{"id":28181,"date":"2024-06-21T11:55:08","date_gmt":"2024-06-21T06:25:08","guid":{"rendered":"https:\/\/livemumbai.in\/index.php\/2024\/06\/21\/shivalic-power-control-limited-ipo-opens-on-june-24-2024\/"},"modified":"2024-06-21T11:55:08","modified_gmt":"2024-06-21T06:25:08","slug":"shivalic-power-control-limited-ipo-opens-on-june-24-2024","status":"publish","type":"post","link":"https:\/\/livemumbai.in\/index.php\/2024\/06\/21\/shivalic-power-control-limited-ipo-opens-on-june-24-2024\/","title":{"rendered":"Shivalic Power Control Limited IPO Opens On June 24, 2024"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India], June 21:<\/strong> Shivalic\u00a0Power Control Limited,\u00a0a manufacturer specializing in electric panels, has announced its plan to go public with an Initial Public Offering (IPO)\u00a0on\u00a0June21, 2024. The company is aiming to raise\u00a0\u20b9\u00a064.32\u00a0Crores\u00a0at the\u00a0upper band\u00a0through this IPO, with shares set to be listed on the\u00a0NSE Emerge\u00a0platform.<\/p>\n<p>The issue size is\u00a0Up To\u00a064,32,000\u00a0equity shares at face value of\u00a0\u20b9\u00a010\u00a0each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<p>\u25cf\u00a0QIB Anchor Portion \u2013\u00a0Up To 18,28,800 Equity Shares<\/p>\n<p>\u25cf\u00a0Qualified Institutional Buyers (QIB) \u2013\u00a0Up To 12,19,200 Equity Shares<\/p>\n<p>\u25cf\u00a0Non-Institutional Investors (NII) \u2013\u00a0Up To 9,14,400 Equity Shares<\/p>\n<p>\u25cf\u00a0Retail Individual Investors (RII) \u2013\u00a0Up To 21,33,600 Equity Shares<\/p>\n<p>\u25cf\u00a0Market Maker \u2013\u00a0Up To 3,36,000 Equity Shares<\/p>\n<p>The net proceeds from the IPO will be utilized to meet working capital requirements, to fund capital expenditures including the procurement of new machinery and the construction of a new assembly line by adding a roof, to support inorganic growth through unidentified acquisitions, and for general corporate purposes.\u00a0The bidding for Anchor portion will open on\u00a0June\u00a021, 2024, the issue\u00a0will\u00a0open for subscription\u00a0for all other category\u00a0from\u00a0June\u00a024, 2024 and closes on\u00a0June\u00a026, 2024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue\u00a0is\u00a0Corporate Capital\u00a0Ventures Private Limited.\u00a0The Registrar to the Issue isSkyline Financial Services Private Limited.<\/p>\n<p>Mr.\u00a0Amit\u00a0Kanwar\u00a0Jindal,\u00a0Founder &amp;\u00a0Managing Director of\u00a0Shivalic\u00a0Power Control Limited\u00a0expressed,\u00a0\u201cAt\u00a0Shivalic Power Control Limited, we have built a robust foundation with over 20 years of industry experience. Our partnerships with industry leaders such as Siemens, Schneider Electric, L&amp;T, and TDK highlight our commitment to quality and innovation. The upcoming IPO will provide the necessary funding to enhance our working capital, meet the growing demand for our panels, and drive expansion in the rapidly developing data\u00a0center\u00a0sector.<\/p>\n<p>Our strategic focus on value\u00a0added offerings like process automation, leveraging economies of scale, and improving product quality through direct sourcing from OEMs positions us well for future growth.\u00a0Our emphasis on export markets, particularly in Africa and the Middle East, is contributing significantly to our expansion efforts. With a modern facility in IMT Faridabad and a dedicated team, we are prepared to capitalize on the emerging opportunities in the IT and data\u00a0center\u00a0industry in India. This IPO is a crucial step in supporting our strategic goals and continuing our legacy of excellence in the electric panels industry.\u201d<\/p>\n<p>Mr. Kulbhushan Parashar, Director of Corporate Capital Ventures Private Limited said, \u201cThe demand for advanced electrical panels in India\u2019s burgeoning data center and renewable energy sectors is on a significant rise. Shivalic Power Control Limited, with its robust in-house manufacturing and strategic partnerships with industry leaders, Shivalic is well-positioned to capitalize on this growth. The IPO proceeds will fuel their efforts to expand production capacity, integrate smart technologies for enhanced efficiency and reliability, and solidify the market presence. This strategic investment underscores their commitment to meeting the evolving needs of our customers and contributing to India\u2019s renewable energy goals.\u201d<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India], June 21: Shivalic\u00a0Power Control Limited,\u00a0a manufacturer specializing in electric panels, has announced its plan to go public with an Initial Public Offering [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[623],"class_list":["post-28181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/28181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/comments?post=28181"}],"version-history":[{"count":0,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/posts\/28181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media\/28182"}],"wp:attachment":[{"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/media?parent=28181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/categories?post=28181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/livemumbai.in\/index.php\/wp-json\/wp\/v2\/tags?post=28181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}