April 30, 2024
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Shivam Chemicals IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Shivam Chemicals IPO Post Listing Review:
Listed at Rs. 48, premium of 9.09% over the issue price of Rs. 44. The listing has been much in line with expectations of the grey market players.
What was the last GMP of Shivam Chemicals IPO?*
Premium: Rs.2
Subject to Rs. 4600
Check Subscription status of Shivam Chemicals IPO
On 25 April 2024 @ 5.00 (Day 3) (Closed)
Review: Slow subscription trend on D3
NII: 2282000 Shares 4.33 T
RII: 2282000 Shares 8.88 T
Total: 4564000 Shares 6.61 T
What is the business of Shivam Chemicals?
The company is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor of various products such as Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc With rich experience and knowledge we have built a well-established marketing network across India and it distributes animal feed products for various well renowned manufacture over the years, it has successfully supplied an impressive quantity of over 2.50 Lakh metric tons of various products, reflecting its commitment to meeting the demands of the market. The cumulative value of these supplied products has exceeded INR 7,500 million, underscoring its financial significance in the sector. With an average monthly sales volume of 2,650 metric tons, it maintains a consistent presence and contribute to the steady flow of products in the market. Its journey began with a primary focus on animal feed supplement trading till FY 2022-23 and its evolution into manufacturing is happened through the establishment of a 100% owned subsidiary.
Its wholly owned subsidiary company Shivam Chemicals and Minerals Private Limited is located at Dahej Gujarat with a manufacturing capacity of 60,000 MT. They are engaged in manufacturing of Hydrated lime (Calcium hydroxide) product.
Get more information about the company @ https://www.shivamchem.com/
| Shivam Chemicals IPO Details | |
| IPO opens on | 23 April 2024 |
| IPO closes on | 25 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4587000 Shares /Rs 20.18 Crore |
| * Fresh Issue | 4587000 Shares /Rs 20.18 Crore |
| * Offer for Sale | – |
| Market Maker Portion | 231000 Shares |
| Net offer to Public | 4564000 Shares/Rs.20.08 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 44 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | BSE SME |
| Shares offered in Shivam Chemicals IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 2282000 | 10.04 |
| RII (50%) | 2282000 | 10.04 |
| Total Shares | 4564000 | 20.08 |
| Retail portion will be oversubscribed by | 761 | |
| Forms | ||
| How much Shares to Apply in Shivam Chemicals IPO? | ||
| Min Retail Application | 3000 Sh | Rs.132000 |
| Min HNI Application | 6000 Sh | Rs.264000 |
Who are the Promoters of Shivam Chemicals IPO?
The promoters of the company are Sanjiv Girdharlal Vasant, Soham Sanjiv Vasant and Shivam Sanjiv Vasant.
What are the Objects of Shivam Chemicals IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects.
Funding Working capital requirements in our Company;
Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities
General Corporate Purpose
| Shivam Chemicals IPO Tentative timetable | |
| IPO opens on | 23 April 2024 |
| IPO Closes on | 25 April 2024 |
| IPO Allotment on | 26 April 2024 |
| Refund Initiation | 29 April 2024 |
| Credit of Shares | 29 April 2024 |
| Listing on | 30 April 2024 |
| Registered Office of the Company Shivam Chemicals Limited Office No. 108, 1st Floor, Hubtown Solaris Off N.S.Phadke Marg, Saiwadi, Andheri (E), Mumbai,-400069 |
| Who is the Lead Manager of Shivam Chemicals IPO? Aryaman Financial Services ltd |
| Who is the Registrar to IPO? Cameo Corporate Services Limited |
| Shivam Chemicals IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | – | – |
| 2021-22 | – | – | – | – |
| 2022-23 | 156.58 | 3.87 | 2.88 | 26.90 |
| Book Value of the Share on | 31.03.2023 | Rs 10.72 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 44 | |||
| Shivam Chemicals IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 15.28 |
| Price/BV Ratio | 4.10 |
| Upper price/BV after IPO | ? |
How Shivam Chemicals IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Shivam Chemicals | 10 | 157 15.28 | |
| Narmada Agrobase | 10 | 50 | 48.96 |
| Godrej Agrovet | 10 | 9374 | 34.33 |
# 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.
Shivam Chemicals IPO To the point Guidance
The company is a manufacturer of Hydrated Lime (Calcium Hydroxide) & a distributor of various products such as Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, etc With rich experience and knowledge we have built a well-established marketing network across India and it distributes animal feed products for various well renowned manufacture over the years,
Size: The net size of the IPO is Rs.20.08 Cr comprising of 4564000 shares. With 761 applications, retail portion will get one time subscribed. Reasonably good subscription is expected.
Financial Snapshot: The company has impressive topline and bottomline during 2022-23. The shares are offered at PE multiple of 15.26, which we believe is reasonable and there is room for listing gains. We recommend APPLY for this IPO.
Quicklinks
Shivam Chemicals IPO GMP today details?
Shivam Chemicals IPO
Shivam Chemicals IPO FAQs
What is Shivam Chemicals IPO?
Shivam Chemicals is a SME IPO of 4587000 equity shares of the face value of Rs. 10 aggregating up to Rs.20.18 Crores. The issue is priced at Rs.44 per share. The minimum order quantity is 3000 Shares.
When will Shivam Chemicals IPO open?
Shivam Chemicals IPO opens on April 23, 2024, and closes on April 25, 2024.
What is the lot size of Shivam Chemicals IPO?
Shivam Chemicals IPO lot size is 3000 Shares, and the minimum amount required is Rs.132000.
How to apply for Shivam Chemicals IPO?
You can apply in Shivam Chemicals 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 Shivam Chemicals IPO allotment?
The finalization of Basis of Allotment for Shivam Chemicals IPO will be done on April 26, 2024, and the allotted shares will be credited to your demat account by April 29, 2024.
When is Shivam Chemicals IPO listing date?
Shivam Chemicals IPO listing date is April 30, 2024.
