Bookbuilding IPO | ₹101 Cr | Listed at BSE SME | Tue, Oct 8, 2024 - Thu, Oct 10, 2024
Shiv Texchem IPO is a book build issue of ₹101.35 crores. The issue is entirely a fresh issue of 0.61 crore shares of ₹101.35 crore.
Shiv Texchem IPO bidding started from Oct 8, 2024 and ended on Oct 10, 2024. The allotment for Shiv Texchem IPO was finalized on Oct 11, 2024. The shares got listed on BSE SME on Oct 15, 2024.
Shiv Texchem IPO price band is set at ₹166 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,32,800 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,65,600.
Vivro Financial Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Shiv Texchem IPO RHP for detailed Information.
IPO Open
Tue, Oct 8, 2024
IPO Close
Thu, Oct 10, 2024
Issue Price
₹166 per share
Market Cap (Pre-IPO)
₹384.66 Cr
| IPO Date | 8 to 10 Oct, 2024 |
| Listed on | Tue, Oct 15, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹158 to ₹166 |
| Issue Price | ₹166 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 61,05,600 shares (agg. up to ₹101 Cr) |
| Reserved for Market Maker | 3,05,600 shares Rikhav Securities Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 58,00,000 shares (agg. up to ₹96 Cr) |
| Net Offered to Public | 58,00,000 shares (agg. up to ₹96 Cr) |
| Share Holding Pre Issue | 1,70,66,672 shares |
| Share Holding Post Issue | 2,31,72,272 shares |
| BSE Script Code | 544272 |
| ISIN | INE0YRO01015 |
Shiv Texchem IPO comprises a total issue size of 61,05,600 shares. The net offer to the public is 58,00,000 shares, after excluding 3,05,600 shares allotted on a firm basis. Of the Net offer 28,99,200 (49.99%) are allocated to QIB, 8,70,400 (15.01%) allocated to NII 20,30,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,99,200 | 49.99% | 47.48% |
| − Anchor Investor Shares Offered | 17,39,200 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 11,60,000 | 19.00% | |
| NII (HNI) Shares Offered | 8,70,400 | 15.01% | 14.26% |
| Retail Shares Offered | 20,30,400 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,05,600 | 5.01% | |
| Total Shares Offered | 61,05,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,32,800 |
| Retail (Max) | 1 | 800 | ₹1,32,800 |
| HNI (Min) | 2 | 1,600 | ₹2,65,600 |
Shiv Texchem IPO raises ₹28.87 crore from anchor investors. Shiv Texchem IPO Anchor bid date is October 7, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Oct 7, 2024 |
| Shares Offered | 17,39,200 |
| Anchor Portion (₹ Cr.) | 28.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Nov 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jan 9, 2025 |
Established in 2005, Shiv Texchem Limited imports and distributes hydrocarbon-based secondary and tertiary chemicals, which are important raw materials for numerous industries.
The company imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. These secondary and tertiary chemicals are indispensable basic raw materials for various industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. The company procures these chemicals from international manufacturers and suppliers, distributes them to the domestic industry, and ensures sufficient and timely supplies to manufacturers.
Some of the company's customers include Apcotex Industries Limited, Hemani Industries Limited and Gujarat Fluorochemicals Limited. The company sources these chemicals from several countries including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
Over the last three financial years, the company has expanded its product portfolio from 21 products in the financial year 2022 to 39 products in the financial year 2024. The company's customer base has also grown from over 400 customers in the 2022 financial year to over 650 customers in the 2024 financial year.
As of March 31, 2024, Shiv Texchem had 50 permanent employees.
Competitive strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 854.83 | 798.68 | 602.35 | 425.44 |
| Total Income | 567.08 | 1,536.69 | 1,118.67 | 865.47 |
| Profit After Tax | 10.06 | 30.11 | 16.03 | 13.86 |
| NET Worth | 202.94 | 192.88 | 122.76 | 106.74 |
| Reserves and Surplus | 200.80 | 190.74 | 121.16 | 105.14 |
| Total Borrowing | 270.86 | 296.65 | 329.14 | 120.34 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet long-term working capital requirements; and | 75.00 |
| 2 | General Corporate Purposes | 16.74 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 19.08% |
| ROCE | 26.99% |
| Debt/Equity | 1.54 |
| RoNW | 19.08% |
| PAT Margin | 1.96% |
| Price to Book Value | 1.40 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 165.42 | 17.36 |
| P/E (x) | 8.02 | 9.56 |
| Promoter Holding | 100% | 73.65% |
| Market Cap | ₹384.66 Cr. |
The Shiv Texchem IPO is subscribed 156.55 times on October 10, 2024 6:19:10 PM (Day 3). The public issue subscribed 68.27 times in the retail category, 86.7 times in the QIB category, and 455.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 86.7 | 11,60,000 | 10,05,76,800 |
| NII* | 455.58 | 8,70,400 | 39,65,36,800 |
| Retail | 68.27 | 20,30,400 | 13,86,16,800 |
| Total | 156.55 | 40,60,800 | 63,57,30,400 |
Total Application : 2,20,709
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including selling commission, brokerage and underwriting commission, as applicable) | 4.43 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Issue and bidding/uploading charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.13 |
| 3 | Fees payable to the Registrar to the Issue | 0.01 |
| 4 | Others: Listing fees, SEBI filing fees, BSE processing fees, book building software fees, and other regulatory expenses; | 0.11 |
| 5 | Printing and stationery expenses; | 0.03 |
| 6 | Advertising and marketing expenses | 0.19 |
| 7 | Fees payable to legal counsel; | 0.12 |
| 8 | Other expenses (brokerage and selling commission and bidding charges of members of the syndicate, marketing and selling expenses, IPO advisory fees, market maker, stamp duty and other miscellaneous Expenses) | 2.60 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹166.00 |
| Open | ₹239.00 |
| Low | ₹227.05 |
| High | ₹250.95 |
| Last Trade | ₹250.95 |
Lead Manager Reports
Shiv Texchem IPO is a SME IPO of 61,05,600 equity shares of the face value of ₹10 aggregating up to ₹101 Crores. The issue is priced at ₹166 per share. The minimum order quantity is 800.
The IPO opens on Tue, Oct 8, 2024, and closes on Thu, Oct 10, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shiv Texchem IPO using UPI as a payment gateway. Zerodha customers can apply in Shiv Texchem IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shiv Texchem IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shiv Texchem IPO opens on Tue, Oct 8, 2024 and closes on Thu, Oct 10, 2024.
Shiv Texchem IPO lot size is 800, and the minimum amount required for application is ₹1,32,800.
You can apply in Shiv Texchem IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shiv Texchem IPO will be done on Friday, October 11, 2024, and the allotted shares will be credited to your demat account by Mon, Oct 14, 2024. Check the Shiv Texchem IPO allotment status.
The Shiv Texchem IPO listing date is on Tue, Oct 15, 2024.
