Shiv Texchem Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 2,899,200 (47%) | — | ₹4,813 Cr |
| NII (HNI) | — | 870,400 (14%) | — | ₹1,445 Cr |
| Retail | — | 2,030,400 (33%) | — | ₹3,370 Cr |
| Market Maker | — | 305,600 (5%) | — | ₹51 Cr |
| Σ Total | — | 6,105,600 (100%) | — | ₹101,353 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,800 |
| Retail (Max) | 13 | 10,400 | ₹1,726,400 |
| S-HNI (Min) | 14 | 11,200 | ₹1,859,200 |
| B-HNI (Min) | 67 | 53,600 | ₹8,897,600 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 56,708 | 153,669 | 111,867 |
| Profit After Tax | 1,006 | 3,011 | 1,603 |
| Net Worth | 20,294 | 19,288 | 12,276 |
| Total Assets | 85,483 | 79,868 | 60,235 |
| Reserves & Surplus | 20,080 | 19,074 | 12,116 |
| Total Borrowing | 27,086 | 29,665 | 32,914 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet long-term working capital requirements; and –
- General Corporate Purposes. –
Company Overview
Established in 2005, Shiv Texchem Limited imports and distributes hydrocarbon-based secondary and tertiary chemicals, which are important raw materials for numerous industries.
The company imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. These secondary and tertiary chemicals are indispensable basic raw materials for various industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. The company procures these chemicals from international manufacturers and suppliers, distributes them to the domestic industry, and ensures sufficient and timely supplies to manufacturers.
Some of the company's customers include Apcotex Industries Limited, Hemani Industries Limited and Gujarat Fluorochemicals Limited. The company sources these chemicals from several countries including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy.
Over the last three financial years, the company has expanded its product portfolio from 21 products in the financial year 2022 to 39 products in the financial year 2024. The company's customer base has also grown from over 400 customers in the 2022 financial year to over 650 customers in the 2024 financial year.
As of March 31, 2024, Shiv Texchem had 50 permanent employees.
Competitive strengths:
- A differentiated business model with comprehensive and integrated retail and supply chain solutions
- Well-diversified product portfolio, customer base with extensive supplier network
- Long-standing and active relationships with customers
- Experienced, dedicated and qualified management team with extensive knowledge of the hydrocarbon-based chemical industry
- Focus on providing storage solutions and consistent financial performance