October 15, 2024
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Shiv Texchem IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Shiv Texcheml listing Review
Will give detailed review on listing of this IPO
Shiv Texchem IPO allotment Link
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Subscription status of Shiv Texchem IPO
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Shiv Tex Chem IPO (Day 1) Price Rs. 166 Lot 800 shares, Rs.101.35 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 3.22 | 15.81 | 14.54 | 11.58 | 57327/ 22.59x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Shiv Texchem?
The company is focused on sourcing and supplying the diversified products which are critical raw materials and have applications across a wide spectrum of industry including paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products and specialty industrial chemicals. As of March 31, 2024, its product portfolio comprised around 39 products which were sourced from 60+ manufacturers and suppliers and distributed and supplied to over 650 customers.
Get more information about the company @ www.shivtexchem.com
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Shiv Texchem IPO Details |
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| IPO opens on | 8 October 2024 |
| IPO closes on | 10 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6105600 Shares / Rs 101.35 Crore |
| * Fresh Issue | 6105600 Shares / Rs 101.35 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 305600 Shares |
| Net offer to Public | 5800200 Shares/ Rs.96.28 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.158-166 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 2900100 | 48.14 |
| NII (15%) | 870030 | 14.44 |
| RII (35%) | 2030070 | 33.70 |
| Total Shares | 5800200 | 96.28 |
| Retail portion will be oversubscribed by |
2537 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 800 Shares | Rs.132800 |
| Min HNI Application | 1600 Shares | Rs.265600 |
Who are the Promoters of Shiv Texchem?
VIKAS PAVANKUMAR, HEMANSHU S. CHOKHANI, NEHA CHOKHANI, MANJUDEVI SHYAMSUNDAR CHOKHANI, SHYAMSUNDAR CHOKHANI, PAVANKUMAR SANWARIA REALTY PRIVATE LIMITED AND HEMANSHU SYNTEX PRIVATE LIMITED
What are the Objects of Shiv Texchem IPO?
The Offer comprises of fresh issue of shares.
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding Working capital requirements; and
- General Corporate Purpose.
Tentative timetable |
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| IPO opens on | 8 October 2024 |
| IPO Closes on | 10 October 2024 |
| IPO Allotment on | 11 October 2024 |
| Refund Initiation | 14 October 2024 |
| Credit of Shares | 14 October 2024 |
| Listing on | 15 October 2024 |
| Registered Office of the Company Kamla Space, Unit no. 216, 2nd Floor Khira Nagar TPS III, S.V. Road, Santacruz (West) NA Mumbai – 400054, Maharashtra, India |
| Who is the Lead Manager of this IPO? Vivro Financial Services Pvt ltd |
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Who is the Registrar to IPO? |
Shiv Texchem IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Shiv Texchem IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | – | |||
| 2022-23 | – | |||
| 2023-24 | ||||
| Book Value of the Share on 31.03.2024 |
Rs | – | ||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 166 | ||
IPO
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| Price/EPS of 23-24 | 20.24 |
| Price/BV Ratio | 4.64 |
| Price/BV after IPO | |
How Shiv Texchem IPO compares with the Peers?
There is no other listed company which is specifically comparable to us w.r.t our business model, size and financials.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Shiv Texchem IPO Review
The company is focused on sourcing and supplying the diversified products which are critical raw materials and have applications across a wide spectrum of industry including paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products and specialty industrial chemicals.
Size: Net size of the IPO is Rs.96.28 crore, comprising of 5800200 shares. IPO size is very large considering the recent trends. With 2537 applications, retail portion can get one time subscribed
Financial Snapshot: Being a reseller and trading company, the company has huge turnover and low bottomline. The business can easily be expanded with fresh dose of the capital. However, such category of the business, donot enjoy much fancy in the market. and hence may not command high PE mutiple on listing. Chances of listing at huge premium is low.
+ from fundamental angle: Not so attractive.
+ from grey market angle: ?
Quicklinks
Shiv Texchem IPO GMP today allotment, review?
Shiv Texchem IPO GMP grey market premium
Shiv Texchem IPO FAQs
What is Shiv Texchem IPO?
This is a SME IPO of 6105600 equity shares of the face value of Rs. 10 aggregating up to Rs.101.35 Crores. The issue is priced at Rs.158-166 per share. The minimum order quantity is 800 Shares.
When will Shiv Texchem IPO subscription open?
Shiv Texchem IPO opens on October 08, 2024, and closes on October 10, 2024.
What is the lot size of Shiv Texchem IPO?
Shiv Texchem IPO lot size is 800 Shares, and the minimum amount required is Rs.132800
How to apply for Shiv Texchem IPO?
You can apply in Shiv Texchem IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Shiv Texchem IPO allotment?
The finalization of Basis of Allotment for Shiv Texchem IPO will be done on October 10, 2024, and the allotted shares will be credited to your demat account by October 14, 2024.
When is Shiv Texchem IPO listing date?
Shiv Texchem IPO listing date is October 15, 2024.
