Shivam Chemicals Pvt Ltd IPO Allotment Status

Shivam Chemicals Pvt Ltd, established in October 2010, manufactures Hydrated Lime and supplies various goods, including limestone powder, magnesium oxide, feed-grade di-calcium phosphate, and poultry feed supplement. The company has provided over 250,000 metric tonnes of diverse items. Shivam Chemicals is set to issue a fixed price IPO of Rs 20.18 crores, with 45.87 lakh shares, with subscription opening on April 23, 2024, and closing on April 25, 2024. The allotment is expected to be finalized on April 26, 2024. The IPO will list on BSE SME with a tentative listing date of April 30, 2024.

Allotment Status of Shivam Chemicals Pvt Ltd

The Shivam Chemicals IPO, which is set for 26 April 2024, is about to complete the share allotment process. Investors who took part in the initial public offering (IPO) process can use the registrar's site, which is run by Cameo Corporate Services Limited, to find out their allocation status. It is expected that on 29 April 2024, the refund procedure for those who were not given shares in Shivam Chemical's initial public offering (IPO) will get underway.

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How to check IPO Allotment Status?

To verify the Shivam Chemicals IPO allocation status on the BSE website, follow these steps:

• Step 1: Go to the BSE website.
• Step 2: From the options, choose 'Equity' under the Issue Type.
• Step 3: Select 'Shivam Chemicals' from the drop-down menu.
• Step 4: Enter your Application Number or PAN.
• Step 5: Complete the captcha verification by clicking on 'I am not a Robot', then click on 'Submit'.

To check the Shivam Chemicals IPO allotment status on the Link Intime India website, follow these steps: 

• Step 1: Visit the IPO registrar's website, Link Intime India.
• Step 2: From the Select Company dropdown menu, choose 'Shivam Chemicals'.
• Step 3: Select your preferred identification option from PAN, Application Number, DP/Client ID, or Account Number/IFSC.
• Step 4: Enter the corresponding details based on your selection.
• Step 5: Click on the 'Submit' button.

Your Shivam Chemicals IPO allotment status will then be displayed on the screen.

Shivam Chemicals IPO Details

Shivam Chemicals IPO Timeline (Tentative Schedule)

The IPO for Shivam Chemicals is scheduled to begin on April 23, 2024, and end on April 25, 2024.

About Shivam Chemical Pvt Ltd

Shivam Chemicals Ltd. (SCL) is a leading manufacturer and distributor of Hydrated Lime (Calcium Hydroxide) and other animal feed products in India. With a strong marketing network, SCL has distributed these products to renowned manufacturers. With an average monthly sales volume of 2,650 metric tons, it contributes to the market's steady flow of products. SCL's journey began with animal feed supplement trading until FY 2022-23, and it evolved into manufacturing through the establishment of a 100%-owned subsidiary, Shivam Chemicals and Minerals Private Limited. With a manufacturing capacity of 60,000 MT, SCL has 25 employees and 12 contracted labors in its subsidiary.

Financial performance of Shivam Chemicals Pvt Ltd

• In terms of financial performance, the firm reported net profit and total income for the previous three fiscal years of Rs. 156.58 cr. / Rs. 3.57 cr. (FY23), Rs. 177.99 cr. / Rs. 4.44 cr. (FY22), and Rs. 95.58 cr. / Rs. 0.87 cr. (FY21), respectively. On a consolidated basis from FY23 onwards, it had a net profit of Rs. 0.71 cr. during the 9M of FY24 on an income of Rs. 107.11 cr. As a result, the company's top and bottom lines for the reported periods showed noticeable irregularities.  
• Over the previous three fiscal years, it recorded an average EPS of Rs. 2.75 and an average RONW of 31.41%. Based on its NAV of Rs. 11.29 as of December 31, 2023, and its post-IPO NAV of Rs. 20.12 per share, the issue is valued at a P/BV of 3.90 and 2.19, respectively.
• The asking price is at a P/E of 78.57 if we credit its fully diluted paid-up capital from the IPO for its annualised FY24 earnings. The issue is valued at a P/E of 20.95 based on FY23 profits, and as a result, it looks to be overpriced. 
• PAT margins for the reported periods were 0.91% (FY21), 2.49X% (FY22), 2.33% (FY23), 0.66% (9M-FY24), while RoCE margins for the mentioned periods were 23.84%, 42.35%, 19.88%, and 6.19%, respectively. 

Disclaimer - The information provided above, regarding the Shivam Chemicals Private Limited IPO details, is solely intended for study purposes and is accurate as of April 23, 2024. Before making any investment decisions, it is strongly advised to conduct thorough research and consult with a financial advisor to ensure suitability and understanding of potential risks associated with the investment. The provided information may be subject to change, and no guarantees are made regarding its accuracy or completeness.