Shivalic Power Control IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: When will Shivalic Power Control Limited IPO open for subscription?

The IPO subscription window will open on June 24, 2024 .

IPO Details

Bidding Dates

24 Jun '24 - 26 Jun '24

Minimum Investment

₹1,20,000/1 Lot ( 1,200 Shares )

Price Range

₹95 - ₹100

Maximum Investment

₹1,20,000/1 Lot ( 1,200 Shares )

Retail Discount

Not Applicable

Issue Size

₹64.32 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

Shivalic Power Control Limited IPO Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jun 24, 2024

Closing Date

Jun 26, 2024

Allotment Date

Jun 27, 2024

Initiation of Refunds

Jun 28, 2024

Credit of Shares to Demat

Jun 28, 2024

Listing Date

Jul 1, 2024

Cut-off time for UPI mandate confirmation

Jun 26, 2024

About Shivalic Power Control Limited

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.

The company's state-of-the-art manufacturing facility, located in Faridabad, Ballabgarh, Haryana, boasts a production capacity of 10,000 verticals per annum and adheres to international standards for quality management, environmental management, and occupational health and safety, as certified by ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

As of December 31, 2023, Shivalic Power Control Limited employs 180 dedicated professionals, reflecting its commitment to excellence and innovation in the electric panel manufacturing industry.

Industry Outlook:

The global electric control panel market will grow from $5.87 billion in 2024 to $7.79 billion in 2028, maintaining a CAGR of 7.3%.
India's electrical equipment market is projected to grow at a CAGR of 11.68%, increasing by $52,975.77 million from 2022 to 2027.

Shivalic Power Control Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

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.

Peer Details

The companies considered by Shivalic Power Control as its peers include:

Saakshi Medtech And Panels Limited
Marine Electricals (India) Limited

How to Check the Allotment Status of the Shivalic Power Control Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app
Go to the individual order details page of the IPO that you had applied for.
Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Shivalic Power Control Limited

Registered office: Plot No. 72, Sector- 68, IMT, Faridabad, Ballabgarh, Haryana – 121004, India

Phone: 91 – 97183 88303

E-mail: compliance@shivalic.com

IPO Financials

Particulars	For the period ended on December 31, 2023	Year ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Revenue (in ₹ lakh)	6,379.16	8,269.39	5,741.44	5,238.00
Profit After Tax (PAT) (in ₹ lakh)	760.11	716.26	174.79	67.28
Cash & Cash Equivalents (in ₹ lakh)	127.62	104.74	307.78	35.25
Net Worth (in ₹ lakh)	3063.44	2303.33	1,587.07	1,412.28
Debt to Equity Ratio(x)	1.09	1.02	1.72	1.69
Return on Equity (%)	19.20%	24.64%	9.22%	9.84%
Return on Capital Employed (RoCE) (%)	28.33%	36.82%	11.66%	4.84%
Earning Per Share (EPS)-in absolute ₹	75.62	71.25	17.39	6.69

Know before investing

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.

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.