Shivam Chemicals IPO is a fixed price issue of Rs 20.18 crores. The issue is entirely a fresh issue of 45.87 lakh shares.
Shivam Chemicals IPO opens for subscription on April 23, 2024 and closes on April 25, 2024. The allotment for the Shivam Chemicals IPO is expected to be finalized on Friday, April 26, 2024. Shivam Chemicals IPO will list on BSE SME with tentative listing date fixed as Tuesday, April 30, 2024.
Shivam Chemicals IPO price is ₹44 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹264,000.
Shivam Chemicals IPO Details
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,587,000 shares (aggregating up to ₹20.18 Cr) |
| Fresh Issue | 4,587,000 shares (aggregating up to ₹20.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,400,000 |
| Share holding post issue | 16,987,000 |
| Market Maker portion | 231,000 shares Shreni Shares |
Shivam Chemicals IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Shivam Chemicals IPO Timeline (Tentative Schedule)
Shivam Chemicals IPO opens on April 23, 2024, and closes on April 25, 2024.
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Shivam Chemicals IPO Lot Size
Investors can bid for a minimum of 3000 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 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| HNI (Min) | 2 | 6,000 | ₹264,000 |
| Lot Size Calculator | |||
Shivam Chemicals IPO Promoter Holding
The promoters of the company are Sanjiv Girdharlal Vasant, Soham Sanjiv Vasant and Shivam Sanjiv Vasant.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.00% |
About Shivam Chemicals Limited
Incorporated in October 2010, Shivam Chemicals Limited produces Hydrated Lime (Calcium Hydroxide) and distributes various products including Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, and more. The company has supplied over 250,000 metric tons of various products.
The product portfolio of the company includes:
- Poultry Feed Supplements
- Di-calcium Phosphate
- Magnesium Oxide
- Limestone Powder
- Hydrated Lime (Calcium Hydroxide)
Shivam Chemicals and Minerals Private Limited is a wholly owned subsidiary located in Dahej, Gujarat, with a manufacturing capacity of 60,000 MT. It specializes in producing hydrated lime (calcium hydroxide).
On December 31, 2023, the company has a total of 25 employees, including 12 contract workers in their subsidiary Shivam Chemicals and Minerals Private Limited.
Shivam Chemicals Limited Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| Assets | 3,881.92 | 3,117.11 |
| Revenue | 10,710.70 | 15,658.34 |
| Profit After Tax | 70.79 | 357.44 |
| Net Worth | 1,399.64 | 1,328.35 |
| Reserves and Surplus | 159.64 | 1,288.85 |
| Total Borrowing | 1,638.20 | 1,351.37 |
| Amount in ₹ Lakhs | ||
Key Performance Indicator
The market capitalization of Shivam Chemicals IPO is Rs 74.74 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 5.13% |
| ROCE | 6.19% |
| Debt/Equity | 1.17 |
| RoNW | 5.06% |
| P/BV | 3.9 |
Check Shivam Chemicals IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.88 | 0.56 |
| P/E (x) | 15.26 | 79.19 |
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, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Shivam Chemicals IPO Objectives)
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects.
- Funding Working capital requirements in our Company;
- Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities
- General Corporate Purpose
Shivam Chemicals Limited Contact Details
Shivam Chemicals Limited
Office No. 108, 1st Floor, Hubtown Solaris
Off N.S.Phadke Marg,
Saiwadi, Andheri (E), Mumbai,-400069
Phone: +91 98199 68855
Email: info@shivamchem.com
Website: https://www.shivamchem.com/
Shivam Chemicals IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/