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 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
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 5.08% |
| ROCE | 7.16% |
| Debt/Equity | 1.33 |
| RoNW | 5.08% |
| P/BV | 1.4 |
| PAT Margin (%) | 1.78 |
Check Shiv Texchem IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 20.68 | 17.36 |
| P/E (x) | 8.02 |
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:
- To meet long-term working capital requirements; and
- 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…
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
Website: http://www.shivtexchem.com/
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
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