19-Apr-2024
2 mins read
Shivam Chemicals IPO is open for subscription starting Tuesday, April 23, 2024, and closing on Thursday, April 25, 2024. The price of this upcoming IPO is decided at Rs 44 per share. The minimum lot size of this application for the retail category is 3000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 6000 shares. The minimum investment required for retail category investors is Rs 1,32,000 (44 x 3000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,64,000 (44 x 6000 shares). Shivam Chemicals IPO is a fixed price issue of Rs 20.18 crores. This upcoming IPO is a fresh issue of 45.87 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, April 26, 2024. Shivam Chemicals IPO will be listed on BSE SME, and the listing date is fixed on Tuesday, April 30, 2024. The book-running lead manager of Shivam Chemicals IPO is Aryaman Financial Services Limited. The registrar for this IPO is Cameo Corporate Services Limited. The market maker of this issue is Shreni Shares.
About Shivam Chemicals Limited
Shivam Chemicals Limited incorporated in 2010, produces Hydrated Lime and distributes various projects including Poultry feed supplement, Di-Calcium Phosphate , Magnesium Oxide, Limestone powder and more. The company has a robust marketing network which helps to over 2.50 lakh metric tons of products, exceeding Rs 7500 million in cumulative value. With a monthly average sales volume of 2,650 metric tons. Company maintains a consistent presence and contributes to the steady flow of products in the market. The company is a global player and one of the most trusted names in chemical manufacturing and distribution. Shivam Chemicals and Mineral Private Limited is a wholly owned subsidiary of Shivam Chemicals located in Dahej, Gujarat with a manufacturing capacity of 60,000 MT. The product portfolio of the company are Poultry Feed Supplement, Di-Calcium Phosphate, Mono-Calcium Phosphate, Soya-De Oiled Cake, Magnesium Oxide, Limestone Powder etc.
Objectives of Shivam Chemicals IPO Issue
The net amount received from the issue will be used for managing the Working Capital expenses of the company. Also, for the investment is subsidiary - Shivam Chemicals and Minerals Private Limited. Other than this, general corporate purposes will also be met.
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Financials of Shivam Chemicals Limited (Amt in Rs Lakhs)
Shivam Chemicals posted a revenue of Rs 10,710.70 lakhs and net profit of Rs 70.79 lakhs for the period ending on 31 December 2023. However, for the period ending on 31st March 2023, the company posted a revenue of Rs 15,658.34 lakhs and PAT of Rs 357.44 lakhs.
| Period Ended | 31-Dec-23 | 31-Mar-23 |
| 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 |
Other Important Details of Shivam Chemicals IPO
| IPO Date | April 23, 2024 to April 25, 2024 |
| Listing Date | 30-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 44 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 4,587,000 shares amounting to Rs 20.18 crore |
| Fresh Issue | 4,587,000 shares amounting to Rs 20.18 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 12,400,000 |
| Shareholding post issue | 16,987,000 |
| Market Maker portion | 231,000 shares |
Time-Table of Shivam Chemicals IPO
| 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 | 5 PM on April 25, 2024 |
Lot Size of Shivam Chemicals IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 3000 | Rs 132,000 |
| Retail - maximum | 1 | 3,000 | Rs 132,000 |
| HNI - minimum | 2 | 6,000 | Rs 264,000 |
IPO Reservation of Shivam Chemicals Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Shivam Chemicals Limited IPO
| KPI | Values |
| ROE | 5.13% |
| ROCE | 6.19% |
| Debt/Equity | 1.17 |
| RoNW | 5.06% |
| P/BV | 3.9 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.28 | 0.56 |
| P/E | 15.26 | 79.19 |
Promoters of Shivam Chemicals Limited and Their Holdings
The promoters of Shivam Chemicals company are Sanjiv Girdharlal Vasant, Soham Sanjiv Vasant and Shivam Sanjiv Vasant.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 73.17 percent |
Lead Manager(s) of Shivam Chemicals IPO
The lead manager for Shivam Chemicals IPO is Aryaman Financial Services Limited.
How do you apply for the Shivam Chemicals IPO?
Wait for the public issue to open for subscription, then click here to apply for the Shivam Chemicals Limited IPO with Bigul.
How do you check the allotment status of Shivam Chemicals IPO?
The registrar for Shivam Chemicals IPO is Cameo Corporate Services Limited. To check your allotment status, please click here.
FAQs
1. What is the Shivam Chemicals IPO?
Shivam Chemicals IPO is a fixed price issue of Rs 20.18 crores. This upcoming IPO is a fresh issue of 45.87 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Friday, April 26, 2024.
2. Who are the lead managers for the Shivam Chemicals Limited IPO?
Aryaman Financial Services Limited is appointed as the lead manager for the IPO.
3. What is the role of Cameo Corporate Services Limited in this IPO?
Cameo Corporate Services Limited is the registrar for Shivam Chemicals Limited, handling the IPO's administrative aspects.
4. How can I apply for the Shivam Chemicals IPO?
The public subscription of this new IPO will open on April 23, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The net amount received from the issue will be used for managing the Working Capital expenses of the company. Also, for the investment is subsidiary - Shivam Chemicals and Minerals Private Limited. Other than this, general corporate purposes will also be met.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Shivam Chemicals Limited IPO by visiting here. For further updates follow Bigul.
7. What is the financial performance of Shivam Chemicals Limited?
Shivam Chemicals posted a revenue of Rs 10,710.70 lakhs and net profit of Rs 70.79 lakhs for the period ending on 31 December 2023. However, for the period ending on 31st March 2023, the company posted a revenue of Rs 15,658.34 lakhs and PAT of Rs 357.44 lakhs.
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