Shivalic Power Control files DRHP for IPO with NSE Emerge

. Shivalic Power Control IPO comprises a fresh issuance of 64.32 lakh equity shares, each with a face value of 10..

Premium Shivalic Power Control Ltd, has filed its Draft Red Herring Prospectus (DRHP) for the IPO with NSE Emerge..

Shivalic Power Control Ltd, an electric panel manufacturer, plans to launch its initial public offering (IPO) and has filed its Draft Red Herring Prospectus (DRHP) for the IPO with NSE Emerge..

According to DRHP, Shivalic Power Control intends to utilize 30.02 crore of the IPO proceeds to meet its working capital requirement; 5.81 crore to procure new machinery; 1.82 crore to construct a new assembly line by shedding the roof; and 5.75 crore to fund inorganic growth initiatives through unidentified acquisitions..

Shivalic Power Control is a Faridabad-based company that manufactures 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..

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