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Shiv Texchem Limited IPO, GMP, Details, Price, And Review
Shiv Texchem Limited primarily import and distributes hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, are critical raw materials and inputs and have applications across a wide spectrum of industries like paints and coatings, printing inks, agro-chemical products, speciality polymers, pharmaceuticals products and speciality industrial chemicals.
In the petrochemical industry, a wide array of base chemicals serve as the foundation for various derivative substances. These chemicals serve as secondary and tertiary chemicals for application in various industries. Their business focuses on importing and redistributing these secondary and tertiary chemicals, essential raw materials for multiple industries.
Shiv Texchem IPO Overview:
• IPO Size: ₹101.35 crores (Entirely Fresh Issue of 61.06 lakh shares)
• IPO Opening Date: October 8, 2024
• IPO Closing Date: October 10, 2024
• Price Band: ₹158 to ₹166 per share
• Minimum Lot Size: 800 shares
• Book Running Lead Manager: Vivro Financial Services Private Limited
• Registrar: Link Intime India Private Ltd
• Market Maker: Rikhav Securities
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shiv Texchem Limited IPO, GMP, Details, Price, And Review
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-15 | 166 | 65 (39.16%) | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Shiv Texchem Limited IPO, GMP, Details, Price, And Review Details
| Detail | Description |
|---|---|
| IPO Date | October 8, 2024 to October 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹158 to ₹166 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Fresh Issue | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 17,066,672 |
| Shareholding post issue | 23,172,272 |
| Market Maker portion | 305,600 shares |
Shiv Texchem Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, October 8, 2024 |
| IPO Close Date | Thursday, October 10, 2024 |
| Basis of Allotment | Friday, October 11, 2024 |
| Initiation of Refunds | Monday, October 14, 2024 |
| Credit of Shares to Demat | Monday, October 14, 2024 |
| Listing Date | Tuesday, October 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 10, 2024 |
Shiv Texchem Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,800 |
| Retail (Max) | 1 | 800 | ₹132,800 |
| HNI (Min) | 2 | 1,600 | ₹265,600 |
Shiv Texchem Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | - |
Competitive Strength:
- ● A differentiated business model with comprehensive and integrated retail and supply chain solutions
- ● Well-diversified product portfolio, customer base with extensive supplier network
- ● Long-standing and active relationships with customers
- ● Experienced, dedicated and qualified management team with extensive knowledge of the hydrocarbon-based chemical industry
- ● Focus on providing storage solutions and consistent financial performance
Shiv Texchem Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 85,483.43 | 56,707.83 | 1,005.89 | 20,293.58 | 27,085.63 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 79,868.05 | 1,53,668.79 | 3,011.3 | 19,287.69 | 29,665.25 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 60,234.98 | 1,11,866.98 | 1,602.72 | 12,276.39 | 32,914.39 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 42,543.57 | 86,547.46 | 1,386.48 | 10,673.68 | 12,034.33 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.08% |
| ROCE | 7.16% |
| Debt/Equity | 1.33 |
| RoNW | 5.08% |
| P/BV | 1.4 |
| PAT Margin (%) | 1.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 20.68 | 17.36 |
| P/E (x) | 8.02 |
Objectives of Shiv Texchem IPO
-
The Company intends to utilise the gross proceeds raised through the Issue towards the following objectives:
- 1. To meet long-term working capital requirements.
- 2. General Corporate Purposes.
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
What is Shiv Texchem IPO?
Shiv Texchem IPO is an SME IPO. The company is going to raise ₹101.35 Crores via IPO. The issue is priced at ₹158 to ₹166 per equity share. The IPO is to be listed on BSE.
-
When will the Shiv Texchem IPO open for subscription?
The IPO is to open on October 8, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 10, 2024.
-
What is Shiv Texchem IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Shiv Texchem IPO Issue Size?
Shiv Texchem IPO issue size is ₹101.35 crores.
-
What is Shiv Texchem IPO Price Band?
Shiv Texchem IPO Price Band is ₹158 to ₹166.
