Shiv Texchem is primarily engaged in the import and distribution of hydrocarbon-based chemicals, serving a wide range of industries, including paints and coatings, printing inks, agro-chemical products, specialty polymers, and pharmaceuticals. Their product family includes acetyls, alcohol, aromatics, nitriles, monomers, glycols, phenolic, ketones, and isocyanates, which are essential raw materials across various industrial applications.

The company is set to launch a Book Built Issue amounting to ₹101.35 Crores, which consists entirely of a Fresh Issue of 61.05 Lakh Shares. The subscription period for the Shiv Texchem IPO opens on October 08, 2024, and will close on October 10, 2024. The allotment of shares is expected to be finalized on or about October 11, 2024, with a tentative listing date on the BSE SME set for around October 15, 2024.

The share price band for the Shiv Texchem IPO is established at ₹158 to ₹166 per equity share, with a minimum lot size of 800 shares. Consequently, retail investors will need to invest a minimum of ₹1,32,800, while High-Net-Worth Individuals (HNIs) must invest in at least 2 lots (1,600 shares), amounting to ₹2,65,600.

Vivro Financial Services Private Limited is the book-running lead manager for this IPO, with Link Intime Private Limited serving as the registrar. Additionally, Rikhav Securities Limited will act as the market maker for Shiv Texchem.

Shiv Texchem Limited IPO GMP Today

As of now, the Grey Market Premium (GMP) for Shiv Texchem is expected to range from ₹20 to ₹25, reflecting the company’s financial performance. However, it's important to understand that the Grey Market Premium is not a reliable indicator for price discovery before the shares are listed on the stock exchange. The GMP is influenced by the demand and supply dynamics in an unregulated market and is shared for educational and informational purposes only.

Shiv Texchem Limited IPO Live Subscription Status Today

The Shiv Texchem IPO opens for subscription on October 8, 2024. For real-time updates on the live subscription status, investors can monitor the IPO subscription progress as the dates approach.

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, with 17,39,200 equity shares allocated to them. Note that shares allotted to anchor investors come from the Qualified Institutional Buyers (QIBs) reservation portion.

Important Notes:

The number of shares offered in the IPO subscription section table is calculated at the lower end of the price band, while the number of shares calculated in the IPO details section is based on the upper end of the price band for the Book Building Issue. This may lead to discrepancies, as shares will be issued at the upper band if there is demand.

The market maker portion is included in the Non-Institutional Investors (NIIs) reservation portion and is not shown separately in the subscription table.

Shiv Texchem Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online

The allotment date for Shiv Texchem is slated for October 11, 2024. Investors can check their allotment status using the following 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 verify your allotment status.

This user-friendly process enables investors to quickly ascertain their allotment status and take appropriate action regarding their investments.

Objectives of Shiv Texchem Limited IPO

The proceeds from the Fresh Issue will be allocated towards the following objectives:

₹7,500.00 Lakhs will be utilized to meet long-term working capital requirements.

Additional funds will be directed towards general corporate purposes.

In summary, Shiv Texchem represents a significant opportunity within the hydrocarbon-based chemicals market, catering to various industries with essential raw materials. As investors consider their options, it’s essential to analyze the IPO metrics and overall performance closely. For more insights and the latest updates on upcoming IPOs, check out Best IPOs and Top News Headlines.

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