Shivam Chemicals IPO will open for subscription from 23 April 2024. The company aims for an issue size of ₹20.18 Cr through this IPO.
Company Overview
| Full name | Shivam Chemicals Limited |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | https://www.shivamchem.com/ |
About Company
Shivam Chemicals manufactures Hydrated Lime (Calcium Hydroxide) and distributes various products, including Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, and more. The company has supplied over 250,000 metric tons of various products, with a cumulative value surpassing INR 7,500 million, highlighting its financial significance in the sector. It maintains an average monthly sales volume of 2,650 metric tons.
The company’s wholly-owned subsidiary, Shivam Chemicals and Minerals Private Limited, is situated in Dahej, Gujarat, with a manufacturing capacity of 60,000 metric tons. They specialize in the production of Hydrated lime (Calcium hydroxide). As of 31 December 2023, Shivam Chemicals has 25 employees on a consolidated basis. The company employs 12 contract laborers in its subsidiary Shivam Chemicals and Minerals Private Limited.
The Objectives of the Issue
- Funding Working capital requirements in our Company;
- Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities
- General Corporate Purpose
Shivam Chemicals IPO Timetable
| IPO Opening date | 23 April 2024 |
| IPO Closing | 25 April 2024 |
| Basis of Allotment | 26 April 2024 |
| Initiation Refund | 29 April 2024 |
| Credit to Demat Account | 29 April 2024 |
| Listing Date | 30 April 2024 |
Shivam Chemicals IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹20.18 Cr – 4,587,000 shares |
| Fresh Issue | ₹20.18 Cr – 4,587,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹44 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 231,000 shares |
| Shareholding pre-issue | 12,400,000 |
| Shareholding post-issue | 16,987,000 |
| Listing Exchange | BSE SME |
Shivam Chemicals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| HNI (Min) | 2 | 6,000 | ₹264,000 |
Shivam Chemicals IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Shivam Chemicals Financial Performance
| FY 2021* | FY 2022* | FY 2023 | 9M FY 2024 | |
| Revenue | 95.50 | 177.94 | 156.52 | 106.93 |
| Expenses | 94.30 | 172.00 | 151.70 | 105.72 |
| Net income | 0.87 | 4.44 | 3.57 | 0.71 |
Shivam Chemicals Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.70 | 3.58 | 2.88 |
| PE ratio | – | – | 15.28 |
| RONW (%) | 16.39 | 45.68 | 26.90 |
| NAV | 4.26 | 7.83 | 10.72 |
| ROCE (%) | 23.84 | 42.35 | 19.88 |
| EBITDA (%) | 1.80 | 3.58 | 3.43 |
| Debt/Equity | 0.29 | 0.52 | 1.02 |
Company Promoters
- Sanjiv Girdharlal Vasant
- Soham Sanjiv Vasant
- Shivam Sanjiv Vasant.
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73% |
Shivam Chemicals IPO Lead Manager(s)
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
Shivam Chemicals Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: investor@cameoindia.com
Website: www.cameoindia.com
Shivam Chemicals Contact Details
SHIVAM CHEMICALS LIMITED
Office No. 108, 1st Floor, Hubtown Solaris,
Off N.S.Phadke Marg, Saiwadi, Andheri (E),
Mumbai, Maharashtra, India, 400069
Phone: +91 98199 68855
E-mail: info@shivamchem.com
Website: www.shivamchem.com
Shivam Chemicals IPO Allotment Status
Shivam Chemicals IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Final thoughts
Shivam Chemicals IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
