Shivalic Power Control Limited launches IPO with 64,32,000 shares worth INR 64.32 crores to fund working capital, capital expenditure, acquisitions, and corporate expenses.
Open Date : June 24, 2024 Close Date : June 26, 2024 Allotment Date: June 27, 2024 Listing Date: July 1, 2024
IPO Price: INR 95-100 per share Lot Size: 1200 Shares Total Issue Size: INR 64.32 crores
Shivalic Power Control analysis shows mixed performance: 1. Revenue increased ,Equity grew & debt reliance decreased. 2. Profitability & EPS improved. 3. RoNW rose; total assets grew. 4. Liquidity strengthened despite potential short-term challenges.
Shivalic Power Control Limited: Moderate growth. Saakshi Medtech And Panels Limited: Leads in profitability. Marine Electricals (India) Limited: Significant revenue, lower profitability metrics.
Shivalic Power Control main objective: 1. Meet working capital needs. 2. Fund capital expenditures for new machinery and assembly line construction. 3. Support inorganic growth through acquisitions.
Shivalic Power Control IPO risks: 1. Allocating INR 5.75 crores for unidentified business acquisitions. 2. INR 5.82 crores for capital expenditure with uncertain costs. 3. Working capital challenges from client payment delays.