Shiv Texchem IPO: 10 latest Key things you need to know

1. IPO Subscription Dates Shiv Texchem IPO is scheduled to open for subscription on October 8, 2024, and will close on October 10, 2024. This SME IPO will be listed on the BSE platform, providing retail and institutional investors the opportunity to participate in the company’s public debut.
2. IPO Size and Fresh Issue Details The IPO seeks to raise a total of ₹101.35 crores, entirely comprising a fresh issue of equity shares. The number of shares being offered will be confirmed later. Each share has a face value of ₹10, making it an attractive investment for those looking to invest in an emerging player in the chemical manufacturing sector.
3. Price Band and Market Lot The price band for Shiv Texchem IPO is set between ₹158 and ₹166 per share, providing a competitive range for potential investors. The minimum market lot size is 800 shares, which means the minimum investment required will be ₹1,26,400 at the upper price band.

   Shiv Texchem IPO GMP

   Company Name	Type Status	IPO Price	GMP(₹ %)	IPO Size (Crore)	IPO Open Date	IPO Close Date
   Spinaroo Commercial	SME IPO Closed	51	0 (0%)	₹10.17 Cr	28-Mar	3-Apr
   Infonative Solutions	SME IPO Closed	79	0 (0%)	₹24.71 Cr	28-Mar	3-Apr
   Aten Papers & Foam	SME IPO Closed		0 (0.0%)	₹31.68 Cr	28-Mar	2-Apr
   Retaggio Industries	SME IPO Closed	25	0 (0%)	₹15.50 Cr	27-Mar	2-Apr
   Identixweb	SME IPO Closed	54	0 (0%)	₹16.63 Cr	26-Mar	28-Mar
   Shri Ahimsa Naturals	SME IPO Closed	118	12 (10.17%)	₹73.81 Cr	25-Mar	27-Mar
   ATC Energies	SME IPO Closed	119	21 (17.65%)	₹63.76 Cr	25-Mar	27-Mar
   Desco Infratech	SME IPO Closed	150	18 (12%)	₹30.75 Cr	24-Mar	26-Mar
   Active Infrastructures	SME IPO Closed	181	0 (0%)	₹77.83 Cr	21-Mar	25-Mar
   Rapid Fleet	SME IPO Closed	192	0 (0%)	₹43.87 Cr	21-Mar	25-Mar
   Grand Continent Hotels	Main IPO Closed	133	0 (0%)	₹74.46 Cr	20-Mar	24-Mar
   Divine Hira Jewellers	SME IPO Listed @90.00 (0%)	90	15 (16.67%)	₹31.84 Cr	17-Mar	19-Mar
   Paradeep Parivahan	SME IPO Listed @78.40 (-20%)	98	0 (0%)	₹44.86 Cr	17-Mar	19-Mar
   Super Iron Foundry	SME IPO Listed @107.95 (-0.05%)	108	15 (13.89%)	₹68.05 Cr	11-Mar	13-Mar
   PDP Shipping & Projects	SME IPO Listed @108.25 (-19.81%)	135	0 (0%)	₹12.65 Cr	10-Mar	12-Mar
   NAPS Global India	SME IPO Listed @108.00 (20%)	90	0 (0%)	₹50.11 Cr	4-Mar	6-Mar
   Balaji Phosphates	SME IPO Listed @75.00 (7.14%)	70	0 (0%)	₹50.11 Cr	28-Feb	4-Mar
   Shreenath Paper	SME IPO Listed @35.20 (-20%)	44	3 (6.82%)	₹23.36 Cr	25-Feb	28-Feb
   Nukleus Office Solutions	SME IPO Listed @187.20 (-20%)	234	0 (0%)	₹31.70 Cr	24-Feb	27-Feb
   Beezaasan Explotech	SME IPO Listed @146.00 (-16.57%)	175	1 (0.57%)	₹59.93 Cr	21-Feb	25-Feb
   Swasth Foodtech	SME IPO Listed @94.00 (0%)	94	0 (0%)	₹14.92 Cr	20-Feb	24-Feb
   HP Telecom India	SME IPO Listed @115.05 (6.53%)	108	0 (0%)	₹34.23 Cr	20-Feb	24-Feb
   Royalarc Electrodes	SME IPO Listed @ 120.00 (0%)	120	0 (0%)	₹36.00 Cr	14-Feb	18-Feb
   Tejas Cargo	SME IPO Listed @ 175.00 (4.17%)	168	0 (0%)	₹105.84 Cr	14-Feb	18-Feb
   Quality Power	Main IPO Listed @ 430.00 (1.18%)	425	5 (1.18%)	₹858.70 Cr	14-Feb	18-Feb
   L.K. Mehta Polymers	SME IPO Listed @ 71.10 (0.14%)	71	5 (7.04%)	₹7.38 Cr	13-Feb	17-Feb
   Shanmuga Hospital	SME IPO Listed @ 54.00 (0%)	54	3 (5.56%)	₹20.62 Cr	13-Feb	17-Feb
   Maxvolt Energy	SME IPO Listed @ 180.00 (0%)	180	0 (0%)	₹54.00 Cr	12-Feb	14-Feb
   Voler Car	SME IPO Listed @ 90.00 (0%)	90	5 (5.56%)	₹27.00 Cr	12-Feb	14-Feb
   Hexaware Technologies	Main IPO Listed @ 745.50 (5.3%)	708	0 (0%)	₹8750.00 Cr	12-Feb	14-Feb
   PS Raj Steels	SME IPO Listed @ 145.00 (3.57%)	140	3 (2.14%)	₹28.28 Cr	12-Feb	14-Feb
   Chandan Healthcare	SME IPO Listed @ 165.10 (3.84%)	159	0 (0%)	₹107.36 Cr	10-Feb	12-Feb
   Ajax Engineering	Main IPO Listed @ 576.00 (-8.43%)	629	-3 (-0.48%)	₹1269.35 Cr	10-Feb	12-Feb
   Eleganz Interiors	SME IPO Listed @ 122.00 (-6.15%)	130	5 (3.85%)	₹78.07 Cr	7-Feb	11-Feb
   Solarium Green	SME IPO Listed @ 202.00 (5.76%)	191	5 (2.62%)	₹105.04 Cr	6-Feb	10-Feb
   Readymix Construction	SME IPO Listed @ 123.00 (0%)	123	0 (0%)	₹37.66 Cr	6-Feb	10-Feb
   Amwill Healthcare	SME IPO Listed @ 88.85 (-19.95%)	111	0 (0%)	₹59.98 Cr	5-Feb	7-Feb
   Ken Enterprises	SME IPO Listed @ 85.00 (-9.57%)	94	5 (5.32%)	₹83.65 Cr	5-Feb	7-Feb

