Shivalic Power Control IPO is a book built issue of Rs 64.32 crores. The issue is entirely a fresh issue of 64.32 lakh shares.
Shivalic Power Control IPO opens for subscription on June 24, 2024 and closes on June 26, 2024. The allotment for the Shivalic Power Control IPO is expected to be finalized on Thursday, June 27, 2024. Shivalic Power Control IPO will list on NSE SME with tentative listing date fixed as Monday, July 1, 2024.
Shivalic Power Control IPO price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹240,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Shivalic Power Control IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Shivalic Power Control IPO is Ss Corporate Securities.
Refer to Shivalic Power Control IPO RHP for detailed information.
Shivalic Power Control IPO Details
| IPO Date | June 24, 2024 to June 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 6,432,000 shares (aggregating up to ₹64.32 Cr) |
| Fresh Issue | 6,432,000 shares (aggregating up to ₹64.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,683,754 |
| Share holding post issue | 24,115,754 |
| Market Maker portion | 336,000 shares Ss Corporate Securities |
Shivalic Power Control IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Shivalic Power Control IPO Anchor Investors Details
Shivalic Power Control IPO raises Rs 18.29 crore from anchor investors. Shivalic Power Control IPO Anchor bid date is June 21, 2024.
| Bid Date | June 21, 2024 |
| Shares Offered | 1,828,800 |
| 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 Timeline (Tentative Schedule)
Shivalic Power Control IPO opens on June 24, 2024, and closes on June 26, 2024.
| IPO Open Date | Monday, June 24, 2024 |
| IPO Close Date | Wednesday, June 26, 2024 |
| Basis of Allotment | Thursday, June 27, 2024 |
| Initiation of Refunds | Friday, June 28, 2024 |
| Credit of Shares to Demat | Friday, June 28, 2024 |
| Listing Date | Monday, July 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2024 |
Shivalic Power Control IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
| Lot Size Calculator | |||
Shivalic Power Control IPO Promoter Holding
The promoters of the company are Mr. Amit Kanwar Jindal and Mrs. Sapna Jindal.
| Share Holding Pre Issue | 96.63% |
| Share Holding Post Issue | 70.86% |
About Shivalic Power Control Limited
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 Financial Information (Restated)
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 |
| Revenue | 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 | ||||
Key Performance Indicator
The market capitalization of Shivalic Power Control IPO is Rs 241.16 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 28.33% |
| ROCE | 19.20% |
| Debt/Equity | 1.09 |
| RoNW | 28.33% |
| P/BV | 5.58 |
| PAT Margin (%) | 11.96 |
Check Shivalic Power Control IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.05 | 4.2 |
| P/E (x) | 24.69 | 23.79 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Shivalic Power Control IPO Objectives)
The company intends to utilize the Net Proceeds for the following objects:
- To meet the working capital requirements of the company
- To meet the capital expenditure of the company
- Funding for procurement of new machinery.
- Civil construction of warehouse by shedding the roof.
- To meet out the inorganic growth through unidentified acquisition for the Company
- General Corporate Expenses
Shivalic Power Control IPO Review (May apply)
[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…
Shivalic Power Control IPO Prospectus
Shivalic Power Control Limited Contact Details
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 Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php