Shivalic Power Control Limited IPO Details
| 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 | 1,200 Shares |
| Total Issue Size | 64,32,000 shares (aggregating up to ₹ 64.32 Cr) |
| Fresh Issue | 64,32,000 shares (aggregating up to ₹ 64.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,76,83,754 |
| Shareholding post issue | 2,41,15,754 |
| Market Maker portion | 3,36,000 shares Ss Corporate Securities |
About 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.
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.
Shivalic Power Control Limited IPO Financial Information
Latest Revenue
6,379.16
₹ Crore
Profit After Tax
760.11
₹ Crore
Net Worth
3,063.44
₹ Crore
Total Borrowing
3,328.94
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 7,814.35 | 6,379.16 | 760.11 | 3,063.44 | 3,328.94 | ||||
| 31 Mar 2023 | 5,827.00 | 8,269.39 | 716.26 | 2,303.33 | 899.92 | ||||
| 31 Mar 2022 | 6,097.56 | 5,741.44 | 174.79 | 1,587.07 | 2,722.65 | ||||
| 31 Mar 2021 | 4,869.44 | 5,238.00 | 67.28 | 1,412.28 | 2,393.66 | ||||
| Amount in ₹ Crore | |||||||||
Shivalic Power Control Limited 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 |
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Competitive Strengths
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Shivalic Power Control Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| HNI (Min) | 2 | 2,400 | ₹240,000 |