Shiv Texchem IPO GMP, Review, Price, Allotment

Last updated on October 5, 2024

Shiv Texchem IPO description – Shiv Texchem is engaged in the business of importing and distributing hydrocarbon-based chemicals of products such as Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates. These are critical raw materials and inputs and have applications across various industries like paints and coatings, printing inks, agrochemical products, specialty polymers, pharmaceutical products, and specialty industrial chemicals.

Shiv Texchem sources chemicals from China, Taiwan, South Korea, Kuwait, Qatar, USA, Netherlands, Belgium, and Italy amongst others, and supplies to a diverse range of customers such as Apcotex Industries, Hemani Industries, Gujarat Fluorochemicals amongst others.

The company has expanded its product portfolio from offering 21 products to 39 products, and also grown its customer base from 400 customers to 650 customers by FY 2024. As of 31 March 2024, Shiv Texchem had 50 employees on payroll.

Promoters of Shiv Texchem – Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited and Hemanshu Syntex Private Limited

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Shiv Texchem IPO Details

Shiv Texchem IPO Dates	8 – 10 October 2024
Shiv Texchem Issue Price	INR 158 – 166 per share
Fresh issue	61,05,600 shares (INR 96.47 – 101.35 crore)
Offer For Sale	NIL
Total IPO size	61,05,600 shares (INR 96.47 – 101.35 crore)
Minimum bid (lot size)	800 Shares (INR 1,32,800)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	BSE SME

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Shiv Texchem Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	858.66	1,117.59	1534.90
Expenses	846.79	1,097.13	1495.84
Net income	13.86	16.03	30.11

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Shiv Texchem Offer News

• Shiv Texchem RHP
• Shiv Texchem Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• Highest SME IPO Subscription in 2024

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Shiv Texchem Valuations & Margins

	FY 2022	FY 2023	FY 2024
EPS	20.45	12.52	20.68
PE ratio	–	–	7.64 – 8.03
RONW (%)	20.64	13.97	19.08
NAV	83.39	95.91	113.01
ROCE (%)	22.75	20.98	26.88
EBITDA (%)	2.65	3.32	3.90
Debt/Equity	1.13	2.68	1.54

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Shiv Texchem IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
5 October 2024	40	–	25,000

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Shiv Texchem IPO Subscription – Live Updates

Coming soon

The market maker reservation portion of shares is not included in the above calculations.

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Shiv Texchem IPO Allotment Status

Shiv Texchem IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

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Shiv Texchem IPO Dates & Listing Performance

IPO Opening Date	8 October 2024
IPO Closing Date	10 October 2024
Finalization of Basis of Allotment	11 October 2024
Initiation of refunds	14 October 2024
Transfer of shares to demat accounts	14 October 2024
IPO Listing Date	15 October 2024
Opening Price on BSE SME	Coming soon
Closing Price on BSE SME	Coming soon

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Shiv Texchem Offer Lead Manager

VIVRO FINANCIAL SERVICES PRIVATE LIMITED
Vivro House, 11, Shashi Colony, Opposite Suvidha Shopping Center,
Paldi, Ahmedabad – 380 007, Gujarat, India
Phone: +91-226666 8040
Email: [email protected]
Website: www.vivro.net

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Shiv Texchem Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in

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Shiv Texchem Issue Contact Details

SHIV TEXCHEM LIMITED
602, 6th Floor, Savoy Chambers,
Hasmukh Nagar, Santacruz (W) Mumbai, 400 054
Phone: +91 96195 11788
E-mail: [email protected]
Website: www.shivtexchem.com

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