SME · BSESubscribed: 156.63×GMP ₹65
Shiv Texchem Limited

Shiv Texchem Limited

Shiv Texchem Limited(SHIVTEX)

Total Shares

61,05,600

Issue Size

₹101.35 Cr

Price Band

₹158 – ₹166

Lot Size

800 shares

Min. Investment

₹1,32,800

Max. Investment

₹1,32,800

Open Date

08 Oct, 2024

Close Date

10 Oct, 2024

Allotment

11 Oct, 2024

Listing

15 Oct, 2024

Announced

08 Oct, 2024

Opening Date

08 Oct, 2024

Closing Date

10 Oct, 2024

Basis of Allotment

11 Oct, 2024

Initiation of Refunds

14 Oct, 2024

Credit of Shares

14 Oct, 2024

Listing Date

15 Oct, 2024

Live GMP

Est. Listing: ₹206

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About Shiv Texchem Limited IPO

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, agrochemi

Shiv Texchem Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue61,05,600 shares₹101.35 Cr
Fresh Issue61,05,600 shares₹101.35 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue1,70,66,672
Post-Issue2,31,72,272

Dilution: 35.8% increase in shares

Shiv Texchem Limited IPO Financials Health

Shiv Texchem Limited IPO Lot Size

ApplicationLotsSharesAmount
HNI Minimum21600₹2,65,600
Retail Minimum1800₹1,32,800
Retail Maximum1800₹1,32,800

(All values in CR)

Shiv Texchem Limited IPO Valuation

MetricValue
Debt/Equity1.54
EPS Post IPO17.36
EPS Pre IPO165.42
P/BV1.4
P/E Post IPO9.56
P/E Pre IPO8.02
PAT Margin (%)1.96
ROCE26.99%
ROE19.08%
RoNW19.08%

(All values in CR)

Strength & Risk of Shiv Texchem Limited IPO

+Strengths

1. Diversified product portfolio.

2. Long term relationship with customers and suppliers.

3. Effective management of supply chain including storage, handling and logistics system.

4. Experienced management team.

5. Ensuring price, specifications, quantity and delivery schedule of the products.

!Risks

1. The company derives a significant part of its revenue from a group of select products. If the company fails to offer any of these products, its business, financial condition and results of operations may be adversely affected.

2. The company is dependent on limited number of suppliers for supply of its traded products and the company has not made any long term supply arrangement with its suppliers. In an eventuality where the company suppliers are unable to deliver it the required materials in a time-bound manner it have a material adverse effect on its business operations and profitability.

3. The company does not have long term agreements with its customers and relies on purchase orders for delivery of its products. Loss of one or more of its customers or a reduction in their demand for the company products could adversely affect its business, results of operations and financial condition.

4. Its operations are heavily dependent on industries where products are supplied, which includes paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, specialty industrial chemicals, etc.

5. Its business is working capital intensive involving high level of inventories and trade receivables. The company requires substantial financing for its business operations. The company indebtedness and the conditions and restrictions imposed on by its financing arrangements could adversely affect the company ability to conduct its business.

6. There are pending litigations against the Company, certain of its Promoters, and its Directors. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.

7. Its inability to accurately forecast demand or price for the company products and to manage its inventory may adversely affect the company business, results of operations and financial condition.

8. The company has certain contingent liabilities which may adversely affect its financial condition.

9. The company has experienced negative cash flows from operation activities in the prior periods.

10. The company has partially hedged or in some cases not hedged its foreign currency exposure, which may cause a negative impact to its business and financial conditions in case of fluctuations of foreign currency.

