Shivam Chemicals is scheduled to hit the market on April 23, 2024 and close on April 25, 2024. Shivam Chemicals plans to raise around ₹20.18 Cr through an IPO with a sale of up to 4,587,000 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
Established in October 2010, Shivam Chemicals Limited is a manufacturer with a diverse product range, including Hydrated Lime (Calcium Hydroxide) and various distribution offerings like Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, and Limestone Powder. With a track record of supplying over 250,000 metric tons of products, the company has established itself as a reliable player in the industry. Additionally, it operates a wholly-owned subsidiary, Shivam Chemicals and Minerals Private Limited, situated in Dahej, Gujarat, boasting a manufacturing capacity of 60,000 MT and specializing in the production of hydrated lime.
As of December 31, 2023, the company employs a total of 25 personnel, inclusive of 12 contract workers in its subsidiary, Shivam Chemicals and Minerals Private Limited. This lean workforce underscores the company's efficient operational model and strategic focus on productivity and quality within its manufacturing and distribution processes.
Shivam Chemicals IPO Details
Shivam Chemicals IPO opens on April 23, 2024, and closes on April 25, 2024. The Listing date for Shivam Chemicals IPO is on April 30, 2024. The price band for IPO is ₹44 per share and lot size of 3000 Shares.
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Price | ₹44 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹20.18 Cr |
| Face Value | ₹10 per share |
Shivam Chemicals IPO Tentative Timetable
Shivam Chemicals opening date is April 23, 2024 and close date is April 25, 2024. The IPO allotment date is April 26, 2024. The refund initiation of IPO is on April 29, 2024. The credit of shares in demat account is on April 29, 2024. The listing date is on April 30, 2024.
| Event | Date |
|---|---|
| IPO Opening | April 23, 2024 |
| IPO Closing | April 25, 2024 |
| IPO Allotment Date | April 26, 2024 |
| Refund Initiation | April 29, 2024 |
| Shares Credit to Demat | April 29, 2024 |
| Lisiting Date | April 30, 2024 |
Shivam Chemicals IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹132,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹132,000 |
| Retail(Maximum) | 1 | 3000 | ₹132,000 |
| HNI (Minimum) | 2 | 6000 | ₹264,000 |
Shivam Chemicals IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.00% |
Shivam Chemicals IPO Review
Shivam Chemicals and Minerals Private Limited, a subsidiary based in Dahej, Gujarat, is set to launch its IPO with a market capitalization of Rs 74.74 Cr. The company, specializing in producing hydrated lime, showcases promising financial indicators as of December 31, 2023. With a Profit After Tax of Rs 70.79 Lakhs and a Net Worth of Rs 1,399.64 Lakhs, Shivam Chemicals demonstrates stability and growth potential.
Analyzing the Key Performance Indicators (KPIs), we see a Return on Equity (ROE) of 5.13% and a Return on Capital Employed (ROCE) of 6.19%. While the Debt/Equity ratio stands at 1.17, indicating a moderate level of debt, the Price to Book Value (P/BV) ratio is at a healthy 3.9. Investors should note the significant change in Earnings Per Share (EPS) from 2.88 pre-IPO to 0.56 post-IPO, affecting the Price to Earnings (P/E) ratio from 15.26 to 79.19.
The objectives of the IPO include funding working capital requirements, investing in subsidiary Shivam Chemicals & Minerals Pvt Ltd., and general corporate purposes. This IPO presents an opportunity for investors to participate in a company with a solid foundation, strategic objectives, and potential for future growth in the chemical industry.
Shivam Chemicals IPO Subscription Status (Bidding Details)
Table not foundShivam Chemicals IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Shivam Chemicals IPO FAQs
What is Shivam Chemicals IPO?
Shivam Chemicals is issuing 4,587,000 equity shares with a face value of ₹10 each, totaling up to ₹20.18 Cr. The shares are being offered at a price of ₹44 each, with a minimum order quantity of 3000 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Shivam Chemicals IPO will open?
Shivam Chemicals will open on April 23, 2024 for QIB, NII, and Retail Investors.
When Shivam Chemicals IPO will end?
Shivam Chemicals will end on April 25, 2024.
What is Shivam Chemicals IPO Size?
Shivam Chemicals IPO size is ₹20.18 Cr.
What is Shivam Chemicals IPO Price Band?
Shivam Chemicals price band is ₹44 per share.
What is the Shivam Chemicals IPO Allotment Date?
Shivam Chemicals allotment date is April 26, 2024.
What is the Shivam Chemicals IPO Listing Date?
Shivam Chemicals listing date is April 30, 2024. The IPO is to be listed on BSE and NSE.
How to Shivam Chemicals IPO through Zerodha?
To apply for the IPO “Shivam Chemicals” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Shivam Chemicals IPO through Upstox?
To apply for the IPO “Shivam Chemicals” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Shivam Chemicals IPO Allotment Status?
For Shivam Chemicals IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Shivam Chemicals IPO GMP?
You can check out here: Shivam Chemicals IPO GMP