Shivalic Power Control has caught the attention of investors with its latest IPO. The company, known for its robust manufacturing of electric panels, has opened its SME IPO for subscription today.
This article delves into the key details of the Shivalic Power IPO, its pricing, and the grey market premium (GMP) that has investors buzzing.
Shivalic Power IPO Subscription Status
The Shivalic Power Control IPO has generated significant interest, evident from the fact that it was fully subscribed within hours of opening.
The Rs 64.32 crore IPO, which commenced today, will remain open for subscription until June 24.
The high demand for Shivalic Power shares is also reflected in the grey market, where they are commanding a notable premium.
IPO Price Band and Lot Size
The price band for the Shivalic Power IPO is set between Rs 95 to Rs 100 per share. Investors looking to participate in the IPO can apply for a minimum lot size of 1,200 equity shares, equating to an investment of Rs 1,20,000 per lot.
This price band and lot size have been carefully chosen to attract a wide range of investors, from retail to institutional.
Grey Market Premium (GMP) Insights
Shivalic Power IPO’s Grey Market Premium (GMP) is creating quite a buzz. According to multiple sources tracking grey market activities, the shares of Shivalic Power are currently commanding a GMP of Rs 155 per share.
This translates to a premium of 155% over the upper price band of Rs 100. Such a high GMP indicates strong investor confidence and potential for substantial listing gains.
Fresh Issue and Allotment Details
The Shivalic Power Control IPO is an entirely fresh issue, with the company offering 64.32 lakh shares. The IPO allotment status is expected to be announced on June 27.
Investors can check the allotment status online through the official website of the registrar, Skyline Financial Services Private Ltd.
For those who receive the allotment, the shares will be credited to their Demat accounts by June 28.
Listing on the NSE SME Platform
The shares of Shivalic Power Control are slated to be listed on the NSE SME platform on July 1, Monday. The listing will take place at 10 AM, marking a significant milestone for the company.
The listing on the SME platform is expected to provide the company with greater visibility and access to a broader investor base.
About Shivalic Power Control
Founded in 2004, Shivalic Power Control has established itself as a reputable manufacturer of electric panels.
The company’s product portfolio is diverse, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, outdoor panels, and power distribution boards, among others.
Over the years, Shivalic Power Control has built a strong reputation for quality and innovation in the electrical panel industry.
Why Investors Are Excited
Several factors contribute to the excitement surrounding the Shivalic Power IPO:
- Strong Grey Market Premium: The substantial GMP indicates strong market sentiment and the potential for significant listing gains.
- Solid Financials: Shivalic Power Control has demonstrated consistent growth and profitability, making it an attractive investment.
- Growth Potential: As a leading manufacturer of electric panels, the company is well-positioned to benefit from the growing demand for electrical infrastructure.
- Experienced Management: With years of experience and a solid track record, the management team of Shivalic Power Control inspires confidence among investors.
How to Apply for the Shivalic Power IPO
Investors interested in applying for the Shivalic Power IPO can do so through their trading account with a broker. Here are the steps to apply:
- Login to Your Trading Account: Use your trading account credentials to log in to your broker’s platform.
- Go to IPO Section: Navigate to the IPO section, where you will find the Shivalic Power IPO listed.
- Select the Lot Size: Choose the number of lots you wish to apply for, keeping in mind the minimum lot size of 1,200 shares.
- Enter Bid Details: Enter the bid price within the given price band of Rs 95 to Rs 100.
- Confirm and Submit: Review your application details and submit your bid.
Important Dates to Remember
- Subscription Period: June 21 to June 24
- Allotment Announcement: June 27
- Credit of Shares to Demat Account: June 28
- Listing Date: July 1
Conclusion
The Shivalic Power IPO has quickly become one of the most talked-about IPOs in the market.
With its robust GMP, solid financials, and the company’s strong market position, it presents an enticing opportunity for investors.
As the subscription period progresses, it will be interesting to see how the demand for Shivalic Power shares evolves. For now, the high GMP and investor interest suggest a promising debut on the NSE SME platform.