IPO Details
Bidding Dates
24 Jun 24 - 26 Jun 24
Price Range ₹
95 - 100
Total Equity
₹ 64.32Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
Offer start
24 Jun 2024
Offer end
26 Jun 2024
Allotment
27 Jun 2024
Refund initiation
28 Jun 2024
Demat transfer
28 Jun 2024
Listing
01 Jul 2024
About Company
Established in 2004, Shivalic Power Control Limited specializes in manufacturing electric panels. The company's diverse product line includes PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Ducts, and LT & HT APFC Panels. Shivalic Power Control Limited is authorized by industry leaders such as L&T, Siemens, Schneider Electric, and TDK to manufacture fully type-tested panels according to standards like IEC 61439-1&2, IEC 61641, and IS 1893. The company excels in manufacturing 11kv and 33kv HT Panels. The company serves over 15 industrial sectors within India and abroad, including markets in Nepal, Bangladesh, and African countries such as Uganda, Kenya, Nigeria, and Algeria. Located in Faridabad, Ballabgarh, Haryana, the company's manufacturing facility adheres to international standards for quality management (ISO 9001:2015), environmental management (ISO 14001:2015), and occupational health and safety management (ISO 45001:2018). As of December 31, 2023, Shivalic Power Control Limited employs a workforce of 180 dedicated professionals at its manufacturing unit.
Year Founded
08-10-2004
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 96.63 | 70.86 |
| Share Capital | 17088009 | 17088009 |
Offer to Public
64,32,000.00 Cr
Project Details
- To meet out the working capital requirements of the company. - 300.275cr
- Construction of new assembly line by shedding the roof. - 18.23cr
- Funding for capital expenditure towards purchase of new machineries. - 58.155cr
- To meet out the inorganic growth through unidentified acquisition for Company - 57.5cr
Objectives
- 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 roof3) To meet out the inorganic growth through unidentified acquisition for Company
- and4) General Corporate Expenses.
Highlights
- Experienced Promoter and management team with robust industry knowledge and a proven track record of success.
- State-of-the-art facility established in Faridabad equipped with advanced technology.
- Strong financial position, characterized by reduced leverage and enhanced economies of scale.
- Strategic partnerships with leading global OEMs for reliable component procurement.
- Strong commitment to Quality Assurance underscored by ISO certifications, demonstrating a dedicated focus on product excellence.
Challenges
- Pursuing unidentified acquisitions may lead to substantial investments in businesses that may not be sustainable long-term, potentially resulting in financial losses and impacting the company's overall portfolio negatively.
- Delay or failure to place orders for capital expenditure on equipment/machinery could lead to cost and time overruns, affecting operational efficiency.
- The company has issued guarantees totaling Rs. 694.87 lakh through bank guarantees for its clients, with no assurance against future defaults.
- The company's reliance on top ten clients for a significant portion of its revenue (40.77%, 53.02%, 56.78%, and 82.97% for various periods) poses a risk; any loss of business from these clients could adversely affect revenue and profitability.
- Negative cash flows in recent years indicate financial instability, potentially hindering growth and operational capabilities.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 5,834.09 | 100.52 | 1,121.25 | 1,121.25 | 6.3405 |
| 2024 | 9,046.71 | 1,768.38 | 1,121.25 | 1,121.25 | 6.3405 |
| 2021 | 4,869.44 | 100.52 | 174.79 | 174.79 | 1.0229 |
| 2022 | 6,097.56 | 100.52 | 174.79 | 174.79 | 1.0229 |
