Shiv Texchem Limited IPO

NiftyTrader • October 5, 2024

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Shiv Texchem Limited IPO

Shiv Texchem Limited IPO opens for subscription on October 8, 2024, and closes on October 10, 2024. The allotment for the Shiv Texchem IPO is expected to be finalized on Friday, October 11, 2024. Shiv Texchem’s IPO will be listed on BSE SME, with a tentative date fixed as Tuesday, October 15, 2024.

Shiv Texchem IPO price band is set at ₹158 to ₹166 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹132,800. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹265,600.

Shiv Texchem IPO is a book built issue of Rs 101.35 crores. The issue is entirely a fresh issue of 61.06 lakh shares.

Shiv Texchem IPO Details

IPO Date	October 8, 2024 to October 10, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹158 to ₹166 per share
Lot Size	800 Shares
Total Issue Size	6,105,600 shares (aggregating up to ₹101.35 Cr)
Fresh Issue	6,105,600 shares (aggregating up to ₹101.35 Cr)
Offer for sale	9,500,000 shares of ₹5 (aggregating up to ₹90.25 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Shareholding pre-issue	17,066,672
Shareholding post-issue	23,172,272

Shiv Texchem IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	800	₹132,800
Retail (Max)	1	800	₹132,800
S-HNI (Min)	2	1600	₹265,600

Shiv Texchem IPO Objectives

The Company intends to utilize the gross proceeds raised through the Issue towards the following objectives:

To meet long-term working capital requirements; and
General Corporate Purposes.

About Shiv Texchem Limited

Founded in 2005, Shiv Texchem Limited specializes in importing and distributing various hydrocarbon-based secondary and tertiary chemicals, essential for various industries, including paints, coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial chemicals. The company’s extensive product lineup encompasses Acetyls, Alcohols, Aromatics, Nitriles, Monomers, Glycols, Phenolics, Ketones, and Isocyanates, sourced from international manufacturers in countries such as China, Taiwan, South Korea, Kuwait, Qatar, USA, Netherlands, Belgium, and Italy. Over the past three years, Shiv Texchem has significantly expanded its offerings from 21 to 39 products, while also increasing its customer base from 400 to over 650. With a dedicated team of 50 employees, the company prides itself on a differentiated business model that combines integrated retail and supply chain solutions, strong supplier relationships, and a commitment to timely and reliable service.

Shiv Texchem Limited Financial Information

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
Revenue	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

Shiv Texchem IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.03% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Offer

Shiv Texchem IPO Timeline

Shiv Texchem IPO opens on October 8, 2024, and closes on October 10, 2024.

IPO Open Date	Tuesday, October 8, 2024
IPO Close Date	Thursday, October 10, 2024
Basis of Allotment	Friday, October 11, 2024
Initiation of Refunds	Monday, October 14, 2024
A credit of Shares to Demat	Monday, October 14, 2024
Listing Date	Tuesday, October 15, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 10, 2024