Bookbuilding IPO | ₹64 Cr | Listed at NSE SME | Mon, Jun 24, 2024 - Wed, Jun 26, 2024
Shivalic Power Control IPO is a book build issue of ₹64.32 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹64.32 crore.
Shivalic Power Control IPO bidding started from Jun 24, 2024 and ended on Jun 26, 2024. The allotment for Shivalic Power Control IPO was finalized on Jun 27, 2024. The shares got listed on NSE SME on Jul 1, 2024.
Shivalic Power Control IPO price band is set at ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Shivalic Power Control IPO RHP for detailed Information.
IPO Open
Mon, Jun 24, 2024
IPO Close
Wed, Jun 26, 2024
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹241.16 Cr
| IPO Date | 24 to 26 Jun, 2024 |
| Listed on | Mon, Jul 1, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,32,000 shares (agg. up to ₹64 Cr) |
| Reserved for Market Maker | 3,36,000 shares SS Corporate Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 60,96,000 shares (agg. up to ₹61 Cr) |
| Net Offered to Public | 60,96,000 shares (agg. up to ₹61 Cr) |
| Share Holding Pre Issue | 1,76,83,754 shares |
| Share Holding Post Issue | 2,41,15,754 shares |
| NSE Symbol | SPCL |
| ISIN | INE0T7B01010 |
Shivalic Power Control IPO comprises a total issue size of 64,32,000 shares. The net offer to the public is 60,96,000 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 30,48,000 (50.00%) are allocated to QIB, 9,14,400 (15.00%) allocated to NII 21,33,600 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,48,000 | 50.00% | 47.39% |
| − Anchor Investor Shares Offered | 18,28,800 | 28.43% | |
| − QIB (Ex. Anchor) Shares Offered | 12,19,200 | 18.96% | |
| NII (HNI) Shares Offered | 9,14,400 | 15.00% | 14.22% |
| Retail Shares Offered | 21,33,600 | 35.00% | 33.17% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.22% | |
| Total Shares Offered | 64,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Shivalic Power Control IPO raises ₹18.29 crore from anchor investors. Shivalic Power Control IPO Anchor bid date is June 21, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 21, 2024 |
| Shares Offered | 18,28,800 |
| Anchor Portion (₹ Cr.) | 18.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 25, 2024 |
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 78.14 | 58.27 | 60.98 | 48.69 |
| Total Income | 63.79 | 82.69 | 57.41 | 52.38 |
| Profit After Tax | 7.60 | 7.16 | 1.75 | 0.67 |
| NET Worth | 30.63 | 23.03 | 15.87 | 14.12 |
| Reserves and Surplus | 31.10 | 23.50 | 16.34 | 14.59 |
| Total Borrowing | 33.29 | 9.00 | 27.23 | 23.94 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 28.33% |
| ROCE | 19.20% |
| Debt/Equity | 1.09 |
| RoNW | 28.33% |
| PAT Margin | 11.96% |
| Price to Book Value | 5.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.05 | 4.20 |
| P/E (x) | 24.69 | 23.79 |
| Promoter Holding | 96.63% | 70.86% |
| Market Cap | ₹241.16 Cr. |
The Shivalic Power Control IPO is subscribed 257.24 times on June 26, 2024 6:19:58 PM (Day 3). The public issue subscribed 230.14 times in the retail category, 170.32 times in the QIB category, and 436.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 170.32 | 12,19,200 | 20,76,51,600 |
| NII* | 436.37 | 9,14,400 | 39,90,18,000 |
| Retail | 230.14 | 21,33,600 | 49,10,34,000 |
| Total | 257.24 | 42,67,200 | 1,09,77,03,600 |
Total Application : 4,09,196
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Issue Management | 0.30 |
| 2 | Selling and Distribution Fees | 3.22 |
| 3 | Underwriting Commission | 2.57 |
| 4 | Advertising and marketing expenses | 0.18 |
| 5 | Fees payable to Registrar to the Issue | 0.02 |
| 6 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.01 |
| 7 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.10 |
| 8 | Printing and distribution of issue stationery | 0.02 |
| 9 | Listing fees | 0.01 |
| 10 | NSE Processing fee | 0.00 |
| 11 | Book Building software fees | 0.04 |
| 12 | Other regulatory expenses | 0.15 |
| 13 | Fees payable to legal counsel | 0.01 |
| 14 | Miscellaneous | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹311.00 |
| Low | ₹297.00 |
| High | ₹326.55 |
| Last Trade | ₹326.55 |
Lead Manager Reports
Shivalic Power Control IPO is a SME IPO of 64,32,000 equity shares of the face value of ₹10 aggregating up to ₹64 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Jun 24, 2024, and closes on Wed, Jun 26, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shivalic Power Control IPO using UPI as a payment gateway. Zerodha customers can apply in Shivalic Power Control IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shivalic Power Control IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shivalic Power Control IPO opens on Mon, Jun 24, 2024 and closes on Wed, Jun 26, 2024.
Shivalic Power Control IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Shivalic Power Control IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shivalic Power Control IPO will be done on Thursday, June 27, 2024, and the allotted shares will be credited to your demat account by Fri, Jun 28, 2024. Check the Shivalic Power Control IPO allotment status.
The Shivalic Power Control IPO listing date is on Mon, Jul 1, 2024.
