Shivam Chemicals Limited IPO
Shivam Chemicals Ltd. (SCL) is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor of various products such as Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc. 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 price is ₹44 per share. The minimum lot size for an application is 3000 Shares. Aryaman Financial Services Limited is the book running lead manager of the Shivam Chemicals IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Shivam Chemicals IPO is Shreni Shares.
Shivam Chemicals Limited IPO Details
Detail | Description |
---|---|
IPO Date | April 23, 2024 to April 25, 2024 |
Face Value | ₹10 per share |
Price Band | ₹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 |
Shivam Chemicals IPO Timeline (Tentative Schedule)
Detail | Description |
---|---|
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
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 3000 | ₹132,000 |
Retail (Max) | 1 | 3000 | ₹132,000 |
HNI (Min) | 2 | 6,000 | ₹264,000 |
Shivam Chemicals IPO Reservation
Investor Category | Shares Offered |
---|---|
Retail Shares Offered | 50% of the Net issue |
Other Shares Offered | 50% of the Net issue |
Company & Financials
Shivam Chemicals Ltd. (SCL) was incorporated in october 2010, the company is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor of various products such as Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc. With rich experience and knowledge, it has built a well-established marketing network across India and it distributes animal feed products for various well renowned manufacture over the years. Shivam Chemicals and Minerals Private Limited is a wholly owned subsidiary located in Dahej, Gujarat, with a manufacturing capacity of 60,000 MT. From FY23, its top and bottom lines are showing degrowth. 9M-FY24 marked poor performance. Based on FY24 annualized earnings, the issue appears exorbitantly priced.
Shivam Chemicals Limited Financial Information
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
KPI | Values |
---|---|
ROE | 5.13% |
ROCE | 6.19% |
Debt/Equity | 1.17 |
RoNW | 5.06% |
P/BV | 3.9 |
Objectives of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 1. Funding Working capital requirements in our Company
- 2. Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities
- 3. General Corporate Purpose
FAQs for Shivam Chemicals IPO
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Why Shivam Chemicals IPO?
The initial public offer (IPO) of Shivam Chemicals Limited offers an early investment opportunity in Shivam Chemicals Limited. A stock market investor can buy Shivam Chemicals IPO shares by applying in IPO before Shivam Chemicals Limited shares get listed at the stock exchanges. An investor could invest in Shivam Chemicals IPO for short term listing gain or a long term.
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When will Shivam Chemicals IPO allotment status?
The Shivam Chemicals IPO allotment status will be available on or around April 26, 2024.
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When will Shivam Chemicals IPO list?
The Shivam Chemicals IPO list date is not yet available. The Shivam Chemicals IPO is planned to list on April 30, 2024, at BSE SME.
-
Why Shivam Chemicals IPO?
The initial public offer (IPO) of Shivam Chemicals Limited offers an early investment opportunity in Shivam Chemicals Limited. A stock market investor can buy Shivam Chemicals IPO shares by applying in IPO before Shivam Chemicals Limited shares get listed at the stock exchanges. An investor could invest in Shivam Chemicals IPO for short term listing gain or a long term.
-
When will Shivam Chemicals IPO allotment status?
The Shivam Chemicals IPO allotment status will be available on or around April 26, 2024.
-
When will Shivam Chemicals IPO list?
The Shivam Chemicals IPO list date is not yet available. The Shivam Chemicals IPO is planned to list on April 30, 2024, at BSE SME.
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