Shivalic Power Control Limited IPO Detail
Founded in 2004, Shivalic Power Control Limited manufactures electric panels. The product portfolio of the company includes PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
Industry leaders such as L&T, Siemens, Schneider Electric, and TDK authorize the company to manufacture fully type-tested panels as per IEC 61439 - 1&2, IEC 61641, and IS1893.
The company manufactures 11kv and 33kv of HT Panels.
The company serve these panels to more than 15 industrial sectors in India as well as outside India, including Nepal, Bangladesh, and African countries such as Uganda, Kenya, Nigeria, and Algeria.
The company's manufacturing facility has been certified to meet international standards for quality management systems, environmental management systems, and occupational health and safety management systems, as outlined in ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018.
The company's manufacturing unit is located in Faridabad, Ballabgarh, Haryana, and has a production capacity of 10,000 verticals per annum.
As of December 31, 2023, the company has a total of 180 employees.
Company Promoters
Mr. Amit Kanwar Jindal and Mrs. Sapna Jindal.IPO Details
| IPO Opening Date | Jun 24, 2024 |
| IPO Closing Date | Jun 26, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 - 100 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹64.32 Cr |
| Fresh Issue | ₹64.32 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.41x | 0.00x | 0.00x | 5.65x | 14.17x | 8.70x |
| Day 2 | 4.29x | 0.00x | 0.00x | 38.85x | 70.59x | 44.84x |
| Day 3 | 170.32x | 0.00x | 0.00x | 436.37x | 230.14x | 257.24x |
IPO Tentative Timetable
The Shivalic Power Control Limited IPO open date is Jun 24, 2024, and the close date is Jun 26, 2024. The issue may list on Jul 01, 2024.
| IPO Open Date | Jun 24, 2024 |
| IPO Close Date | Jun 26, 2024 |
| Basis of Allotment Date | Jun 27, 2024 |
| Initiation of Refunds | Jun 28, 2024 |
| Credit of Shares to Demat Account | Jun 28, 2024 |
| IPO Listing Date | Jul 01, 2024 |
IPO Lot Size
The Shivalic Power Control Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹120000 |
| Maximum | 1 | 1200 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 96.63% |
| Post Issue Share Holding | 70.86% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 4869.44 | 5238.00 | 67.28 |
| 31-Mar-22 | 6097.56 | 5741.44 | 174.79 |
| 31-Mar-23 | 5827.00 | 8269.39 | 716.26 |
| 31-Dec-23 | 7814.35 | 6379.16 | 760.11 |
Objects of the Issue:
The company intends to utilize the Net Proceeds for the following objects:
- 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 Limited IPO Registrar:
Skyline Financial Services Private Ltd
Shivalic Power Control Limited IPO Lead Manager(s):
Corporate Capitalventures Pvt Ltd
Company Contact Information:
Shivalic Power Control Limited
Plot No. 72,
Sector- 68, IMT, Faridabad
Ballabgarh- 121004
