Shivam Chemicals IPO

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 nameShivam Chemicals Limited
Company Website

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 date23 April 2024
IPO Closing25 April 2024
Basis of Allotment26 April 2024
Initiation Refund29 April 2024
Credit to Demat Account29 April 2024
Listing Date30 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 25, 2024)

Shivam Chemicals IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹20.18 Cr – 4,587,000 shares
Fresh Issue₹20.18 Cr – 4,587,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹44 per share
Lot size3000 Shares
Market Maker portion231,000 shares
Shareholding pre-issue12,400,000
Shareholding post-issue16,987,000
Listing ExchangeBSE SME

Shivam Chemicals IPO Lot Size

Retail (Min)13000₹132,000
Retail (Max)13000₹132,000
HNI (Min)26,000₹264,000

Shivam Chemicals IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Shivam Chemicals Financial Performance

 FY 2021*FY 2022*FY 20239M FY 2024
Net income0.874.443.570.71
(Amount in ₹ Crores)

Shivam Chemicals Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio15.28
RONW (%)16.3945.6826.90
ROCE (%)23.8442.3519.88
EBITDA (%)1.803.583.43

Company Promoters

  • Sanjiv Girdharlal Vasant
  • Soham Sanjiv Vasant
  • Shivam Sanjiv Vasant.

Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding73%

Shivam Chemicals IPO Lead Manager(s)

60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999

Shivam Chemicals Registrar

“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700

Shivam Chemicals Contact Details

Office No. 108, 1st Floor, Hubtown Solaris,
Off N.S.Phadke Marg, Saiwadi, Andheri (E),
Mumbai, Maharashtra, India, 400069
Phone: +91 98199 68855

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

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