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

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.

Shiv Texchem IPO Objectives

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

1. To meet long-term working capital requirements; and
2. 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

Shiv Texchem IPO Reservation

Shiv Texchem IPO Timeline

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