Shiv Texchem IPO Date, Review, Price, Allotment Details

Shiv Texchem IPO is opening for subscription on October 8, 2024, and closing on October 10, 2024. This BSE SME IPO aims to raise ₹101.35 crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Shiv Texchem IPO is fixed at ₹158 – ₹166 Per Share, with a market lot of 800 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Shiv Texchem IPO Allotment will done on October 11, 2024, and Shiv Texchem IPO listing date is October 15, 2024.

 

Shiv Texchem Company Profile

Shiv Texchem Limited is an emerging player in the Indian chemical manufacturing sector, specializing in the production and distribution of various chemical compounds. With its operations spread across multiple segments, the company has built a reputation for quality and innovation, catering to industries like textiles, pharmaceuticals, and agriculture. The company is known for its focus on sustainability and operational excellence, which has helped it gain a competitive edge in both domestic and international markets.

Core Business Operations:

Shiv Texchem operates within the chemical manufacturing industry, with a particular focus on:

1. Textile Chemicals: The company provides a range of chemicals used in textile processing, including dyes, auxiliaries, and finishing chemicals that enhance fabric quality and durability.
2. Pharmaceutical Ingredients: Shiv Texchem is involved in producing key intermediates used in pharmaceutical manufacturing, ensuring quality and compliance with global standards.
3. Agrochemicals: The company also manufactures chemicals used in agricultural applications, such as pesticides and fertilizers, which help improve crop yield and protection.
4. Industrial Chemicals: Shiv Texchem supplies a variety of chemicals used in different industrial processes, such as water treatment, plastic additives, and construction materials.

Financial Performance:

Over the past few years, Shiv Texchem has demonstrated solid financial growth. The company has steadily increased its revenue base, driven by expansion into new markets and a diversified product portfolio.

• FY 2024: Shiv Texchem reported a revenue of ₹1,536.69 crores, reflecting an impressive increase from ₹1,118.67 crores in FY 2023. The company’s profit for FY 2024 stood at ₹30.11 crores, up from ₹16.03 crores in the previous fiscal year.
• FY 2023: The company achieved revenue growth of over 30%, driven by its strong presence in the chemical sector, with growing demand across industries. Despite challenges in the global economy, the company maintained its profitability and increased its market share.
• Profitability: Shiv Texchem’s profit after tax in FY 2024 was ₹30.11 crores, marking a significant jump compared to ₹16.03 crores in FY 2023. This increase highlights the company’s ability to manage costs effectively while scaling its operations.

 

Shiv Texchem IPO GMP

 

Shiv Texchem IPO Objectives

The funds raised through the IPO will be utilized for:

1. Augmenting additional working capital requirements
2. General Corporate Purposes

 

Shiv Texchem IPO Key Details

• Shiv Texchem IPO Size: Approximately ₹101.35 crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Shiv Texchem IPO Price Band: ₹158 – ₹166 Per Equity Share
• Shiv Texchem IPO Listing on: BSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Shiv Texchem IPO Timeline

• Shiv Texchem IPO Open Date: October 8, 2024
• Shiv Texchem IPO Close Date: October 10, 2024
• Basis of Allotment: October 11, 2024
• Refunds: October 14, 2024
• Credit to Demat Account: October 14, 2024
• Shiv Texchem IPO Listing Date: October 15, 2024

 

How to Apply for Shiv Texchem IPO

Investors can apply for the Shiv Texchem IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the BSE website.

 

Shiv Texchem Financial Performance (in Crores)

• Year 2022: Revenue: ₹865.47 Cr, Expenses: ₹846.79 Cr, Profit After Tax: ₹13.86 Cr, Assets: ₹425.44 Cr
• Year 2023: Revenue: ₹1,118.67 Cr, Expenses: ₹1,097.13 Cr, Profit After Tax: ₹16.03 Cr, Assets: ₹602.35 Cr
• Year 2024: Revenue: ₹1,536.69 Cr, Expenses: ₹1,495.84 Cr, Profit After Tax: ₹30.11 Cr, Assets: ₹798.68 Cr

 

Shiv Texchem Valuation FY2024

• Return on Equity (ROE): 19.08%
• Return on Capital Employed (ROCE): 26.88%
• EBITDA Margin: 3.90%
• PAT Margin: 1.96%
• Debt to Equity Ratio: 1.54
• Earnings Per Share (EPS): ₹20.68
• Return on Net Worth (RoNW): 19.08%
• Net Asset Value (NAV): ₹112.99

 

Shiv Texchem Peer Group

• N/A

 

Shiv Texchem Company Promoters

• Vikas Pavankumar
• Hemanshu S. Chokhani
• Pavankumar Sanwaria Realty Private Limited
• Hemanshu Syntex Private Limited.

 

Shiv Texchem IPO Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Phone: +91-22-4918 6270
Email: shivtexchem.smeipo@linkintime.in

 

Shiv Texchem IPO Allotment Status Check

• Check the Shiv Texchem IPO allotment status on the Link Intime India website.

 

Shiv Texchem IPO Allotment Link

• Check the Shiv Texchem IPO allotment on the Check Ipo Allotment website.

 

Shiv Texchem IPO Lead Managers (Merchant Bankers)

• Kotak Mahindra Capital Company Limited
• J.P. Morgan India Private Limited
• ICICI Securities Limited

 

Shiv Texchem Company Address

Kamla Space~ Unit no. 216~
2nd Floor Khira Nagar TPS III~
S.V. Road~ Santacruz (West)
Mumbai,Maharashtra-400054 India
Website: http://www.shivtexchem.com/
Phone: +91 96195 11788
Email: cs@shivtexchem.com

 

Shiv Texchem IPO FAQs

 

What is Shiv Texchem IPO?

Shiv Texchem IPO is a BSE SME IPO. They are going to raise ₹101.35 crores via IPO. The issue is priced at ₹158 – ₹166 Per equity share. The IPO is to be listed on BSE.

 

When will the Shiv Texchem IPO open?

The IPO is to open on October 8, 2024, for NII, and Retail Investors.

 

What is Shiv Texchem IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Shiv Texchem IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Shiv Texchem IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Shiv Texchem IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Shiv Texchem IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Shiv Texchem IPO Size?

Shiv Texchem IPO size is ₹101.35 crores.

 

What is Shiv Texchem IPO Price Band?

Shiv Texchem IPO Price Band is ₹158 – ₹166 Per equity share.

 

What is Shiv Texchem IPO Minimum and Maximum Lot Size?

The IPO bid is 800 Shares with ₹132,800.

 

What is Shiv Texchem IPO Allotment Date?

Shiv Texchem IPO allotment date is October 11, 2024.

 

What is Shiv Texchem IPO Listing Date?

Shiv Texchem IPO listing date is October 15, 2024. The IPO to list on BSE SME IPO.