Shiv Texchem is primarily engaged in the importing and distribution of hydrocarbon-based chemicals, including Acetyls, Alcohol, Aromatics, Nitriles, and Isocyanates. These chemicals are critical raw materials used across a wide spectrum of industries, such as paints and coatings, printing inks, agro-chemicals, specialty polymers, pharmaceuticals, and industrial chemicals.

The company has launched a Book Built Issue amounting to ₹101.35 crores, consisting entirely of a Fresh Issue of 61.05 lakh shares. The subscription period for the Shiv Texchem IPO opens on October 08, 2024, and closes on October 10, 2024. The allotment is expected to be finalized on or about Friday, October 11, 2024, and the shares will be listed on the BSE SME, with a tentative listing date set for Tuesday, October 15, 2024.

The share price band for the Shiv Texchem IPO is set at ₹158 to ₹166 per equity share, with a minimum lot size of 800 shares. Retail investors are required to invest a minimum of ₹1,32,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,600 shares), totaling ₹2,65,600.

Vivro Financial Services Private Limited serves as the book-running lead manager, while Link Intime Private Limited acts as the registrar for the issue. Rikhav Securities Limited will act as the market maker for Shiv Texchem.

Shiv Texchem Limited IPO GMP Today
The Grey Market Premium (GMP) of Shiv Texchem Limited IPO is currently expected to be ₹20 to ₹25, based on the financial performance of the company. It’s important to note that no real trading is conducted based on the Grey Market Premium, meaning actual price discovery cannot be made until the shares are listed on the stock exchange. The GMP is entirely dependent on the demand and supply of the shares in an unorganized manner, which is not recommended. This information is provided for educational and informational purposes only.

Shiv Texchem Limited IPO Live Subscription Status Today
As of 03:00 PM on October 10, 2024, the live subscription status shows that the IPO has been subscribed 117.93 times on its third day of the subscription period. You can check the live subscription status of the Shiv Texchem IPO at BSE.

Shiv Texchem Limited IPO Anchor Investors Report
Shiv Texchem has successfully raised ₹28.87 crores from anchor investors at a price of ₹166 per share in consultation with the book-running lead managers. The company allocated 17,39,200 equity shares to these anchor investors.

Note: The equity shares allotted to anchor investors are taken from the Qualified Institutional Buyers (QIBs) reservation portion. The number of shares offered in the IPO subscription section is calculated at the lower end of the price band, while the number of shares in the IPO details table is calculated at the upper end of the price band for Book Building Issues, which may result in differences.

Shiv Texchem Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
The allotment date for the Shiv Texchem IPO is set for October 11, 2024 (Friday). The allotment status will be available on the registrar's website from this date. To check your allotment status, follow these steps:

Navigate to the IPO allotment status page.

Select Shiv Texchem Limited IPO from the dropdown list of IPOs.

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

Submit the details to view your allotment status.

By following these steps, investors can quickly determine their allotment status and proceed with their investments.

Objectives of Shiv Texchem Limited IPO
The proceeds from the Fresh Issue will be utilized for the following objectives:

₹7,500 lakhs will be allocated to meet long-term working capital requirements.

General corporate purposes.

Shiv Texchem IPO Review
The financials of Shiv Texchem show a solid growth trajectory. For the quarter ended June 30, 2024, the restated total income was ₹56,604.99 lakhs, while the fiscal years 2024, 2023, and 2022 showed total incomes of ₹1,53,668.79 lakhs, ₹1,11,866.98 lakhs, and ₹86,547.46 lakhs, respectively. The restated EBITDA for the same periods were ₹1,886.24 lakhs, ₹5,991.56 lakhs, ₹3,710.19 lakhs, and ₹2,274.96 lakhs.

The profit after tax for the quarter ended June 30, 2024, and the fiscal years 2024, 2023, and 2022 were ₹1,005.89 lakhs, ₹3,011.30 lakhs, ₹1,602.71 lakhs, and ₹1,386.49 lakhs, respectively.

For the Shiv Texchem IPO, the company is issuing shares at a pre-issue EPS of ₹17.64 and a post-issue EPS of ₹12.99. The pre-issue P/E ratio is 9.41x, while the post-issue P/E ratio is 12.77x. The company’s ROCE for FY24 is 26.99%, and RoE for FY24 is 19.08%, indicating that the IPO is fairly priced.

The current Grey Market Premium shows potential listing gains of 15%. Given the company's financial performance and IPO valuation, we recommend investors to avoid the Shiv Texchem Limited IPO for listing gains or long-term investment purposes.

The current active IPO is Pranik Logistics Limited, Shiv Texchem Limited IPO, Garuda Construction and Engineering Limited IPO.

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