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SHIV TEXCHEM LIMITED

SME

Issue Price

₹ 158-₹ 166

per equity share

Issue Size

43.66 lakhs

equity share

Face Value

per equity share

Market Lot

800

equity share

Please note

Listing at BSE

SHIV TEXCHEM LIMITED

Important Dates

IPO Open Date

08 Oct 2024

IPO Close Date

10 Oct 2024

Allotment Date

11 Oct 2024

Initiation of Refunds

14 Oct 2024

Credit of Shares to Demat Account

14 Oct 2024

IPO Listing Date

15 Oct 2024

UPI Mandate Expiry Date

10 Oct 2024

IPO Details

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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About SHIV TEXCHEM LIMITED

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.

Parent Organisation

-

Founded

2005

Managing Director

Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited, and Hemanshu Syn

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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