Shiv Texchem IPO: Open Date, Listing Date, Price Band, GMP, Allotment

Shiv Texchem IPO subscription opens from Tuesday, October 8, 2024, and closes on Thursday, October 10, 2024. It is a book-built issue of Rs 101.35 crores. This upcoming IPO is an entirely fresh issue of 61.06 lakh equity shares.

Shiv Texchem IPO price band is Rs 158 to Rs 166 per share. The minimum lot size set for the retail category is 800 shares. The minimum lot size requirement for the HNI category is 2 lots consisting of 1600 shares. The minimum amount required for retail investors is Rs 1,32,800 (166 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,65,600 (166 x 1600 shares).

Shiv Texchem IPO allotment is expected to be finalised on Friday, October 11, 2024. The listing will be on the BSE SME platform on Friday, October 15, 2024. Currently, Shiv Texchem IPO GMP is Rs 40 which indicates that the listing price is expected to be near Rs 206 per share.

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Shiv Texchem IPO: Listing Date, Lot Size, Issue Size, Price Band

Shiv Texchem IPO: About the Company

Shiv Texchem Limited founded in 2005, involved in the business of importing and distributing hydrocarbon-based secondary and tertiary chemicals, which are important raw materials for numerous industries.

Shiv Texchem imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals.

These secondary and tertiary chemicals are indispensable basic raw materials for various industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. The company procures these chemicals from international manufacturers and suppliers, distributes them to the domestic industry, and ensures sufficient and timely supplies to manufacturers.

Shiv Texchem IPO Objectives

Shiv Texchem IPO Objectives: The net proceeds from this IPO will be used for the funding of the long term capital needs of the company. The remaining money will be used for fulfilling the general corporate purposes.

Shiv Texchem IPO: Key Dates, Allotment, Listing Date

Shiv Texchem IPO Subscription Details, IPO Reservation

Shiv Texchem IPO subscription details will be available after the IPO opens on 4 october 2024. In the retail investor category 35% of the net offer is reserved and the remaining 50% of the net offer is reserved for the investors category like Qualified Institutional Buyers and 15% for Non-institutional investors.

Allotment Details of Shiv Texchem IPO

Shiv Texchem IPO Allotment details are not yet available. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available in the registrar website, Link Intime India Private Limited.

Shiv Texchem IPO GMP

Currently, Shiv Texchem IPO GMP (grey market premium) is trading at 40. The issue price of this latest IPO is set at Rs 166 per share. It is expected that the listing price can be near to Rs 206. However, if the subscription got oversubscribed then Shiv Texchem IPO GMP might rise in the coming days.

Lot Size Details of Shiv Texchem IPO

Shiv Texchem IPO lot size is set at 800 shares per lot. Investors can bid a minimum of 800 shares and its multiples. For the retail category, minimum and maximum bid is kept at 800 shares amounting to Rs 1,32,800. The minimum lot size for HNI is 2 lots which is 1600 shares. The minimum investment for the HNI category is Rs 2,65,600.

Promoter Holdings of Shiv Texchem IPO

Shiv Texchem IPO promoter holdings are Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited, and Hemanshu Syntex Private Limited. The promoters' shareholdings before the IPO were 100 %; however, after the IPO, shareholdings will decline.

Shiv Texchem Limited Company Financials (Amt in Lakhs)

Shiv Texchem Limited posted revenue of Rs 56,707.83 lakhs and net profit of Rs 1,005.89 lakhs for the period ending on 30 June 2024. The company’s revenue increased by 37% and PAT increased by 88% between the FY ending on 31 March 2024 and 31 March 2023.

Shiv Texchem IPO Registrar

Shiv Texchem IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on Link Intime India and select the name of the company and enter PAN number or application ID to know their allotment status.

Lead Managers of Shiv Texchem IPO Lead Managers

Shiv Texchem IPO lead managers are Vivro Financial Services Private Limited.

How to apply to Shiv Texchem IPO

Interested investors can apply to the Shiv Texchem IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Review of Shiv Texchem IPO

Shiv Texchem IPO is likely to get a positive response from the general public. The company is involved in the chemical sector. So, investors interested in the chemical sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Shiv Texchem IPO GMP will also rise.

Shiv Texchem IPO FAQs

1. What are the details of the Shiv Texchem IPO?

Shiv Texchem IPO It is a book-built issue of Rs 101.35 crores. This upcoming IPO is an entirely fresh issue of 61.06 lakh equity shares.

2. When will Shiv Texchem IPO open and close?

Shiv Texchem IPO subscription opens from Tuesday, October 8, 2024, and closes on Thursday, October 10, 2024.

3. What is Shiv Texchem IPO GMP?

Shiv Texchem IPO GMP (grey market premium) is trading at 40. The issue price of this latest IPO is set at Rs 166 per share. It is expected that the listing price can be near to Rs 206. However, if the subscription got oversubscribed then Shiv Texchem IPO GMP might rise in the coming days.

4. What are the details of Shiv Texchem IPO reservation?

Shiv Texchem IPO subscription details will be available after the IPO opens on 4 October 2024. In the retail investor category, 35% of the net offer is reserved, and the remaining 50% of the net offer is reserved for the investor's category, like Qualified Institutional Buyers, and 15% for Non-institutional investors.

5. Write the details of the IPO Allotment?

Shiv Texchem, IPO Allotment details, are not yet available. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available in the registrar website, Link Intime India Private Limited.

6. Who is the registrar and lead managers for Shiv Texchem IPO?

Shiv Texchem IPO Registrar, is Link Intime India Private Limited. The book-running lead manager for this IPO is Vivro Financial Services Private Limited. Investors can check the allotment status in the Link Intime India Private Limited official website.

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