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.
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.
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.
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.
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.
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.
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.
Several factors contribute to the excitement surrounding 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:
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.
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