Shivalic Power Control IPO
IPO Listing Details
- Listing Date
01 Jul 2024
- Listing Price
₹ 311.00
- Listing Change
211.00%
- Last Traded Price
₹ 241.15
IPO Details
- Open Date
24 Jun 2024
- Close Date
26 Jun 2024
- IPO Price Range
₹ 95 to ₹ 100
- IPO Size
₹ 64.32 Cr
- Listing Exchange
NSE SME
- Listing Date
01 Jul 2024
IPO Timeline
Shivalic Power Control IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Jun-24 | 1.41 | 5.64 | 14.05 | 8.63 |
| 25-Jun-24 | 4.29 | 38.76 | 70.15 | 44.61 |
| 26-Jun-24 | 170.32 | 436.37 | 230.14 | 257.24 |
Last Updated: 05 July 2024 10:33 AM by 5Paisa
Last Updated: 26th June, 2024 by 5paisa
Shivalic Power Control IPO is all set to open from 24th June to 26th June 2024. The company manufactures LT and HT electric panels. The IPO includes a fresh issue of 6,432,000 shares worth ₹64.32 cr. The share allotment date is 27th June 2024, and the IPO will be listed on 1st July 2024 on the stock exchanges. The price band is ₹95 to ₹100 and the lot size is 1200 shares.
Corporate Capitalventures Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Shivalic Power Control IPO
Shivalic Power Control Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement.
● To fund the purchase of new machinery and civil construction of the warehouse by shedding the roof.
● For inorganic growth via unidentified acquisition.
● General corporate purposes.
Shivalic Power Control IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 64.32 |
| Offer for sale | 64.32 |
| Fresh issue | - |
Shivalic Power Control IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2400 | ₹240,000 |
Shivalic Power Control IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 170.32 | 12,19,200 | 20,76,51,600 | 2,076.52 |
| NII (HNI) | 436.37 | 9,14,400 | 39,90,18,000 | 3,990.18 |
| Retail | 230.14 | 21,33,600 | 49,10,34,000 | 4,910.34 |
| Total | 257.24 | 42,67,200 | 1,09,77,03,600 | 10,977.04 |
Shivalic Power Control IPO Anchor Allocation
| Anchor Bid Date | 21 June, 2024 |
| Total no. of shares offered | 1,828,800 |
| Portion Size for Anchor Investors | 18.29 Cr. |
| Lock in Period for 50% shares (30 days) | 27 July, 2024 |
| Lock in Period for rest of shares (90 days) | 25 September, 2024 |
Shivalic Power Control manufactures LT and HT electric panels which are also ISO-certified. The company has an in-house manufacturing facility at Faridabad, Ballabgarh, Haryana. It has ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
It manufactures various electric panels including 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. It is also authorised by L&T, Siemens, Schneider Electric and TDK to make fully type tested panels as per IEC 61439 – 1&2 ,IEC 61641, IS1893.
These products are used in various industries like Sugar, Papers, Cement, Steel, FMCG, and Automobile in India and other countries like Nepal, Bangladesh, and African countries such as Uganda, Kenya, Nigeria, and Algeria.
Some of the renowned clients of Shivalic Power Control are Hewlett Packard, DCM Shriram, Rungta Mines, Reliance Cement, Kalpataru Power Transmission, Jindal Steel & Power, JSW, Bikaji Foods, Dabur, Radico, Naini Paper, J K Paper, Orient Papers, J K Cement, Escorts, Yamaha Motors, etc.
Peer Comparison
● Saakshi Medtech And Panels Limited
● Marine Electricals (India) Limited
For More Information
Webstory on Shivalic Power Control IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 82.15 | 57.33 | 52.22 |
| EBITDA | 12.72 | 5.04 | 5.01 |
| PAT | 7.16 | 1.74 | 0.67 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 58.27 | 60.97 | 48.69 |
| Share Capital | 10.05 | 10.05 | 10.05 |
| Total Borrowings | 33.76 | 43.63 | 33.09 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 4.12 | 3.72 | -1.26 |
| Net cash from / (used in) investing activities | -0.18 | -2.28 | -0.69 |
| Net cash flow from / (used in) financing activities | -5.97 | 1.28 | 1.40 |
| Net increase (decrease) in cash and cash equivalents | -2.03 | 2.72 | -0.56 |
Strengths
1. The company ensures Excellence Through Rigorous Quality Control Processes.
2. It has strategic tie-ups with Original Equipment Manufacturers (OEMs).
3. High-quality bus bars contribute to the overall safety of the electrical system, which is one of the strengths of the company.
4. The quality of the techno modular design fully bolted Zero Welding is also a big plus.
5. It is planning to increase marketing efforts.
6. It has a wide product range.
7. Experienced promoters and management team.
Risks
1. Inventories and trade receivables form a major part of the current assets.
2. The major source of revenue is generated from the state of Haryana.
3. It is e subject to strict quality requirements.
4. It has significant working capital requirements.
5. It has reported negative cash flow in the past.
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FAQs
The price band of Shivalic Power Control IPO is fixed at ₹95 to ₹100 per share.
The minimum lot size of Shivalic Power Control IPO is 1200 shares and the investment required is ₹1,14,000.
The share allotment date of Shivalic Power Control IPO is 27th June 2024.
The Shivalic Power Control IPO will be listed on 1st July 2024.
Corporate Capitalventures Private Limited is the book-running lead manager for Shivalic Power Control IPO.
Shivalic Power Control plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement.
● To fund the purchase of new machinery and civil construction of the warehouse by shedding the roof.
● For inorganic growth via unidentified acquisition.
● General corporate purposes.
Contact Information
Shivalic Power Control
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 Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Shivalic Power Control IPO Lead Manager
Corporate Capitalventures Pvt Ltd
