Shivalic Power Control Limited Launches ₹64.32 Crore IPO
Shivalic Power Control Limited, an ISO-certified manufacturer of LT and HT electric panels with a 20-year operational history, is set to raise approximately ₹64.32 crores through an Initial Public Offering (IPO). The IPO will open on June 24, 2024, and close on June 26, 2024. The price band for the IPO is set at ₹100 per share, with a minimum investment requirement of ₹120,000 for a single lot of 1,200 shares.
As a technology-driven company, Shivalic Power Control Limited emphasizes quality, design, and product development, enabling them to create products tailored to their customers’ needs. The company boasts a 125,000 square-foot in-house manufacturing facility, producing a wide range of electric panels, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Ducts, and LT & HT APFC Panels.
Authorized by industry leaders such as L&T, Siemens, Schneider Electric, and TDK, Shivalic manufactures fully type-tested panels in accordance with IEC 61439 – 1&2, IEC 61641, and IS1893 standards. They cater to over 15 industrial sectors both in India and internationally, including markets in Nepal, Bangladesh, and African countries like Uganda, Kenya, Nigeria, and Algeria.
Shivalic Power Control IPO
Shivalic Power Control’s clientele includes prominent companies such as Hewlett Packard, DCM Shriram, Rungta Mines, Reliance Cement, Kalpataru Power Transmission, Jindal Steel & Power, JSW, Bikaji Foods, Dabur, Radico, Naini Paper, J K Paper, Orient Papers, J K Cement, Escorts, and Yamaha Motors, among others.
