What you must know about Shivalic Power Controls IPO?
by 5paisa Research Team
18 Jun 2024
Shivalic Power Control IPO Details
- Open Date 24-Jun-24
- Close Date 26-Jun-24
- Lot Size 1200
- IPO Size ₹ 64.32 Cr
- IPO Price Range ₹ 95 to ₹ 100
- Min Investment ₹ 120,000
- Listing Exchange NSE SME
- Basis of Allotment 27-Jun-24
- Refunds 28-Jun-24
- Credit to Demat Account 28-Jun-24
- Listing Date 01-Jul-24
Shivalic Power Control IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Jun-24 | 1.41 | 5.64 | 14.05 | 8.63 |
| 25-Jun-24 | 4.29 | 38.76 | 70.15 | 44.61 |
| 26-Jun-24 | 170.32 | 436.37 | 230.14 | 257.24 |
Shivalic Power Control IPO Synopsis
Last Updated: 26th June, 2024 by 5paisa
Shivalic Power Control IPO is all set to open from 24th June to 26th June 2024. The company manufactures LT and HT electric panels. The IPO includes a fresh issue of 6,432,000 shares worth ₹64.32 cr. The share allotment date is 27th June 2024, and the IPO will be listed on 1st July 2024 on the stock exchanges. The price band is ₹95 to ₹100 and the lot size is 1200 shares.
Corporate Capitalventures Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar.
Objectives of Shivalic Power Control IPO
Shivalic Power Control Limited plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement.
● To fund the purchase of new machinery and civil construction of the warehouse by shedding the roof.
● For inorganic growth via unidentified acquisition.
● General corporate purposes.
Shivalic Power Control IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 64.32 |
| Offer for sale | 64.32 |
| Fresh issue | - |
Shivalic Power Control IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2400 | ₹240,000 |
Shivalic Power Control IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 170.32 | 12,19,200 | 20,76,51,600 | 2,076.52 |
| NII (HNI) | 436.37 | 9,14,400 | 39,90,18,000 | 3,990.18 |
| Retail | 230.14 | 21,33,600 | 49,10,34,000 | 4,910.34 |
| Total | 257.24 | 42,67,200 | 1,09,77,03,600 | 10,977.04 |
Shivalic Power Control IPO Anchor Allocation
| Anchor Bid Date | 21 June, 2024 |
| Total no. of shares offered | 1,828,800 |
| Portion Size for Anchor Investors | 18.29 Cr. |
| Lock in Period for 50% shares (30 days) | 27 July, 2024 |
| Lock in Period for rest of shares (90 days) | 25 September, 2024 |
About Shivalic Power Control
Shivalic Power Control manufactures LT and HT electric panels which are also ISO-certified. The company has an in-house manufacturing facility at Faridabad, Ballabgarh, Haryana. It has ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
It manufactures various electric panels including 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. It is also authorised by L&T, Siemens, Schneider Electric and TDK to make fully type tested panels as per IEC 61439 – 1&2 ,IEC 61641, IS1893.
These products are used in various industries like Sugar, Papers, Cement, Steel, FMCG, and Automobile in India and other countries like Nepal, Bangladesh, and African countries such as Uganda, Kenya, Nigeria, and Algeria.
Some of the renowned clients of Shivalic Power Control are Hewlett Packard, DCM Shriram, Rungta Mines, Reliance Cement, Kalpataru Power Transmission, Jindal Steel & Power, JSW, Bikaji Foods, Dabur, Radico, Naini Paper, J K Paper, Orient Papers, J K Cement, Escorts, Yamaha Motors, etc.
Peer Comparison
● Saakshi Medtech And Panels Limited
● Marine Electricals (India) Limited
For More Information
Webstory on Shivalic Power Control IPO
Shivalic Power Control Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 82.15 | 57.33 | 52.22 |
| EBITDA | 12.72 | 5.04 | 5.01 |
| PAT | 7.16 | 1.74 | 0.67 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 58.27 | 60.97 | 48.69 |
| Share Capital | 10.05 | 10.05 | 10.05 |
| Total Borrowings | 33.76 | 43.63 | 33.09 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 4.12 | 3.72 | -1.26 |
| Net cash from / (used in) investing activities | -0.18 | -2.28 | -0.69 |
| Net cash flow from / (used in) financing activities | -5.97 | 1.28 | 1.40 |
| Net increase (decrease) in cash and cash equivalents | -2.03 | 2.72 | -0.56 |
Shivalic Power Control IPO Key Points
-
Strengths
1. The company ensures Excellence Through Rigorous Quality Control Processes.
2. It has strategic tie-ups with Original Equipment Manufacturers (OEMs).
3. High-quality bus bars contribute to the overall safety of the electrical system, which is one of the strengths of the company.
4. The quality of the techno modular design fully bolted Zero Welding is also a big plus.
5. It is planning to increase marketing efforts.
6. It has a wide product range.
7. Experienced promoters and management team.
-
Risks
1. Inventories and trade receivables form a major part of the current assets.
2. The major source of revenue is generated from the state of Haryana.
3. It is e subject to strict quality requirements.
4. It has significant working capital requirements.
5. It has reported negative cash flow in the past.
Shivalic Power Control
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Shivalic Power Control IPO FAQs
What is the price band of Shivalic Power Control IPO?
The price band of Shivalic Power Control IPO is fixed at ₹95 to ₹100 per share.
What is the minimum lot size and investment required for Shivalic Power Control IPO?
The minimum lot size of Shivalic Power Control IPO is 1200 shares and the investment required is ₹1,14,000.
What is the allotment date of Shivalic Power Control IPO?
The share allotment date of Shivalic Power Control IPO is 27th June 2024.
What is Shivalic Power Control IPO listing date?
The Shivalic Power Control IPO will be listed on 1st July 2024.
Who are the book runners for Shivalic Power Control IPO?
Corporate Capitalventures Private Limited is the book-running lead manager for Shivalic Power Control IPO.
What is the objective of Shivalic Power Control IPO?
Shivalic Power Control plans to utilize the raised capital from the IPO to:
● To fund the working capital requirement.
● To fund the working expenditure requirement.
● To fund the purchase of new machinery and civil construction of the warehouse by shedding the roof.
● For inorganic growth via unidentified acquisition.
● General corporate purposes.
Contact Details of Shivalic Power Control IPO
Contact Information
Shivalic Power Control Limited
Plot No. 72,
Sector- 68, IMT, Faridabad
Ballabgarh- 121004
Phone: +91–97183 88303
Email: compliance@shivalic.com
Website: https://shivalic.com/
Shivalic Power Control IPO Register
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Shivalic Power Control IPO Lead Manager
Corporate Capitalventures Pvt Ltd
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