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Shivalik Power Systems IPO Sees Overwhelming Demand on Opening Day: Apply or Not

Shivalik Power Systems IPO

Shivalik Power Systems IPO Sees Overwhelming Demand on Opening Day: Apply or Not? The initial public offering (IPO) of Shivalik Power Systems has seen an overwhelming response just hours after opening for subscription on Monday. The company aims to raise ₹64.32 crore through the NSE Emerge platform.

IPO Details

Subscription Status

As of 10:46 am on the opening day, the IPO has been subscribed 8.44 times. According to NSE data:

Management and Registrar

Company Overview

Shivalik Power Systems is a manufacturer of electric panels known for qualitative and dependable equipment supply in the power industry. The high response for their IPO testifies to the confidence of the investors in the development potential of the company and its market position.

With the IPO closing on June 26, 2024, how this subscription process is going to pan out is being watched by investors with bated breath. The completion of this IPO could turn out to be an event of immense importance to Shivalik Power Systems for boosting its market presence and operating skills.

 

Source: Shivalic Power Control IPO: Opens with overwhelming response; plans to raise ₹64.32 crore through NSE Emerge; price band of ₹95-₹100 – The Hindu BusinessLine

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