Shiv Texchem Ltd IPO
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Shiv Texchem Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 61.06 L | TBA | ₹ 20.3 L | ₹ 170.67 L | BSE | ₹ 101.35 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
08 Oct, 24 | 10 Oct, 24 | 800 | ₹ 1,26,400 | Book Building - SME | 15 Oct, 24 |
Shiv Texchem Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Trading |
Sub Sector | NA |
Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 2900000 | 0 |
NII | 0x | 870000 | 0 |
Retail | 0x | 2030000 | 0 |
Employee | 0x | 0 | 0 |
Total | 0x | 6105600 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Shiv Texchem Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 41.04 | 21.75 | 18.78 |
EBITDA | 41.23 | 21.95 | 18.88 |
PAT | 30.11 | 16.03 | 13.86 |
Total Assets | 796.97 | 600.72 | 422.73 |
Share Capital | 2.13 | 1.60 | 1.60 |
Total Borrowings | 263.62 | 251.14 | 70.06 |
Operating Activities (Net Cash) | 30.30 | 16.23 | 13.96 |
Investing Activities (Net Cash) | 0.00 | 0.01 | 0.01 |
Financing Activities (Net Cash) | 263.62 | 251.14 | 70.06 |
Net Cashflow | 180.68 | 133.79 | 103.62 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Shiv Texchem Ltd
Shiv Texchem Limited was originally incorporated as `Shiv Texchem Private Limited' as a private limited company in Mumbai under the provisions of the Companies, Act, 1956, pursuant to a certificate of incorporation dated March 31, 2005, issued by Registrar of Companies, Maharashtra, Mumbai (ROC/Registrar of Companies). Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at an Extra-ordinary General Meeting held on June 11, 2024, and the name of the Company was changed to `Shiv Texchem Limited and a fresh certificate of incorporation consequent upon conversion dated July 05, 2024 was issued by the Registrar of Companies.
India has been one of the largest consumers of chemicals & petrochemical products in Asia Pacific region for the bulk of the last 10 - 15 years. The rapid growth in India's manufacturing infrastructure during this time period have created strong demand for a wide range of chemical & petrochemical input materials and intermediates. As India became one of the fastest growing economies in the world, the annual growth in demand for chemical & petrochemical input materials and intermediates too increased at a fast clip.
Shiv Texchem Limited is primarily engaged in the business of importing and distributing hydrocarbon-based chemicals that are crucial raw materials for a wide range of industries including paints, coatings, printing inks, agro-chemicals, polymers, pharmaceuticals, and industrial chemicals. Serving as preferred sourcing partners, the company aggregates customer orders and engage with global producers and suppliers to negotiate pricing, specifications, quantities, and delivery schedules.
Peer Comparison:
- No Listed Industry Peers
Shiv Texchem Ltd IPO Key Points
Strengths
- Diversified product portfolio.
- Long term relationship with customers and suppliers.
- Effective management of supply chain including storage, handling and logistics system.
- Experienced management team.
- Ensuring price, specifications, quantity and delivery schedule of the products.
Risk
- The company derives a significant part of its revenue from a group of select products. If the company fails to offer any of these products, its business, financial condition and results of operations may be adversely affected.
- The company is dependent on limited number of suppliers for supply of its traded products and the company has not made any long term supply arrangement with its suppliers. In an eventuality where the company suppliers are unable to deliver it the required materials in a time-bound manner it have a material adverse effect on its business operations and profitability.
- The company does not have long term agreements with its customers and relies on purchase orders for delivery of its products. Loss of one or more of its customers or a reduction in their demand for the company products could adversely affect its business, results of operations and financial condition.
Strategy
- Further penetrate hydrocarbon and petrochemical market in India.
- Strengthening existing customer relationships and build new customer relationship through its product portfolio.
- Further optimising its working capital cycle.
- Expand its Product Portfolio and diversify into additional business segments.
- Diversified product portfolio.
- Long term relationship with customers and suppliers.
- Effective management of supply chain including storage, handling and logistics system.
- Experienced management team.
- Ensuring price, specifications, quantity and delivery schedule of the products.
How To Apply for Shiv Texchem Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.