Shivalic Power Control Ltd IPO

Shivalic Power Control Limited is an ISO-certified LT and HT electric panel manufacturer with an operating history of 20 years. We are a technology- driven company with a strong focus on quality, design and product development, which has allowed it to develop products suited to its customers' requirements. Its 1,25,000 Sq. Feet of in-house manufacturing unit allowed it to manufacture a diversified range of electric panels such as 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. The Company is authorised by industry leaders such as L&T, Siemens, Schneider Electric and TDK to manufacture fully type-tested panels as per IEC 61439 - 1&2 ,IEC 61641, IS1893 which the company serves to more than 15+ industrial Sectors in India as well as in outside India, viz, Nepal, Bangladesh, African countries such as Uganda, Kenya, Nigeria, Algeria. The company has a dedicated team of engineers who are experts in designing and developing advanced designs which enable it to manufacture the Techno Modular Design - Fully Bolted Panels with Aluminium and Copper Bus Bar, which make us different from traditional welding panel manufacturers with a strong focus on the quality of the panel.

Open Demat Account

50years

Shivalic Power Control Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
64.32 LTBA21.34 L170.88 LNSE₹ 64.32 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
24 Jun, 2426 Jun, 241200 ₹ 1,14,000 Book Building - SME01 Jul, 24

Shivalic Power Control Ltd IPO Dates

  • 24 Jun 2024

    Opening date

  • 26 Jun 2024

    Closing date

  • 27 Jun 2024

    Basis of
    Allotment

  • 27 Jun 2024

    Initiation of
    Refunds

  • 28 Jun 2024

    Credit of
    Shares

  • 01 Jul 2024

    Listing date

Details

SectorType
SectorElectric Equipment
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB68.13x3048000207651600
NII436.82x914400399427200
Retail230.32x2133600491420400
Employee0x00
Total170.79x64320001098499200

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Shivalic Power Control Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations10.832.982.38
EBITDA12.074.053.65
PAT7.161.750.67
Total Assets39.6341.1030.24
Share Capital1.011.011.01
Total Borrowings17.9020.8719.96
Operating Activities (Net Cash)8.402.821.94
Investing Activities (Net Cash)0.000.000.00
Financing Activities (Net Cash)17.9020.8719.96
Net Cashflow1.053.080.35

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Shivalic Power Control Ltd

Shivalic Power Control Limited was originally incorporated on October 08, 2004 as a Private Limited Company as Shivalic Power Control Private Limited vide Registration No. 035502 under the provisions of the Companies Act, 1956 with the Registrar of Companies, N.C.T. of Delhi & Haryana. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on December 06, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to Shivalic Power Control Limited and a Fresh Certificate of Incorporation consequent to Conversion was issued on January 08, 2024 by the Registrar of Companies, Delhi. The Corporate Identification Number of the Company is U31200HR2004PLC035502.

Global Electricals Panel & Switchgear Industry: The electric control panel market size has grown strongly in recent years. The growth in the historic period can be attributed to industrial growth, energy demand, customization needs, economic factors, infrastructure development. The electric control panel market size is expected to see strong growth in the next few years. It will grow to $7.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to smart infrastructure development, renewable energy integration, customization and adaptability, digital transformation. Major trends in the forecast period include distributed energy systems, focus on user interface (UI) and user experience (UX), predictive maintenance, cloud integration, energy efficiency and sustainability. Indian Electrical Control Panel and Switchgear Industry: The India - electrical equipment market size is estimated to grow at a CAGR of 11.68% between 2022 and 2027. The market size is forecast to increase by USD 52,975.77 million. The growth of the market depends on several factors such as an increase in the number of residential and commercial building projects, a rise in power generation from renewable energy sources, and an increase in investments in the power sector. As per Frost & Sullivan's report, the LV switchgear market, which was approximately INR 12,000 Crores in CY2022, is expected to grow at a CAGR of more than 5% over the next five years. The LV switchgear in India is increasingly turning intelligent or smart, which allows for predictive maintenance. This helps gain process visibility, provides real-time data, and considerably reduces failures and downtime. What has also come to the fore is that innovation in LV switchgear is primarily in terms of aesthetics and enhanced features (e.g., improving serviceability) rather than a drastic technological change in product.

Peer Comparison:

  • Saakshi Medtech & Panels Ltd
  • Marine Electricals (India) Ltd

Shivalic Power Control Ltd IPO Key Points

Strengths

  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • Modern facility set up in Faridabad equipped with advance technology.
  • Strong financial position, reducing leverage & increasing returns to scales.
  • Strategic Partnerships with world leading OEMs for component procurement.
  • Highly passionate & focused on Quality Assurance, backed by ISO certifications.

Risk

  • The object of making unidentified acquisitions may lead to significant investments in the businesses that may not be sustainable in the long run, which may result in financial losses and negatively impact the company's overall portfolio.
  • The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
  • The Company has given Guarantees of Rs. 694.87 Lakh in favour of its clients through Bank Guarantees. The company cannot assure that there will be no default in the future.

Strategy

  • Seizing Opportunities in the Data Center Boom: A Gateway for Electric Panel Manufacturers.
  • Leverage EPC Projects for Electric Panel Manufacturing.
  • Intend for Increasing its Global presence.
  • Experienced Promoter and management team with strong industry expertise and successful track record.
  • Modern facility set up in Faridabad equipped with advance technology.
  • Strong financial position, reducing leverage & increasing returns to scales.
  • Strategic Partnerships with world leading OEMs for component procurement.
  • Highly passionate & focused on Quality Assurance, backed by ISO certifications.

How To Apply for Shivalic Power Control Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Shivalic Power Control Ltd's IPO offers shares for up to ₹ 0 L It begins on Jun 24, 2024 and ends on Jun 26, 2024.

The price of Shivalic Power Control Ltd IPO ranges between ₹95 to ₹100 per share.

The Shivalic Power Control Ltd IPO opens on Jun 24, 2024 and closes on Jun 26, 2024.

The allotment for the Shivalic Power Control Ltd IPO will be finalised on Jun 27, 2024. The shares will be listed on BSE and NSE on Jul 1, 2024.

The minimum lot size for Shivalic Power Control Ltd IPO is 1200 shares, priced between ₹95 to ₹100 per share.

The GMP (Grey Market Premium) of Shivalic Power Control Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Shivalic Power Control Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Shivalic Power Control Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jun 24, 2024, and closes on Jun 26, 2024. The allotment is finalised on Jun 27, 2024.

To apply for the Shivalic Power Control Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.