The Shiv Texchem IPO is a book-built issue worth ₹101.35 crores, consisting entirely of a fresh issue of 61.06 lakh shares. The IPO opens for subscription on October 8, 2024, and closes on October 10, 2024. The allotment is expected to be finalized on October 11, 2024, with the listing on BSE SME tentatively scheduled for October 15, 2024.
The price band is set between ₹158 and ₹166 per share, with a minimum application size of 800 shares, requiring a retail investment of ₹132,800. For HNIs, the minimum investment is 2 lots (1,600 shares), totaling ₹265,600.
Vivro Financial Services Private Limited is the book-running lead manager, Link Intime India Private Ltd is the registrar, and Rikhav Securities serves as the market maker for the IPO.
Below are the details of Shiv Texchem IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Shiv Texchem IPO Details
| IPO Date | October 8, 2024 to October 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹158 to ₹166 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Fresh Issue | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,066,672 |
| Share holding post issue | 23,172,272 |
| Market Maker portion | 305,600 shares |
Shiv Texchem IPO Timeline
| IPO Open Date | Tuesday, October 8, 2024 |
| IPO Close Date | Thursday, October 10, 2024 |
| Basis of Allotment | Friday, October 11, 2024 |
| Initiation of Refunds | Monday, October 14, 2024 |
| Credit of Shares to Demat | Monday, October 14, 2024 |
| Listing Date | Tuesday, October 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 10, 2024 |
Shiv Texchem IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,800 |
| Retail (Max) | 1 | 800 | ₹132,800 |
| HNI (Min) | 2 | 1,600 | ₹265,600 |
Shiv Texchem IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Shiv Texchem IPO Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 85,483.43 | 79,868.05 | 60,234.98 | 42,543.57 | ||||||||||||||||||||||||||||||||||||
| Revenue | 56,707.83 | 1,53,668.79 | 1,11,866.98 | 86,547.46 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,005.89 | 3,011.3 | 1,602.72 | 1,386.48 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 20,293.58 | 19,287.69 | 12,276.39 | 10,673.68 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 20,080.25 | 19,074.36 | 12,116.39 | 10,513.68 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 27,085.63 | 29,665.25 | 32,914.39 | 12,034.33 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Shiv Texchem IPO Review
Founded in 2005, Shiv Texchem Limited specializes in importing and distributing hydrocarbon-based secondary and tertiary chemicals, which serve as essential raw materials for various industries.
The company deals with hydrocarbon-based chemicals from product families such as Acetyls, Alcohols, Aromatics, Nitriles, Monomers, Glycols, Phenolics, Ketones, and Isocyanates. These chemicals are crucial feedstocks for industries like paints, coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. Shiv Texchem sources these chemicals from international suppliers and distributes them within the domestic market, ensuring timely and adequate supply to manufacturers.
Key customers include Apcotex Industries Limited, Hemani Industries Limited, and Gujarat Fluorochemicals Limited. The company imports from several countries, including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
In the last three financial years, Shiv Texchem expanded its product portfolio from 21 products in FY 2022 to 39 products in FY 2024. Its customer base also grew from over 400 in FY 2022 to over 650 in FY 2024. As of March 31, 2024, the company employed 50 permanent staff members.