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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 ₹44.00 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). The minimum lot size investment for 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 Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹44 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,87,000 shares (aggregating up to ₹20.18 Cr) |
| Reserved for Market Maker | 2,31,000 shares Shreni Shares Ltd. (aggregating up to ₹1.02 Cr) |
| Net Offered to Public | 43,56,000 shares (aggregating up to ₹19.17 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,24,00,000 shares |
| Share Holding Post Issue | 1,69,87,000 shares |
Shivam Chemicals IPO offers total 45,87,000 shares. Out of which 21,78,000 (47.48%) allocated to NII, 21,78,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,31,000 (5.04%) |
| NII (HNI) Shares Offered | 21,78,000 (47.48%) |
| Retail Shares Offered | 21,78,000 (47.48%) |
| Total Shares Offered | 45,87,000 (100.00%) |
Shivam Chemicals IPO opens on April 23, 2024, and closes on April 25, 2024.
| IPO Open Date | Tue, Apr 23, 2024 |
| IPO Close Date | Thu, Apr 25, 2024 |
| Tentative Allotment | Fri, Apr 26, 2024 |
| Initiation of Refunds | Mon, Apr 29, 2024 |
| Credit of Shares to Demat | Mon, Apr 29, 2024 |
| Tentative Listing Date | Tue, Apr 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 25, 2024 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,32,000 |
| Retail (Max) | 1 | 3,000 | ₹1,32,000 |
| HNI (Min) | 2 | 6,000 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 3,881.92 | 3,117.11 |
| Total Income | 10,710.70 | 15,658.34 |
| Profit After Tax | 70.79 | 357.44 |
| Net Worth | 1,399.64 | 1,328.35 |
| Reserves and Surplus | 159.64 | 1,288.85 |
| Total Borrowing | 1,638.20 | 1,351.37 |
| Amount in ₹ Lakhs | ||
The market capitalization of Shivam Chemicals IPO is ₹74.74 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 5.13% |
| ROCE | 6.19% |
| Debt/Equity | 1.17 |
| RoNW | 5.06% |
| Price to Book Value | 3.90 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.88 | 0.56 |
| P/E (x) | 15.26 | 79.19 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects.
[Dilip Davda] The company is engaged in distributing animal feed/poultry products and is also in the manufacturing of hydrated lime. It is in a highly competitive and fragmented segment. It has marked inconsistency in its top and bottom lines and FY23 onwards, it posted declining trends in its revenue and profits. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | April 30, 2024 |
| BSE Script Code | 544165 |
| NSE Symbol | |
| ISIN | INE0SGR01013 |
| Final Issue Price | ₹44 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹44.00 |
| Open | ₹48.00 |
| Low | ₹45.60 |
| High | ₹50.40 |
| Last Trade | ₹47.40 |
Shivam Chemicals Ltd.
Office No. 108, 1st Floor, Hubtown Solaris
Off N.S.Phadke Marg,
Saiwadi, Andheri (E), Mumbai,-400069
Andheri, Maharashtra
Phone: +91 98199 68855
Email: info@shivamchem.com
Website: https://www.shivamchem.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Shivam Chemicals IPO is a SME IPO of 45,87,000 equity shares of the face value of ₹10 aggregating up to ₹20.18 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000.
The IPO opens on April 23, 2024, and closes on April 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 April 23, 2024 and closes on April 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 Monday, April 29, 2024. Check the Shivam Chemicals IPO allotment status.
The Shivam Chemicals IPO listing date is on Tuesday, April 30, 2024.
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