Shivalik Engineering IPO

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 Commercial VehiclesBrake drums, wheel hubs, carriers, brackets, differential cases and covers, casings TractorsTrumpets, transmission housings, gear box housings, clutch housings, front axle support, crank cases, brackets Off-Highway VehiclesSteering axles, modular axles RailwaysFitted backing rings, axle end caps, base plate covers, adapters Water InfrastructurePipe fittings for water work applications 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 Established Manufacturing Capacity: Began with 25,000 MT capacity in Chhattisgarh Facilities: Owns and operates three manufacturing plants Machining Unit: A new consolidated machining unit is under development in Chhattisgarh Warehouses: Located in Alwar (Rajasthan), Doddaballapura (Karnataka), Jamshedpur (Jharkhand), Pantnagar (Uttarakhand), and Pitampura (Madhya Pradesh) Employees: As of December 31, 2023, the company had 1,206 permanent employees.

Funding capital expenditure for setting up of the Solar Plant. Expansion of existing manufacturing units, i.e., expansion of existing foundry capacity by setting up a new foundry line. General corporate purposes.