Shivalic Power Control IPO Details: The IPO date is set, opening on June 24 and closing on June 26. Shivalic Power Control aims to raise ₹64.32 crores through this NSE SME IPO. The price band is set at ₹95 to ₹100 per share, with a market lot of 1200 shares.
Shivalic Power Control Limited, an ISO-certified manufacturer of LT and HT electric panels, has been a prominent player in the industry for 20 years. Known for its commitment to quality, design, and product development, the company creates products tailored to meet customer needs. Its expansive 125,000 square-foot manufacturing facility produces a wide range 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.
Authorized by leading industry giants such as L&T, Siemens, Schneider Electric, and TDK, Shivalic Power Control manufactures fully type-tested panels in accordance with IEC 61439-1&2, IEC 61641, and IS1893 standards. The company serves over 15 industrial sectors both domestically and internationally, with markets in Nepal, Bangladesh, and various African countries like Uganda, Kenya, Nigeria, and Algeria.
With a dedicated team of engineers specializing in advanced design and development, Shivalic Power Control manufactures Techno Modular Design – Fully Bolted Panels with Aluminum and Copper Bus Bars. This high-quality focus sets them apart from traditional welded panel manufacturers. Most of their materials are sourced directly from major industrial players such as L&T, Siemens, ABB, C&S, and EPCOS. Traditionally serving industries like FMCG, metal, cement, and automotive, Shivalic Power Control has recently expanded its services to the data center industry, leveraging their expert team of engineers, designers, and support staff
Shivalic Power Control IPO Objectives:
The company plans to utilize the net proceeds for the following purposes:
Meeting the working capital requirements
Funding capital expenditures
Procuring new machinery
Civil construction of a warehouse by installing a roof
Supporting inorganic growth through unidentified acquisitions
Covering general corporate expenses
Shivalic Power Control IPO Review:
Recommendation: Apply
Shivalic Power Control Price Band Details
| IPO Open: | June 24, 2024 |
| IPO Close: | June 26, 2024 |
| IPO Size: | Approx ₹64.32 Crores, 6,432,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹95 to ₹100 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Shivalic Power Control IPO Market Lot:
The minimum market lot for the Shivalic Power Control IPO is 1200 shares, requiring an application amount of ₹120,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹ 1,20,000 |
| Retail (Max) | 1 | 1200 | ₹ 1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹ 2,40,000 |
Shivalic Power Control IPO Dates
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment | Thursday, June 27, 2024 |
| Initiation of Refunds | Friday, June 28, 2024 |
| Credit of Shares to Demat | Friday, June 28, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
Shivalic Power Control IPO Reservation
| 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 Limited Financial Information
| Amount in ₹ Lakhs | ||||
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 7,814.35 | 5,827.00 | 6,097.56 | 4,869.44 |
| Revenue | 6,379.16 | 8,269.39 | 5,741.44 | 5,238.00 |
| Profit After Tax | 760.11 | 716.26 | 174.79 | 67.28 |
| Net Worth | 3,063.44 | 2,303.33 | 1,587.07 | 1,412.28 |
| Reserves and Surplus | 3,110.22 | 2,350.11 | 1,633.85 | 1,459.05 |
| Total Borrowing | 3,328.94 | 899.92 | 2,722.65 | 2,393.66 |
Key Performance Indicator
| KPI | Values |
| ROE | 28.33% |
| ROCE | 19.20% |
| Debt/Equity | 1.09 |
| RoNW | 28.33% |
| P/BV | 5.58 |
| PAT Margin (%) | 11.96 |
Shivalic Power Control IPO Valuation
| Earning Per Share (EPS): | ₹71.25 per Equity Share |
| Price/Earning P/E Ratio: | 21.35 |
| Return on Net Worth (RoNW): | 36.82% |
| Net Asset Value (NAV): | ₹229.14 per Equity Share |
Peer Group
Saakshi Medtech and Panels Limited
Marine Electricals (India) Limited
Company Promoters
Mr. Amit Kanwar Jindal
Mrs. Sapna Jindal
Shivalic Power Control IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Shivalic Power Control IPO Allotment Status
Check the Shivalic Power Control IPO allotment status on the Skyline Financial website.
Shivalic Power Control IPO Lead Managers (Merchant Bankers)
Corporate Capitalventures Pvt Ltd
Company Address
Shivalic Power Control Limited
Plot No. 72,
Sector-68, IMT, Faridabad
Ballabgarh-121004
Phone: +91–97183 88303
Email: compliance@shivalic.com
Website: https://shivalic.com/
Shivalic Power Control IPO FAQs
What is Shivalic Power Control IPO?
Shivalic Power Control IPO is an NSE SME IPO aiming to raise ₹64.32 Crores, priced at ₹95 to ₹100 per equity share. It will be listed on NSE.
When will Shivalic Power Control IPO open?
The IPO opens on June 24, 2024, for QIB, NII, and Retail Investors.
What is the investor allocation for Shivalic Power Control IPO?
QIB: 50%
NII: 15%
Retail: 35%
How to apply for the Shivalic Power Control IPO?
You can apply online via ASBA through your bank account or UPI through your stock brokers. You can also apply offline through your stock brokers.
How to apply for Shivalic Power Control IPO through Zerodha?
Log in to Console on the Zerodha website or app.
Go to Portfolio and click on IPO.
Select “Shivalic Power Control” and click on the Bid button.
Enter your UPI ID, quantity, and price.
Submit the IPO application form.
Approve the mandate on your UPI app (Net Banking or BHIM).
How to apply for Shivalic Power Control IPO through Upstox?
Log in to the Upstox app.
Select the IPO section.
Find “Shivalic Power Control” and click on the Bid button.
Confirm your application.
Approve the mandate on your UPI app (Net Banking or BHIM).
How to apply for Shivalic Power Control IPO through Paytm Money?
Log in to the Paytm Money app.
Select the IPO section.
Find “Shivalic Power Control” and click on the Bid button.
Confirm your application.
Approve the mandate on your UPI app (Net Banking or BHIM).
What is the Shivalic Power Control IPO size?
The IPO size is ₹64.32 crores.
What is the price band for the Shivalic Power Control IPO?
The price band is ₹95 to ₹100 per equity share.
What is the minimum and maximum lot size for the Shivalic Power Control IPO?
The minimum bid is 1200 shares, amounting to ₹120,000.
What is the allotment date for the Shivalic Power Control IPO?
The allotment date is June 27, 2024.
When will the Shivalic Power Control IPO be listed?
The listing date is July 1, 2024, on the NSE SME.