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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 ₹166.00 per share . The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,26,400 (800 shares). The minimum lot size investment for 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 Date | October 8, 2024 to October 10, 2024 |
| Listing Date | October 15, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹158 to ₹166 per share |
| Issue Price Final | ₹166 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 61,05,600 shares (aggregating up to ₹101.35 Cr) |
| Reserved for Market Maker | 3,05,600 shares Rikhav Securities Ltd. (aggregating up to ₹5.07 Cr) |
| Net Offered to Public | 58,00,000 shares (aggregating up to ₹96.28 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,70,66,672 shares |
| Share Holding Post Issue | 2,31,72,272 shares |
Shiv Texchem IPO offers total 61,05,600 shares. Out of which 28,99,200 (47.48%) allocated to QIB, 11,60,000 (19.00%) allocated to QIB, 8,70,400 (14.26%) allocated to NII, 20,30,400 (33.25%) allocated to RII and 17,39,200 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,05,600 (5.01%) |
| QIB Shares Offered | 28,99,200 (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 (14.26%) |
| Retail Shares Offered | 20,30,400 (33.25%) |
| Total Shares Offered | 61,05,600 (100.00%) |
Shiv Texchem IPO raises ₹28.87 crore from anchor investors. Shiv Texchem IPO Anchor bid date is October 7, 2024. Shiv Texchem IPO Anchor Investors list
| Bid Date | October 7, 2024 |
| Shares Offered | 17,39,200 |
| Anchor Portion Size (In Cr.) | 28.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 10, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 9, 2025 |
Shiv Texchem IPO opens on October 8, 2024, and closes on October 10, 2024.
| IPO Open Date | Tue, Oct 8, 2024 |
| IPO Close Date | Thu, Oct 10, 2024 |
| Tentative Allotment | Fri, Oct 11, 2024 |
| Initiation of Refunds | Mon, Oct 14, 2024 |
| Credit of Shares to Demat | Mon, Oct 14, 2024 |
| Tentative Listing Date | Tue, Oct 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 10, 2024 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 85,483.43 | 79,868.05 | 60,234.98 | 42,543.57 |
| Total Income | 56,707.83 | 1,53,668.79 | 1,11,866.98 | 86,547.46 |
| Profit After Tax | 1,005.89 | 3,011.3 | 1,602.72 | 1,386.48 |
| Net Worth | 20,293.58 | 19,287.69 | 12,276.39 | 10,673.68 |
| Reserves and Surplus | 20,080.25 | 19,074.36 | 12,116.39 | 10,513.68 |
| Total Borrowing | 27,085.63 | 29,665.25 | 32,914.39 | 12,034.33 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Shiv Texchem IPO is ₹384.66 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 165.42 | 17.36 |
| P/E (x) | 8.02 | 9.56 |
The Company intends to utilize the gross proceeds raised through the Issue towards the following objectives:
[Dilip Davda] The company is having asset light model of business. It is engaged in imports and distribution of hydrocarbon based chemicals to end users. It has co-ordeal relations with the suppliers and customers. The company posted steady growth in its top and bottom lines for the reported periods. Based on FY25 annualized earnings, the issue appears lucratively priced. Recent performance trends indicate prospects ahead for this company. Investors can lap it up for medium to long term rewards. Read detail review...
| Listing Date | October 15, 2024 |
| BSE Script Code | 544272 |
| NSE Symbol | |
| ISIN | INE0YRO01015 |
| Final Issue Price | ₹166 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹166.00 |
| Open | ₹239.00 |
| Low | ₹227.05 |
| High | ₹250.95 |
| Last Trade | ₹250.95 |
Shiv Texchem Ltd.
Kamla Space, Unit no. 216,
2nd Floor Khira Nagar TPS III,
S.V. Road, Santacruz (West) Mumbai - 400054
Mumbai, Maharashtra
Phone: +91 96195 11788
Email: cs@shivtexchem.com
Website: http://www.shivtexchem.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: shivtexchem.smeipo@linkintime.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Shiv Texchem IPO is a SME IPO of 61,05,600 equity shares of the face value of ₹10 aggregating up to ₹101.35 Crores. The issue is priced at ₹166 per share. The minimum order quantity is 800.
The IPO opens on October 8, 2024, and closes on October 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 October 8, 2024 and closes on October 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 Monday, October 14, 2024. Check the Shiv Texchem IPO allotment status.
The Shiv Texchem IPO listing date is on Tuesday, October 15, 2024.
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