Shivalic Power Control Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹100
Per ShareLot Size
1200 Shares
Minimum Investment
₹1,20,000
Issue Size
₹64.32 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Shivalic Power Control Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
96.63%
Promoter Holding (Post-Issue)
70.86%
Issue Type
Book Building - SME
ISIN
INE0T7B01010
About the Company
Shivalic Power Control Limited is an ISO-certified LT and HT electric panel manufacturer with an operating history of 20 years. We are 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. The Company 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 the company 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 us different from traditional welding panel manufacturers with a strong focus on the quality of the panel.
Industry Overview
Global Electricals Panel & Switchgear Industry: The electric control panel market size has grown strongly in recent years. The growth in the historic period can be attributed to industrial growth, energy demand, customization needs, economic factors, infrastructure development. The electric control panel market size is expected to see strong growth in the next few years. It will grow to $7.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to smart infrastructure development, renewable energy integration, customization and adaptability, digital transformation. Major trends in the forecast period include distributed energy systems, focus on user interface (UI) and user experience (UX), predictive maintenance, cloud integration, energy efficiency and sustainability. Indian Electrical Control Panel and Switchgear Industry: The India - electrical equipment market size is estimated to grow at a CAGR of 11.68% between 2022 and 2027. The market size is forecast to increase by USD 52,975.77 million. The growth of the market depends on several factors such as an increase in the number of residential and commercial building projects, a rise in power generation from renewable energy sources, and an increase in investments in the power sector. As per Frost & Sullivan's report, the LV switchgear market, which was approximately INR 12,000 Crores in CY2022, is expected to grow at a CAGR of more than 5% over the next five years. "The LV switchgear in India is increasingly turning intelligent or smart, which allows for predictive maintenance. This helps gain process visibility, provides real-time data, and considerably reduces failures and downtime. What has also come to the fore is that innovation in LV switchgear is primarily in terms of aesthetics and enhanced features (e.g., improving serviceability) rather than a drastic technological change in product."
Company History
Shivalic Power Control Limited was originally incorporated on October 08, 2004 as a Private Limited Company as "Shivalic Power Control Private Limited" vide Registration No. 035502 under the provisions of the Companies Act, 1956 with the Registrar of Companies, N.C.T. of Delhi & Haryana. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on December 06, 2023, the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to "Shivalic Power Control Limited" and a Fresh Certificate of Incorporation consequent to Conversion was issued on January 08, 2024 by the Registrar of Companies, Delhi. The Corporate Identification Number of the Company is U31200HR2004PLC035502.
Products & Services
- Shivalic Power Control Limited is an ISO-certified LT and HT electric panel manufacturer with an operating history of 20 years.
Growth Strategy
- Seizing Opportunities in the Data Center Boom: A Gateway for Electric Panel Manufacturers.
- Leverage EPC Projects for Electric Panel Manufacturing.
- Intend for Increasing its Global presence.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Public issue of 64,32,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Shivalic Power Control Limited (the "Company" or the "Issuer") for cash at a price of Rs. 100 per equity (the "Issue Price") aggregating to Rs. 64.32 crores ("The Issue") comprising of a fresh issue of 64,32,000 equity shares aggregating to Rs. 64.32 crores (the "Fresh Issue") of which 3,36,000 equity shares aggregating to Rs. 3.36 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 60,96,000 equity shares aggregating to Rs. 60.96 crores (the "Net Issue"). The issue and the net issue will constitute 26.67% and 25.28% respectively of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoter and management team with strong industry expertise and successful track record.
- Modern facility set up in Faridabad equipped with advance technology.
- Strong financial position, reducing leverage & increasing returns to scales.
- Strategic Partnerships with world leading OEMs for component procurement.
- Highly passionate & focused on Quality Assurance, backed by ISO certifications.
- The object of making unidentified acquisitions may lead to significant investments in the businesses that may not be sustainable in the long run, which may result in financial losses and negatively impact the company's overall portfolio.
- The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- The Company has given Guarantees of Rs. 694.87 Lakh in favour of its clients through Bank Guarantees. The company cannot assure that there will be no default in the future.
- Its lenders have charged over the company movable, immovable properties and book debts in respect of finance availed by it.
- Inventories and trade receivables form a major part of its current assets. Failure to manage the company inventory and trade receivables could have an adverse effect on its sales, profitability, cash flow and liquidity.