Shivalic Power Control share price immediately: Shivalic Power Control, an LT and HT electrical panel producer with a 20-year working historical past, made a powerful debut on the NSE SME platform on Monday. The firm’s shares listed at Rs 311, a big premium of 211% over the difficulty price of Rs 100. Prior to the itemizing, the shares had been buying and selling at a premium of Rs 175 within the unlisted market.
According to an ET report, the Shivalic Power Control IPO, which consisted solely of a recent fairness sale of 64.32 lakh shares, acquired an amazing response from traders, with the difficulty being subscribed over 250 instances at the shut.The robust curiosity was pushed by retail and non-institutional traders.
The web proceeds from the general public supply can be utilized for varied functions, together with working capital necessities, capital expenditure, inorganic development by way of unidentified acquisitions, and common company functions.
Shivalic Power Control’s give attention to high quality, design, and product growth has enabled the corporate to create merchandise tailor-made to prospects’ wants. The firm’s 1.25 lakh sq ft in-house manufacturing unit permits it to supply a variety of electrical panels, together with PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels as much as 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
Shivalic is allowed by trade leaders corresponding to L&T, Siemens, Schneider Electric and TDK to fabricate totally type-tested panels in accordance with IEC 61439 – 1&2, IEC 61641, and IS1893 requirements, serving greater than 15 industrial sectors in India and overseas.
The firm’s devoted crew of engineers makes a speciality of designing and creating superior designs, enabling the manufacture of the Techno Modular Design – Fully Bolted Panels with aluminum and copper Bus Bar. The electrical management panel market is anticipated to expertise robust development within the coming years, reaching $7.79 billion by 2028 with a compound annual development fee (CAGR) of seven.3%.
For the interval ending December 2023, Shivalic Power Control reported whole revenues of Rs 63.55 crore and a web revenue of Rs 7.6 crore. Corporate Capital Ventures served because the lead supervisor for the difficulty, whereas Skyline Financial acted because the registrar.
According to an ET report, the Shivalic Power Control IPO, which consisted solely of a recent fairness sale of 64.32 lakh shares, acquired an amazing response from traders, with the difficulty being subscribed over 250 instances at the shut.The robust curiosity was pushed by retail and non-institutional traders.
The web proceeds from the general public supply can be utilized for varied functions, together with working capital necessities, capital expenditure, inorganic development by way of unidentified acquisitions, and common company functions.
Shivalic Power Control’s give attention to high quality, design, and product growth has enabled the corporate to create merchandise tailor-made to prospects’ wants. The firm’s 1.25 lakh sq ft in-house manufacturing unit permits it to supply a variety of electrical panels, together with PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels as much as 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels.
Shivalic is allowed by trade leaders corresponding to L&T, Siemens, Schneider Electric and TDK to fabricate totally type-tested panels in accordance with IEC 61439 – 1&2, IEC 61641, and IS1893 requirements, serving greater than 15 industrial sectors in India and overseas.
The firm’s devoted crew of engineers makes a speciality of designing and creating superior designs, enabling the manufacture of the Techno Modular Design – Fully Bolted Panels with aluminum and copper Bus Bar. The electrical management panel market is anticipated to expertise robust development within the coming years, reaching $7.79 billion by 2028 with a compound annual development fee (CAGR) of seven.3%.
For the interval ending December 2023, Shivalic Power Control reported whole revenues of Rs 63.55 crore and a web revenue of Rs 7.6 crore. Corporate Capital Ventures served because the lead supervisor for the difficulty, whereas Skyline Financial acted because the registrar.