Welcome to the Debut of Shivalic Power Control on the NSE SME Platform!

Shivalic Power Control, a renowned LT and HT electric panel manufacturer with a rich 20-year operating history, marked its strong debut on the NSE SME platform. The company’s shares opened at Rs 311, a remarkable premium of 211% over the issue price of Rs 100. Prior to listing, the shares were trading at a premium of Rs 175 in the unlisted market.

The Shivalic Power Control IPO, consisting solely of a fresh equity sale of 64.32 lakh shares, garnered immense investor interest, with the issue being oversubscribed over 250 times at closing. The enthusiastic response was driven by retail and non-institutional investors.

The net proceeds from the public offer will be utilized for various purposes, including working capital requirements, capital expenditure, inorganic growth through unidentified acquisitions, and general corporate purposes.

Shivalic Power Control’s commitment to quality, design, and product development has empowered the company to tailor products to meet customer needs. The company’s 1.25 lakh sq ft in-house manufacturing unit enables the production of a range of 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.

Shivalic is authorized by industry leaders such as L&T, Siemens, Schneider Electric, and TDK to manufacture fully type-tested panels in compliance with IEC 61439 – 1&2, IEC 61641, and IS1893 standards, serving over 15 industrial sectors in India and abroad.

The company’s expert team of engineers specializes in designing and developing advanced designs, facilitating the manufacture of Techno Modular Design – Fully Bolted Panels with aluminum and copper Bus Bar. The electric control panel market is poised for significant growth in the upcoming years, projected to reach $7.79 billion by 2028 with a CAGR of 7.3%.

For the period ending December 2023, Shivalic Power Control reported total revenues of Rs 63.55 crore and a net profit of Rs 7.6 crore. Corporate Capital Ventures served as the lead manager for the issue, with Skyline Financial acting as the registrar.