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 |
