247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Shivalik Engineering Industries Limited

Raipur

Date of DRHP : 28 Jun 2024

Issue Type : Book building Process

IPO Type :
MainBoard IPO

Shivalik Engineering Basic Details

   Engineering

Sub Sector: manufacturing casting components including high-quality metal components

About the Company

Shivalik Engineering Industries is 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. Shivalik Engineering Industries is 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. Suraksha Diagnostic offerings provide comprehensive end-to-end solutions to Suraksha Diagnostic customers, encompassing the entire value chain through Suraksha Diagnostic vertically integrated operations - from designing, precision engineering, melting, casting, and cleaning to value-added options such as machining, assembly and reverse engineering services. Shivalik Engineering Industries 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. Suraksha Diagnostic customers also 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, Shivalik Engineering Industries also supply to Star Pipe Products, Houston, Texas, U.S.A.

Financial Summary (Annualised Basis)

Revenue :
695.32 Cr.

PAT :
74.19 Cr.

Shivalik Engineering IPO Lead Manager(s)

Axis Capital Limited
Iifl Securities Limited

Shivalik Engineering IPO Registrar

Bigshare Services Private Limited

Shivalik Engineering DRHP Details

Objects of issue

  • Funding capital expenditure for setting up of solar power plant at Mouza Village Katalbod, Chhatisgarh (“Solar Plant”)
  • Expansion of existing manufacturing units, i.e., expansion of existing foundry capacity by setting up a new foundry line at Unit 2. (“New Foundry Line”)
  • General corporate purposes (collectively with the Solar Plant and the New Foundry Line the “Objects”).

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FAQs

Shivalik Engineering Industries operates in Engineering and manufacturing casting components including high-quality metal components. The Issue would be listed on MainBoard. The registrar of the Issue is Bigshare Services Private Limited. The IPO type of Shivalik Engineering Industries is Book building Process and Object of issue is

  • Funding capital expenditure for setting up of solar power plant at Mouza Village Katalbod, Chhatisgarh (“Solar Plant”)
  • Expansion of existing manufacturing units, i.e., expansion of existing foundry capacity by setting up a new foundry line at Unit 2. (“New Foundry Line”)
  • General corporate purposes (collectively with the Solar Plant and the New Foundry Line the “Objects”).

The DRHP (Draft Red Herring Prospectus) of Shivalik Engineering Industries IPO was filed on 28 Jun 2024.

No, Shivalik Engineering Industries IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Shivalik Engineering Industries are not available now. You can apply in Shivalik Engineering Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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