Shivalic Power Control India IPO Takes Off, Hits 48.35x Subscription on Day 2

Shivalic Power Control Ltd's IPO sees a 48.35x subscription by Day 2, showing significant market attention and strong investor confidence in the company's future.
Shivalic Power Control India IPO Takes Off, Hits 48.35x Subscription on Day 2

Shivalic Power Control Ltd IPO has captured notable market attention, with the issue being subscribed 48.35 times by the end of Day 2. This strong subscription rate reflects significant investor interest and confidence in the company’s future prospects.

How To Check Shivalic Power Control IPO Subscription Status?

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Shivalic Power Control Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Shivalic Power Control IPO Allotment Status

The allotment date for the Shivalic Power Control IPO is set for June 27, 2024, with shares priced at a range of ₹95 to ₹100 per share and a face value of ₹10. The offering consists of lots of 1200 shares, with bids accepted for these lots or their multiples.

Shivalic Power Control IPO Subscription Status 

Shivalic Power Control Ltd IPO was subscribed 15.21 times on its first day, showcasing robust investor interest. This strong initial demand shows a positive market reception and high expectations for the company’s growth prospects.

Shivalic Power Control Limited IPO Listing Date 

Shivalic Power Control IPO is expected to be listed on the NSE SME on July 1, 2024.

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