The IPO of Shiv Texchem is a book-built issue totaling ₹101.35 crores, consisting entirely of a fresh issue of 61.06 lakh shares.
The subscription period for the Shiv Texchem IPO will open on October 8, 2024, and close on October 10, 2024. Allotment is expected to be finalized on October 11, 2024, with a tentative listing date on BSE SME set for October 15, 2024.
The price band for the IPO is established at ₹158 to ₹166 per share. The minimum lot size for application is 800 shares, requiring a minimum investment of ₹132,800 for retail investors. For HNIs, the minimum investment involves 2 lots (1,600 shares), totaling ₹265,600.
Refer to Shiv Texchem IPO DRHP for detailed information.
| IPO Date | October 8, 2024 to October 10, 2024 |
| Listing Date | October 15, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 158 to ₹ 166 / Share |
| Lot Size | 800 Shares |
| Total Issue Size | ₹101.35 Cr |
| Fresh Issue | ₹101.35 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 100.00% |
| Share holding post issue | |
| Market Maker portion | 305,600 shares |
Shiv Texchem Limited IPO opens on October 8, 2024, and closes on October 10, 2024.
| IPO Open Date | October 8, 2024 |
| IPO Close Date | October 10, 2024 |
| Basis of Allotment | October 11, 2024 |
| Initiation of Refunds | October 14, 2024 |
| Credit of Shares to Demat | October 14, 2024 |
| Listing Date | October 15, 2024 |
| Cut-off time for UPI mandate confirmation | October 10, 2024 |
Investors can place bids for a minimum of 800 shares and in multiples thereafter. The table below illustrates the minimum and maximum investment amounts for retail investors and HNIs, presented in terms of shares and total investment.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | Rs.132,800 |
| Retail (Max) | 1 | 800 | Rs.132,800 |
| S-HNI (Min) | 1 | 800 | Rs.132,800 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | |
| Share Holding Post Issue |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | |
|
| Employee Shares Offered | Not less than 35.00% of the Net Issue |
|
| Total Shares Offered | |
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
Shiv Texchem Limited, established in 2005, specializes in importing and distributing hydrocarbon-based secondary and tertiary chemicals, crucial raw materials for various industries.
The company focuses on a range of chemicals from the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols, Phenolic, Ketones, and Isocyanates product families. These chemicals serve as essential feedstocks for industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. Shiv Texchem procures these chemicals from international manufacturers and suppliers, ensuring timely and adequate supplies to domestic manufacturers.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | |
| Debt/Equity | |
| RoNW | |
| P/BV | |
| PAT Margin (%) |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
The gross proceeds raised through the issue are intended to be utilized by the company for the following objectives:
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/ |
Phone: +91-22-4918 6270 Email: shivtexchem.smeipo@linkintime.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
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