Shivalic Power Control IPO

Shivalic Power Control Ltd. (SPCL) is an ISO-certified electric panel manufacturer. The company designs and engages in product development at its 1.25 lakh square foot in-house manufacturing facility, producing a diversified range of electric panels such as PCC panels, smart panels, outdoor panels, LT& HT panels and APFC panels. Over the past two decades, the company has served across 15+ traditional industries, such as FMGC, metals, cement, and automobiles. Their 1,500+ clientele spans industry leaders, including companies such as Hewlett Packard, Jindal Steel & Power, Naini Paper, JK Cement, Yamaha Motors, etc. The company recently diversified and started serving the needs of the data centre industry, bagging its biggest order for LT works at the RBI Data Centre Complex at Bhubaneshwar. SPCL is authorised by industry leaders such as L&T, Siemens, Schneider Electric, and TDK to manufacture fully type-tested panels, which it also exports to Mongolia, Nepal, Thailand, Sri Lanka, Nigeria, Kenya, Bangladesh, Sudan, Uganda, South Africa, Afghanistan, and Algeria. The company sources a majority of its raw materials directly from industrial giants like L&T, Siemens, and ABB, among others.;