Shivalic Power Control IPO allotment is expected today, Know how to check status on Skylinerta and NSE website

Shivalic Power Control IPO allotment: Electric control panel manufacturer Shivalic Power Control is expected to finalise the IPO share allotment status on Thursday, June 27, following the successful close of its public offer.

The company received a stellar response from public investors with the IPO being subscribed 257 times at close on Wednesday.

Investors are now waiting for Shivalic Power Control Ltd. to finalise the share allotment status. Investors can easily check the Shivalic Power Control IPO share allotment status on the website of IPO registrar Skyline Financial Services Pvt Ltd and the NSE website by following these simple steps.

How to check Shivalic Power Control IPO share allotment status on registrar website:

• Go to the official website of Skyline Financial Services Pvt Ltd (https://www.skylinerta.com)
• Click on Investors and select Public Issues
• Select Shivalic Power Control from dropdown list (The name will appear after the share allotment)
• Fill Client ID, Application No, or PAN details
• Click on Search

How to check Shivalic Power Control share allotment on NSE website

• Visit NSE website ( https://www.nseindia.com)
• Login with username and password (Investors need to create Login & Password)
• Select Shivalic Power Control
• Verify PAN No
• Enter IPO application No
• Click on Submit

Shivalic Power Control IPO subscription

The public offer of Shivalic Power Control was open for subscription from June 24 to 26. The ₹64.32 crore IPO consisted of a fresh issue of 64.32 lakh shares. The company set the price band at ₹95 to ₹100 per share. The lot size was 1,200 shares.

According to exchange data, the Shivalic Power Control IPO was booked 257 times. Applications for 109.77 crore shares worth ₹10,997 crore were received against 42.67 lakh shares on offer for subscription.

The Qualified Institution Buyers’ portion was subscribed 170.32 times. Bids for 20.76 crore shares were received against 12.19 lakh shares on offer.

Non-Institutional Buyers’ quota was booked 436.37 times with bids for 39.90 crore shares against 9.14 lakh shares on offer.

Retail investors’ portion was booked 230 times. Applications for 49.10 crore shares were received against 21.33 lakh shares on offer.

Earlier, Shivalic Power Control IPO raised ₹18.29 crore from anchor investors by allotting 1,828,800 shares to seven funds at a price of ₹100 per share.

According to the RHP, Shivalic Power Control will utilise the IPO proceeds to meet the working capital requirements, set up a new assembly line, and purchasing machinery and finance inorganic acquisitions.

The company has proposed to utilise ₹30.02 crore to meet working capital requirements. It will utilise ₹5.81 crore for buying new machines and ₹1.82 crore to set up a new assembly line. Shivalic Power Control has marked ₹5.75 crore to fund growth through through unidentified acquisitions.

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