Shivalic Power Control - AstroIPO

Shivalic Power Control


June 23, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Shivalic Power Control Ltd., an electric equipment manufacturer in the capital goods sector, is set to launch its initial public offering (IPO) on the National Stock Exchange (NSE) from June 24 to 26, 2024. The company aims to raise between Rs. 61.10 crore and Rs. 64.32 crore through this book-building issue.

The IPO offers 64.32 lakh shares with a price band of Rs. 95 to Rs. 100 per share. The minimum application size is 1200 shares, and retail subscriptions are capped at Rs. 5,00,000. Shivalic Power Control’s shares are expected to list on the NSE on July 1, 2024.

This IPO provides an opportunity to enter the electric equipment industry, a sector that often benefits from infrastructure development and industrial growth. The company’s focus on power control equipment suggests a specialization in a critical area of electrical infrastructure. This niche may offer growth potential as power grids modernize and expand.

India’s push for improved electricity access and grid reliability could drive demand for electric equipment.

Shivalic Power Control Details

IPO Size 64.32
Price Range ₹95 - ₹100
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1200
Investment (cut-off price) ₹120,000
Pre IPO Promotor Holding 96.63%
Post IPO Promotor Holding 70.86%
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Shivalic Power Control Timelines

24/06/2024
Start Date
26/06/2024
End Date
27/06/2024
Allotment Date View Status
28/06/2024
Refund Initiation
28/06/2024
Credit of Shares to Demat Ac
01/07/2024
Listing Date

Shivalic Power Control Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹120,000
Retail Maximum 1 1200 ₹120,000
S-HNI Minimum 2 2400 ₹240,000

Shivalic Power Control Subscription Status

QIB NII Retail EMP Total
170.32 x 436.82 x 230.32 x -- 257.43 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹311 ₹326.55 ₹326.55 ₹297

Shivalic Power Control Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹52.38 ₹51.27 ₹0.67
FY 2022 ₹57.41 ₹55.50 ₹1.75
FY 2023 ₹82.69 ₹73.11 ₹7.16
FY 2024 (9M) ₹63.79 ₹53.50 ₹7.60

About Company

Founded in 2004, Shivalic Power Control Limited specialises in manufacturing electric panels. The company’s diverse product portfolio 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.

Recognised industry leaders such as L&T, Siemens, Schneider Electric, and TDK authorise Shivalic Power Control to manufacture fully type-tested panels in compliance with IEC 61439 – 1&2, IEC 61641, and IS1893 standards.

The company produces 11KV and 33KV HT Panels, serving over 15 industrial sectors across India and internationally, including Nepal, Bangladesh, and several African nations such as Uganda, Kenya, Nigeria, and Algeria.

Incorporation Date Sector Managing Director
2004 Electricals Amit Kanwar Jindal

Know Before Investing

Shivalic Power Control Strengths

  • Adheres to ISO 9001:2015, 14001:2015, 45001:2018 standards.
  • Independent QA Lab with advanced testing and QA services.
  • Collaborates with L&T, Siemens, ABB, and TDK for materials.
  • Innovative 3D bus bar bending technology enhancing electrical conductivity.
  • Fully bolted modular design, ensuring durability and thermal stability.
  • Strong marketing network focused on customer needs and customisation.

Shivalic Power Control Risks

  • ₹694.87 lakh bank guarantees pose a potential financial risk.
  • Secured loans of ₹2,906.77 lakh risk forfeiture upon default.
  • Inventory and trade receivables mismanagement impacts profitability and liquidity.
  • Top 10 clients’ loss could significantly affect revenue and profitability.
  • Past negative cash flows could hinder future growth and operations.
  • Demand for ₹2,952.06 lakh loans repayment may affect financial stability.

Swot Analysis for Shivalic Power Control

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

Shivalic Power Control Limited Plot No. 72, Sector- 68, IMT, Faridabad Ballabgarh- 121004 Phone: +91–97183 88303 Email: [email protected] Websitehttps://shivalic.com/

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: [email protected]

Website: https://www.skylinerta.com/ipo.php

Company Details

Shivalic Power Control Limited

Plot No. 72,
Sector- 68, IMT, Faridabad
Ballabgarh- 121004

Phone: +91–97183 88303

Email: [email protected]

Website: https://shivalic.com/

IPO Registar Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: [email protected]

Website: https://www.skylinerta.com/ipo.php

FAQs

The key objectives of Shivalic Power Control IPO are:

  • To meet the working capital requirements of the company;
  • To meet the funding for capital expenditure of the company;
    • Funding for procurement of new machinery
    • Construction of a new assembly line by shedding the roof
  • To meet out the inorganic growth through unidentified acquisitions for the company; and
  • General Corporate Expenses.

Corporate Capital Ventures Pvt Ltd. is the book-running lead managers for the Shivalic Power Control IPO.

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