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14 Nov 2024
Shivalic Power Control Limited IPO
Shivalic Power Control Limited is an ISO-certified LT and HT electric panel manufacturer with an operating history of 20 years. They are a technology-driven company with a strong focus on quality, design and product development, which has allowed them to develop products suited to their customers’ requirements. Their 1,25,000 Sq. Feet of in-house manufacturing unit allowed them to manufacture a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels. 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 price band is set at ₹95 to ₹100 per share. The minimum lot size for an application is 1200 Shares. Corporate Capital Ventures 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.
Shivalic Power Control IPO Overview
| Detail | Description |
|---|---|
| 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 |
| Shareholding pre issue | 17,683,754 |
| Shareholding post issue | 24,115,754 |
| Market Maker portion | 336,000 shares Ss Corporate Securities |
Shivalic Power Control IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |
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 Promoter Holding
| Share Holding Pre Issue | 96.63% |
| Share Holding Post Issue | 70.86% |
Shivalic Power Control IPO Anchor Investors Details
| 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 |
Company & Financials
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 synchronization 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 serves 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.
Shivalic Power Control Limited Financial Information
| 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
| KPI | Values |
|---|---|
| ROE | 28.33% |
| ROCE | 19.20% |
| Debt/Equity | 1.09 |
| RoNW | 28.33% |
| P/BV | 5.58 |
| PAT Margin (%) | 11.96 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.05 | 4.2 |
| P/E (x) | 24.69 | 23.79 |
Objectives of Shivalic Power Control IPO
The company intends to utilize the Net Proceeds for the following objectives:
- 1. To meet the working capital requirements of the company.
- 2. To meet the capital expenditure of the company.
- 3. Funding for procurement of new machinery.
- 4. Civil construction of the warehouse by shedding the roof.
- 5. To meet out the inorganic growth through unidentified acquisition for the Company.
- 6. General Corporate Expenses.
Shivalic Power Control IPO Review
The company is in the manufacturing of LT & HT electric panels which is a 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.
FAQs for Shivalic Power Control IPO
-
What is the Shivalic Power Control IPO?
Shivalic Power Control IPO is an NSE SME IPO. They are going to raise ₹64.32 Crores via IPO. The issue is priced at ₹95 to ₹100 per equity share. The IPO is to be listed on NSE.
-
When will the Shivalic Power Control IPO open?
The IPO will open on June 24, 2024, for QIB, NII, and Retail Investors.
-
What is the Shivalic Power Control IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Shivalic Power Control IPO Size?
Shivalic Power Control's IPO size is ₹64.32 crores.
-
What is the Shivalic Power Control IPO Price Band?
Shivalic Power Control IPO Price Band is ₹95 to ₹100 per equity share.
-
What is the Shivalic Power Control IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹120,000.
-
What is the Shivalic Power Control IPO Allotment Date?
Shivalic Power Control IPO allotment date is June 27, 2024.
-
What is the Shivalic Power Control IPO Listing Date?
Shivalic Power Control IPO listing date is July 1, 2024. The IPO to list on NSE SME.
RHP:
RHP of Shivalic Power Control Limited IPO
DRHP:
DRHP of Shivalic Power Control Limited IPO
Anchor Investor Link:
Anchor Investor Link of Shivalic Power Control Limited IPO
-
What is the Shivalic Power Control IPO?
Shivalic Power Control IPO is an NSE SME IPO. They are going to raise ₹64.32 Crores via IPO. The issue is priced at ₹95 to ₹100 per equity share. The IPO is to be listed on NSE.
-
When will the Shivalic Power Control IPO open?
The IPO will open on June 24, 2024, for QIB, NII, and Retail Investors.
-
What is the Shivalic Power Control IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Shivalic Power Control IPO Size?
Shivalic Power Control's IPO size is ₹64.32 crores.
-
What is the Shivalic Power Control IPO Price Band?
Shivalic Power Control IPO Price Band is ₹95 to ₹100 per equity share.
-
What is the Shivalic Power Control IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹120,000.
-
What is the Shivalic Power Control IPO Allotment Date?
Shivalic Power Control IPO allotment date is June 27, 2024.
-
What is the Shivalic Power Control IPO Listing Date?
Shivalic Power Control IPO listing date is July 1, 2024. The IPO to list on NSE SME.
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