Shivalic Power Control Limited is launching an IPO with a fresh issue of 64,32,000 shares worth INR 64.32 crores. The company aims to fund working capital, capital expenditure, acquisitions, and general corporate expenses.
Shivalic Power Control IPO – Important Dates
| Shivalic Power Control Limited IPO Date | June 24, 2024, to June 26, 2024 |
| Shivalic Power Control Limited IPO Listing Date | July 1, 2024 |
| Shivalic Power Control Limited IPO Price | INR 95-100 per share |
| Shivalic Power Control Limited IPO Lot Size | 1200 shares |
| Shivalic Power Control Limited IPO Total Issue Size | INR 64.32 crores |
| Shivalic Power Control Limited IPO Basis of Allotment | June 27, 2024 |
| Shivalic Power Control Limited IPO Initiation of Refunds | June 28, 2024 |
| Shivalic Power Control Limited IPO Credit of Shares to Demat | June 28, 2024 |
| Shivalic Power Control Limited IPO Issue Type | Book Built Issue IPO |
| Shivalic Power Control Limited IPO Listing At | NSE SME |
Shivalic Power Control Limited IPO – Company Profile
Shivalic Power Control Limited, an ISO-certified company with 20 years of experience, manufactures high-quality electric panels for various industries authorized by L&T, Siemens, Schneider Electric, and TDK.
The company’s expert engineering team specializes in advanced designs, enabling the production of Techno Modular Design—Fully Bolted Panels with Aluminium and Copper Bus Bar. This distinguishes it from traditional welding panel manufacturers with a strong emphasis on quality.
They source materials from industrial giants like L&T, Siemens, and ABB, serving traditional FMCG, Metal, Cement, and Automobile industries. Recently, the company diversified into the data center industry with their expert team.
Shivalic Power Controls Ltd IPO Fundamental Analysis
Shivalic Power Control Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased significantly, equity grew, debt reliance decreased, profitability and EPS improved, RoNW rose, total assets grew, and liquidity strengthened despite potential short-term challenges.
- Revenue Trend: The revenue increased from ₹5,733.20 lakhs in March 2022 to ₹8,215.68 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 6,355.88 lakhs.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹174.79 lakhs in March 2022 to ₹760.11 lakhs by December 2023. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): Diluted EPS rose from ₹17.39 in March 2022 to ₹75.62 by December 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 11.66% to 28.33%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, strengthening liquidity and potential challenges in meeting short-term obligations.
Shivalic Power Control IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 5,733.20 | 8,215.68 | 6,355.88 |
| Equity (₹ in lakhs) | 1,734.37 | 2,450.63 | 3,210.74 |
| Expenses (₹ in lakhs) | 5,550.26 | 7,310.61 | 5,349.90 |
| Profit and Loss After Tax (₹ in lakhs) | 174.79 | 716.26 | 760.11 |
| Diluted EPS only (₹) | 17.39 | 71.25 | 75.62 |
| Return on Net Worth (%) | 11.66 | 36.82 | 28.33 |
| NAV per Equity Share (₹) | 157.88 | 229.14 | 304.76 |
| Total Assets (in lakhs) | 6,097.56 | 5,827.00 | 7,814.35 |
| Total Liabilities (in lakhs) | 4,363.19 | 3,376.37 | 4,603.61 |
| Debt Equity Ratio | 1.72 | 1.02 | 1.09 |
| Current Ratio (in times) | 1.21 | 1.63 | 1.60 |
Shivalic Power Control Limited IPO Peer Comparison
Shivalic Power Control Limited, Saakshi Medtech And Panels Limited, and Marine Electricals (India) Limited exhibit varying financial strengths. Shivalic shows moderate growth, Saakshi leads in profitability, and Marine Electricals has significant revenue with lower profitability metrics.
| Company | Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Shivalic Power Control Limited | 8,215.68 | 10 | NA | 4.19 | 4.19 | 36.82 | 17.93 |
| Saakshi Medtech And Panels Limited | 12,205.82 | 10 | NA | 9.53 | 9.53 | 29.32 | 32.49 |
| Marine Electricals (India) Limited | 39,127.13 | 2 | 22.54 | 1.59 | 1.56 | 10.83 | 14.68 |
Shivalic Power Controls Ltd IPO Objective
The main objective of Shivalic Power Control Limited is to meet working capital needs, fund capital expenditures for new machinery and assembly line construction, and support inorganic growth through acquisitions.
