The Shiv Texchem IPO subscription Status opened on Tuesday, October 8, 2024, and will close on October 10, 2024. This IPO aims to raise approximately ₹101.35 crores. Specifically, the allocation is set at 35% for retail investors, 50% for qualified institutional buyers (QIB), and 15% for non-institutional investors (NII). Moreover, the price band for the equity shares is fixed between ₹158 and ₹166.
The IPO consists of a minimum market lot of 800 Shares requiring an application amount of ₹132,800. Shiv Texchem is an SME IPO that will be listed on the BSE.
Also read: Shiv Texchem IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
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.
IPOGMP.IN View
We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Shiv Texchem IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 3.11 | 3.22 | 86.70 |
| NII | 2.28 | 15.81 | 455.58 |
| RII | 4.83 | 14.54 | 68.27 |
| Total | 3.79 | 11.58 | 156.55 |
Shiv Texchem IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Shiv Texchem
- May Apply
Shiv Texchem IPO Form
To apply for the Shiv Texchem IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The Shiv Texchem IPO subscription begins on October 8, 2024, for qualified institutional buyers (QIB), non-institutional investors (NII), and retail investors.
You can subscribe using ASBA or non-ASBA options. Simply log in to your bank account to apply online via ASBA, or download and submit a form to your broker or bank.
You can visit our portal for hourly updates on IPO subscription numbers. Additionally, check live figures on the official IPO pages.
To apply via Zerodha, log in to the Console, go to your portfolio, and select “Shiv Texchem.” Then, click the Bid button, enter your UPI ID, quantity, and price, and submit your application. Finally, approve the mandate through your UPI app, ensuring you have a Demat account with Zerodha.
To apply through Upstox, log in to the app, select “Shiv Texchem,” click the Bid button, and confirm your application. Afterward, approve the mandate via your UPI app, ensuring you have a Demat account with Upstox.
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