SHIVALIC POWER CONTROL IPO Review - Issue Date, Price, GMP, Allotment, Lot Size, and Details

About SHIVALIC POWER CONTROL Limited

Shivalic Power Control Limited is an ISO-certified LT and HT electric panel manufacturer with an operating history of 20 years. They are a technology-driven company with a strong focus on quality, design and product development, which has allowed them to develop products suited to their customers’ requirements. Their 1,25,000 Sq. Feet of in-house manufacturing unit allowed them to manufacture a diversified range of electric panels such as PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronisation panels, Outdoor panels, HT Panels up to 33KV, VFD Panels, Power Distribution Boards, Bus Duct and LT & HT APFC Panels. They are authorised by industry leaders such as L&T, Siemens, Schneider Electric and TDK to manufacture fully typetested panels as per IEC 61439 – 1&2 ,IEC 61641, IS1893 which they serve to more than 15+ industrial Sectors in India as well as in outside India, viz, Nepal, Bangladesh, African countries such as Uganda, Kenya, Nigeria, Algeria. So far, they are serving traditional industries like FMCG, Metal, Cement, Automobile etc, and also they have diversified their business and started serving to data centre industry also. 

INDIAN ELECTRICAL CONTROL PANEL AND SWITCHGEAR INDUSTRY

The Global electric control panel market size has grown strongly in recent years. It will grow from $5.47 billion in 2023 to $5.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to industrial growth, energy demand, customization needs, economic factors, infrastructure development. The electric control panel market size is expected to see strong growth in the next few years. It will grow to $7.79 billion in 2028 at a compound annual growth rate (CAGR) of 7.3% Global Electric size is projected to touch USD 1982.85 million by 2031 and "Asia Pacific to Dominate the Region Due To Rise In Demand For Electricity"

The Indian electrical equipment market size is estimated to grow at a CAGR of 11.68% between 2022 and 2027. The market size is forecast to increase by USD 52,975.77 million. The growth of the market depends on several factors such as an increase in the number of residential and commercial building projects, a rise in power generation from renewable energy sources, and an increase in investments in the power sector. 

India Switchgear (LV, MV, HV) Market Overview, 2027-28:  As per Frost & Sullivan's report, the LV switchgear market, which was approximately INR 12,000 Crores in CY2022, is expected to grow at a CAGR of more than 5% over the next five years. 

SHIVALIC POWER CONTROL LIMITED STRENGTHS
1. Seizing Opportunities in the Data Center Boom: A Gateway for Electric Panel Manufacturers
2. Leverage EPC Projects for Electric Panel Manufacturing
3. Intend for Increasing their Global presence

SHIVALIC POWER CONTROL LIMITED STRATEGIES

1. Ensuring Excellence Through Rigorous Quality Control Processes
2. Strategic Tie Ups For Direct Billing From
3. 3 D Bus Bar unique Bending
4. The quality of their techno modular design fully bolted Zero Welding
5. Strengthen their marketing network
6. Experienced promoters and a skilled management team with strong industry expertise.

SHIVALIC POWER CONTROL LIMITED RISK FACTORS & CONCERNS

1. The Company has given Guarantees of ₹694.87 Lakh in favour of our clients through Bank Guarantees.
2. The Company has availed secured short-term working capital loan of Rs. 2,529.88 lakhs and unsecured loan of Rs. 422.18 lakhs which are repayable on demand.
3. Majority of their state wise revenues from operations for the last 3 years and for the stub period is dependent majorly on Haryana.
4. Their top ten clients contribute approximately 40.77 %, 53.02%, 56.78% and 82.97% of their revenues from operations for the period ended December 31, 2023.
5. Risk of Forward integration by the OEMs to direct manufacture the electric control panels or cancellation of their tie-up with the OEMs.