31 Mar 2021
Assets48.69
Total Income52.38
Profit After Tax0.67
NET Worth14.12
Reserves and Surplus14.59
Total Borrowing23.94
At a glance
Updated 2026-09-13The shares listed at ₹311.00, a 211.00% move from the issue price. Shivalic Power Control is a SME IPO with an issue size of ₹64.32 crore, proposed for listing on NSE SME. The offer opens on 24th Jun 2024 and closes on 26th Jun 2024. The issue structure includes a fresh issue of ₹60.96 crore. The current listing schedule points to 1st Jul 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹64.32 Cr
Fresh issue₹60.96 Cr
Face value₹10
Price band₹95.00–₹100.00
Allotment27th Jun 2024
Listing1st Jul 2024
Listing performance
Full performance ↗Issue price₹100.00
Listing price₹311.00
Current price—
Listing gain211.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹225.00
GMP / upper price225.00%
Est. listing₹325.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens24th Jun 2024
Closes26th Jun 2024
Allotment27th Jun 2024
Refund28th Jun 2024
Demat28th Jun 2024
Listing1st Jul 2024
Subscription demand
Full bidding ↗Total257.24×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹120,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Meet out the working capital requirements of the company | ₹30.03 Cr |
| Funding for procurement of new machineries | ₹5.82 Cr |
| Construction of new assembly line by shedding the roof | ₹1.82 Cr |
| Meet out the inorganic growth through unidentified acquisition for Company | ₹5.75 Cr |
| General Corporate Expenses | ₹14.26 Cr |
| Issue expenses | ₹6.65 Cr |
| Total | ₹64.32 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue63.79₹ Cr · -22.9% vs prior year
PAT7.60₹ Cr · +6.1% vs prior year
Assets78.14₹ Cr · +34.1% vs prior year
Net Worth30.63₹ Cr · +33.0% vs prior year
Borrowing33.29₹ Cr · +269.9% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets60.98
Total Income57.41
Profit After Tax1.75
NET Worth15.87
Reserves and Surplus16.34
Total Borrowing27.23
31 Mar 2023
Assets58.27
Total Income82.69
Profit After Tax7.16
NET Worth23.03
Reserves and Surplus23.50
Total Borrowing9.00
31 Dec 2023
Assets78.14
Total Income63.79
Profit After Tax7.60
NET Worth30.63
Reserves and Surplus31.10
Total Borrowing33.29
KPIs
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 28.33% |
| ROCE | 19.20% |
| Debt / Equity | 1.09% |
| RoNW | 28.33% |
| PAT Margin | 11.96% |
| Price to Book Value | 5.58 |
Valuation & shareholding
Pre-IPO EPS4.05
Post-IPO EPS4.20
Pre-IPO P/E24.69
Post-IPO P/E23.79
Promoter holding pre96.63%
Promoter holding post70.86%
Market cap₹241.16 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Shivalic Power Control IPO | — | 23.79 x | — | — |
| G V IPO | — | 14.01 x | — | — |
| Anawil Wire IPO | — | 18.43 x | — | — |
| Avana Electrosystems IPO | — | 16.07 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Meet out the working capital requirements of the company | ₹30.03 Cr |
| Funding for procurement of new machineries | ₹5.82 Cr |
| Construction of new assembly line by shedding the roof | ₹1.82 Cr |
| Meet out the inorganic growth through unidentified acquisition for Company | ₹5.75 Cr |
| General Corporate Expenses | ₹14.26 Cr |
| Issue expenses | ₹6.65 Cr |
| Total | ₹64.32 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Corporate Capital Ventures Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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