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.
Shiv Texchem IPO – Details
| IPO Opening Date | 08 October 2024 |
| IPO Closing Date | 10 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 61,05,600 Shares Worth ₹101.35 Crore Fresh Issue: 61,05,600 Shares Worth ₹101.35 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹158 – ₹166 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares |
| Listing At | BSE SME |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Shiv Texchem IPO – Date Schedule
| IPO Open Date | 08 October 2024 |
| IPO Close Date | 10 October 2024 |
| Basis of Allotment | 11 October 2024 |
| Initiation of Refund | 14 October 2024 |
| Credit of Shares to Demat Account | 14 October 2024 |
| IPO Listing Date | 15 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 10, 2024 |
Shiv Texchem IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,32,800 |
| Retail (Max) | 1 | 800 | ₹1,32,800 |
| HNI (Min) | 2 | 1600 | ₹2,65,600 |
Competitive Strengths
- Diversified product portfolio.
- Long term relationship with customers and suppliers.
- Effective management of supply chain including storage, handling and logistics system.
- Experienced management team.
- Ensuring price, specifications, quantity and delivery schedule of the products.
Company Promoters
- Vikas Pavankumar
- Hemanshu S. Chokhani
- Pavankumar Sanwaria Realty Private Limited
- Hemanshu Syntex Private Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 865.47 | 846.79 | 13.86 | 120.34 |
| 31 March 2023 | 1118.66 | 1097.12 | 16.02 | 329.14 |
| 31 March 2024 | 1536.68 | 1495.84 | 30.11 | 296.65 |
| 30 June 2024 | 567.07 | 553.50 | 10.05 | 270.85 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 19.08% |
| ROCE | 26.99% |
| Debt/Equity | 1.54 |
| RoNW | 19.08% |
| P/BV | 1.4 |
| PAT Margin (%) | 1.96 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 165.42 | 17.36 |
| P/E (x) | 8.02 | 9.56 |
Object Of The Issue
- To meet long-term working capital requirements; and
- General Corporate Purposes.
Shiv Texchem IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Shiv Texchem IPO Prospectus
- Shiv Texchem IPO DRHP
- Shiv Texchem IPO RHP
Company Contact Information
| 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 |
Shiv Texchem IPO Lead Manager(s)
| 1. Vivro Financial Services Private Limited |
Shiv Texchem IPO FAQs
| What is Shiv Texchem IPO? Shiv Texchem IPO is an SME IPO. The issue is priced at ₹158 and ₹166 per equity share. The IPO is to be listed on BSE SME. |
| When Shiv Texchem IPO will open? The IPO is to open on 08 October 2024 for QIB, NII, and Retail Investors. |
| What is Shiv Texchem IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Shiv Texchem IPO? You can apply Shiv Texchem IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Shiv Texchem IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Shiv Texchem IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Shiv Texchem IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Shiv Texchem IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Shiv Texchem IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shiv Texchem IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Shiv Texchem IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Shiv Texchem IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Shiv Texchem IPO Size? Shiv Texchem IPO size is ₹101.35 Crore. |
| What is Shiv Texchem IPO Price Band? Shiv Texchem IPO Price Band is ₹158 – ₹166. |
| What is Shiv Texchem IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 800 Shares with ₹1,32,800 amount while the maximum bid is 800 Shares with ₹1,32,800. |
| What is the Shiv Texchem IPO Allotment Date? Shiv Texchem IPO allotment date is 11 October 2024. |
| What is the Shiv Texchem IPO Listing Date? Shiv Texchem IPO listing date is 15 October 2024. The IPO is to be listed on BSE SME. |
