Shiv Texchem IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated on March 31, 2005, Shiv Texchem Limited is primarily engaged in the business of importing and distribution of hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw…
Open Date
Tue, 08 Oct 2024
Close Date
Thu, 10 Oct 2024
Price Band
₹ 158 – 166
Lot Size
800
Issue Size
₹ 101.35 Cr
Minimum Investment
₹ 265,600 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Shiv Texchem IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹101.35 Crore, comprising a fresh issue of 61.06 Lakh equity shares aggregating to ₹101.35 Crore.
The Shiv Texchem IPO remained open for subscription from October 08, 2024, to October 10, 2024. The basis of allotment was finalized on October 11, 2024, and the company's shares were listed on BSE SME Platform on October 15, 2024.
The company had fixed the price band at ₹158 to ₹166 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹265,600 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Vivro Financial Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Shiv Texchem Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Shiv Texchem IPO Timeline (Tentative)
- IPO Open Date
- Tue, 08 Oct 24
- IPO Close Date
- Thu, 10 Oct 24
- Basis of Allotment
- Fri, 11 Oct 24
- Initiation of Refunds
- Mon, 14 Oct 24
- Credit of Shares to Demat
- Mon, 14 Oct 24
- Listing Date
- Tue, 15 Oct 24 — NSE & BSE
Open Date
08 October 2024
Close Date
10 October 2024
Basis Of Allotment
11 October 2024
Listing Date
15 October 2024
IPO Subscription
Check Live Subscription →The Shiv Texchem IPO has received bids for 63,60,36,000 shares against 40,60,800 shares offered, resulting in an overall subscription of 156.63x. the NII category is subscribed 455.93x, Retail Investors 68.27x, and QIBs 86.7x.
QIB
86.7x
NII
455.93x
RII
68.27x
Total
156.63x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 20,30,400 shares, representing 33.25% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 11,60,000 shares (19%), while Non-Institutional Investors (NIIs) receive 8,70,400 shares (14.26%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,739,200 | 28.49% |
| Market Maker | 305,600 | 5.01% |
| Qualified Institutions | 1,160,000 | 19% |
| Non-Institutional | 870,400 | 14.26% |
| Retail Investors | 2,030,400 | 33.25% |
| Total | 6,105,600 | 100% |
Financials Details(₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 85483.43 | 79868.05 | 60234.98 | 42543.57 |
| Revenue | 56707.83 | 153668.79 | 111866.98 | 86547.46 |
| Profit After Tax | 1005.89 | 3011.3 | 1602.72 | 1386.48 |
| Net Worth | 20293.58 | 19287.69 | 12276.39 | 10673.68 |
| Reserve & Surplus | 20080.25 | 19074.36 | 12116.39 | 10513.68 |
| Total Borrowings | 27085.63 | 29665.25 | 32914.39 | 12034.33 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Shiv Texchem Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 5.08 |
| ROCE % | 7.16 |
| Debt / Equity | 1.33 |
| RoNW % | 5.08 |
| PbW | 1.47 |
| Pat Margin % | 1.78 |
Peers Comparison
No Peer Comparision Available
About Shiv Texchem Limited
Incorporated on March 31, 2005, Shiv Texchem Limited is primarily engaged in the business of importing and distribution of hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have application across wide spectrum of industries like paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products and specialty industrial chemicals.
Company sourcing these chemicals from international producers and suppliers, redistributing them to domestic industries, and ensuring sufficient and timely supply to manufacturers.
Shiv Texchem sources chemicals from China, Taiwan, South Korea, Kuwait, Qatar, USA, Netherlands, Belgium, and Italy amongst others, and supplies to a diverse range of customers such as Apcotex Industries, Hemani Industries, Gujarat Fluorochemicals amongst others.
Shiv Texchem IPO Promoters
Company's promoters.
- Vikas Pavankumar
- Hemanshu S. Chokhani
- Pavankumar Sanwaria Realty Private Limited
- Hemanshu Syntex Private Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
Shiv Texchem IPO Objective
The Company intends to utilize the gross proceeds raised through the Issue (“Gross Proceeds”), after deducting
the Issue related expenses (“Net Proceeds”), for the following objects:
1. To meet long-term working capital requirements; and
2. General Corporate Purposes.
Shiv Texchem Limited Address / Contact Details
Shiv Texchem Limited
Kamla Space, Unit no. 216, 2nd Floor
Khira Nagar TPS III, S.V. Road, Santacruz
(West) Mumbai – 400054,
Maharashtra,India.
Phone: +91 96195 11788
Email: cs@shivtexchem.com
Website: http://www.shivtexchem.com
IPO Snapshot
Shiv Texchem IPO Lot Size
The Shiv Texchem IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹1,32,800 by applying for 1 lot (800 shares). The maximum application allowed for the retail category is 1 lots (800 shares), requiring an investment of ₹1,32,800.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | 132,800.00 |
| Retail (Max) | 1 | 800 | 132,800.00 |
| S-HNI (Min) | 2 | 1,600 | 265,600.00 |
Issue Reservation
- Anchor Investors — 28.49%
- Market Maker — 5.01%
- QIB — 19%
- NII — 14.26%
- RII — 33.25%
Book Running Lead Managers
- Vivro Financial Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Shiv Texchem IPO?
Shiv Texchem IPO is a Book-building IPO with a total issue size of ₹101.35 crore. The Shiv Texchem IPO price band is ₹158 to 166 per share. The Shiv Texchem IPO subscription opens on Tue, Oct 8, 2024, and closes on Thu, Oct 10, 2024. The Shiv Texchem IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Shiv Texchem IPO.
When will the Shiv Texchem IPO open for subscription?
The Shiv Texchem IPO opens on Tue, Oct 8, 2024 and closes on Thu, Oct 10, 2024
What is Shiv Texchem IPO Price Band?
Shiv Texchem IPO Price Band is ₹158 to 166 per share.
What is Shiv Texchem IPO Lot Size?
Shiv Texchem IPO lot size is 800 shares, Retail investors need a minimum investment of ₹265600 based on the upper price band
What is the minimum investment for Shiv Texchem IPO?
The minimum investment for Shiv Texchem IPO is ₹265600, based on one lot of 800 shares at the upper price band of ₹166 per share.
How to apply for Shiv Texchem IPO?
Investors can apply for the Shiv Texchem IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 10, 2024. The application amount remains blocked until the Shiv Texchem IPO allotment is finalized.
What is Shiv Texchem IPO Issue Size?
Shiv Texchem IPO issue size is ₹101.35 crores.
What is the Shiv Texchem IPO Allotment Date?
Shiv Texchem IPO allotment date is Fri, Oct 11, 2024.
Who is the Shiv Texchem IPO Registrar?
The registrar for Shiv Texchem IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Shiv Texchem IPO allotment status, refund processing, and other IPO-related information.
What is the Shiv Texchem IPO GMP?
The Shiv Texchem IPO GMP (Grey Market Premium) is ₹65 as of Tue, Oct 15, 2024. Based on the upper price band of ₹166 per share, the estimated Shiv Texchem IPO listing price is ₹231, indicating a potential listing gain of approximately 39.16% over the issue price.
Who is the Shiv Texchem IPO Lead Manager?
The book-running lead managers (BRLMs) for the Shiv Texchem IPO are Vivro Financial Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Shiv Texchem IPO Red Herring Prospectus (RHP).