Public issue of 64,32,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Shivalic Power Control Limited (the "Company" or the "Issuer") for cash at a price of Rs. 100 per equity (the "Issue Price") aggregating to Rs. 64.32 crores ("The Issue") comprising of a fresh issue of 64,32,000 equity shares aggregating to Rs. 64.32 crores (the "Fresh Issue") of which 3,36,000 equity shares aggregating to Rs. 3.36 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 60,96,000 equity shares aggregating to Rs. 60.96 crores (the "Net Issue"). The issue and the net issue will constitute 26.67% and 25.28% respectively of the post issue paid up equity share capital of the company.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
24-Jun-2024
26-Jun-2024
₹ 100.00
₹ 0.00
Minimum Application for shares in Nos : 1200.0
Further Multiples of : 1200.0
(₹)Cr.
Lead Managers to the Issue
Project Cost
57.67
Corporate Capitalventures Pvt Ltd
Project Financed through Current Offer
64.32
Post Issue Equity Share Capital
24.12
Issue Price
₹100.00
Projects
To meet the working capital requirements of the company
Funding for procerement of new machineries
Construction of new assembly line by shedding the roof
To meet out the inorganic growth through unidentified acquisition for company