Shiv Texchem IPO is scheduled to open on October 8, 2024, and will close on October 10, 2024. Notably, this IPO follows the Book Built Issue format, with the company aiming to raise approximately ₹101.35 crores. Moreover, the offering consists of a fresh issue of ₹101.35 crores, along with an offer for sale of equity shares, each having a face value of ₹10.
Table of contents
- Shiv Texchem IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Shiv Texchem IPO GMP (Grey Market Premium)
- Shiv Texchem IPO Application Form PDF
- Shiv Texchem IPO Subscription Status
- Shiv Texchem IPO Allotment Status
- IPO Review
- Shiv Texchem IPO Registrar
- Shiv Texchem IPO Lead Manager
- Shiv Texchem Limited Contact
- FAQs
Shiv Texchem IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Shiv Texchem Limited |
| Industry | Chemical Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | October 08, 2024 |
| Close Date | October 10, 2024 |
| Total Issue Size | ₹101.35 Crores (6,105,600 Equity Shares) |
| Fresh Issue | ₹101.35 Crores (6,105,600 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹158 to ₹166 per share |
| Listing on | BSE SME |
| Lot Size | 800 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Founded in 2005, Shiv Texchem Limited specializes in importing and distributing hydrocarbon-based secondary and tertiary chemicals, which are essential raw materials for a variety of industries. Specifically, the company offers chemicals from product families such as Acetyls, Alcohols, Aromatics, Nitriles, Monomers, Glycols, Phenolics, Ketones, and Isocyanates, catering to sectors like paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. Furthermore, Shiv Texchem sources these chemicals from global suppliers and ensures timely distribution to domestic manufacturers.
Additionally, the company serves notable clients including Apcotex Industries Limited, Hemani Industries Limited, and Gujarat Fluorochemicals Limited. It also procures chemicals from a range of countries, including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
Over the last three financial years, Shiv Texchem has not only expanded its product portfolio from 21 products in FY 2022 to 39 in FY 2024 but has also grown its customer base from over 400 in FY 2022 to more than 650 in FY 2024.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | October 8, 2024 |
| IPO Close Date | October 10, 2024 |
| Basis of Allotment | October 11, 2024 |
| Refunds | October 14, 2024 |
| Credit to Account | October 14, 2024 |
| IPO Listing Date | October 15, 2024 |
Financials (₹ in Lakhs)
| 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 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,800 |
| Retail (Max) | 1 | 800 | ₹132,800 |
| S-HNI (Min) | 2 | 1,600 | ₹265,600 |
The objective of the Issue
- In order to meet long-term working capital requirements.
- Support general corporate purposes.
Company Promoters
- Mr. Vikas Pavankumar
- Mr. Hemanshu S. Chokhani
- Pavankumar Sanwaria Realty Private Limited
- Hemanshu Syntex Private Limited
Shiv Texchem IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Shiv Texchem IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Shiv Texchem Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Shiv Texchem IPO Application Form PDF
To download the Shiv Texchem IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Shiv Texchem IPO Subscription Status
This IPO subscription kicks off on October 08, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Shiv Texchem IPO Allotment Status
To check the Shiv Texchem IPO allotment status go to the IPO registrar website Link Intime or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company boasts a broad and diversified product portfolio.
- It has developed long-standing relationships with both customers and suppliers, ensuring reliability and consistency.
- Moreover, the company manages its supply chain effectively, including storage, handling, and logistics systems.
- Additionally, the management team is highly experienced, contributing to the company’s strong leadership.
- Furthermore, Shiv Texchem ensures competitive pricing, meets product specifications, maintains accurate quantities, and adheres to delivery schedules.
Risks:
- A large portion of the company’s revenue comes from a select group of products; thus, any disruption in their availability could negatively impact its financial performance.
- The company relies on a limited number of suppliers without long-term agreements, so any delays in material delivery could significantly affect operations and profitability.
- Shiv Texchem lacks long-term contracts with customers and relies on purchase orders. Consequently, losing key customers or facing decreased demand could harm its financial health.
- Additionally, the company’s operations depend heavily on industries such as paints and coatings, printing inks, agrochemicals, and pharmaceuticals.
- Lastly, the business is capital-intensive, necessitating substantial investment in inventory and trade receivables. High debt levels and restrictive financing terms may limit operational efficiency.
Shiv Texchem IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: shivtexchem.smeipo@linkintime.co.in
Website: www.linkintime.co.in
Shiv Texchem IPO Lead Manager
VIVRO FINANCIAL SERVICES PRIVATE LIMITED
Vivro House, 11, Shashi Colony, Opposite Suvidha Shopping Center,
Paldi, Ahmedabad – 380 007, Gujarat, India
Phone: +91-226666 8040
Email: investors@vivro.net
Website: www.vivro.net
Shiv Texchem Limited Contact
SHIV TEXCHEM LIMITED
602, 6th Floor, Savoy Chambers,
Hasmukh Nagar, Santacruz (W) Mumbai, 400 054
Phone: +91 96195 11788
E-mail: cs@shivtexchem.com
Website: www.shivtexchem.com
FAQs
The Shiv Texchem IPO is a Small and Medium Enterprises (SME) IPO, through which the company aims to raise ₹101.35 crores. Notably, the issue is priced between ₹158 and ₹166 per equity share and will be listed on the BSE.
The IPO is set to open for subscription on October 8, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and retail investors. It will, however, close on October 10, 2024.
The allocation for investors is as follows: 50% for QIBs, 15% for NIIs, and 35% for retail investors.
You can apply for the Shiv Texchem IPO online through ASBA using your bank account. Alternatively, you may also use UPI via your stock broker or submit an offline application form through your stock broker.
In summary, the issue size of the Shiv Texchem IPO is ₹101.35 crores.
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