IPO

Shiv Texchem Ltd. IPO

Shiv Texchem Ltd., established in 2005, operates in the Chemicals - Speciality - Others sector. The company's IPO opened on October 8, 2024 and closed on October 10, 2024, with an issue price of ₹166. ... Read more

Min Investment
₹ 1,32,800 / 800 shares
Price Range
₹158 - ₹ 166
Bidding Dates
8 Oct '24 - 10 Oct '24
Total Issue Value
101.35 Cr
Lot Size
800
Total Issue Size
101.35 Cr
Listing At
BSE SME
Subscription
146.06 times
BSE Price
327.00 (96.99%)

IPO Timeline

  • 8 Oct 2024
    Bidding Starts
  • 10 Oct 2024
    Bidding Ends
  • 11 Oct 2024
    Allotment Finalization
  • 15 Oct 2024
    Listing

About Shiv Texchem Ltd.

Our Company 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 ... Read more

Parent organisation
Founded
Shiv Texchem Ltd.
2005

Shiv Texchem Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 17,40,000 (28.5%)
Market Makers 3,05,600 (5.01%)
Non Institutional Investors 8,70,000 (14.25%)
Qualified Institutional Buyers (QIBs) 11,60,000 (19%)
Retail Individual Investors (RIIs) 20,30,000 (33.25%)

Shiv Texchem Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 1,536.69 Cr 30.11 Cr 190.74 Cr
31 Mar 2023 1,118.67 Cr 16.03 Cr 121.16 Cr
31 Mar 2022 865.47 Cr 13.86 Cr 105.14 Cr

Shiv Texchem Ltd. Background

Our Company was originally incorporated as ‘Shiv Texchem Private Limited’ as a private limited company under the provisions of the Companies Act, 1956, pursuant to certificate of incorporation dated March 31, 2005, issued by Registrar of Companies, Maharashtra, Mumbai. ...

Subsequently, our Company was converted from a private limited company to a public limited company pursuant to special resolution passed by our shareholders at an Extra-Ordinary General held on June 11, 2024, and the name of our Company was subsequently changed to ‘Shiv Texchem Limited.’ A fresh certificate of incorporation consequent to conversion dated July 05, 2024, was issued by the Registrar of Companies bearing Corporate Identity Number U24110MH2005PLC152341.

Read more

Major Events And Milestones
  • 2005
    Incorporation of our Company ‘Shiv Texchem Private Limited’ as private limited company
    Started operation with sulphuric acid and caustic
    Achieved annual revenue of ₹1,000.00 lakhs
  • 2014
    Achieved annual revenue of ₹5,000.00 lakhs
    Consolidated position in sulphuric acid and caustic
  • 2019
    Achieved annual revenue of ₹20,000.00 lakhs
    Added new product viz., Phenol
    Received “Best Dealer” award from Grasim Limited
  • 2022
    Product portfolio crossed 20 products
  • 2023
    Achieved annual revenue of ₹1,00,000.00 lakhs
  • 2024
    Conversion of our Company from Private Limited to Public Limited Company
    Achieved annual revenue of ₹1,50,000.00 lakhs with portfolio of 39 products
    Expanded our presence in India
    Our Company undertook a bonus issue and allotted Equity Shares in the ratio 7:1 to our current shareholders
Shiv Texchem Ltd. Object of Issues

1. Utilization towards long term working capital requirements of our Company
2. General Corporate Purposes

Shiv Texchem Ltd. IPO Listing Details
Listing Date
15 Oct 2024
BSE Script Code
SHIVTEXCHE
ISIN
INE0YRO01015
Final Issue Price
₹ 166
Shiv Texchem Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price ₹ 166.00 -
Open ₹ 239.00 -
Low ₹ 227.05 -
High ₹ 250.95 -
Last Trade ₹ 250.95 -
Shiv Texchem Ltd. Company Promoters

1. Vikas Pavankumar
2. Hemanshu S. Chokhani
3. Neha Chokhani
4. Manjudevi Shyamsundar Chokhani
5. Shyamsundar Chokhani
6. Pavankumar Sanwaria Realty Private Limited
7. Hemanshu Syntex Private Limited

Industry Overview

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 ... Read more

Shiv Texchem Ltd. Contact Details
Address: Kamla Space, Unit no. 216, 2nd Floor Khira Nagar TPS III, S.V. Road, Santacruz (West), Mumbai Maharashtra - 400054
Phone no:9619511788
9619511788
|
Shiv Texchem Ltd. IPO Registrar
Link Intime India Pvt. Ltd.
C-101, 1st Floor, 247 Park, Lal Bahadur Shashtri Marg, Vikhroli (West), Mumbai Maharashtra - 400083
8108114949
Shiv Texchem Ltd. IPO Lead Manager(s)
Vivro Financial Services Private Ltd.
607/608, 6th Floor, Marathon Icon Veer Santaji Lane, Off Ganpatrao Kadam Marg, Opp. Peninsula Corporate Park, Lower Parel, Mumbai Maharashtra - 400013
66668040, 66668041, 66668042

FAQs

When does Shiv Texchem Ltd. IPO opens and closes?

Shiv Texchem Ltd. IPO opens from 8th October to 10th October 2024.

What is the size of Shiv Texchem Ltd. IPO?

The size of the Shiv Texchem Ltd. IPO is ₹101.35 Cr.

What is the price range of Shiv Texchem Ltd. IPO?

The price range of Shiv Texchem Ltd. IPO is at ₹158 to ₹166 per share.

What is the minimum investment and lot size required for the Shiv Texchem Ltd. IPO?

The minimum investment required is ₹1,32,800 and minimum lot size is 800 shares.

When is Shiv Texchem Ltd. IPO listing date?

The Shiv Texchem Ltd. IPO will be listed on 15th October 2024.

What is the objective of Shiv Texchem Ltd. IPO?

1. Utilization towards long term working capital requirements of our Company
2. General Corporate Purposes

Latest Updates

Shiv Texchem Limited To Launch Rs. 101.35 Crore IPO on BSE SMEs

Shiv Texchem Limited plans to conduct an IPO to raise Rs.101.35 crores by issuing 61.06 lakh new equity shares. The IPO will be up for subscriptions on October 8, 2024, and will conclude on October 10. The allotment is likely to be concluded on October 11, 2024, with a tentative listing date of October 15, 2024 on the BSE SMEs platform. The IPO price band is established at Rs.158 to Rs.166 per share. 

The IPO consists entirely of fresh equity shares, totaling  61.06 lakh shares. and assigns at least 35% of the net issue to retail investors, 15% to high-net-worth individuals (HNIs), and up to 50% to qualified institutional buyers(QIB). Retail investors can participate with a minimum lot size of 800 shares (Rs.132,800), while high net-worth individuals (HNIs) must invest in at least two lots 1,600 shares (Rs. 265,600).

Shiv Texchem Limited is a prominent importer and distributor of hydrocarbon-based secondary and tertiary chemicals. Established in 2005, the company supplies these essential raw materials to a wide range of industries. The company is led by a team of experienced professionals, including Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited, and Hemanshu Syntex Private Limited.

 

8 October 2024

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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