Shiv Texchem Limited
Bookbuilding IPO · BSE
- Price band
- ₹158 - ₹166
- Lot size
- 800 shares
- Issue amount
- ₹101.35 cr
- Total subscription
- 156.63×
- Opens
- 8 Oct 2024
- Closes
- 10 Oct 2024
- Allotment
- 11 Oct 2024
- Listing
- 15 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 61,05,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,26,400
- Fresh issue
- ₹101.35 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,32,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,70,66,672
- Shares after issue
- 2,31,72,272
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 800 | ₹1,32,800 |
| HNI | 2 | 1,600 | ₹2,65,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 19.26 | 1,669.57 |
| RETAIL | 33.7 | 2,301.04 |
| NIB | 14.45 | 6,587.58 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 165.42 | 100.17 | 163.64 |
| ROE | 19.08 | 13.97 | 20.64 |
| ROCE | 26.88 | 20.98 | 22.75 |
| RONW | 19.08 | 13.97 | 20.64 |
| PRE IPO(PE) | 8.02 | 0 | 0 |
| POST IPO(PE) | 8.02 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Shiv Texchem Limited, founded in 2005, is a trusted importer and distributor of essential chemicals used in various industries. The company supplies key raw materials like Acetyls, Alcohol, Aromatics, and more, catering to sectors such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, and specialty polymers. It sources chemicals from global suppliers across China, Taiwan, South Korea, the USA, and Europe, ensuring smooth and timely delivery to Indian manufacturers. Some of its well-known customers include Apcotex Industries, Hemani Industries, and Gujarat Fluorochemicals. Over the past three years, Shiv Texchem has grown significantly, expanding its product range from 21 to 39 and its customer base from 400 to over 650. As of March 31, 2024, the company has a dedicated team of 50 permanent employees
Strengths
- Unique Business Approach: Provides complete retail and supply chain solutions, making operations smoother by bringing everything together.
- Wide Product Range: Offers a variety of products and serves many customers, working with a large network of suppliers to avoid reliance on just one market.
- Strong Customer Bonds: Maintains long-term relationships with customers, encouraging loyalty and repeat business.
Risk factors
- Revenue Dependence: The company earns a large share of its income from a few key products, so a drop in demand for these could affect its earnings.
- Industry Reliance: The business depends heavily on industries like paints, coatings, and agro-chemicals. If these sectors slow down, it could impact the company's growth.
- No Long-term Contracts: Since there are no long-term agreements with customers, losing major clients or facing lower demand could hurt the company's stability and finances.
Promoters
Vikas Pavankumar
Hemanshu S. Chokhani
Pavankumar Sanwaria Realty Private Limited
Hemanshu Syntex Private Limited
Registrar & documents
Lead manager
Vivro Financial Services Private Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Kamla Space, Unit no. 216, 2nd Floor Khira Nagar TPS III, S.V. Road, Santacruz (West) Mumbai - 400054
+91 96195 11788
[email protected]Company website ↗Understanding SHIVTEXCHEM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.