- To meet the company’s working capital requirements, the company intends to utilize INR 30.03 crores of the net proceeds for working capital, with any remaining needs met through working capital facilities and internal accruals.
- To meet the capital expenditure of the company:
- Funding for capital expenditure towards purchasing new machinery: The company plans to utilize INR 5.82 crores of the net proceeds to buy new machinery for its existing production facilities, aiming to reduce dependency on a single machine and enhance operational capacity and efficiency.
- Civil construction of new assembly line by shedding the roof: The company plans to utilize INR 1.82 crores of the net proceeds from the IPO to fund civil construction of an assembly line on the existing manufacturing unit’s roof, enhancing operational efficiency and scalability.
- To meet the inorganic growth through unidentified acquisition for the company: The company aims to utilize INR 5.75 crores from the net proceeds for inorganic acquisitions, targeting small-scale companies in power control panels or cable manufacturing and facilitating operational expansion.
- General Corporate Purposes: The Company will deploy the balance of funds towards general corporate purposes, including meeting operating expenses, branding, promotion, advertisements, and contingencies.
Shivalic Power Control IPO Risks And Challenges
Shivalic Power Control Limited’s risk includes allocating INR 5.75 crores for unidentified business acquisitions, INR 5.82 crores for capital expenditure with uncertain costs, and working capital challenges due to client payment delays.
- The IPO proceeds of INR 5.75 crores are allocated for unidentified business acquisitions, subject to sustainability risks and financial loss. Variation in objectives requires shareholder approval and exit opportunity provision.
- Although firm orders haven’t been placed, the company plans to utilize INR 5.82 crores from the net proceeds for capital expenditure on equipment/machinery. Costs may vary due to factors like quotation validity and revisions.
- The company’s power control panels manufacturing business is capital-intensive and requires adequate inventory and trade receivables management. Client payment delays pose risks, adversely affecting the company’s financial health and profitability.
Shivalic Power Controls Ltd IPO – Industry & Market Potential
The electric control panel market, vital in industrial machinery regulation, is expanding due to diverse industry applications. With a projected CAGR of 7.3%, growth factors include infrastructure development, energy demand, and digital transformation trends.
The Indian electrical equipment market is projected to grow at a CAGR of 11.68%, reaching USD 52,975.77 million by 2027. Factors driving growth include rising residential/commercial projects, renewable energy usage, and power sector investments.
The LV switchgear market in India, valued at INR 12,000 Crores in CY2022, is anticipated to grow over 5% CAGR. Trends include intelligent technology adoption, emphasis on aesthetics, infrastructure development, renewable energy, industrial expansion, safety mandates, and digitalization.
Shivalic Power Control Limited IPO – Type of Offer
Shivalic Power Control Limited is launching an IPO with a fresh issue of 64,32,000 shares worth INR 64.32 crores. The company aims to fund working capital, capital expenditure, acquisitions, and general corporate expenses.
Shivalic Power Control IPO Offer Size
The offer size of Shivalic Power Control Limited is INR 64.32 crores, consisting of a fresh issue of 64,32,000 shares. The company seeks funds for fund working capital, capital expenditure, acquisitions, and general corporate expenses.
Shivalic Power Control Limited IPO Allotment Structure
Shivalic Power Control Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 35% for Non-Institutional Investors (NII), and 15% for Retail Individual Investors (RII) according to SEBI regulations. 336,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 35% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 15% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 336,000 shares, are reserved for marker makers.
How to apply for a Shivalic Power Control Limited IPO?
To apply for the Shivalic Power Control Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Shivalic Power Control Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Shivalic Power Control Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Shivalic Power Control Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Shivalic Power Control Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Shivalic Power Control Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Shivalic Power Control Limited IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Shivalic Power Control Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Shivalic Power Control Limited Ltd IPO Offer Registrar
The registrar for the Shivalic Power Control Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi110020
Tel No.: +91-11-40450193-197;
E-mail: [email protected]
Website: https://www.skylinerta.com/
Shivalic Power Control Limited Limited IPO – FAQs
The allotment date of the Shivalic Power Control Limited IPO is June 27, 2024.
The price band of the issue is INR 95-100 per share.
The offer size of Shivalic Power Control Limited is INR 64.32 crores, consisting of a fresh issue of 64,32,000 shares. The company seeks funds for fund working capital, capital expenditure, acquisitions, and general corporate expenses.
The listing date of Shivalic Power Control Limited’s IPO is July 1, 2024.
