SHIVALIC POWER CONTROL IPO Review

SHIVALIC POWER CONTROL LIMITED is a trailblazer in the realm of electrical control systems. Since their inception in 2004, they have been the driving force behind seamless industrial operations and enhanced equipment safety. Their commitment extends beyond mere power distribution, they ensure operational excellence for over 1500+clients globally.

The Company have a professional and experienced Promoters named Mr. Amit Kanwar Jindal, who have a experience of 24 years engineering expertise. Mr. Jindal is the embodiment of innovation at the core of their organization. 

Financially, SHIVALIC POWER CONTROL revenue increased from ₹5238 Lakhs in FY21 to ₹5741.44 Lakhs in FY22 and further increased to ₹8269.39 Lakhs in FY23 and currently at ₹6379.16 Lakhs for 9MFY24. Similarly, EBITDA was stable at ₹517.54 Lakhs in FY21 and ₹512.3 Lakhs in FY22 and shows huge jump in FY23 at ₹1325.85 Lakhs and currently at ₹1333.05 Lakhs for 9MFY24. The PAT increased from ₹67.28 Lakhs in FY21 to ₹174.79 Lakhs in FY22 and shows huge jump to ₹716.29 Lakhs in FY23 and currently at ₹760.11 Lakhs for 9MFY24. This indicates steady growth in financial performance.

For the Shivalic Power Control IPO, the company is issuing shares at a pre-issue EPS of ₹4.19 and a post-issue EPS of ₹2.97. The pre-issue P/E ratio is 23.86x, while the post-issue P/E ratio is 33.67x against the industry P/E ratio of 50x. The company's ROCE for 9MFY23 is 19.20%, and ROE for 9MFY23 is 28.33%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Shivalic Power Control indicates potential listing gains of 110% - 120%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to apply to the IPO for listing gains or long term Investment purposes.