Shiv Texchem Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0017,39,20017,39,20028.87
HNI455.938,70,40039,68,42,4006
Market Maker1.003,05,6003,05,6005.07
QIB86.7011,60,00010,05,76,8001
Retail68.2720,30,40013,86,16,8002
Total156.6340,60,80063,60,36,00010

Shiv Texchem Limited IPO GMP

+₹40+24.1%

Last updated 06 Oct, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
06 Oct, 2024166₹4024300₹206 (24.10%)-06 Oct, 2024
07 Oct, 2024166₹40▼24300₹206 (24.10%)-07 Oct, 2024
14 Oct, 2024166₹74▲45000₹240 (44.58%)-14 Oct, 2024
15 Oct, 2024166₹6539500₹231 (39.16%)-15 Oct, 2024

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Shiv Texchem Limited IPO

1

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2

Go to IPO Section

Find Shiv Texchem Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

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Provide your UPI ID linked to your bank account and submit the application.

4

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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

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Your funds will be blocked in your account until the IPO allotment process is completed.


 Shiv Texchem Limited IPO

IPO Overview and Key Highlights

Shiv Texchem Limited is launching its Initial Public Offering (IPO) of up to 61,05,600 equity shares. This IPO represents an opportunity for investors to engage in a company rooted in the petrochemical and textile industries. The company has a corporate office in Mumbai and is involved in trading chemicals, textiles, and industrial raw materials.

Key IPO Details

  • Type of Issue: 100% Book Built Issue
  • Issue Size: Up to 61,05,600 Equity Shares of ?10 each
  • Face Value: Rs10 per share
  • Listing Exchange: BSE SME
  • Issue Opens: October 8, 2024
  • Issue Closes: October 10, 2024?

 About the Company

Founded in 2005, Shiv Texchem Limited has established itself as a key player in trading petrochemicals and textile raw materials. The company is run by an experienced management team led by Vikas Pavankumar, Hemanshu Chokhani, and other industry veterans. The funds raised through the IPO are expected to be used for general corporate purposes and to meet working capital requirements.

Financial Overview

Shiv Texchem has experienced a steady increase in revenue, reflecting its strategic focus on expanding market reach and optimizing operations. The company's diverse product portfolio provides resilience in a competitive and fluctuating market.

Key Strengths of Shiv Texchem

  1. Experienced Leadership: A strong and seasoned management team ensures sound decision-making and growth strategies.
  2. Diversified Product Offering: The company operates in multiple sectors, reducing dependency on a single industry.
  3. Stable Financial Performance: The financials show consistent revenue growth, which could appeal to investors looking for stable companies in the chemical and textile sectors.

 IPO Pros and Cons

Pros

  • Market Growth: The petrochemical and textile sectors are experiencing growth, which benefits Shiv Texchem’s future potential.
  • Industry Expertise: The promoters and management team have a wealth of experience and are well-regarded in the industry.
  • Diversification: The company's presence across different sectors provides a safeguard against market fluctuations.

 Cons

  • Market Risks: The company's profitability is closely linked to the performance of its key sectors, making it vulnerable to market volatility.
  • Competitive Landscape: Operating in a highly competitive environment may put pressure on margins.

 Risk Factors

Investors must be aware of the following risks associated with the Shiv Texchem IPO:

  • Economic Sensitivity: A downturn in the global or domestic economy could negatively impact demand for petrochemical and textile products.
  • Price Volatility: As with any IPO, the stock may experience volatility, especially since this is the company's first public offering?

Conclusion

The Shiv Texchem Limited IPO offers a promising opportunity for investors looking to enter the petrochemical and textile industries. With strong leadership, a diverse product portfolio, and growing market demand, the company is well-positioned for expansion. However, potential investors must consider the inherent risks associated with market volatility and competition in these sectors.


FAQs About Shiv Texchem Limited Ipo

Shiv Texchem Limited IPO will open on 08 Oct, 2024 and close on 10 Oct, 2024. Investors must apply within this period to participate.

The Shiv Texchem Limited IPO price band is set between ₹158.00 and ₹166.00 per share. The minimum lot size is 800, requiring an investment of at least ₹132800.00.

The Shiv Texchem Limited IPO shares are expected to be listed on 15 Oct, 2024, subject to regulatory approvals and final allotment.

You can track your Shiv Texchem Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID

The Shiv Texchem Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.