Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Shivalik Engineering Industries Ltd. on September 13, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Shivalik Engineering Industries Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. Axis Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Shivalik Engineering IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jul 1, 2024 |
| SEBI/Exchange approval received | Fri, Sep 13, 2024 |
| SEBI approval expired | Sat, Sep 13, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2007, Shivalik Engineering Industries Limited is a precision engineering company in India focused on the manufacturing of casting components for use in industries such as automotive, agriculture, railways, and off-highway vehicles. The company offers metal components for commercial vehicles, tractors, rail infrastructure, and pipe fittings, with 297 SKUs as of December 31, 2023.
Product Segments
Customers
The company supplies components to several well-known domestic and international customers in the commercial vehicle, tractor, off-highway, railways, and pipe fitting segments. Indian clients include brands such as Daimler India Commercial Vehicles, Ashok Leyland, Mahindra and Mahindra, International Tractors, and more. Export clients include Accuride Corporation and Webb Wheel Products Inc., among others.
Manufacturing & Facilities
Employees: As of December 31, 2023, the company had 1,206 permanent employees.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 398.42 | 335.67 | 190.11 | 187.37 |
| Total Income | 521.50 | 552.34 | 313.26 | 188.89 |
| Profit After Tax | 55.64 | 26.05 | 4.08 | 1.03 |
| NET Worth | 213.72 | 159.42 | 64.63 | 52.48 |
| Reserves and Surplus | 209.27 | 154.19 | 56.59 | 44.97 |
| Total Borrowing | 109.59 | 125.22 | 154.39 | 157.91 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for setting up of the Solar Plant. | 179.24 |
| 2 | Expansion of existing manufacturing units, i.e., expansion of existing foundry capacity by setting up a new foundry line. | 50.00 |
| 3 | General corporate purposes. |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 26.21% |
| ROCE | 31.72% |
| Debt/Equity | 0.79 |
| RoNW | 23.26% |
| PAT Margin | 5.55% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.54 | |
| Promoter Holding | 89.75% |
Lead Manager Reports
Shivalik Engineering IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Shivalik Engineering IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shivalik Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Shivalik Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shivalik Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shivalik Engineering IPO dates are not announced. Please check back again after some time.
Shivalik Engineering IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shivalik Engineering 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 Shivalik Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shivalik Engineering IPO allotment status.
The Shivalik Engineering IPO listing date is not yet announced. The tentative date of listing is .
