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 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 IPO will list on BSE SME with tentative listing 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.

Vivro Financial Services Private Limited is the book running lead manager of the Shiv Texchem IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Shiv Texchem IPO is Rikhav Securities.

Refer to Shiv Texchem IPO RHP for detailed information.

Shiv Texchem IPO Details

IPO Date October 8, 2024 to October 10, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹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)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding pre issue 17,066,672
Share holding post issue 23,172,272
Market Maker portion 305,600 shares
Rikhav Securities

Shiv Texchem IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Net Issue
Retail Shares Offered Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered Not less than 15.00% of the Net Issue

Shiv Texchem IPO Anchor Investors Details

Shiv Texchem IPO raises Rs 28.87 crore from anchor investors. Shiv Texchem IPO Anchor bid date is October 7, 2024. Shiv Texchem IPO Anchor Investors list

Bid Date October 7, 2024
Shares Offered 1,739,200
Anchor Portion Size (In Cr.) 28.87
Anchor lock-in period end date for 50% shares (30 Days) November 10, 2024
Anchor lock-in period end date for remaining shares (90 Days) January 9, 2025

Shiv Texchem IPO Timeline (Tentative Schedule)

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
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

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
HNI (Min) 2 1,600 ₹265,600
Lot Size Calculator

Shiv Texchem IPO Promoter Holding

Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited, and Hemanshu Syntex Private Limited are the company’s promoters.

Share Holding Pre Issue 100.00%
Share Holding Post Issue  

About Shiv Texchem Limited

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

 

Company Financials

Shiv Texchem Limited Financial Information (Restated)

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 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

Key Performance Indicator

The market capitalization of Shiv Texchem IPO is Rs 384.66 Cr.

KPI as of March 31, 2024.

KPI Values
ROE 19.08%
ROCE 26.99%
Debt/Equity 1.54
RoNW 19.08%
P/BV 1.4
PAT Margin (%) 1.96

Check Shiv Texchem IPO Peer Comparison here.

  Pre IPO Post IPO
EPS (Rs)  165.42 17.36
P/E (x)  8.02 9.56

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (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.

Shiv Texchem IPO Review (Apply)

[Dilip Davda]  The company is having asset light model of business. It is engaged in imports and distribution of hydrocarbon based chemicals to end users. It has co-ordeal relations with the suppliers and customers. The company posted steady growth in its top and bottom lines for the reported periods. Based on FY25 annualized earnings, the issue appears lucratively priced. Recent performance trends indicate prospects ahead for this company. Investors can lap it up for medium to long term rewards. Read detail review…


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Shiv Texchem IPO Prospectus

Shiv Texchem Limited 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
Websitehttp://www.shivtexchem.com/

Shiv Texchem IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: shivtexchem.smeipo@linkintime.in
Websitehttps://linkintime.co.in/initial_offer/public-issues.html