Shiv Texchem Limited IPO (Shiv Texchem IPO) Detail, IPO Date, Price, GMP & Allotment 2024

Shiv Texchem Limited IPO Overview

Shiv Texchem IPO is a book-built issue worth Rs 101.35 crores, comprising a fresh issue of 61.06 lakh shares. The IPO opens for subscription on October 8, 2024, and will close on October 10, 2024. The allotment is expected to be finalized on October 11, 2024, with the shares listing on the BSE SME on October 15, 2024. The price band for the issue is set between ₹158 to ₹166 per share.

Retail investors can apply with a minimum lot size of 800 shares, requiring a minimum investment of ₹132,800. For HNI investors, the minimum investment is 2 lots (1,600 shares), amounting to ₹265,600. Vivro Financial Services Pvt Ltd is the book-running lead manager for the IPO, while Link Intime India Pvt Ltd is the designated  registrar  for the issue.

Refer to Shiv Texchem IPO DRHP for detailed information.

Shiv Texchem Limited IPO Important dates

Shiv Texchem IPO opens on October 8, 2024, and closes on October 10, 2024.

Shiv Texchem Limited Financial Performance

Shiv Texchem Limited’s revenue increased by 37% and profit after tax (PAT) rose by 88% between the financial year ending with March 31, 2024 and March 31, 2023.

Shiv Texchem Limited IPO Key Performance Indicator

KPI as of March 31, 2024.

Shiv Texchem Limited IPO Objectives

The Company intends to utilize the gross proceeds raised through the Issue towards the following objectives:

1. To meet long-term working capital requirements; and
2. General Corporate Purposes.

Shiv Texchem Limited IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Shiv Texchem Limited IPO Details

Shiv Texchem Limited IPO Company Overview and Services

Shiv Texchem Limited IPO SWOT Analysis

Strengths:

1. Diverse Product Portfolio: Shiv Texchem offers a wide range of chemicals, including Acetyls, Alcohols, Aromatics, Nitriles, Monomers, and more, catering to multiple industries like paints, pharmaceuticals, and agrochemicals. This diversified product range reduces dependence on any single sector.
2. Strong Customer Base: The company has a large and growing customer base, including well-known companies like Apcotex Industries and Gujarat Fluorochemicals. Expanding from over 400 customers in FY 2022 to more than 650 in FY 2024 demonstrates strong market demand and customer trust.
3. Global Sourcing Network: Shiv Texchem sources chemicals from various international suppliers across countries like China, the USA, South Korea, and Italy, ensuring a reliable supply chain and access to quality raw materials.
4. Experienced Management Team: The leadership team has extensive expertise in the chemical industry, contributing to the company’s consistent financial growth and operational efficiency.

Weaknesses:

1. Dependence on Imports: Since the company heavily relies on imported chemicals, any disruption in global supply chains, regulatory changes, or geopolitical issues could affect its operations.
2. Limited Employee Base: With only 50 permanent employees, Shiv Texchem might face operational constraints, especially as it scales its operations and expands its product offerings.

Opportunities:

1. Expanding Product Line: Shiv Texchem has grown its product portfolio significantly, from 21 products in FY 2022 to 39 in FY 2024. This trend provides opportunities for further expansion into new product lines, catering to untapped markets.
2. Rising Demand for Specialty Chemicals: As industries like pharmaceuticals, agrochemicals, and polymers grow, the demand for specialty chemicals is increasing. Shiv Texchem is well-positioned to capture this rising demand.
3. Potential for Global Expansion: With its established international sourcing network, the company could explore new geographical markets and strengthen its global footprint.

Threats:

1. Price Volatility in Raw Materials: Fluctuations in the prices of hydrocarbon-based chemicals could affect profit margins and increase operational costs.
2. Intense Competition: The chemical distribution industry is highly competitive, with numerous players offering similar products. Shiv Texchem must continually innovate and offer value-added services to maintain its competitive edge.
3. Regulatory Risks: Changes in environmental, safety, and import/export regulations could pose challenges to the company’s operations, especially given its dependence on international suppliers.

Shiv Texchem Limited IPO GMP Details

Shiv Texchem SME IPO last GMP is ₹35, last updated Oct 7th 2024. With the price band of 166.00, Shiv Texchem SME IPO’s estimated listing price is ₹201 (cap price + today’s GMP).The expected percentage gain/loss per share is 21.08%.

Stay with us to know the daily price trend of Shiv Texchem SME IPO GMP with expected listing price.

GMP Date	IPO Price	GMP	Sub2 Sauda Rate	Estimated Listing Price	Last Updated
08-10-2024 Open	166.00	₹35	21300	₹201 (21.08%)	8-Oct-2024
07-10-2024	166.00	₹35	21300	₹201 (21.08%)	7-Oct-2024
06-10-2024	166.00	₹40	24300	₹206 (24.1%)	6-Oct-2024
05-10-2024	166.00	₹40	24300	₹206 (24.1%)	5-Oct-2024
04-10-2024	166.00	₹40	24300	₹206 (24.1%)	4-Oct-2024
03-10-2024	166.00	₹0	—	₹166 (0%)	3-Oct-2024

Shiv Texchem Limited IPO subscription status 

Total Application : 7,311

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

• ***: Market Maker portion is not included to NII/HNI.Shiv Texchem IPO Subscription Details (times)

Shiv Texchem Limited IPO Allotment status 

The allotment status of Shiv Texchem IPO is expected to be available on October 11, 2024.

Shiv Texchem IPO allotment status is not available at this time. Shiv Texchem IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Shiv Texchem Limited IPO allotment status.

To check Shiv Texchem IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Link Intime India Private Ltd either by phone or email. Investors can call on +91-22-4918 6270 or send an email with all relevant details to shivtexchem.smeipo@linkintime.in.

Shiv Texchem Limited Contact Details

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

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.