Shiv Texchem IPO is set to open on October 8, 2024, and will close on October 10, 2024. This IPO follows a Book Built Issue format, aiming to raise approximately ₹101.35 crores, which includes a fresh issue of ₹101.35 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the Shiv Texchem IPO is ₹158 to ₹166 per share. The allocation is divided with 35% reserved for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). The company is scheduled to list on the BSE on October 15, 2024, while the allotment date is expected on October 11, 2024.
Financially, the company has shown growth, with reported revenue of ₹1536.69 crores in 2024, up from ₹1118.67 crores in 2023. The profit also improved significantly to ₹30.11 crores in 2024, compared to ₹16.03 crores in 2023. Given this financial performance, long-term investors may find this IPO appealing.
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.
Shiv Texchem IPO Review (Apply or Not)
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Shiv Texchem IPO Date & Price Band Details:
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹158 to ₹166 Per Share |
| Issue Size: | Approx ₹101.35 Crores |
| Fresh Issue: | Approx ₹101.35 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Shiv Texchem IPO Lot Size:
The minimum market lot for the Shiv Texchem IPO is 800 shares, requiring an application amount of ₹132,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹132,800 |
| Retail Maximum | 1 | 800 | ₹132,800 |
| S-HNI Minimum | 2 | 1,600 | ₹265,600 |
Shiv Texchem IPO Timeline:
The Shiv Texchem IPO will open on October 8, 2024, and close on October 10, 2024. The allotment will be finalized on October 11, 2024, and the IPO is expected to list on the stock exchanges on October 25, 2024.
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Basis of Allotment: | October 11, 2024 |
| Refunds: | October 14, 2024 |
| Credit to Demat Account: | October 14, 2024 |
| IPO Listing Date: | October 15, 2024 |
Shiv Texchem IPO GMP Today:
GMP for Shiv Texchem SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Shiv Texchem IPO
The promoters of the company are Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited, and Hemanshu Syntex Private Limited.
About Shiv Texchem IPO
Shiv Texchem Limited, established in 2005, specializes in the import and distribution of hydrocarbon-based secondary and tertiary chemicals, which serve as essential raw materials for numerous industries.
The company imports and distributes a broad range of chemicals, including Acetyls, Alcohols, Aromatics, Nitriles, Monomers, Glycols, Phenolic compounds, Ketones, and Isocyanates. These chemicals are crucial for industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. As a key player in the supply chain, Shiv Texchem sources these materials from international manufacturers and suppliers, ensuring timely and reliable deliveries to domestic manufacturers.
Notable customers include Apcotex Industries Limited, Hemani Industries Limited, and Gujarat Fluorochemicals Limited. The company’s sourcing network spans multiple countries, including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
Over the past three financial years, Shiv Texchem has significantly expanded its product portfolio, increasing from 21 products in FY 2022 to 39 products in FY 2024. Simultaneously, the customer base has grown from over 400 customers in FY 2022 to over 650 customers in FY 2024.
As of March 31, 2024, Shiv Texchem employed 50 permanent staff members.
Competitive Strengths:
- Storage Solutions & Financial Stability: A focus on storage capabilities paired with a consistent financial track record.
- Unique Business Model: Offering integrated retail and supply chain solutions.
- Diverse Portfolio and Network: A well-rounded product range, extensive customer base, and strong supplier network.
- Long-Standing Customer Relationships: Strong ties with clients built over years of consistent service.
- Experienced Management Team: Led by a highly skilled team with deep expertise in the hydrocarbon-based chemical industry.
Shiv Texchem IPO Company Financial Report
The company reported revenue of ₹1536.69 crores in 2024 against ₹1118.67 crore in 2023. The company reported profit of ₹30.11 crores in 2024 against profit of ₹16.03 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹865.47 | ₹846.79 | ₹13.86 | ₹425.44 |
| 2023 | ₹1,118.67 | ₹1,097.13 | ₹16.03 | ₹602.35 |
| 2024 | ₹1,536.69 | ₹1,495.84 | ₹30.11 | ₹798.68 |
Shiv Texchem IPO Valuation – FY2024
Check Shiv Texchem IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 19.08% |
| ROCE: | 26.88% |
| EBITDA Margin: | 3.90% |
| PAT Margin: | 1.96% |
| Debt to equity ratio: | 1.54 |
| Earning Per Share (EPS): | ₹20.68 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.08% |
| Net Asset Value (NAV): | ₹112.99 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
Shiv Texchem IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: shivtexchem.smeipo@linkintime.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
Company Address
Shiv Texchem Limited
Kamla Space, Unit no. 216,
2nd Floor Khira Nagar TPS III,
S.V. Road, Santacruz (West) Mumbai – 400054
Phone: +91 96195 11788
Email: cs@shivtexchem.com
Website: http://www.shivtexchem.com/
Shiv Texchem IPO FAQs
1. When does the Shiv Texchem IPO open?
The Shiv Texchem IPO opens on October 8, 2024.
2. What is the closing date for the Shiv Texchem IPO?
The IPO will close on October 10, 2024.
3. What type of issue is the Shiv Texchem IPO?
It is a Book Built Issue IPO.
4. How much is Shiv Texchem planning to raise through the IPO?
The company aims to raise around ₹101.35 crores through the IPO.
5. What is the face value of Shiv Texchem’s shares?
The face value of each share is ₹10.
6. What is the price band for the Shiv Texchem IPO?
The price band is set at ₹158 to ₹166 per share.
7. What is the minimum lot size for the Shiv Texchem IPO?
The minimum market lot is 800 shares, requiring an application amount of ₹132,800.
8. How is the Shiv Texchem IPO allocated among investors?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
9. When will the allotment for Shiv Texchem IPO be finalized?
The allotment date is October 11, 2024.
10. When will Shiv Texchem IPO list on the stock exchange?
The company is expected to list on the BSE on October 25, 2024.
11. What are the company’s reported financials for 2024?
In 2024, Shiv Texchem reported revenue of ₹1536.69 crores, up from ₹1118.67 crores in 2023, with a profit of ₹30.11 crores in 2024, compared to ₹16.03 crores in 2023.
12. Who are some of Shiv Texchem’s major customers?
Some key customers include Apcotex Industries Limited, Hemani Industries Limited, and Gujarat Fluorochemicals Limited.
13. From which countries does Shiv Texchem source its chemicals?
The company sources chemicals from China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
14. How has Shiv Texchem’s product portfolio expanded in recent years?
The company expanded its product range from 21 products in FY 2022 to 39 products in FY 2024, along with growing its customer base from over 400 customers in 2022 to over 650 customers in 2024.
15. How many employees does Shiv Texchem have?
As of March 31, 2024, Shiv Texchem had 50 permanent employees.
