Shivalic Power Control was incorporated on October 08, 2004. The company is an ISO-certified manufacturer of LT and HT electric panels with an operating history of 20 years. It is a technology-driven company with a strong focus on quality, design, and product development, which has enabled it to develop products tailored to customers’ requirements.
| Bidding Dates |
|---|
| 24 Jun 2024 - 26 Jun 2024 |
| Subscription |
|---|
| 238.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 1200 | 6.4 M | ₹95 - ₹100 | 70.86 % | ₹611.0 M - ₹643.2 M | RHP DOC |
Shivalic Power IPO SUBSCRIPTION STATUS
26 Jun '24Shivalic Power IPO overall subscription rate was 238.64 times the total available shares
Shivalic Power IPO retail subscription rate was 305.02 times in the retail segment
Shivalic Power IPO non-institutional investor subscription rate was 578.48 times in the non-institutional investor category
Shivalic Power IPO Qualified Institutional Bidder subscription rate was 90.22 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Jun 2024 (Day 3) | 305.02x | 578.48x | 90.22x |
25 Jun 2024 (Day 2) | 91.57x | 51.58x | 2.27x |
24 Jun 2024 (Day 1) | 18.02x | 7.36x | 0.75x |
Shivalic Power FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 76.0 | 635.6 | -75.6 | -78.4 | 20.6% |
| FY23 | 71.6 | 821.6 | 41.2 | 39.3 | 15.5% |
| FY22 | 17.5 | 573.3 | 37.3 | 13.5 | 8.8% |
| FY21 | 6.7 | 522.2 | -12.7 | -20.0 | 9.6% |
Shivalic Power IPO SUBSCRIPTION STATUS DETAILS
Shivalic Power had 6.4 M shares on offer
Shivalic Power IPO offer price was in the range ₹95 - ₹100
Shivalic Power IPO minimum Investment was ₹114000
Shivalic Power IPO issue size was ₹ 611.0 M - ₹ 643.2 M
Shivalic Power had a minimum lot size of 1200 Shares per application
Shivalic Power NUMBER OF SHARES ON OFFER
Shivalic Power IPO IMPORTANT DATES
| Issue Open Date | 24 Jun 2024 |
| Issue close Date | 26 Jun 2024 |
| Allotment Date | 27 Jun 2024 |
| Refund Date | 28 Jun 2024 |
| Demat Account Credit Date | 28 Jun 2024 |
| Listing Date | 01 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Shivalic Power Allotment Status | Exchange |
Shivalic Power IPO subscription opened on 24 Jun 2024, and closed on 26 Jun 2024
IPO allotment for Shivalic Power was finalized on Thursday, 27 Jun 2024
IPO listing for Shivalic Power was on NSE on Monday, 01 Jul 2024
Shivalic Power IPO LISTING GAINS
| Issue Price (adjusted) | 100.0 |
| Listing Open Price | 311.0 |
| Listing Close Price | 326.6 |
| Listing Gain% | 211.0% |
| Current Gain% | -34.0% |
Shivalic Power Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shivalic Power Control Ltd. | 66 | 159.2 | 13.5 | 1 | 9.4 | 6.2 | 156.7 | 11.8 | 4.9 | ||||
| ABB India Ltd. | 7600 | 161050.4 | 53.9 | 11.8 | 21.3 | 12.2 | 13555.1 | 8.1 | 1668.3 | -10.9 | 141 | ||
| Hitachi Energy India Ltd. | 32600 | 145306 | 126.3 | 1 | 15.9 | 19.1 | 8.2 | 8387.6 | 30.2 | 987.8 | 157.3 | 258.1 | 127.7 |
| Bharat Heavy Electricals Ltd. | 405.2 | 141093.2 | 58 | 0.1 | 3.9 | 6.1 | 2.1 | 34589.8 | 20.1 | 1600.3 | 199.7 | 7 | 739.4 |
| Siemens Ltd. | 3940.1 | 140315 | 90.2 | -2.2 | 7.8 | 19.9 | 12.9 | 25598.6 | 10.5 | 2751.6 | 1.3 | 43.7 | -40.3 |
| CG Power and Industrial Solutions Ltd. | 879 | 138482.1 | 110.8 | 4.5 | 10.8 | 15.1 | 9.5 | 12662.2 | 25.7 | 1206.3 | 23.8 | 7.9 | 24.7 |
Shivalic Power INFORMATION ON IPO ISSUE
About Shivalic Power
Shivalic Power Control was incorporated on October 08, 2004. The company is an ISO-certified manufacturer of LT and HT electric panels with an operating history of 20 years. It is a technology-driven company with a strong focus on quality, design, and product development, which has enabled it to develop products tailored to customers’ requirements.
Object of the Issue
- To meet the working capital requirements of the company
- To meet out the funding for capital expenditure of the company
- Funding for procurement of new machinery
- Construction of new assembly line by shedding the roof
- To meet out the inorganic growth through unidentified acquisition for company
- General corporate expenses
Shivalic Power - PROMOTERS
| Name |
|---|
| Amit Kanwar Jindal |
| Sapna Jindal |
Shivalic Power Lead Manager to the Issue
Corporate Capital Ventures Private Limited
smeipo@ccvindia.com
Corporate Capital Ventures Private Limited
smeipo@ccvindia.com
Shivalic Power Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Skyline Financial Services Private Limited
ipo@skylinerta.com
Shivalic Power Strengths
Ensuring excellence
The company delivers products of the highest quality, and its dedication to this standard is certified by its ISO certifications, namely ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018
Strategic tie ups
The company's competitive strength lies in the strategic tie-ups it has with Original Equipment Manufacturers. These collaborations help it secure superior-quality raw materials and components at scale, enabling substantial cost savings and ensuring a consistent and reliable supply chain
Shivalic Power Risks
Negative cash flows
The company had negative cash flows in the past years. Sustained negative cash flow could impact the growth and business
Certain legal proceedings
The company is involved in certain legal proceedings potential litigations. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect the business and results of operations
IPO FAQs
The promoters of the company are Amit Kanwar Jindal and Sapna Jindal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 100.0.
The IPO application opens on Jun 24, 2024 and closes on Jun 26, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jun 27, 2024.
The refund will be credited to your account on Jun 28, 2024.
The allotted shares will be credited to your demat on Jun 28, 2024.
Shivalic Power Control Ltd.’s shares listed on the stock exchanges on Jul 01, 2024.