Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
The SEBI approval for proposed Initial Public Offer (IPO) of Shivalik Engineering Industries Ltd. expired on September 13, 2025. Shivalik Engineering Industries Ltd. had filed the DRHP with SEBI on July 1, 2024 for the Initial Public Offer (IPO).
Shivalik Engineering Industries Ltd. IPO was a Book Build Issue consisting of fresh issue of ₹335.00 crores and an offer for sale (OFS) of upto 0.41 crore equity shares.
The equity shares were proposed to be listed on NSE and BSE. Axis Capital Ltd. was the book running lead manager and Bigshare Services Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹335 Cr) |
| Offer for Sale | 41,30,000 shares of ₹5 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 2,47,24,416 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Jul 1, 2024 |
| SEBI/Exchange approval received | Fri, Sep 13, 2024 |
| SEBI approval expired | Sat, Sep 13, 2025 |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 2007, Shivalik Engineering Industries Limited is a precision engineering company in India focused on the manufacturing of casting components for use in industries such as automotive, agriculture, railways, and off-highway vehicles. The company offers metal components for commercial vehicles, tractors, rail infrastructure, and pipe fittings, with 297 SKUs as of December 31, 2023.
Product Segments
Customers
The company supplies components to several well-known domestic and international customers in the commercial vehicle, tractor, off-highway, railways, and pipe fitting segments. Indian clients include brands such as Daimler India Commercial Vehicles, Ashok Leyland, Mahindra and Mahindra, International Tractors, and more. Export clients include Accuride Corporation and Webb Wheel Products Inc., among others.
Manufacturing & Facilities
Employees: As of December 31, 2023, the company had 1,206 permanent employees.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 398.42 | 335.67 | 190.11 | 187.37 |
| Total Income | 521.50 | 552.34 | 313.26 | 188.89 |
| Profit After Tax | 55.64 | 26.05 | 4.08 | 1.03 |
| NET Worth | 213.72 | 159.42 | 64.63 | 52.48 |
| Reserves and Surplus | 209.27 | 154.19 | 56.59 | 44.97 |
| Total Borrowing | 109.59 | 125.22 | 154.39 | 157.91 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Omnitech Engineering Ltd. | Mainboard | ₹583.00 Cr | ₹227 | ₹204.93 | -9.72% | ₹489.95 (-0.18%) |
| Epack Prefab Technologies Ltd. | Mainboard | ₹504.00 Cr | ₹204 | ₹190.66 | -6.54% | ₹239.96 (-5.78%) |
| Aditya Infotech Ltd. | Mainboard | ₹1,300.00 Cr | ₹675 | ₹1,082.65 | +60.39% | ₹3,558.50 (-1.63%) |
| Merritronix Ltd. | SME | ₹70.03 Cr | ₹149 | ₹297.25 | +99.50% | ₹455.70 (+0.37%) |
| Adisoft Technologies Ltd. | SME | ₹74.10 Cr | ₹172 | ₹215.25 | +25.15% | ₹190.00 (-0.84%) |
| Highness Microelectronics Ltd. | SME | ₹21.67 Cr | ₹120 | ₹129.75 | +8.12% | ₹177.55 (+9.97%) |
| Tipco Engineering India Ltd. | SME | ₹60.55 Cr | ₹89 | ₹84.79 | -4.73% | ₹190.80 (-1.62%) |
| Gabion Technologies India Ltd. | SME | ₹29.16 Cr | ₹81 | ₹93.41 | +15.32% | ₹66.00 (+1.23%) |
| Admach Systems Ltd. | SME | ₹42.60 Cr | ₹239 | ₹200.75 | -16.00% | ₹300.10 (-0.96%) |
| Apollo Techno Industries Ltd. | SME | ₹47.96 Cr | ₹130 | ₹151.95 | +16.88% | ₹82.00 (+1.17%) |
| HRS Aluglaze Ltd. | SME | ₹50.92 Cr | ₹96 | ₹132.30 | +37.81% | ₹247.95 (-0.82%) |
| Purple Wave Infocom Ltd. | SME | ₹31.45 Cr | ₹126 | ₹130.50 | +3.57% | ₹115.55 (-4.19%) |
| Shining Tools Ltd. | SME | ₹17.10 Cr | ₹114 | ₹98.80 | -13.33% | ₹86.00 (+3.61%) |
| True Colors Ltd. | SME | ₹127.96 Cr | ₹191 | ₹183.05 | -4.16% | ₹163.00 (+0.87%) |
| L.T.Elevator Ltd. | SME | ₹39.37 Cr | ₹78 | ₹142.90 | +83.21% | ₹262.50 (+6.92%) |
| Airfloa Rail Technology Ltd. | SME | ₹91.10 Cr | ₹140 | ₹279.30 | +99.50% | ₹326.85 (-0.09%) |
| Taurian MPS Ltd. | SME | ₹42.53 Cr | ₹171 | ₹220.50 | +28.95% | ₹313.00 (-0.81%) |
| Cryogenic OGS Ltd. | SME | ₹17.77 Cr | ₹47 | ₹93.76 | +99.49% | ₹279.35 (+2.05%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for setting up of the Solar Plant. | 179.24 |
| 2 | Expansion of existing manufacturing units, i.e., expansion of existing foundry capacity by setting up a new foundry line. | 50.00 |
| 3 | General corporate purposes. |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 26.21% |
| ROCE | 31.72% |
| Debt/Equity | 0.79 |
| RoNW | 23.26% |
| PAT Margin | 5.55% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.54 | |
| Promoter Holding | 89.75% |
Lead Manager Reports
Shivalik Engineering IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Shivalik Engineering IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shivalik Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Shivalik Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shivalik Engineering IPO through Zerodha
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The Shivalik Engineering IPO dates are not announced. Please check back again after some time.
Shivalik Engineering IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Shivalik Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shivalik Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shivalik Engineering IPO allotment status.
The Shivalik Engineering IPO listing date is not yet announced. The tentative date of listing is .
