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Shiv Texchem Ltd

Trading

Offer Period :

8th to 10th Oct 2024

Shiv Texchem Ltd IPO Details

IPO Date 8th to 10th Oct 2024 Minimum Investment ₹132800 / 1 Lots
Listing Date 2024-10-15 Maximum Investment ₹132800 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹101.35 Crores
Price ₹166 to ₹166 per share Fresh Issue ₹101.35 Crores
Lot Size 1 Lots (800 Shares) Offer For Sale ₹ 0
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 8th to 10th Oct 2024
Listing Date 2024-10-15
Face Value ₹10 per share
Price ₹166 to ₹166 per share
Lot Size 1 Lots (800 Shares)
Listing At BSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹132800 / 1 Lots
Maximum Investment ₹132800 / 1 Lots
Total Issue Size ₹101.35 Crores
Fresh Issue ₹101.35 Crores
Offer For Sale
Retail Discount ₹ 0

About Shiv Texchem Ltd :

Shiv Texchem Ltd is gearing up to launch its IPO, making it a key player to watch in the chemical and petrochemical industry. The company, established in 2005 and headquartered in Mumbai, specializes in the production and distribution of petrochemical products, primarily catering to domestic markets with an aim to expand internationally. Its promoters, Vikas Pavankumar and Hemanshu S. Chokhani, along with Sanwaria Realty Private Limited and Hemanshu Syntex Private Limited, have steadily driven the company's growth over the years.

 

The IPO consists of a fresh issue of equity shares, aggregating up to 61,05,600 shares. This offering aims to raise capital to fuel the company’s expansion plans, enhance its working capital, and meet general corporate purposes. With Shiv Texchem positioning itself on the SME platform of BSE, the IPO will open new avenues for both the company and investors alike. Potential investors should evaluate the company's history, business model, and future prospects before making any investment decisions.

Timeline

Important dates for allocation and IPO listing.

8th Oct

IPO Starts

10th Oct

IPO Ends

11th Oct

Allotment Date

14th Oct

Initiation of Refund

14th Oct

Credit of Shares to Demat Account

15th Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 0
Public Group 0 0

Shiv Texchem Ltd IPO Reservation

QIB Shares Offered 1160000(19%)
NII (HNI) Shares Offered 870000(14.25%)
Retail Shares Offered 2030000(33.25%)
Anchor Investor Shares Offered 1740000(28.5%)
Total Shares Offered 6105600
Total Shares With Anchor Investor 6105600

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Shiv Texchem Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number + 91-810 811 4949
Email Id shivtexchem.smeipo@linkintime.in
Our Website www.linkintime.co.in

Shiv Texchem Ltd IPO Lead Manager

1. Vivro Financial Services Pvt Ltd

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Shiv Texchem Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 11,60,000 37,31,200 68,249.0
Non Institutional Investors 11,76,000 1,99,94,400 68,249.0
Retail Individual Investors (RIIs) 20,30,400 3,40,57,600 68,249.0
Total 43,66,400 5,77,83,200 68,249.0

Strength of Shiv Texchem Ltd

1. Diversified product portfolio.

2. Long term relationship with customers and suppliers.

3. Effective management of supply chain including storage, handling and logistics system.

4. Experienced management team.

5. Ensuring price, specifications, quantity and delivery schedule of the products.

Risks Involved

1. The company derives a significant part of its revenue from a group of select products. If the company fails to offer any of these products, its business, financial condition and results of operations may be adversely affected.

2. The company is dependent on limited number of suppliers for supply of its traded products and the company has not made any long term supply arrangement with its suppliers. In an eventuality where the company suppliers are unable to deliver it the required materials in a time-bound manner it have a material adverse effect on its business operations and profitability.

3. The company does not have long term agreements with its customers and relies on purchase orders for delivery of its products. Loss of one or more of its customers or a reduction in their demand for the company products could adversely affect its business, results of operations and financial condition.

4. Its operations are heavily dependent on industries where products are supplied, which includes paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, specialty industrial chemicals, etc.

5. Its business is working capital intensive involving high level of inventories and trade receivables. The company requires substantial financing for its business operations. The company indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company ability to conduct its business.

6. There are pending litigations against the Company, certain of its Promoters, and its Directors. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.

7. Its inability to accurately forecast demand or price for the company products and to manage its inventory may adversely affect the company business, results of operations and financial condition.

8. The company has certain contingent liabilities which may adversely affect its financial condition.

9. The company has experienced negative cash flows from operation activities in the prior periods.

10. The company has partially hedged or in some cases not hedged its foreign currency exposure, which may cause a negative impact to its business and financial conditions in case of fluctuations of foreign currency.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Shiv Texchem Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-15 544272 -
INE0YRO01015
₹166 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹166 ₹166
Open ₹239 ₹0
Low ₹227.05 ₹0
High ₹250.95 ₹0
Low ₹227.05 ₹0

Industry Outlook of Shiv Texchem IPO

  • The petrochemical industry is poised for significant growth, driven by increasing demand for chemical products across diverse sectors such as automotive, construction, and electronics.
  • India's petrochemical sector is expected to witness a compound annual growth rate (CAGR) of 9.5% over the next five years, supported by favorable government policies and initiatives aimed at boosting domestic manufacturing.
  • The industry has been witnessing a shift towards sustainable and eco-friendly chemicals, which presents an opportunity for companies like Shiv Texchem to innovate and capture market share.
  • Increasing investments in research and development (R&D) are paving the way for advanced chemical products, enhancing the competitive edge of companies that focus on innovation.
  • With globalization and increasing international trade, the demand for Indian petrochemical products is expected to rise, providing companies with opportunities to expand their global footprint.

Frequently Asked Questions

What is Shiv Texchem Ltd IPO?

Answer Field

Shiv Texchem Ltd IPO is a SME IPO of 61,05,600 equity shares of a face value of ₹10 aggregating up to ₹101.35 Crores. The issue is priced at ₹166 to ₹166 per share. The minimum order quantity is 800 Shares. The IPO opens on October 08, 2024, and closes on October 10, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Shiv Texchem Ltd IPO will open?

Answer Field

The Shiv Texchem Ltd IPO opens on October 08, 2024 and closes on October 10, 2024.

What is the lot size of Shiv Texchem Ltd?

Answer Field

Shiv Texchem Ltd lot size is 800 shares, and the minimum amount required is ₹1,32,800.

How to apply for Shiv Texchem Ltd IPO?

Answer Field

You can apply in Shiv Texchem Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Shiv Texchem Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Shiv Texchem Ltd IPO will be done on October 11, 2024, and the allotted shares will be credited to your demat account by October 14, 2024.

When is Shiv Texchem Ltd IPO listing date?

Answer Field

The Shiv Texchem Ltd listing date is October 15, 2024.

Who is the registrar of Shiv Texchem Ltd IPO?

Answer Field

The registrar of Shiv Texchem Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Vivro Financial Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Shiv Texchem Ltd IPO?

Answer Field

The fresh issue size is ₹101.35 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Shiv Texchem Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 800 shares and ₹1,32,800 amount.

How can I approve the UPI mandate request for Shiv Texchem Ltd IPO?

Answer Field

To apply for Shiv Texchem Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Shiv Texchem Ltd?

Answer Field

The price of each Shiv Texchem Ltd share will be ranging in between ₹166 to ₹166 per share.

What is the cut-off time for the UPI mandate for Shiv Texchem Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 10, 2024.

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