, Power distribution boards, Bus Duct and LT and many more. The peer companies such as L&T, Siemens, Schneider Electric, and TDK authorise the Shivalic Power to manufacture fully type-tested panels. They manufacture 11kv and 33kv of HT Panels. The company serves these panels to more than 15 industrial sectors in India and outside India, including Nepal, Bangladesh, and African countries such as Uganda, Kenya, Nigeria, and Algeria.  Shivalic Power Control’s manufacturing facility has been certified to meet international standards for quality management, environmental management, and occupational health and safety management. Shivalic’s manufacturing unit is located in Faridabad, Ballabgarh, Haryana, and has a production capacity of 10,000 verticals per annum.

Objectives of Shivalic Power Control IPO

The funds received will be allocated to meet the company's day-to-day capital requirements, capex, procurement of new machinery, civil construction of the warehouse by shedding the roof, and inorganic growth by acquisition. In addition, general corporate purposes will also be fulfilled. 

Financials of Shivalic Power Control Limited (Amt in Rs Lakhs)

Shivalic Power Control posted revenue of Rs 6,379.16 lakhs and net profit of Rs 760.11 lakhs for the period ending on 31st December 2023. The company’s revenue increased  by 44.03% and PAT increased by 309.78% between the FY ending on 31st March 2023 and 31st March 2022. 

Other Important Details of Shivalic Power Control IPO

Time-Table of Shivalic Power Control IPO

Lot Size of Shivalic Power Control IPO

IPO Reservation of Shivalic Power Control Limited

Performance Indicator of Shivalic Power Control Limited

The market capitalization of Shivalic Power Control is Rs 241.16 crore.

EPS and P/E Ratio Post IPO

Promoters of Shivalic Power Control Limited and Their Holdings

The promoters of Shivalic Power Control company are Amit Kanwar Jindal and Sapna Jindal.

Lead Manager(s) of Shivalic Power Control IPO

The lead manager for Shivalic Power Control IPO is Corporate Capital Ventures Private Limited.

How do you apply for the Shivalic Power Control IPO?

Wait for the public issue to open for subscription, then click here to apply for the Shivalic Power Control Limited IPO with Bigul.

How do you check the allotment status of Shivalic Power Control IPO?

Skyline Financial Services Private Limited is the registrar for Shivalic Power Control IPO. To check your allotment status, please click here.

FAQs

1. What are the details of the Shivalic Power Control IPO?

Shivalic Power Control IPO is a book-built-issue of Rs 64.32 crores. This upcoming IPO is entirely a fresh issue of 64.32 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, June 27, 2024. 

2. Who are the lead managers for the Shivalic Power Control Limited IPO?

Corporate Capital Ventures Private Limited is appointed as the lead manager for the IPO.

3. What is the role of Skyline Financial Services in this IPO?

Skyline Financial Services Private Limited is the registrar for Shivalic Power Control Limited, handling the IPO's administrative aspects.

4. How can I apply for the Shivalic Power Control IPO?

The public subscription of this new IPO will open on June 24, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The funds received will be allocated to meet the company's day-to-day capital requirements, capex, procurement of new machinery, civil construction of the warehouse by shedding the roof, and inorganic growth by acquisition. In addition, general corporate purposes will also be fulfilled. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Shivalic Power Control Limited IPO by visiting here. For further updates follow Bigul. 

7. What is the financial performance of Shivalic Power Control Limited?

Shivalic Power Control posted revenue of Rs 6,379.16 lakhs and net profit of Rs 760.11 lakhs for the period ending on 31st December 31 2023. The company’s revenue increased by 44.03% and PAT increased by 309.78% between the FY ending on March 31, 2023 and March 31, 2022.

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