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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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shivalic Power Control Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
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 | 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 Limited IPO Timeline
| 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 Limited 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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 96.63% |
| Share Holding Post Issue | 70.86% |
Competitive Strength:
- -
Shivalic Power Control Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | 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 | ||||||||||||||||||||||||||||||||||||||||
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.
RHP:
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Frequently Asked Questions (FAQs)
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What is the Shivalic Power Control IPO?
The IPO will open on June 24, 2024, for QIB, NII, and Retail Investors.
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When will the Shivalic Power Control IPO open?
The IPO will open on June 24, 2024, for QIB, NII, and Retail Investors.
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What is the Shivalic Power Control IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Shivalic Power Control IPO Size?
Shivalic Power Control's IPO size is ₹64.32 crores.
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What is the Shivalic Power Control IPO Price Band?
Shivalic Power Control IPO Price Band is ₹95 to ₹100 per equity share.
