Shivalic Power Control Limited IPO
- IPO Date24 Jun, 2024 to 26 Jun, 2024
- Listing Date01 Jul, 2024
- Face Value₹10 per share
- Issue Price₹95 to ₹100 per share
- Lot Size1200 Shares
- Minimum Investment₹1,20,000
- Listing AtNSE SME
- Total Issue Size64,32,000 Shares
(aggregating up to ₹64.32 Cr) - Fresh Issue64,32,000 Shares
(aggregating up to ₹64.32 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,76,83,754
- Shareholding post issue2,41,15,752
IPO Dates
Closing Date
26 Jun, 2024
Initiation of Refunds
28 Jun, 2024
Listing Date
01 Jul, 2024
24 Jun, 2024
Opening Date
27 Jun, 2024
Basis of Allotment
28 Jun, 2024
Credit of Shares
Shivalic Power Control Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,20,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,20,000 |
| S-HNI (Min) | 2 | 2400 | ₹2,40,000 |
| S-HNI (Max) | - | - | - |
Shivalic Power Control Limited Promoter Holding
The promoters of the company are Mr. Amit Kanwar Jindal and Mrs. Sapna Jindal.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.63% | 70.86% |
Shivalic Power Control Limited COMPANY INFORMATION
Shivalic Power Control IPO is a book built issue of Rs 64.32 crores. The issue is entirely a fresh issue of 64.32 lakh shares. Shivalic Power Control IPO opens for subscription on June 24, 2024 and closes on June 26, 2024. The allotment for the Shivalic Power Control IPO is expected to be finalized on Thursday, June 27, 2024. Shivalic Power Control IPO will list on NSE SME with tentative listing date fixed as Monday, July 1, 2024. Shivalic Power Control IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000. Corporate Capitalventures Pvt Ltd is the book running lead manager of the Shivalic Power Control IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Shivalic Power Control IPO is Ss Corporate Securities. Refer to Shivalic Power Control IPO RHP for detailed information.
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.
Shivalik Power Control Limited IPO Analysis
The Shivalik Power Control Limited IPO is an exciting opportunity for investors to consider. In this analysis, we will break down the key aspects of the IPO, including the company's strengths, potential risks, and the pros and cons of investing.
Summary of Shivalik Power Control Limited IPO
Shivalik Power Control Limited is a company with a solid track record in manufacturing and supplying transformers, substations, and other electrical equipment. The company aims to raise funds through its IPO to expand its operations, pay off debts, and strengthen its market position.
Important Points from the Document
- Company Background: Shivalik Power Control Limited has been in the electrical equipment industry for several years, with a focus on transformers and substations.
- IPO Objectives: The primary objectives of the IPO include raising capital for expansion, reducing debt, and enhancing the company's market presence.
- Financial Performance: The company has shown steady growth in revenue and profits over the past few years, making it a potentially attractive investment.
Pros of Investing in Shivalik Power Control Limited IPO
- Established Market Presence: Shivalik Power Control Limited has a well-established presence in the electrical equipment industry, which gives it a competitive edge.
- Strong Growth Potential: The company's focus on expansion and innovation indicates strong growth potential in the coming years.
- Debt Reduction: A portion of the funds raised through the IPO will be used to pay off debts, which could improve the company's financial health.
- Experienced Management Team: The company is led by an experienced management team with a deep understanding of the industry.
Cons of Investing in Shivalik Power Control Limited IPO
- Market Competition: The electrical equipment industry is highly competitive, and the company faces significant competition from both domestic and international players.
- Economic Sensitivity: The company's performance is closely tied to the overall economic environment, and any downturn could negatively impact its growth.
- Debt Levels: While the IPO aims to reduce debt, the company's existing debt levels could still pose a risk to investors.
- Regulatory Risks: The electrical equipment industry is subject to strict regulations, and any changes in regulatory policies could affect the company's operations.
Conclusion
Investing in the Shivalik Power Control Limited IPO offers both opportunities and risks. The company has a strong market presence, potential for growth, and an experienced management team. However, investors should be mindful of the competitive landscape, economic sensitivity, and existing debt levels.
FAQs About Shivalic Power Control Limited Ipo
Shivalic Power Control Limited IPO will open on 24 Jun, 2024 and close on 26 Jun, 2024. Investors must apply within this period to participate.
The Shivalic Power Control Limited IPO price band is set between ₹95.00 and ₹100.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹120000.00.
The Shivalic Power Control Limited IPO shares are expected to be listed on 01 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Shivalic Power Control Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Shivalic Power Control Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.