How to Check Shivalic Power IPO Allotment Status

The Shivalic Power Control IPO, which closed on June 26, received an overwhelming response. Opening on June 24, the IPO was subscribed 257.24 times, with bids for over 109 crore shares against 42.67 lakh shares on offer. The allotment status is set to be finalized today.

If you applied for the IPO, here’s how you can check the Shivalic Power IPO allotment status:


Checking Allotment Status on Registrar’s Website

1. Visit the registrar’s website.
2. Click on “Company Selection” and choose “Shivalic Power Control” from the dropdown menu.
3. Enter your PAN, application number, or Demat number.
4. Click Submit to retrieve the status.

If all the details are correct and the allotment has been finalized, your allotment status will be visible.

Shivalic Power IPO Subscription Status

– Non-institutional investors: 436.37 times
– Retail individual investors (RIIs): 230.14 times
– Qualified institutional buyers (QIBs): 170.32 times

Shivalic Power IPO GMP

The Grey Market Premium (GMP) for the Shivalic Power IPO is currently reported at ₹175. With the IPO price band set at ₹100, the expected listing price is ₹275, indicating a potential gain of approximately 175%. However, it’s important to note that while GMPs can provide some insight into market sentiment, they are not always reliable predictors of stock performance upon listing.

Shivalic Power IPO Details

– Fundraising Goal: ₹64.32 crore
– Price Range: ₹95 to ₹100 per share
– Minimum Investment: 1,200 shares, making the minimum investment ₹120,000 for retail investors

Shivalic Power Control Limited, founded in 2004, manufactures a range of electric panels including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, and more. Authorized by industry leaders such as L&T, Siemens, Schneider Electric, and TDK, the company produces fully type-tested panels.

The company reported a 44.03% increase in revenue and a 309.78% rise in profit after tax between the fiscal years ending March 31, 2022, and March 31, 2023.