Shivchem Agro Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 1.00x | 108,000 | 108,000 | ₹1 Cr |
| NII (HNI) | 1.00x | 1,014,000 | 1,018,000 | ₹6 Cr |
| Retail | 3.50x | 1,024,000 | 3,588,000 | ₹6 Cr |
| Market Maker | — | 114,000 | — | ₹1 Cr |
| Σ Total | 2.20x | 2,146,000 | 4,714,000 | ₹13 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 | 2,000 | ₹124,000 |
| Retail (Max) | 13 | 26,000 | ₹1,612,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,736,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,308,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 34 | 28 | 11 |
| EBITDA | 6 | 4 | 2 |
| Profit After Tax | 3 | 3 | 1 |
| Net Worth | 13 | 10 | 2 |
| Total Assets | 45 | 36 | 16 |
| Reserves & Surplus | 10 | 7 | 1 |
| Total Borrowing | 7 | 8 | 7 |
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
- Funding the working capital requirements of the Company – 6.90
- Repayment/prepayment, in full or part, of certain loans availed by Company – 3.50
- General Corporate Purposes –
Company Overview
Incorporated in September 2021, Shivchem Agro Limited is an agrochemical company engaged in the manufacturing, stocking, distribution and sale of agricultural formulations.The Company offers a diversified portfolio of insecticides, fungicides, herbicides, plant growth regulators, rodenticides and fertilizers. As of the date of the Red Herring Prospectus, the Company is licensed to manufacture 176 agrochemical products, including 88 insecticides, 40 fungicides, 37 herbicides, 8 plant growth regulators and 3 rodenticides. It also has authorization for manufacturing 82 fertilizers, of which it currently manufactures 8.
The Company is licensed to sell, stock, exhibit and distribute its products across eight states in India and, as of March 31, 2026, had 685 distributors supported by five godowns. Its manufacturing facility in Jhajjar is equipped with machinery for agrochemical production and includes an Effluent Treatment Plant and Wet Scrubber Unit for managing wastewater and air emissions.
The Company is ISO 9001:2015, ISO 22000:2018 and ISO 31000:2018 certified and provides crop protection solutions through the manufacturing, supply and distribution of solid and liquid formulations. Its product portfolio is supported by on-field product demonstrations and a distribution network serving multiple agricultural markets.
As of March 31, 2026, the Company had 66 permanent employees, with the largest workforce deployed across sales and marketing, manufacturing and operations, accounts and finance, and field functions.
Competitive Strengths
- Diversified Product Portfolio.
- Large and Diverse Distributor Network.
- Automated Filling and Packaging Infrastructure.
- Strong On-Field Product Demonstration Capabilities.
- Manufacturing Facility with Diverse Product Capabilities.