Fixed Price IPO | ₹20 Cr | Listed at BSE SME | Tue, Apr 23, 2024 - Thu, Apr 25, 2024
Shivam Chemicals IPO is a fixed price issue of ₹20.18 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹20.18 crore.
Shivam Chemicals IPO bidding started from Apr 23, 2024 and ended on Apr 25, 2024. The allotment for Shivam Chemicals IPO was finalized on Apr 26, 2024. The shares got listed on BSE SME on Apr 30, 2024.
Shivam Chemicals IPO price is ₹44 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,64,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Shivam Chemicals IPO RHP for detailed Information.
IPO Open
Tue, Apr 23, 2024
IPO Close
Thu, Apr 25, 2024
Issue Price
₹44 per share
Market Cap (Pre-IPO)
₹74.74 Cr
| IPO Date | 23 to 25 Apr, 2024 |
| Listed on | Tue, Apr 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹44 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 45,87,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 2,31,000 shares Shreni Shares Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 43,56,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 43,56,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 1,24,00,000 shares |
| Share Holding Post Issue | 1,69,87,000 shares |
| BSE Script Code | 544165 |
| ISIN | INE0SGR01013 |
Shivam Chemicals IPO comprises a total issue size of 45,87,000 shares. The net offer to the public is 43,56,000 shares, after excluding 2,31,000 shares allotted on a firm basis. Of the Net offer 21,78,000 (50.00%) allocated to NII 21,78,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,78,000 | 50.00% | 47.48% |
| Retail Shares Offered | 21,78,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,31,000 | 5.04% | |
| Total Shares Offered | 45,87,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,32,000 |
| Retail (Max) | 1 | 3,000 | ₹1,32,000 |
| HNI (Min) | 2 | 6,000 | ₹2,64,000 |
Incorporated in October 2010, Shivam Chemicals Limited produces 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.
The product portfolio of the company includes:
Shivam Chemicals and Minerals Private Limited is a wholly owned subsidiary located in Dahej, Gujarat, with a manufacturing capacity of 60,000 MT. It specializes in producing hydrated lime (calcium hydroxide).
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 38.82 | 31.17 |
| Total Income | 107.11 | 156.58 |
| Profit After Tax | 0.71 | 3.57 |
| NET Worth | 14.00 | 13.28 |
| Reserves and Surplus | 1.60 | 12.89 |
| Total Borrowing | 16.38 | 13.51 |
| Amount in ₹ Crore | ||
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 5.13% |
| ROCE | 6.19% |
| Debt/Equity | 1.17 |
| RoNW | 5.06% |
| PAT Margin | 0.66% |
| Price to Book Value | 3.90 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.88 | 0.56 |
| P/E (x) | 15.26 | 79.19 |
| Promoter Holding | 99.99% | 73.00% |
| Market Cap | ₹74.74 Cr. |
The Shivam Chemicals IPO is subscribed 6.61 times on April 25, 2024 7:02:06 PM (Day 3). The public issue subscribed 8.88 times in the retail category, [.] times in the QIB category, and 4.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.33 | 21,78,000 | 94,20,000 |
| Retail | 8.88 | 21,78,000 | 1,93,50,000 |
| Total | 6.61 | 43,56,000 | 2,87,76,000 |
Total Application : 7,689
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Marketing & Distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses | 1.67 |
| 2 | Printing and stationary | 0.03 |
| 3 | Advertisement | 0.03 |
| 4 | Statutory and Other | 0.30 |
| 5 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.49 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹44.00 |
| Open | ₹48.00 |
| Low | ₹45.60 |
| High | ₹50.40 |
| Last Trade | ₹47.40 |
Lead Manager Reports
Shivam Chemicals IPO is a SME IPO of 45,87,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Apr 23, 2024, and closes on Thu, Apr 25, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shivam Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Shivam Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shivam Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shivam Chemicals IPO opens on Tue, Apr 23, 2024 and closes on Thu, Apr 25, 2024.
Shivam Chemicals IPO lot size is 3000, and the minimum amount required for application is ₹1,32,000.
You can apply in Shivam Chemicals 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 Shivam Chemicals IPO will be done on Friday, April 26, 2024, and the allotted shares will be credited to your demat account by Mon, Apr 29, 2024. Check the Shivam Chemicals IPO allotment status.
The Shivam Chemicals IPO listing date is on Tue, Apr 30, 2024.
