Shivalik Power Control Limited IPO: The IPO of Shivalik Power Control Limited will open for investors from today. This IPO of the company will be open till 26th June i.e. Wednesday. Talking about the IPO size of the company, its price is Rs 64.32 crore. Shivalik Power will issue 64.32 lakh new shares in the IPO. Let us tell you that the company’s performance in the gray market has excited investors.
Strong demand for this IPO, 100% subscribed on day 1, GMP ₹ 172
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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 created one lot of 1200 shares. Due to which investors have to bet at least 1,20,000 rupees. Let us tell you that the allotment of shares from the company to the investors who have staked is to be done on June 27. Listing of the company in NSE SME is possible on July 1.
Gray market storm
The company’s performance in the gray market is excellent. The company is trading at a premium of Rs 155 today. If the situation continues till the listing, Shivalik Power can debut in the stock market at a price of more than Rs 250. From GMP’s position, it seems that the IPO will double investors’ money on the first day itself. Let us tell you that the gray market changes every day. In such a situation, both the price increase and decrease can be seen in the coming time.
The company raised Rs. 18.29 crore was collected
Shivalik Power Control IPO has also raised money from anchor investors (major investors). The company raised Rs. 18.29 crore has been collected. The IPO was open to anchor investors on June 21. Let us tell you that the promoters of the company are Amit Kanwal Jindal and Sapna Jindal. Both had 96.63 percent stake before the IPO.