Shivalik Power IPO listed @ Rs. 311

July 1, 2024 admin Leave a reply Post Comment

Shivalik Power Control IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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What is the business of Shivalik Power Control?

Shivalic Power Control Limited is an ISO-certified LT and HT electric panel manufacturer 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 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. It 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 it 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 it different from traditional welding panel manufacturers with a strong focus on the quality of the panel.
The promoter Mr. Amit Kanwar Jindal started Shivalic in 2004 with Low Voltage Panel assembly with a vision to constantly provide quality products by adapting to the latest technologies. During this journey of two decades, Shivalic has served more than 500+ Clients in different industries such as Sugar, Papers, Cement, Steel, FMCG, Automobile etc. Its clientele in this industry includes 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 and many more. It does not limit ourselves to traditional application of panels, its sales & marketing team is always keen to identify new opportunities where it can supply its panels.
It is buying most of the materials directly from industrial giants like L&T, Siemens, ABB, C&S, EPCOS.

Its manufacturing facility is located at Plot No. 72, Sector 68, IMT Faridabad, Ballabgarh, Haryana – 121004, India, which is only 800 meters away from Delhi – Mumbai Express Way having a production capacity of 10,000 Verticals per annum. Its manufacturing & assembly line is well-equipped with the latest machines procured from renowned brands like Trumpf, Ermaksan, Gasprini, Amada, LV-HD machines and Bosch.

Get more information about the company @ https://shivalic.com/

Who are the Promoters of Shivalik Power Control IPO?
The promoters of the company are MR. AMIT KANWAR JINDAL AND MRS. SAPNA JINDAL

What are the Objects of Shivalik Power Control IPO?

The Offer comprises of a Fresh Issue of Equity shares.

The company intends to utilize the proceeds of the Offer to meet the following objects: –

1) To meet the working capital requirements of the company;
2) To meet out the funding for capital expenditure of the company;
(a) Funding for procurement of new machineries
(b) Construction of new assembly line by shedding the roof
3) To meet out the inorganic growth through unidentified acquisition for Company; and
4) General Corporate Expenses.

Shivalik Power Control IPO To the point Guidance
Shivalic Power Control Limited is an ISO-certified LT and HT electric panel manufacturer 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 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.
Size: The net offer is of Rs. 60.96 Crore/6096000 shares. Retail portion is Rs. 21.35 crore and it can get one time subscribed with 2134 applications. The size of the IPO is very large.
Financial Snapshot: The total income and the net profits have moved up sharply in the year 2022-23. and accordingly, the company has shown EPS of Rs. 71.25 for the year 2022-23. Since after December 31, 2023, the company has issued 1,60,83,392 bonus shares in the ratio of 16:1 to the existing shareholders of the company and Private Placement of 5,95,150 equity shares. After the close of the year 2022-23, the share capital has increased to 176837540 shares from 10052120 shares on 31.3.2023. So, EPS as shown in DRHP is not reliable and has to be reworked. If we rework the EPS, the offer price of Rs. 100, is too exorbitant. The IPO may be avoided.

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Shivalik Power Control IPO GMP today details?

Shivalik Power Control IPO

Shivalik Power Control IPO FAQs

What is Shivalik Power Control IPO?
Shivalik Power Control is a SME IPO of 6432000 equity shares of the face value of Rs. 10 aggregating up to Rs.64.32 Crores. The issue is priced at Rs.100 per share. The minimum order quantity is 1200 Shares.

When will Shivalik Power Control IPO open?
Shivalik Power Control IPO opens on June 24, 2024, and closes on June 26, 2024.

What is the lot size of Shivalik Power Control IPO?
Shivalik Power Control IPO lot size is 1200 Shares, and the minimum amount required is Rs.120000.

How to apply for Shivalik Power Control IPO?
You can apply in Shivalik Power Control IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Shivalik Power Control IPO allotment?
The finalization of Basis of Allotment for Shivalik Power Control IPO will be done on 28 June 2024, and the allotted shares will be credited to your demat account by June 28, 2024.

When is Shivalik Power Control IPO listing date?
Shivalik Power Control IPO listing date is July 1, 2024.