Price band
₹ 0 to 0 per equity share
Shivalik Engineering Industries IPO
Issue period
Opens On:
Closes On:
Bid lot
0 shares and in multiples thereof
More about the IPO
| Issue size | Rs. 0 Cr |
| Price band | Rs. 0 to 0 per equity share |
| Bid lot | 0 shares and in multiples thereof |
| Issue break-up | QIB - Rs. 0.0 Cr |
| HNI - Rs. 0.0 Cr | |
| RET - Rs. 0.0 Cr | |
| Registrar | |
| Listing at |
Company Details
We are a prominent precision engineering company in India, with a primary focus on manufacturing casting components including high-quality metal components for use in, among others, the automotive, agriculture, railways and off-highway industries. (Source: CRISIL Report). We are predominantly a supplier of precision engineering components for commercial vehicles, tractors and off-highway vehicles, pipe fittings and rail components, with 297 SKUs as of December 31, 2023.
Our offerings provide comprehensive end-to-end solutions to our customers, encompassing the entire value chain through our vertically integrated operations - from designing, precision engineering, melting, casting, and cleaning to value-added options such as machining, assembly and reverse engineering services.
We cater to leading brands in India such as Daimler India Commercial Vehicles Private Limited, Ashok Leyland Limited, AAM India Manufacturing Corporation Private Limited, Watson & Chalin India Private Limited (Hendrickson Commercial Vehicle Systems (India) and VE Commercial Vehicles Limited, and export to Accuride Corporation (U.S.A.) and Webb Wheel Products Inc. in the commercial vehicles segment. Our customers also 285 include Mahindra and Mahindra Limited, International Tractors Limited and Escorts Kubota Limited in the tractor segment and DMW CNC Solutions India Private Limited, Shakti Precision Components (India) Private Limited, Precision Machine and Auto Components Private Limited and PMP Drive Systems India Private Limited in the off-highway vehicles segment and National Engineering Industries Limited in the railways segment. Further, we also supply to Star Pipe Products, Houston, Texas, U.S.A.
We commenced our operations in 2007, under the aegis of SPSPL (whose casting division, i.e., the Demerged Undertaking has been merged into our Company pursuant to the Composite Scheme), and opened our first facility in Chhattisgarh with an installed manufacturing capacity of 25,000 MT. We have expanded our capacity and currently operate three manufacturing facilities and are in the process of setting up our separate, consolidated machining unit in Chhattisgarh, with their total installed manufacturing capacity as at December 31, 2023 being 83,800 MT for engineering, melting, casting and cleaning and machining.
Further, while we have expanded to overseas markets such as U.S.A. with offerings from our pipe fittings segment, we also aim to expand our automotive offerings overseas. To that effect, we are currently involved in the sample development and submission phase for our wheel hubs with a U.S.A. based company. We are also registered with the Indian Railways as a supplier for certain components, to their channel partners, who supply the finished products to the Indian Railways.
- Log in to the Mirae Asset Sharekhan appMirae Asset Sharekhan app opens in a new tab/window and tap the hamburger menu.
- Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
- Click on the Current IPO tab and select the IPO of your choice.
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
- Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
- Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Note: The actual amount will be debited when the shares are allotted to you.
How to apply for an IPO on the Mirae Asset Sharekhan app
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- Log in to the Mirae Asset Sharekhan websiteMirae Asset Sharekhan website opens in a new tab/window and click the IPO & OTHERS menu option you see on the top-right.
- From the list of Active IPOs, select the IPO of your choice
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
- Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
- Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.
Note: The actual amount will be debited when the shares are allotted to you.
How does an IPO work?
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
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