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Shivalic Power Control LTD IPO: Review, Valuation, Date & GMP

  


Shivalic Power Control Limited IPO: Complete Overview

Shivalic Power Control Limited, established in 2004, manufactures electric panels. The company's product line comprises PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct, and LT & HT APFC Panels.

L&T, Siemens, Schneider Electric, and TDK are among the industry leaders who have authorized the company to manufacture completely type-tested panels following IEC 61439-1&2, IEC 61641, and IS1893. The company manufactures 11kv and 33kv HT panels.

The company supplies these panels to over 15 industrial sectors in India and abroad, including Nepal, Bangladesh, and African countries including Uganda, Kenya, Nigeria, and Algeria.

With an annual production capacity of 10,000 verticals, the company's manufacturing facility is situated in Faridabad, Ballabgarh, Haryana.

As of December 31, 2023, the company had 180 employees. 

Dear readers today we are ready with details of this upcoming IPO.

The company is all set to offer its IPO on June 24, 2024. Let's see this IPO's offerings in detail below. 

Shivalic Power Control Limited IPO Overview

Shivalic Power Control Limited IPO is an SME IPO that has a book-built issue of 64.32 lacs shares. The issue is a wholly fresh issue of 64.32 lacs shares valued at up to Rs.64.32 crore. The IPO will be available to investors on June 24, 2024, and will conclude on June 26, 2024. and it will take place on the NSE and SME. Each share is priced between Rs.95 to Rs.100.

If You want to apply for this IPO, Click Here to Open a Demat Account.

 

Company Financial

Below is the synopsis of the company's financial data for the financial year that concluded on 31 March 2023.

  • The company's revenue or turnover is Rs.1 crore - 100 crore.

  • The net worth of the company has increased by 40.76%.

  • The company's EBITDA has increased by 152.06%.

  • The total assets of the company have decreased by 4.01%.

  • The company's liabilities have been reduced by 27.49%.

(Amount in Lacs)

Period

31 Dec 2023

31 Mar 2023

31 Mar 2022

Total Assets 

7,814.35

5,827.00

6,097.56

Total Revenue

6,379.16

8,269.39

5,741.44

PAT

760.11

716.26

174.79

Net worth

3,063.44

2,303.33

1,587.07

Reserve & Surplus 

3,110.22

2,350.11

1,633.85

Total Borrowings

3,328.94

899.92

2,722.65

 

Revenue Bifurcation

The following are the facts offered in various firm activities. Let's take a look at it to gain a better idea of the company's success.

(Amount in Lacs)

Cash flow (Net) in various Activities

31 Dec 2023

31 Mar 2023

Cash Flow from Operating Activities

756.19

412.47

Cash Flow from Investing Activities

21.17

18.41 

Cash Flow from Financing Activities

800.23

597.09

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill:

  • To meet the company’s working capital requirements

  • To fulfill the company's capital expenditure.

  • Funding for the acquisition of new machinery.

  • Civil building of a warehouse involves shedding the roof.

  • To fulfill the inorganic growth of the Company through unidentified acquisitions.

  • General Corporate Expenses

 

 

 

Peers of Shivalic Power Control Limited IPO

Company Name

Face Value (Rs.)

EPS (Rs.)

P/E

Saakshi Medtech And Panels Limited

10

9.53

NA

Marine Electricals (India) Limited

2

1.59

22.54

 

Evaluation

Each share in the IPO is priced between Rs.95 to Rs.100.

Evaluation of P/E Ratio

The P/E Ratio of Shivalic Power Control Limited is NA.

Comparative Analysis with Listed Peers

The average P/E Ratio of the industry is NA.

 

IPO's Strengths 

  • Recognition of Brands.

  • Wide partner network.

  • A large and integrated manufacturing plant.

  • Geographical advantage.

  • Entrance barrier.

  • Particularized product portfolio.

  • A skilled management team.

  • Quality assurance and accrediting.

  • Innovation and research.

 

 

 

IPO’s Weaknesses 

  • The company relies on providers to offer superior timber. Supply chain interruptions can significantly affect production and cause delivery delays.

  • Operating a plywood manufacturing business involves significant capital investment in contemporary machinery and high raw material and labor costs.

  • High operating expenses can reduce corporation margins and limit market competitiveness.

  • The plywood sector is extremely competitive. Saturation may result in higher prices and fewer growth opportunities. The company faces competition from established industry companies with stronger financial positions, market share, product offerings, and human resources.

 

IPO GMP Today

The latest GMP of Shivalic Power Control Limited IPO is Rs.175.

 

Shivalic Power Control Limited IPO Timetable (Tentative)

The IPO is scheduled from June 24 to June 26, 2024, with allotment on June 27, refund initiation on June 28, and listing on July 1, 2024.

Events 

Date

IPO Opening Date

June 24, 2024

IPO Closing Date

June 26, 2024

IPO Allotment Date 

June 27, 2024

Refund initiation 

June 28, 2024

IPO Listing Date

July 1, 2024

 

Shivalic Power Control Limited IPO Details 

This IPO with a face value of Rs.10 per share is set to start on June 24 and close on 26 June and will offer a total issue size of 6,432,000 shares (aggregating up to Rs.64.32 Cr).

IPO Opening & Closing Date 

June 24, 2024 to June 26, 2024

Face Value 

Rs.10 per share

Issue Price

Rs.95 to Rs.100

Lot Size

1200 Shares

Price of 1 lot

Rs. 120000

Issue Size

6,432,000 shares (aggregating up to Rs.64.32 Cr)

Offer for Sale 

-

Fresh Issue 

6,432,000 shares (aggregating up to Rs.64.32 Cr)

Listing at

NSE, SME

Issue Type 

Book Built Issue IPO

Registrar 

Skyline Financial Services Private Ltd

 

Shivalic Power Control Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 lot (1200 shares) at Rs.120000 while for HNI investors, the minimum lot is 2 (2400 shares) at Rs.240000.

Minimum Lot Investment (Retail) 

1 lot

Maximum Lot Investment (Retail) 

1 lot

HNI (Min)

2 lots

 

 

Shivalic Power Control Limited IPO Reservation

 

QIB Share Portion

50%

Retail Investors’ Share Portion

35%

HNI Share Portion

15%

 

Promoters & Management of Shivalic Power Control Limited IPO

  • Mr. Amit Kanwar Jindal 

  • Mrs. Sapna Jindal.

Pre-issue Promoter shareholding

96.63%

Post-issue Promoter shareholding

70.86%

 

 

 

Shivalic Power Control Limited IPO Lead Managers:

  • Corporate Capitalventures Pvt Ltd

 

Dividend Policy

The company has not declared any Dividends in any Financial Year.

 

Conclusion

The company has noticed the growth in its net revenue, and total assets in the previous Financial Year(s). To achieve its goals, the company is currently launching an initial public offering to the general public.

Hope the information presented in this blog will help you in letting you know about the company’s financial performance.

We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If this informative blog matches your interest, you might be interested in reading our other related useful blogs on our website.

Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.

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Frequently Asked Questions

+

The IPO is set to open its subscription on June 24, 2024.

 

+

The issue price of the IPO is Rs.95 to Rs.100 for each share.

 

+

The total issue size of the IPO is up to Rs.64.32 crore

 

+

The IPO closing date is June 26, 2024.

 

+

The company desires to use the Net Proceeds from the Issue to meet the company’s working capital requirements and fulfill the company's capital expenditure, Funding for the acquisition of new machinery and the civil building of a warehouse involves shedding the roof, to fulfill the inorganic growth of the Company through unidentified acquisitions, and General Corporate Expenses.



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