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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 ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,14,000 (1200 shares). The minimum lot size investment for 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 Date | June 24, 2024 to June 26, 2024 |
| Listing Date | July 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,32,000 shares (aggregating up to ₹64.32 Cr) |
| Reserved for Market Maker | 3,36,000 shares SS Corporate Securities Ltd. (aggregating up to ₹3.36 Cr) |
| Net Offered to Public | 60,96,000 shares (aggregating up to ₹60.96 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,76,83,754 shares |
| Share Holding Post Issue | 2,41,15,754 shares |
Shivalic Power Control IPO offers total 64,32,000 shares. Out of which 30,48,000 (47.39%) allocated to QIB, 12,19,200 (18.96%) allocated to QIB, 9,14,400 (14.22%) allocated to NII, 21,33,600 (33.17%) allocated to RII and 18,28,800 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,36,000 (5.22%) |
| QIB Shares Offered | 30,48,000 (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 (14.22%) |
| Retail Shares Offered | 21,33,600 (33.17%) |
| Total Shares Offered | 64,32,000 (100.00%) |
Shivalic Power Control IPO raises ₹18.29 crore from anchor investors. Shivalic Power Control IPO Anchor bid date is June 21, 2024. Shivalic Power Control IPO Anchor Investors list
| Bid Date | June 21, 2024 |
| Shares Offered | 18,28,800 |
| Anchor Portion Size (In Cr.) | 18.29 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 27, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 25, 2024 |
Shivalic Power Control IPO opens on June 24, 2024, and closes on June 26, 2024.
| IPO Open Date | Mon, Jun 24, 2024 |
| IPO Close Date | Wed, Jun 26, 2024 |
| Tentative Allotment | Thu, Jun 27, 2024 |
| Initiation of Refunds | Fri, Jun 28, 2024 |
| Credit of Shares to Demat | Fri, Jun 28, 2024 |
| Tentative Listing Date | Mon, Jul 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jun 26, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Shivalic Power Control Limited's revenue increased by 44.03% and profit after tax (PAT) rose by 309.78% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 7,814.35 | 5,827.00 | 6,097.56 | 4,869.44 |
| Total Income | 6,379.16 | 8,269.39 | 5,741.44 | 5,238.00 |
| Profit After Tax | 760.11 | 716.26 | 174.79 | 67.28 |
| Net Worth | 3,063.44 | 2,303.33 | 1,587.07 | 1,412.28 |
| Reserves and Surplus | 3,110.22 | 2,350.11 | 1,633.85 | 1,459.05 |
| Total Borrowing | 3,328.94 | 899.92 | 2,722.65 | 2,393.66 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Shivalic Power Control IPO is ₹241.16 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 4.05 | 4.20 |
| P/E (x) | 24.69 | 23.79 |
The company intends to utilize the Net Proceeds for the following objects:
[Dilip Davda] The company is in the manufacturing of LT & HT electric panels which is highly fragmented segment. It marked average growth in top lines, but boosted bottom lines from FY23 onwards is surprising. The sustainability of such margins raises concern. Based on FY24 super annualized earnings, the issue appears fully priced, discounting all near term positives. Well-informed may park moderate funds for the long term rewards. Read detail review...
| Listing Date | July 1, 2024 |
| BSE Script Code | |
| NSE Symbol | SPCL |
| ISIN | INE0T7B01010 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹311.00 |
| Low | ₹297.00 |
| High | ₹326.55 |
| Last Trade | ₹326.55 |
Shivalic Power Control Ltd.
Plot No. 72,
Sector- 68, IMT,
Ballabgarh-
Faridabad, Haryana, 121004
Phone: +91–97183 88303
Email: compliance@shivalic.com
Website: https://shivalic.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Shivalic Power Control IPO is a SME IPO of 64,32,000 equity shares of the face value of ₹10 aggregating up to ₹64.32 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on June 24, 2024, and closes on June 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 June 24, 2024 and closes on June 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 Friday, June 28, 2024. Check the Shivalic Power Control IPO allotment status.
The Shivalic Power Control IPO listing date is on Monday, July 1, 2024.
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