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Founded in 2004, Shivalic Power Control IPO specializes in manufacturing electric panels. Their product range includes various types of panels such as PCC, IMCC, Smart, MCC, DG synchronisation, Outdoor, HT up to 33KV, VFD, Power Distribution Boards, Bus Ducts, and LT & HT APFC Panels.
Authorized by industry leaders like L&T, Siemens, Schneider Electric and TDK, Shivalic Power Control manufactures fully type tested panels following international and national standards.
They serve over 15 industrial sectors across India and internationally including Nepal, Bangladesh and several African countries such as Uganda, Kenya, Nigeria and Algeria.
Shivalic Power Control IPO Overview
Shivalic Power Control plans to raise ₹64.32 crores through its IPO, which will involve only new shares. The share price for the IPO is set between ₹95 and ₹100 per share.
It will be open for subscription from 24 to 26 June. Share allotment is expected by 27 June 2024 and the shares are set to be listed on NSE SME segment by 1 July 2024.
Mr. Amit Kanwar Jindal and Mrs. Sapna Jindal currently own 96.63% of the company. However, after the company is listed, her ownership will reduce to 70.86%. Skyline Financial Services Private Ltd is the registrar for the IPO.
Shivalic Power Control IPO GMP
As of June 19, IPO has a Grey Market Premium of ₹155. With the upper price band set at ₹100, the estimated listing price is ₹255 (Upper price band + today’s GMP). Indicating a gain of 155% per share.
Stay tuned with Trade Target for daily updates on Shivalic Power Control IPO GMP and the expected listing price.
- Date: 27– June – 2024
- Shivalic Power Control GMP: ₹175 (175%)
- Date: 26– June – 2024
- Shivalic Power Control GMP: ₹175 (175%)
- Date: 25– June – 2024
- Shivalic Power Control GMP: ₹175 (175%)
- Date: 24– June – 2024
- Shivalic Power Control GMP: ₹165 (165%)
- Date: 23– June – 2024
- Shivalic Power Control GMP: ₹155 (155%)
- Date: 22– June – 2024
- Shivalic Power Control GMP: ₹155 (155%)
- Date: 21– June – 2024
- Shivalic Power Control GMP: ₹155 (155%)
- Date: 20– June – 2024
- Shivalic Power Control GMP: ₹155 (155%)
- Date: 19– June – 2024
- Shivalic Power Control GMP: ₹155 (155%)
How can one apply for Shivalic Power Control IPO?
For retail investors minimum investment starts with 1 lot including 1200 shares at a cost of ₹120,000 and this is the maximum limit for retail investors to apply in IPO.
For HNIs minimum investment is set at 2 lots including 2,400 shares and costs ₹240,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail (Min) | 1 | 1200 | ₹120,000 |
Retail (Max) | 1 | 1200 | ₹120,000 |
S-HNI (Min) | 2 | 2400 | ₹240,000 |
Shivalic Power Control IPO Financial
Shivalic Power Control has demonstrated growth in its profitability over the past three years. As of March 31, 2023, the company reported a Profit After Tax of ₹716.26 lakhs. This marks an increase from the previous year, where the PAT was ₹174.79 lakhs as of March 31, 2022. Further reflecting their upward trajectory, PAT for the year ending March 31, 2021, stood at ₹67.28 lakhs.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
Assets in (₹ Lakhs) | 5,827.00 | 6,097.56 | 4,869.44 |
Revenue (₹ Lakhs) | 8,269.39 | 5,741.44 | 5,238.00 |
PAT (₹ Lakhs) | 716.26 | 174.79 | 67.28 |
Total Borrowing (₹ Lakhs) | 899.92 | 2,722.65 | 2,393.66 |
Shivalic Power Control Vs Peers
Shivalic Power Control has very low EPS and decent P/E in comparison to its peers. Higher EPS is always considered good.
| Company | EPS Diluted | P/E(x) |
|---|---|---|
Shivalic Power Control Limited | 4.19 | 24.69 |
Saakshi Medtech And Panels Limited | 9.53 | - |
Marine Electricals (india) Limited | 1.56 | 22.54 |
Shivalic Power Control IPO Quota allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Expected Listing Date for Shivalic Power Control IPO
- Subscription Period: 24 June to 26 June
- Basis of Allotment Finalization: 27 June 2024
- Initiation of Refunds: 28 June 2024
- Demat Credits: 28 June 2024
- Listing Date: 1 July 2024
- Listing on: NSE SME
