On the last day of bidding for the Shivalic Power Control IPO, the total subscription reached 257.24 times led by non-institutional buyers subscribing 436.37 times. Qualified institutions subscribed the issue 170.32 times and retail investors subscribed 230.14 times, as per chittogarh.com.
The SME IPO which aims to raise Rs 64.32 crore by issuing 64.32 lakh new shares, was open for subscription from June 24 to June 26. The price band for the Shivalic Power Control IPO was set between Rs 95 and Rs 100 per share. Investors could apply for a minimum of 1200 shares, requiring a minimum investment of at least Rs 1,20,000 for retail investors.
Shivalic Power Control IPO Allotment Date
The share allotment of Shivalic Power Control IPO will be finalised on Thursday, June 27.
Investors can check Shivalic Power Control IPO allotment status on Skyline Financial Services Private Ltd, the registrar for the issue.
How to check Shivalic Power Control IPO allotment status on Skyline Financial Services
Visit the official website of Skyline Financial Services here: https://www.skylinerta.com/ipo.php
Select "Shivalic Power Control Limited" from the list of companies on the check applicant status page.
Enter the required information, which could be either the Application number, DPID/Client ID or PAN.
Click on the "Search" button.
The allotment status will be displayed on the screen.
Shivalic Power Control IPO Listing Date
Shares of Shivalic Power Control Limited are set to be listed on NSE Emerge platform on Monday, July 1.
Issue Timeline
Basis of Allotment: Thursday, June 27
Initiation of Refunds: Friday, June 28
Credit of Shares to Demat: Friday, June 28
Listing Date: Monday, July 1
About Shivalic Power Control Limited
Shivalic Power Control Limited, founded in 2004, makes electric panels like PCC, IMCC, MCC, and smart panels. They also produce high-tension panels up to 33KV and serve over 15 industries in India and countries like Nepal, Bangladesh, Sri Lanka, Thailand, Uganda, Kenya, Nigeria, and Algeria. They are licensed partners for Siemens, L&T Electrical and Automation and Schneider Electric to make fully tested panels and meet international quality, environmental, and safety standards. Their factory in Faridabad, Haryana, can produce 10,000 units per year.
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