Shivalic Power Control Ltd - IPO

Shivalic Power Control Ltd IPO Details

Public issue of 64,32,000 equity shares of face value of Rs. 10 each (Equity Shares) of Shivalic Power Control Limited (the Company or the Issuer) for cash at a price of Rs. 100 per equity (the Issue Price) aggregating to Rs. 64.32 crores (The Issue) comprising of a fresh issue of 64,32,000 equity shares aggregating to Rs. 64.32 crores (the Fresh Issue) of which 3,36,000 equity shares aggregating to Rs. 3.36 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 60,96,000 equity shares aggregating to Rs. 60.96 crores (the Net Issue). The issue and the net issue will constitute 26.67% and 25.28% respectively of the post issue paid up equity share capital of the company.

Objective of issue

To meet the working capital requirements of the company. Funding for procerement of new machineries. Construction of new assembly line by shedding the roof. To meet out the inorganic growth through unidentified acquisition for company. General corporate expenses.

Shivalic Power Control Ltd Contact Details

Shivalic Power Control Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - compliance@shivalic.com

Website - https:, shivalic.com