Shivalic Power Control IPO: Date, Review, GMP Price & Allotment Details

IPO Date: 24 - 26 June - 2024

Price: ₹100
Lot Size: 1200 Shares
Allotment Date: 27-June-2024
Listing Date: 1-July-2024
IPO Size: Approx ₹64.32 Crores, 6,432,000 Equity Shares

IPO GMP:- 170% or ₹170
Listing Gain 100%

Shivalic Power Control IPO Details: The Shivalic Power Control IPO is scheduled to open on June 24 and will close on June 26. This IPO aims to raise ₹64.32 crores through the NSE SME platform, with a price band set between ₹95 and ₹100 per share and a minimum lot size of 1200 shares.

Shivalic Power Control Limited, an ISO-certified manufacturer of LT and HT electric panels, boasts a 20-year history in the industry. The company is known for its strong emphasis on quality, design, and product development, enabling it to create products tailored to its customers’ needs. Their extensive 125,000 square-foot manufacturing facility allows them to produce 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.

Shivalic Power Control is authorized by industry leaders such as L&T, Siemens, Schneider Electric, and TDK to manufacture 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, including markets in Nepal, Bangladesh, and various African countries like Uganda, Kenya, Nigeria, and Algeria.

The company employs a dedicated team of engineers specializing in advanced design and development. This expertise allows them to manufacture Techno Modular Design – Fully Bolted Panels with Aluminum and Copper Bus Bars, distinguishing them from traditional welded panel manufacturers with their high-quality focus. Shivalic Power Control sources most of its materials directly from major industrial players such as L&T, Siemens, ABB, C&S, and EPCOS. Traditionally serving industries like FMCG, metal, cement, and automotive, the company has recently expanded its services to the data center industry, leveraging their team of expert engineers, designers, and support staff.

Shivalic Power Control IPO Objectives:

The company intends to utilize the Net Proceeds for the following objects:

  1. To meet the working capital requirements of the company
  2. To meet the capital expenditure of the company
  3. Funding for procurement of new machinery.
  4. Civil construction of warehouse by shedding the roof.
  5. To meet out the inorganic growth through unidentified acquisition for the Company
  6. General Corporate Expenses

Shivalic Power Control IPO Review (Apply or Not)

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Shivalic Power Control IPO Date & 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
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors in IPO:Click Here

Shivalic Power Control IPO Lot Size:

The Shivalic Power Control IPO has set a minimum market lot of 1200 shares, requiring a minimum application amount of ₹120,000.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹120,000
Retail Maximum11200₹120,000
S-HNI Minimum22400₹240,000

Shivalic Power Control IPO Timeline:

The Shivalic Power Control IPO will open on June 24 and close on June 26. The IPO allotment date is scheduled for June 27, with a potential listing date of July 1.

IPO Open Date:June 24, 2024
IPO Close Date:June 26, 2024
Basis of Allotment:June 27, 2024
Refunds:June 28, 2024
Credit to Demat Account:June 28, 2024
IPO Listing Date:July 1, 2024

Shivalic Power Control IPO GMP Today:

the last Grey Market Premium (GMP) for Shivalic Power Control’s SME IPO is ₹170. With a price band capped at ₹100, the estimated listing price is ₹270 per share (cap price + today’s GMP). This suggests an expected percentage gain of 170% per share.

Shivalic Power Control Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹52.38₹51.27₹0.67
2022₹57.41₹55.50₹1.75
2023₹82.69₹73.11₹7.16
Dec 2023₹63.79₹53.50₹7.60

Shivalic Power Control IPO Valuation – FY2023

Check Shivalic Power Control IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

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 Shivalic Power Control IPO allotment status on Skyline Financial website URL. Click Here

Shivalic Power Control IPO Lead Managers aka 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

1. What are the IPO dates for Shivalic Power Control?

  • The Shivalic Power Control IPO opens on June 24, 2024, and closes on June 26, 2024.

2. What is the price band for the Shivalic Power Control IPO?

  • The price band for the Shivalic Power Control IPO is set between ₹95 and ₹100 per share.

3. What is the minimum market lot size for the Shivalic Power Control IPO?

  • The minimum market lot size is 1200 shares.

4. How much is the minimum investment required for the Shivalic Power Control IPO?

  • The minimum investment required is ₹120,000.

5. What is the Grey Market Premium (GMP) for Shivalic Power Control IPO?

  • As of June 18, 2024, the last GMP for Shivalic Power Control IPO is ₹170.

6. How is the estimated listing price calculated for Shivalic Power Control IPO?

  • The estimated listing price is calculated as the cap price of ₹100 plus the current GMP of ₹170, totaling ₹270 per share.

7. What is the expected percentage gain/loss per share for the Shivalic Power Control IPO?

  • The expected percentage gain per share is 170%.

8. When is the allotment date for the Shivalic Power Control IPO?

  • The IPO allotment date is June 27, 2024.

9. When is the Shivalic Power Control IPO expected to be listed?

  • The IPO is expected to be listed on July 1, 2024.

10. What does Shivalic Power Control Limited specialize in?

  • Shivalic Power Control Limited specializes in manufacturing LT and HT electric panels, with a strong focus on quality, design, and product development.

11. How long has Shivalic Power Control Limited been in operation?

  • The company has been operating for 20 years.

12. What are some of the key products manufactured by Shivalic Power Control Limited?

  • Key products include 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.

13. Which major industry leaders authorize Shivalic Power Control Limited?

  • The company is authorized by L&T, Siemens, Schneider Electric, and TDK.

14. In which markets does Shivalic Power Control Limited operate?

  • The company serves over 15 industrial sectors in India and international markets such as Nepal, Bangladesh, and various African countries including Uganda, Kenya, Nigeria, and Algeria.

15. What makes Shivalic Power Control Limited’s manufacturing process unique?

  • They utilize Techno Modular Design – Fully Bolted Panels with Aluminum and Copper Bus Bars, distinguishing them from traditional welded panel manufacturers.

16. From where does Shivalic Power Control source its materials?

  • Materials are sourced directly from industrial giants like L&T, Siemens, ABB, C&S, and EPCOS.

17. What new industry has Shivalic Power Control Limited recently started serving?

  • They have recently started serving the data center industry.

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IPO Date: 24 - 26 June - 2024

Price: ₹100
Lot Size: 1200 Shares
Allotment Date: 27-June-2024
Listing Date: 1-July-2024
IPO Size: Approx ₹64.32 Crores, 6,432,000 Equity Shares

IPO GMP:- 170% or ₹170
Listing Gain 100%

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