Shivchem Agro Limited is an agrochemical company engaged in the manufacturing, stocking, distribution and sale of agricultural formulations, including insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers. The Company is licensed to manufacture 176 agrochemical products and has authorization for manufacturing 82 fertilizers.
The Company distributes its products across eight states — Andhra Pradesh, Telangana, Odisha, Assam, Bihar, West Bengal, Uttar Pradesh and Madhya Pradesh — through 685 distributors and five godowns as of March 31, 2026.
The Company’s manufacturing facility is located in Jhajjar, Haryana, and includes an Effluent Treatment Plant (ETP) and Wet Scrubber Unit for managing wastewater and air emissions.
The Company provides crop protection solutions through solid and liquid formulations and holds ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 certifications.
As of March 31, 2026, Shivchem Agro had 66 permanent employees.
Shivchem Agro IPO – Details
| IPO Opening Date | 28 September 2026 |
| IPO Closing Date | 30 September 2026 |
| Issue Type | Book Building IPO |
| Issue Size | Total Issue: 22,60,000 Shares Worth ₹14.01 Crore Fresh Issue: 22,60,000 Shares Worth ₹14.01 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹59 – ₹62 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Maashitla Securities Pvt. Ltd. |
| QIB Shares Offered | 5.03% |
| NII Shares Offered | 47.25% |
| Retail Shares Offered | 47.72% |
Shivchem Agro IPO – Date Schedule
| IPO Open Date | 28 September 2026 |
| IPO Close Date | 30 September 2026 |
| Basis of Allotment | 01 October 2026 |
| Initiation of Refund | 05 October 2026 |
| Credit of Shares to Demat | 05 October 2026 |
| IPO Listing Date | 06 October 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2026 |
Shivchem Agro IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,48,000 |
| Retail (Max) | 2 | 4000 | ₹2,48,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,72,000 |
| S-HNI (Max) | 8 | 16000 | ₹9,92,000 |
| B-HNI (Min) | 9 | 18000 | ₹11,16,000 |
Competitive Strength
- Diversified Product Portfolio.
- Large and Diverse Distributor Network.
- Automated Filling and Packaging Infrastructure.
- Strong On-Field Product Demonstration Capabilities.
- Manufacturing Facility with Diverse Product Capabilities.
Company Promoters
- Rohit Agarwal
- Sachin Agarwal
- Deepa Agarwal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹10.95 Cr | ₹9.22 Cr | ₹1.29 Cr | ₹7.10 Cr |
| 31 March 2025 | ₹27.50 Cr | ₹23.98 Cr | ₹2.60 Cr | ₹8.26 Cr |
| 31 March 2026 | ₹33.84 Cr | ₹29.44 Cr | ₹3.25 Cr | ₹7.28 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 28.76% |
| ROCE | 30.04% |
| Debt/Equity | 0.56 |
| RoNW | 28.76% |
| PAT Margin | 9.61% |
| EBITDA Margin | 17.69% |
| NAV | 24.50 |
| Price to Book Value | 2.53 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.16 | 4.31 |
| P/E (x) | 10.06 | 14.39 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding the working capital requirements of the Company. | ₹6.90 |
| Repayment/prepayment, in full or part, of certain loans availed by Company. | ₹3.50 |
| General Corporate Purposes. |
✅Strengths
- Diversified Portfolio with 176 agrochemical products.
- Wide Distribution with 685 distributors across 8 states.
- Product Expansion with a growing range of licensed products.
- Manufacturing Facility in Jhajjar, Haryana.
- ISO Certified under three ISO standards.
⚠️Risks
- High Competition from domestic and international players.
- Distributor Dependence for product sales.
- Regulatory Risk due to licensing requirements.
- Raw Material Risk from availability and pricing.
- Employee Risk related to retaining skilled personnel.
Shivchem Agro IPO Promoter Holding
| Pre-Issue Share Holding | 92.73% |
| Post Issue Share Holding | 64.91% |
Shivchem Agro IPO Prospectus
Company Contact Information
| Shivchem Agro Limited Unit No. 703, 704, Amba Tower, Plot No.2, Community Centre, D.C Chowk, Sector-9 Rohini Sec-11, North West Delhi, New Delhi, 110085 Phone: +91 11 46008555 Email: compliance@shivchemagro.com Website: https://www.shivchemagro.com/ |
Shivchem Agro IPO Registrar
| Maashitla Securities Pvt. Ltd. Phone: 011-45121795 Email: Investor.ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
Shivchem Agro IPO Lead Manager(s)
| 1. Shannon Advisors Pvt. Ltd. |
Shivchem Agro IPO FAQ
| What is the Shivchem Agro IPO? Shivchem Agro IPO is an SME IPO. The issue is priced at ₹59 – ₹62 per equity share. The IPO is to be listed on BSE SME. |
| When will Shivchem Agro IPO open? The IPO is to open on 28 September 2026 for QIB, NII and Retail Investors. |
| What is Shivchem Agro IPO Investors’ Portion? The Investors portion for QIB – 5.03%, NII – 47.25%, and Retail – 47.72%. |
| What is the Shivchem Agro IPO Size? Shivchem Agro IPO size is ₹14.01 Crore. |
| What are the Shivchem Agro IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,48,000, while the maximum bid is 4000 Shares for ₹2,48,000. |
| What is the Shivchem Agro IPO Allotment Date? Shivchem Agro IPO allotment date is 01 October 2026. |
| What is the Shivchem Agro IPO Listing Date? Shivchem Agro IPO listing date is 06 October 2026. The IPO is to be listed on the BSE SME. |
