Shivalic Power Control Limited IPO
Shivalic Power Control Limited IPO
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Shivalic Power Control Limited's successfully completed its Initial Public Offering and commenced trading on 01-07-2024 at the NSE exchange. The company raised 64,32,000 Shares through this public offering, comprising 64,32,000 Shares in fresh capital.
The IPO was priced within the band of ₹95 to ₹100, with minimum application lots of 1200 shares. The offering attracted significant investor interest during its subscription period from 24-06-2024 to 26-06-2024.
Share allotment was finalized on 27-06-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shivalic Power IPO About Company
Shivalic Power Control Limited, founded in 2004, specializes in manufacturing a wide range of electric panels, including 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. Authorized by industry leaders like L&T, Siemens, Schneider Electric, and TDK, the company produces fully type-tested panels meeting IEC 61439 - 1&2, IEC 61641, and IS1893 standards. Serving over 15 industrial sectors, Shivalic Power Control exports its products to Nepal, Bangladesh, and African nations such as Uganda, Kenya, Nigeria, and Algeria. Its manufacturing facility adheres to global quality standards, holding ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. As of December 31, 2023, the company employs 180 professionals.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shivalic Power IPO Strength Factors
- Experienced Leadership: Shivalic Power Control Limited is guided by an expert management team with a strong track record in the industry.
- State-of-the-Art Manufacturing: The company’s modern facility in Faridabad is equipped with advanced technology, ensuring top-quality production.
- Solid Financial Health: With low debt and growing economies of scale, the company maintains a strong financial position, boosting overall returns.
Shivalic Power IPO Risk Factors
- Risky Acquisitions: Investing in unidentified ventures could lead to financial losses if they don’t perform well, potentially impacting the company’s portfolio.
- Capital Expenditure Delays: Late orders or delays in receiving equipment could lead to higher costs and disruptions in operations.
- Financial Risk from Guarantees: The company has issued bank guarantees worth ₹694.87 lakh, and any defaults could create significant financial challenges.
Shivalic Power IPO Lead Manager(s)
- Corporate Capitalventures Private Limited
Shivalic Power IPO Promoter(s)
- Mr. Amit Kanwar Jindal
- Mrs. Sapna Jindal
Shivalic Power IPO FAQs
Shivalic Power Control Limited IPO subscribed 257.32 times. The public issue subscribed 230.14 times in the retail category,170.32times in QIB, and -- times in the HNI (10+) category byNovember 26, 2025 9:28:11 AM (Day 26).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shivalic Power IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Shivalic Power IPO FAQs
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