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Shivam Chemicals IPO is a fixed price issue of Rs 20.18 crores. The issue is entirely a fresh issue of 45.87 lakh shares.
Shivam Chemicals IPO bidding started from April 23, 2024 and ended on April 25, 2024. The allotment for Shivam Chemicals IPO was finalized on Friday, April 26, 2024. The shares got listed on BSE SME on April 30, 2024.
Shivam Chemicals IPO price is ₹44 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹264,000.
Aryaman Financial Services Limited is the book running lead manager of the Shivam Chemicals IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Shivam Chemicals IPO is Shreni Shares.
Refer to Shivam Chemicals IPO RHP for detailed information.
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | April 30, 2024 |
| Face Value | ₹10 per share |
| Price | ₹44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,587,000 shares (aggregating up to ₹20.18 Cr) |
| Fresh Issue | 4,587,000 shares (aggregating up to ₹20.18 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 12,400,000 |
| Share holding post issue | 16,987,000 |
| Market Maker portion | 231,000 shares Shreni Shares |
Shivam Chemicals IPO offers 4,587,000 shares. 2,178,000 (47.48%) to NII, 2,178,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 231,000 (5.04%) |
| Other Shares Offered | 2,178,000 (47.48%) |
| Retail Shares Offered | 2,178,000 (47.48%) |
| Total Shares Offered | 4,587,000 (100%) |
Shivam Chemicals IPO opens on April 23, 2024, and closes on April 25, 2024.
| IPO Open Date | Tuesday, April 23, 2024 |
| IPO Close Date | Thursday, April 25, 2024 |
| Basis of Allotment | Friday, April 26, 2024 |
| Initiation of Refunds | Monday, April 29, 2024 |
| Credit of Shares to Demat | Monday, April 29, 2024 |
| Listing Date | Tuesday, April 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 25, 2024 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹132,000 |
| Retail (Max) | 1 | 3000 | ₹132,000 |
| HNI (Min) | 2 | 6,000 | ₹264,000 |
| Lot Size Calculator | |||
The promoters of the company are Sanjiv Girdharlal Vasant, Soham Sanjiv Vasant and Shivam Sanjiv Vasant.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.00% |
Incorporated in October 2010, Shivam Chemicals Limited produces Hydrated Lime (Calcium Hydroxide) and distributes various products including Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, and more. The company has supplied over 250,000 metric tons of various products.
The product portfolio of the company includes:
Shivam Chemicals and Minerals Private Limited is a wholly owned subsidiary located in Dahej, Gujarat, with a manufacturing capacity of 60,000 MT. It specializes in producing hydrated lime (calcium hydroxide).
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
| Assets | 3,881.92 | 3,117.11 |
| Revenue | 10,710.70 | 15,658.34 |
| Profit After Tax | 70.79 | 357.44 |
| Net Worth | 1,399.64 | 1,328.35 |
| Reserves and Surplus | 159.64 | 1,288.85 |
| Total Borrowing | 1,638.20 | 1,351.37 |
| Amount in ₹ Lakhs | ||
The market capitalization of Shivam Chemicals IPO is Rs 74.74 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 5.13% |
| ROCE | 6.19% |
| Debt/Equity | 1.17 |
| RoNW | 5.06% |
| P/BV | 3.9 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.88 | 0.56 |
| P/E (x) | 15.26 | 79.19 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects.
[Dilip Davda] The company is engaged in distributing animal feed/poultry products and is also in the manufacturing of hydrated lime. It is in a highly competitive and fragmented segment. It has marked inconsistency in its top and bottom lines and FY23 onwards, it posted declining trends in its revenue and profits. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
The Shivam Chemicals IPO is subscribed 6.61 times on April 25, 2024 7:02:06 PM. The public issue subscribed 8.88 times in the retail category, times in the QIB category, and 4.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 4.33 |
| Retail | 8.88 |
| Total | 6.61 |
Total Application : 7,689 (10.59 times)
| Listing Date | April 30, 2024 |
| BSE Script Code | 544165 |
| NSE Symbol | |
| ISIN | INE0SGR01013 |
| Final Issue Price | ₹44 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹44.00 |
| ₹48.00 |
| ₹45.60 |
| ₹50.40 |
| ₹47.40 |
Shivam Chemicals Limited
Office No. 108, 1st Floor, Hubtown Solaris
Off N.S.Phadke Marg,
Saiwadi, Andheri (E), Mumbai,-400069
Phone: +91 98199 68855
Email: info@shivamchem.com
Website: https://www.shivamchem.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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Shivam Chemicals IPO is a SME IPO of 4,587,000 equity shares of the face value of ₹10 aggregating up to ₹20.18 Crores. The issue is priced at ₹44 per share. The minimum order quantity is 3000 Shares.
The IPO opens on April 23, 2024, and closes on April 25, 2024.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shivam Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Shivam Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shivam Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shivam Chemicals IPO opens on April 23, 2024 and closes on April 25, 2024.
Shivam Chemicals IPO lot size is 3000 Shares, and the minimum amount required is ₹132,000.
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.
The finalization of Basis of Allotment for Shivam Chemicals IPO will be done on Friday, April 26, 2024, and the allotted shares will be credited to your demat account by Monday, April 29, 2024. Check the Shivam Chemicals IPO allotment status.
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