Shivalic Power Control Limited IPO : Key Highlights

Shivalic Power Control Limited IPO is set to launch on 24 June, 2024. The company initiated its business operations in 2004. It 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 customers’ requirements. It’s 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.

SPCL 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.

Other Information

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 SPCL different from traditional welding panel manufacturers with a strong focus on the quality of the panel. Since last year, with a team of expert engineers, designers and other supporting staff, it has diversified business and started serving the data centre industry also.

Recently in Nov 23, the company bagged the biggest order for LT works in the RBI Data Centre complex at Bhubaneshwar from HPE. Its capacity utilisation has remained under 40% for all these years. As of December 31, 2023, it had 180 employees on its payroll. 

Shivalic Power Control Limited : IPO DETAILS

Shivalic Power Control Limited IPO is set to launch on 24 June, 2024. The subscription timeline extends till 26 June, 2024. The size for the IPO is Rs. 64.32 Crore. The issue is entirely a fresh issue of 64.32 lakh shares. The lot size is 1200 shares and the price is Rs. 95 to Rs. 100 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs. 10 and this is a Book Built Issue. The registrar for the company is Skyline Financial Services Private Ltd. 

Tabular Description of Shivalic Power Control Limited IPO

Shivalic Power Control Limited IPO: IMPORTANT DATES

Shivalic Power Control Limited IPO begins for subscription from 24 June, 2024. The IPO subscription would continue till 26 June, 2024. The allotment status for the shareholders who applied would come on 27 June, 2024. The refunds for the ones who did not get allotment would be initiated on 28 June, 2024. The DEMAT accounts of shareholders would be credited on 28 June, 2024. The listing of the company would be completed on 1 July, 2024.

Shivalic Power Control Limited IPO: Lead Managers

The lead managers are :

• Corporate Capitalventures Pvt Ltd

The minimum and maximum lot size for retail investors is 1200 shares, amounting to Rs. 120000. The minimum lot size for HNI is 2400 shares, amounting to Rs. 240000.  

OBJECTIVES FOR THE IPO

• To meet the working capital requirements of the company
• To meet the capital expenditure of the company
• Funding for procurement of new machinery.
• Civil construction of the warehouse by shedding the roof.
• To meet out the inorganic growth through unidentified acquisition for the Company
• General Corporate Expenses

COMPANY FINANCIALS

Shivalic Power Control Limited had an asset base of Rs. 4869.44 Lakh in 2021. This increased to Rs. 5827.00 Lakh in 2023. At the end of Dec – 2023, the same stood at Rs. 7814.35 Lakhs. The revenue of the company has also been growing constantly at a steady pace. The revenue was around Rs. 5238.00 Lakhs in 2021 which increased to Rs. 8269.39 Lakhs in 2023. The revenue of the company was Rs. 6379.16 Lakh as on Dec – 2023. The profit of the company was Rs. 67.28 Lakh in 2021. This boosted to Rs. 716.26 Lakh in 2023. The profit of the company increased to Rs. 760.11 for the period ending Dec-2023. 

PROS

• The company is in the manufacturing of LT & HT electric panels which is a highly fragmented segment. It marked average growth in top lines, but boosted bottom lines from FY23 onwards is surprising. 
• Recently in Nov 23, the company bagged biggest order for LT works in the RBI Data Centre complex at Bhubaneshwar from HPE
• 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.

Shivalic Power Control Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Shivalic Power Control Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.