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Shivalic Power Control IPO
Price Band
₹95.0–100.0
Issue Size
₹64.32 Cr
Lot Size
1,200 shares
Min Investment
₹120,000
GMP
+₹225.0 (225.0%)
Issue Price
₹100.0
Subject to Sauda
₹205200
Paid only if allotted
Shivalic Power Control IPO AI Summary
- Shivalic Power Control IPO is listed on NSE SME in the Other Electrical Equipment sector.
- Price band: ₹95.0–₹100.0 per share, lot size 1,200 shares (min. investment ₹120,000).
- Subscription window: 24 Jun–26 Jun 2024, listing on 01 Jul 2024.
- Current GMP is +₹225.0 (225.0%), an estimated listing price of ₹325 — unofficial and can change daily.
Shivalic Power Control Limited is an SME IPO in the electrical equipment sector, focusing on manufacturing electric panels. The company has shown growth in revenue and profit over recent periods, although the latest figures are for a 9-month period. With a strong GMP indicating positive market sentiment, potential investors should consider their risk tolerance and investment strategy.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shivalic Power Control IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shivalic Power Control IPO Grey Market Premium (GMP) Today
GMP
+₹225.0
GMP %
+225.0%
Est. Listing
₹325.0
Updated: 25 Jul 2026 14:05
About the Company
Founded in 2004, Shivalic Power Control Limited manufactures electric panels. The product portfolio of the company includes 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. Industry leaders such as L&T, Siemens, Schneider Electric, and TDK authorize the company to manufacture fully type-tested panels as per IEC 61439 - 1&2, IEC 61641, and IS1893. The company manufactures 11kv and 33kv of HT Panels. The company serve these panels to more than 15 industrial sectors in India as well as outside India, including Nepal, Bangladesh, and African countries such as Uganda, Kenya, Nigeria, and Algeria. The company's manufacturing facility has been certified to meet international standards for quality management systems, environmental management systems, and occupational health and safety management systems, as outlined in ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. The company's manufacturing unit is located in Faridabad, Ballabgarh, Haryana, and has a production capacity of 10,000 verticals per annum. As of December 31, 2023, the company has a total of 180 employees.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 78.14 | 58.27 | 60.98 | 48.69 |
| Total Income | 63.79 | 82.69 | 57.41 | 52.38 |
| Profit After Tax | 7.60 | 7.16 | 1.75 | 0.67 |
| NET Worth | 30.63 | 23.03 | 15.87 | 14.12 |
| Reserves and Surplus | 31.10 | 23.50 | 16.34 | 14.59 |
| Total Borrowing | 33.29 | 9.00 | 27.23 | 23.94 |
Key Ratios
EPS
₹4.05
NAV
₹17.93
ROE
28.33%
ROCE
19.20%
RoNW
28.33%
P/B Value
5.58
P/E Ratio
24.69
Market Cap
₹241.16 Cr
PAT Margin
11.96%
Debt/Equity
1.09
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Marine Electricals (india) Limited | 14.68 | 10.83% | 22.54 | 1.59 | 1.56 |
| Saakshi Medtech And Panels Limited | 32.49 | 29.32% | — | 9.53 | 9.53 |
| Shivalic Power Control Limited This IPO | 17.93 | 36.82% | — | 4.19 | 4.19 |
Promoters
Amit Kanwar Jindal and Sapna Jindal
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹57.41 Cr in the year ending 31 Mar 2022, rising to ₹82.69 Cr by 31 Mar 2023, before decreasing to ₹63.79 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹0.67 Cr in the year ending 31 Mar 2021, increasing to ₹1.75 Cr by 31 Mar 2022, and further rising to ₹7.16 Cr by 31 Mar 2023. By 31 Dec 2023, profit after tax reached ₹7.60 Cr.
Valuation
Priced at roughly 24.69 trailing earnings, versus peers trading at 22.54-29.32.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists. A high GMP suggests strong demand, but it can fluctuate significantly until the listing date.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid IPOs like this, which can be subject to high volatility and uncertainty in the early stages.
IPO Timeline, Explained
The IPO opens for subscription on June 24, 2024, and closes on June 26, 2024. Allotment of shares will be done on June 27, 2024, with the listing expected on July 1, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor could make by selling shares on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock.
This evaluation is generated from Shivalic Power Control's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shivalic Power Control IPO GMP today?
Shivalic Power Control IPO GMP today is +₹225.0 (225.0%), indicating an estimated listing price of ₹325. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shivalic Power Control IPO?
The price band of Shivalic Power Control IPO is ₹95.0–₹100.0 per share.
When does Shivalic Power Control IPO open and close?
Shivalic Power Control IPO opens on 24 June 2024 and closes on 26 June 2024.
When does Shivalic Power Control IPO list on the stock exchange?
Shivalic Power Control IPO listed on 01 July 2024 at ₹325.0.
What is the lot size for Shivalic Power Control IPO?
The lot size for Shivalic Power Control IPO is 1200 shares, requiring a minimum investment of ₹120,000.
What is the price band for the IPO?
The price band for the IPO is ₹95 to ₹100.
What is the minimum investment required?
The minimum investment required is ₹120,000.
What is the lot size for the IPO?
The lot size for the IPO is 1,200 shares.
When is the listing date?
The listing date is July 1, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of the stock price in the grey market before its official listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Jun 2024
Close
26 Jun 2024
Allotment
27 Jun 2024
Listing
01 Jul 2024
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