Shiv Texchem Limited's IPO allotment is set to be finalized today, October 11, 2024. Investors who applied for the IPO can check their allotment status on the registrar's portal, Link Intime India Private Ltd. The IPO opened for subscription on October 8 and closed on October 10, 2024, with a remarkable subscription rate of 156.55 times on the last day.

Checking Your Allotment Status

* To find out whether you have been allocated shares, follow these steps:

* Navigate to the IPO allotment status page.

* Select Shiv Texchem Limited IPO from the dropdown list.

* Enter your application number, PAN, or DP Client ID.

* Submit the details to check your allotment status.

This process is crucial for investors to determine how many shares they have been allotted. If an applicant does not receive shares, the refund process will commence on October 14, 2024. Those who are allotted shares will see them deposited into their demat accounts on the same day.

Listing Date and Pricing

The listing date for the Shiv Texchem IPO is scheduled for October 15, 2024, on the BSE SME platform. The IPO comprises a fresh issue amounting to ₹101.35 Crores, with a price band set between ₹158 to ₹166 per equity share. The minimum lot size is 800 shares, requiring a minimum investment of ₹1,32,800 for retail investors. High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (1,600 shares), totaling ₹2,65,600.

Financial Performance

In the quarter ended June 30, 2024, Shiv Texchem reported a restated total income of ₹56,604.99 lakhs, along with a restated profit after tax of ₹1,005.89 lakhs. These figures reflect a growing financial base, and the company's earnings per share (EPS) is calculated at ₹17.64 pre-issue and ₹12.99 post-issue.

Grey Market Premium

The Grey Market Premium (GMP) for Shiv Texchem Limited is estimated between ₹20 to ₹25, suggesting potential listing gains of about 15%. However, trading in the grey market is unregulated and should be approached with caution.

Investment Outlook

Based on the company's performance and current market conditions, it is advised that investors approach the Shiv Texchem IPO with caution. While there are prospects for listing gains, the company’s financial metrics suggest a more conservative investment strategy.

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About the Author

CA Abhay Kumar (also known as CA Abhay Varn) is a qualified Chartered Accountant and a SEBI Registered Research Analyst with over 8 years of experience in the stock market. He uses a blend of Technical and Fundamental Analysis along with other critical factors to guide his investment strategies.

Disclaimer
The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information.