Introduction
Shivalic Power Control Limited is set to launch its initial public offering (IPO) aimed at raising ₹64.32 crores through a fresh issue of 64.32 lakh shares. The IPO opens for subscription on June 24, 2024, and closes on June 26, 2024. The allotment is expected to be finalized on June 27, 2024, with listing on NSE SME scheduled for July 1, 2024.
IPO Schedule
Issue Breakdown
Promoter Holding
Company Overview
Founded in 2004, Shivalic Power Control Limited specializes in manufacturing electric panels including 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 serves a diverse industrial clientele across India and internationally in countries like Nepal, Bangladesh, Uganda, Kenya, Nigeria, and Algeria.
Key Features
Financial Performance
As of December 31, 2023, Shivalic Power Control reported significant growth with a 44.03% increase in revenue and a substantial 309.78% rise in profit after tax (PAT) compared to the previous fiscal year.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets (₹ Cr) | 7,814.35 | 5,827.00 | 6,097.56 | 4,869.44 |
| Revenue (₹ Cr) | 6,379.16 | 8,269.39 | 5,741.44 | 5,238.00 |
| Profit After Tax (₹ Cr) | 7.60 | 7.16 | 1.75 | 0.67 |
| Net Worth (₹ Cr) | 3,063.44 | 2,303.33 | 1,587.07 | 1,412.28 |
| Reserves and Surplus (₹ Cr) | 3,110.22 | 2,350.11 | 1,633.85 | 1,459.05 |
Key Performance Indicators (KPI)
Objects of the Issue
The proceeds from the IPO will primarily be used for:
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