4. Allotment and Listing Timeline The basis of allotment for the Shiv Texchem IPO will be finalized on October 11, 2024, with refunds to non-allottees processed by October 14, 2024. Successful bidders will see their shares credited to their demat accounts on the same day. The IPO will be listed on the BSE SME platform on October 15, 2024.
5. Investor Category Allocation The allocation of shares in Shiv Texchem IPO is divided across three main categories:
   • Retail Investors will receive 35% of the net offer.
   • Qualified Institutional Buyers (QIBs) will have access to 50% of the offer.
   • High-Net-Worth Individuals (HNIs) will be allocated 15% of the total shares.
6. Company Profile Shiv Texchem Limited is a growing player in the Indian chemical industry, offering products across multiple sectors, including textile chemicals, pharmaceutical ingredients, agrochemicals, and industrial chemicals. The company is recognized for its focus on innovation, sustainability, and operational excellence, allowing it to establish a presence in both domestic and international markets.
7. Financial Performance Shiv Texchem has shown impressive financial growth in recent years. In FY 2024, the company reported a revenue of ₹1,536.69 crores, up significantly from ₹1,118.67 crores in FY 2023. Its profit after tax (PAT) for FY 2024 stood at ₹30.11 crores, nearly doubling the ₹16.03 crores earned in FY 2023. This growth demonstrates the company’s ability to scale effectively while maintaining strong profitability.
8. IPO Objectives The company plans to utilize the funds raised through the IPO for:
   • Working Capital Requirements: To support the company’s expanding operations.
   • General Corporate Purposes: To ensure flexibility and meet general operational requirements as the company continues to grow.
9. Valuation Metrics Shiv Texchem’s valuation highlights include:
   • Return on Equity (ROE): 19.08%
   • Return on Capital Employed (ROCE): 26.88%
   • EBITDA Margin: 3.90%
   • Profit After Tax Margin (PAT Margin): 1.96%
   • Debt-to-Equity Ratio: 1.54
   • Earnings Per Share (EPS): ₹20.68
   • Net Asset Value (NAV): ₹112.99
10. Lead Managers and Registrar The Shiv Texchem IPO is managed by leading merchant bankers Kotak Mahindra Capital Company, J.P. Morgan India Private Limited, and ICICI Securities Limited. Link Intime India Private Ltd has been appointed as the official registrar for the IPO, ensuring smooth handling of allotments and investor queries.

Conclusion

The Shiv Texchem IPO represents a significant opportunity for investors looking to enter the fast-growing chemical manufacturing industry. With strong financials, a clear growth strategy, and a well-diversified product portfolio, Shiv Texchem is positioned for long-term success. Investors should consider the company’s impressive financial performance and strategic objectives when evaluating this IPO offering.