Shiv Texchem IPO will open for subscription from 08 October 2024. The company aims for an issue size of ₹101.35 Cr through this IPO.
Company Overview
| Full name | Shiv Texchem Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | http://www.shivtexchem.com/ |
About Company
Shiv Texchem is engaged in the business of importing and distributing hydrocarbon-based chemicals of products such as Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates. These are critical raw materials and inputs and have applications across various industries like paints and coatings, printing inks, agrochemical products, specialty polymers, pharmaceutical products, and specialty industrial chemicals.
Shiv Texchem sources chemicals from China, Taiwan, South Korea, Kuwait, Qatar, USA, Netherlands, Belgium, and Italy amongst others, and supplies to a diverse range of customers such as Apcotex Industries, Hemani Industries, Gujarat Fluorochemicals amongst others. The company has expanded its product portfolio from offering 21 products to 39 products, and also grown its customer base from 400 customers to 650 customers by FY 2024. As of 31 March 2024, Shiv Texchem had 50 employees on payroll.
The Objectives of the Issue
- To meet long-term working capital requirements; and
- General Corporate Purposes.
Shiv Texchem IPO Timetable
| IPO Opening date | 08 October 2024 |
| IPO Closing | 10 October 2024 |
| Basis of Allotment | 11 October 2024 |
| Initiation Refund | 14 October 2024 |
| Credit to Demat Account | 14 October 2024 |
| Listing Date | 15 October 2024 |
Shiv Texchem IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹101.35 Cr – 6,105,600 shares |
| Fresh Issue | ₹101.35 Cr – 6,105,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹158 to ₹166 per share |
| Lot size | 800 Shares |
| Market Maker portion | 305,600 shares |
| Shareholding pre-issue | 17,066,672 |
| Shareholding post-issue | 23,172,272 |
| Listing Exchange | BSE SME |
Shiv Texchem Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,800 |
| Retail (Max) | 1 | 800 | ₹132,800 |
| HNI (Min) | 2 | 1,600 | ₹265,600 |
Shiv Texchem Offer Documents
Shiv Texchem Offer Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Shiv Texchem Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 858.66 | 1,117.59 | 1534.90 |
| Expenses | 846.79 | 1,097.13 | 1495.84 |
| Net income | 13.86 | 16.03 | 30.11 |
Shiv Texchem Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 20.45 | 12.52 | 20.68 |
| PE ratio | – | – | 7.64 – 8.03 |
| RONW (%) | 20.64 | 13.97 | 19.08 |
| NAV | 83.39 | 95.91 | 113.01 |
| ROCE (%) | 22.75 | 20.98 | 26.88 |
| EBITDA (%) | 2.65 | 3.32 | 3.90 |
| Debt/Equity | 1.13 | 2.68 | 1.54 |
Company Promoters
- Vikas Pavankumar
- Hemanshu S. Chokhani
- Pavankumar Sanwaria Realty Private Limited
- Hemanshu Syntex Private Limited
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Shiv Texchem Offer GMP Update
Coming Soon
Shiv Texchem IPO Subscription Update
Coming Soon
Shiv Texchem IPO Allotment Status
Shiv Texchem IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Shiv Texchem IPO Listing Details
| Listing Date | 15 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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| Last Trade |
Shiv Texchem IPO Lead Manager(s)
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 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 Contact Details
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
Shiv Texchem IPO FAQs
What is Shiv Texchem offer size?
Shiv Texchem offer size is ₹ 96.47 – 101.35 crores.
What is Shiv Texchem offer price band?
Shiv Texchem public offer price is ₹ 158 – 166 per share.
What is the lot size of Shiv Texchem Offer?
Shiv Texchem offer lot size is 800 shares.
What is Shiv Texchem Offer GMP today?
Shiv Texchem IPO GMP today is ₹ 40 per share.
What is Shiv Texchem kostak rate today?
Shiv Texchem kostak rate today is ₹ NA per application.
What is Shiv Texchem Offer Subject to Sauda rate today?
Shiv Texchem’s Subject to Sauda rate today is ₹ 25,000 per application.
Final thoughts
Shiv Texchem IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
