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Shivalic Power Control Limited


Issue Price

₹95- ₹100

per equity share

Issue Size

46.03 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot


equity share

Please note

Listing at NSE

Shivalic Power Control Limited

Important Dates

IPO Open Date

24 Jun 2024

IPO Close Date

26 Jun 2024

Allotment Date

27 Jun 2024

Initiation of Refunds

28 Jun 2024

Credit of Shares to Demat Account

28 Jun 2024

IPO Listing Date

01 Jul 2024

UPI Mandate Expiry Date

26 Jun 2024

IPO Details

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.

Parent Organisation




Managing Director

Amit Kanwar Jindal

IPO Objectives

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. 

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • 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
  • Approve the mandate request on your UPI and funds will be blocked

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