Business Standard

Shivalic Power Control Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

64.32 cr

Price Range (₹)

100

Lot Size

1200

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

24-Jun-2024

Close Date

26-Jun-2024

Listing Date

01-Jul-2024

Shivalic Power Control Ltd News

    The Shares of Shivalic Power Control Ltd have now been listed.

    Shivalic Power Control Ltd IPO Details

    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.

    Objective of issue

    To meet the working capital requirements of the company. Funding for procerement of new machineries. Construction of new assembly line by shedding the roof. To meet out the inorganic growth through unidentified acquisition for company. General corporate expenses.

    Shivalic Power Control Ltd Contact Details

    Shivalic Power Control Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - compliance@shivalic.com

    Website - https://shivalic.com/