Shivalic Power Control Limited IPO: Shivalik Power Control Limited IPO is opening for investors from today. This IPO of the company will remain open till Wednesday, June 26. Talking about the size of the company’s IPO, it is Rs 64.32 crore. Shivalik Power will issue 64.32 lakh fresh shares of the IPO. Let us tell you, the performance of the company in the gray market has excited the investors.
There is strong demand for this IPO, 100% subscribed on the first day, GMP ₹ 172
Price: 95 to 100 rupees
The price band of Shivalik Power Control Limited’s IPO has been fixed at Rs 95 to Rs 100 per share. The company has made a lot of 1200 shares. Due to which investors will have to place a bet of at least Rs 1,20,000. Let us tell you, the allotment of shares to the investors who place bets is to be done by the company on June 27. The company’s listing on NSE SME is possible on July 1.
Storming the grey market
The company’s performance in the gray market is excellent. The company is trading at a premium of Rs 155 today. If this situation remains till listing, then Shivalik Power can debut in the stock market at a price of more than Rs 250. From the GMP status, it seems that the IPO will double the investors’ money on the first day itself. Let us tell you, there are changes in the gray market every day. In such a situation, both rise and fall in prices can be seen in the coming time.
The company raised Rs 18.29 crore from anchor investors
Shivalik Power Control IPO has also raised money from anchor investors (big investors). The company has collected Rs 18.29 crore from anchor investors. This IPO was open for anchor investors on 21 June. Let us tell you, the promoters of the company are Amit Kanwal Jindal and Sapna Jindal. Both together had 96.63 percent stake before the IPO.
