Shivalic Power Controls IPO Lists at 211% Premium in NSE SME IPO

Very Robust Listing for Shivalic Power Controls IPO in NSE-SME Segment

Shivalic Power Controls IPO had a very strong listing on 01st July 2024, listing at ₹311.00 per share, a premium of 211.00% over the issue price of ₹100 per share in the IPO. Here is the pre-open price discovery for the Shivalic Power Controls IPO on the NSE.

PRE-OPEN ORDER COLLECTION SUMMARY

Data Source: NSE

The SME IPO of Shivalic Power Controls was a book built IPO in the price band of ₹95 to ₹100 per share. Considering the strong subscription response at over 257X and the anchor allocation being done at the upper end of the band, the price discovery of the IPO also happened at the upper end of the price band at ₹100 per share. On 01st July 2024, the stock of Shivalic Power Controls listed at ₹311.00 per share, a premium of 211.00% over the IPO price of ₹100.00 per share. For the day, being in the 5% circuit filter category, the upper circuit price has been set at ₹326.55 and the lower circuit price has been set at ₹295.45. 

As of 10.10 am, the volumes were 27.00 lakh shares while the turnover (value) was at ₹8,413 lakhs. The opening market cap of the stock stands at ₹723.47 crore. The equity shares of Shivalic Power Controls (Symbol: SPCL) shall be in Series ST (Trade for Trade Surveillance Segment (TFTS) – Settlement Type W) and subsequently be shifted to Series SM (Normal Rolling Segment – Settlement Type N). At 10.10 am, the stock is trading at ₹300.00, which is -3.54 below the listing price of ₹311.00 per share and the stock is trading slightly tepid after a very strong listing on Monday. The stock of Shivalic Power Controls has a face value of ₹10 per share and the market lot comprises of 1,200 shares. The stock trades under the NSE symbol (SPCL) and the ISIN code for demat credits will be (INE0T7B01010).

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