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shivalic power control ipo

Shivalic Power Control IPO

  • Status: Closed
  • RHP:
  • ₹ 114,000 / 1200 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    01 Jul 2024

  • Listing Price

    ₹ 311.00

  • Listing Change

    211.00%

  • Last Traded Price

    ₹ 159.10

IPO Details

  • Open Date

    24 Jun 2024

  • Close Date

    26 Jun 2024

  • IPO Price Range

    ₹ 95 to ₹ 100

  • IPO Size

    ₹ 64.32 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    01 Jul 2024

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IPO Timeline

Shivalic Power Control IPO Subscription Status

Last Updated: 05 July 2024 10:33 AM by 5Paisa

Shivalic Power Control manufactures LT and HT electric panels which are also ISO-certified. The company has an in-house manufacturing facility at Faridabad, Ballabgarh, Haryana. It has  ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. 

It manufactures various electric panels including 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. It is also authorised by L&T, Siemens, Schneider Electric and TDK to make fully type tested panels as per IEC 61439 – 1&2 ,IEC 61641, IS1893. 

These products are used in various industries like Sugar, Papers, Cement, Steel, FMCG, and Automobile in India and other countries like Nepal, Bangladesh, and African countries such as Uganda, Kenya, Nigeria, and Algeria.

Some of the renowned clients of Shivalic Power Control are Hewlett Packard, DCM Shriram, Rungta Mines, Reliance Cement, Kalpataru Power Transmission, Jindal Steel & Power, JSW, Bikaji Foods, Dabur, Radico, Naini Paper, J K Paper, Orient Papers, J K Cement, Escorts, Yamaha Motors, etc.

Peer Comparison

●    Saakshi Medtech And Panels Limited
●    Marine Electricals (India) Limited

For More Information
Webstory on Shivalic Power Control IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 82.15 57.33 52.22
EBITDA 12.72 5.04 5.01
PAT 7.16 1.74 0.67
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 58.27 60.97 48.69
Share Capital 10.05 10.05 10.05
Total Borrowings 33.76 43.63 33.09
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 4.12 3.72 -1.26
Net cash from / (used in) investing activities -0.18 -2.28 -0.69
Net cash flow from / (used in) financing activities -5.97 1.28 1.40
Net increase (decrease) in cash and cash equivalents -2.03 2.72 -0.56


Strengths

1.    The company ensures Excellence Through Rigorous Quality Control Processes.
2.    It has strategic tie-ups with Original Equipment Manufacturers (OEMs).
3.    High-quality bus bars contribute to the overall safety of the electrical system, which is one of the strengths of the company. 
4.    The quality of the techno modular design fully bolted Zero Welding is also a big plus.
5.    It is planning to increase marketing efforts. 
6.    It has a wide product range. 
7.    Experienced promoters and management team.
 

Risks

1.    Inventories and trade receivables form a major part of the current assets.
2.    The major source of revenue is generated from the state of Haryana.
3.    It is e subject to strict quality requirements.
4.    It has significant working capital requirements.
5.    It has reported negative cash flow in the past. 
 

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FAQs

The price band of Shivalic Power Control IPO is fixed at ₹95 to ₹100 per share. 
 

The minimum lot size of Shivalic Power Control IPO is 1200 shares and the investment required is ₹1,14,000.
 

The share allotment date of Shivalic Power Control IPO is 27th June 2024.

The Shivalic Power Control IPO will be listed on 1st July 2024.
 

Corporate Capitalventures Private Limited is the book-running lead manager for Shivalic Power Control IPO.
 

Shivalic Power Control plans to utilize the raised capital from the IPO to:

●    To fund the working capital requirement.
●    To fund the working expenditure requirement. 
●    To fund the purchase of new machinery and civil construction of the warehouse by shedding the roof.
●    For inorganic growth via unidentified acquisition.
●    General corporate purposes.