Shivalic Power Control IPO to open on June 24; price band set at ₹95-100 apiece

livemint.com:

₹95 and ₹100 per equity share, having a face value of ₹10 each. The Shivalic Power Control IPO will open for subscription on Monday, June 24, and close on Wednesday, June 26.

Each Shivalic Power Control IPO lot consists of 1,200 shares. The floor price is 9.50 times of the face value and the cap price is 10.00 times of the face value of the equity shares.

The Shivalic Power Control IPO has allocated 3,36,000 equity shares to the market maker portion, 18,28,800 equity shares to the anchor portion, 12,19,200 equity shares to the qualified institutional buyer, 21,33,600 equity shares to the retail portion, and 9,14,400 equity shares to the non-institutional segment.As per company's red herring prospectus (RHP), Shivalic Power Control Ltd has been manufacturing LT and HT electric panels for 20 years and is ISO certified. The firm is a technology-driven corporation that places a high value on quality, design, and product development, allowing them to create products that meet the needs of its clients.