Shivalic Power Control Limited- IPO

Shivalic Power Control Limited’s (IPO) opens on June 24, 2024, and closes on June 26, 2024. The allotment for the Shivalic Power Control IPO is anticipated to be completed on Thursday, June 27, 2024. The IPO will be listed on the NSE and SME, with a tentative listing date set for Monday, July 1, 2024.

The price band for the Shivalic Power Control IPO is set at Rs 95 to 100 per share. The IPO is a book-built issue of Rs 64.32 crores, entirely a fresh issue of 64.32 lakh shares.

Shivalic Power Control IPO Details

Shivalic Power Control IPO Lot Size

Shivalic Power Control IPO Objectives

The objectives of the Issue are:

1. Funding for procurement of new machinery.
2. Civil construction of the warehouse by shedding the roof.
3. To meet out the inorganic growth through unidentified acquisition for the Company.
4. General Corporate Expenses.

About Shivalic Power Control Limited

Shivalik Power Control Limited was founded in 2004.

Established as an ISO-certified industry, Shivalik Power Control Limited manufactures electric panels.

The product portfolio of the company includes PCC panels, IMCC panels, smart panels, MCC panels, DG synchronization panels, outdoor panels, HT panels up to 33 kV, VFD panels, power distribution boards, bus ducts, and LT & HT APFC panels.

The company manufactures HT panels of 11 kV and 33 kV. They 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.

Shivalic Power Control Limited Financial Information

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.

Shivalic Power Control IPO Timeline

Conclusion

Shivalic Power Control Limited is set to launch its IPO from June 24 to June 26, 2024, with a price band of Rs 95 to Rs 100 per share. The IPO entails a fresh issue of 6,432,000 shares, aggregating up to Rs 64.32 crores, exclusively for funding machinery procurement, civil construction, potential acquisitions, and general corporate expenses. The company, founded in 2004 and ISO-certified, specializes in manufacturing a wide array of electric panels, serving diverse sectors domestically and internationally. With impressive financial performance marked by substantial revenue and profit growth, Shivalic Power Control Limited aims to leverage its IPO to further expand operations and solidify market presence. Anticipated to list on NSE SME on July 1, 2024, investors are advised to assess the company’s prospects and industry conditions before participating in this offering.