Shiv Texchem Limited IPO Details
SME
Shiv Texchem IPO opens for subscription on 08 Oct 2024 and closes on 10 Oct 2024. The IPO will be listed on BSE with the tentative listing date set for 15 Oct 2024.
Shiv Texchem IPO price band has been fixed at ₹158 – ₹166 per share.The face value is ₹10 per share with a lot size of 800.
Shiv Texchem IPO total issue size comprises 61,05,600 shares (aggregating up to ₹101.35 Cr). This includes a fresh issue of 61,05,600 shares (aggregating up to ₹101.35 Cr). Pre-issue shareholding stands at 1,70,66,672, which will increase to 2,31,72,272 post-issue.
Shiv Texchem IPO carries a ₹65 (39.2%) GMP, reflecting investor sentiment.
Shiv Texchem IPO Lot Size : Retain Minimum is 1 lot (800 shares) amounting to ₹132,800. Retain Maximum is 1 lot (800 shares) amounting to ₹132,800. SHNI Minimum is 2 lots (1,600 shares) amounting to ₹265,600.
The Lead Managers for Shiv Texchem IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Vivro Financial Services Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Rikhav Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Shiv Texchem Limited RHP.
Shiv Texchem IPO Details
Shiv Texchem IPO Subscription
Shiv Texchem IPO Application Wise Breakup
Shiv Texchem IPO Dates
- 08 Oct 2024Opening dateOPD
- 10 Oct 2024Closing dateCOD
- 11 Oct 2024Allotment Date BOA
- 14 Oct 2024Initiation of RefundsIOR
- 14 Oct 2024Credit of SharesCOS
- 15 Oct 2024Listing dateLID
Shiv Texchem IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 800 | ₹132,800 |
| Retain Maximum | 1 | 800 | ₹132,800 |
| SHNI Minimum | 2 | 1600 | ₹265,600 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Shiv Texchem IPO Reservation
Promoter Holding
Shiv Texchem IPO Valuations
Shiv Texchem Financial Information
Shiv Texchem Limited's revenue increased by 37% and profit after tax (PAT) rose by 88% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 79,868.05 | 60,234.98 | 42,543.57 | |||||||||||||||||||||||||||
| Revenue | 1,53,668.79 | 1,11,866.98 | 86,547.46 | |||||||||||||||||||||||||||
| Profit After Tax | 3,011.3 | 1,602.72 | 1,386.48 | |||||||||||||||||||||||||||
| Net Worth | 19,287.69 | 12,276.39 | 10,673.68 | |||||||||||||||||||||||||||
| Reserves and Surplus | 19,074.36 | 12,116.39 | 10,513.68 | |||||||||||||||||||||||||||
| Total Borrowing | 29,665.25 | 32,914.39 | 12,034.33 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Shiv Texchem IPO
Established in 2005, Shiv Texchem Limited imports and distributes hydrocarbon-based secondary and tertiary chemicals, which are important raw materials for numerous industries.
The company imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. These secondary and tertiary chemicals are indispensable basic raw materials for various industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. The company procures these chemicals from international manufacturers and suppliers, distributes them to the domestic industry, and ensures sufficient and timely supplies to manufacturers.
Some of the company's customers include Apcotex Industries Limited, Hemani Industries Limited and Gujarat Fluorochemicals Limited. The company sources these chemicals from several countries including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
Over the last three financial years, the company has expanded its product portfolio from 21 products in the financial year 2022 to 39 products in the financial year 2024. The company's customer base has also grown from over 400 customers in the 2022 financial year to over 650 customers in the 2024 financial year.
As of March 31, 2024, Shiv Texchem had 50 permanent employees.
Competitive strengths:
- A differentiated business model with comprehensive and integrated retail and supply chain solutions
- Well-diversified product portfolio, customer base with extensive supplier network
- Long-standing and active relationships with customers
- Experienced, dedicated and qualified management team with extensive knowledge of the hydrocarbon-based chemical industry
- Focus on providing storage solutions and consistent financial performance
Strength Of Shiv Texchem IPO
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.
Risk Of Shiv Texchem IPO
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.
Objectives Shiv Texchem IPO
- To meet long-term working capital requirements; and
- General Corporate Purposes.
Company Contact Details
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/
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