The total IPO Size is ₹101.35 crore in which fresh issue of ₹101.35 crores and offer for sale up to [.] equity shares. The company set face value of ₹10 each. You can apply for Shiv Texchem IPO for minimum lot size is 800 shares for the retail investors, aggregating to an investment of ₹132,800.
This IPO is to be list on BSE SME platform on 15 October 2024, and allotment date is on 11 October 2024 which check Shiv Texchem IPO allotment status on Link Intime India Private Ltd is the registrar for this offering.
The book-running lead managers of this IPO is Vivro Financial Services Private Limited. For more information check Shiv Texchem IPO DRHP and RHP details.
Shiv Texchem IPO Details
| IPO Issue Open Date: | 8 October 2024 |
| IPO Issue Close Date: | 10 October 2024 |
| IPO Issue Price Band: | ₹158 to ₹166 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹101.35 Crores | 6,105,600 shares |
| Fresh Issue: | ₹101.35 Crores | 6,105,600 shares |
| Offer for Sale: | ₹[.] Crores |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE SME |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Shiv Texchem IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| DRHP Draft Prospectus: | Click Here |
Shiv Texchem IPO Dates Timeline
| Issue Open Date: | 8 October 2024 |
| Issue Close Date: | 10 October 2024 |
| Basis of Allotment Date: | 11 October 2024 |
| Refunds Initiation: | 14 October 2024 |
| Shares Credit in Demat: | 14 October 2024 |
| IPO Listing Date Detail: | 15 October 2024 |
Shiv Texchem IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 800 shares = ₹132,800 |
| Retail (Max) | 1 lots and 800 shares = ₹132,800 |
| HNI (Min) | 2 lots and 1600 shares = ₹265,600 |
| B-HNI Minimum | – |
Shiv Texchem IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹40 | ₹20,000 | ₹- | 24% |
| 9th Oct | ₹35 | ₹20,000 | ₹- | 21% |
| 8th Oct | ₹- | ₹- | ₹- | ₹- |
| 7th Oct | ₹40 | ₹25,000 | ₹- | 24% |
About Shiv Texchem
Shiv Texchem 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.
The Company was incorporated on March 31, 2005, as Shiv Texchem Private Limited9, as a private limited company under the Companies Act, 1956 registered with the Registrar of Companies, Mumbai. Subsequently, their Company was converted into a public limited company, pursuant to a resolution passed by their Shareholders at an extraordinary general meeting held on June 11, 2024, and consequently the name of their Company was changed to Shiv Texchem Limited and a fresh certificate of incorporation dated July 05, 2024 was issued by the Registrar of Companies, Mumbai. Their Company has its registered and corporate office at Mumbai, with branch offices in Mumbai, Delhi, Gandhidham, and Ankleshwar.
Shiv Texchem IPO Strengths
- Diversified product portfolio
- Long term relationship with customers and suppliers
- Effective management of supply chain including storage, handling and logistics system
- Experienced management team
- Ensuring price, specifications, quantity and delivery schedule of the products
Objects of the IPO Issue
- To meet long-term working capital requirements; and
- General Corporate Purposes.
Shiv Texchem Company Financial Report
The company reported revenue of ₹1536.69 crores in 2024 against ₹118.67 crores in 2023. The company reported a profit of ₹30.11 crores in 2024 against a loss of ₹16.03 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹865.47 | ₹846.79 | ₹13.86 | ₹425.44 |
| 2023 | ₹1118.67 | ₹1097.13 | ₹16.03 | ₹602.35 |
| 2024 | ₹1536.69 | ₹1495.84 | ₹30.11 | ₹798.68 |
Shiv Texchem IPO Valuation – Key Performance Indicator
Check Shiv Texchem IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 19.08% |
| ROCE: | 26.88% |
| EBITDA Margin: | 3.90% |
| PAT Margin: | 1.96% |
| Debt to equity ratio: | 1.54 |
| Earning Per Share (EPS): | ₹20.68 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.08% |
| Net Asset Value (NAV): | ₹112.99 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
Shiv Texchem IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shivtexchem.smeipo@linkintime.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Shiv Texchem IPO Lead Manager
- Vivro Financial Services Private Limited
Shiv Texchem IPO allotment status check on Link Intime website. Click on Link Intime India Private Ltd to get allotment status.
Promoters of Shiv Texchem
- Vikas Pavankumar
- Hemanshu S. Chokhani
- Pavankumar Sanwaria Realty Private Limited
- Hemanshu Syntex Private Limited
Company Address
Shiv Texchem Limited
Kamla Space, Unit no. 216,
2nd Floor Khira Nagar TPS III,
S.V. Road, Santacruz (West) Mumbai – 400054
Phone: +91 96195 11788
Email: cs@shivtexchem.com
Website: http://www.shivtexchem.com/