Shiv Texchem Ltd IPO

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.

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50years

Shiv Texchem Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 61.06 LTBA₹ 20.3 L₹ 170.67 LBSE₹ 101.35 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
08 Oct, 2410 Oct, 24800 ₹ 1,26,400 Book Building - SME15 Oct, 24

Shiv Texchem Ltd IPO Dates

  • 08 Oct 2024

    Opening date

  • 10 Oct 2024

    Closing date

  • 11 Oct 2024

    Basis of
    Allotment

  • 14 Oct 2024

    Initiation of
    Refunds

  • 14 Oct 2024

    Credit of
    Shares

  • 15 Oct 2024

    Listing date

Details

SectorType
SectorTrading
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x29000000
NII0x8700000
Retail0x20300000
Employee0x00
Total0x61056000

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)FY23FY22FY21
Revenue from operations41.0421.7518.78
EBITDA41.2321.9518.88
PAT30.1116.0313.86
Total Assets796.97600.72422.73
Share Capital2.131.601.60
Total Borrowings263.62251.1470.06
Operating Activities (Net Cash)30.3016.2313.96
Investing Activities (Net Cash)0.000.010.01
Financing Activities (Net Cash)263.62251.1470.06
Net Cashflow180.68133.79103.62

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.

Get your FAQs right

Shiv Texchem Ltd's IPO offers shares for up to ₹ 0 L It begins on Oct 8, 2024 and ends on Oct 10, 2024.

The price of Shiv Texchem Ltd IPO ranges between ₹158 to ₹166 per share.

The Shiv Texchem Ltd IPO opens on Oct 8, 2024 and closes on Oct 10, 2024.

The allotment for the Shiv Texchem Ltd IPO will be finalised on Oct 11, 2024. The shares will be listed on BSE and NSE on Oct 15, 2024.

The minimum lot size for Shiv Texchem Ltd IPO is 800 shares, priced between ₹158 to ₹166 per share.

The GMP (Grey Market Premium) of Shiv Texchem Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Shiv Texchem Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Shiv Texchem Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 8, 2024, and closes on Oct 10, 2024. The allotment is finalised on Oct 11, 2024.

To apply for the Shiv Texchem Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.