Shivam Chemicals Ltd. logo

Shivam Chemicals, incorporated on October 12, 2010, engages in the manufacturing of hydrated lime (calcium hydroxide) and the distribution of various products such as poultry feed supplement, di-calcium phosphate (feed grade), magnesium oxide, limestone powder, etc.

Bidding Dates
23 Apr 2024 - 25 Apr 2024
Subscription
6.32x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹132,0001130004.6 M₹4473 %₹201.8 MRHP DOC

Shivam Chemicals IPO SUBSCRIPTION STATUS

25 Apr '24
Total6.32x
Retail Individual Investor8.44x
HNI (NII) Investors4.21x
Qualified Institutional Buyers-

Shivam Chemicals IPO overall subscription rate was 6.32 times the total available shares

Shivam Chemicals IPO retail subscription rate was 8.44 times in the retail segment

Shivam Chemicals IPO non-institutional investor subscription rate was 4.21 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
25 Apr 2024
(Day 3)
8.44x4.21x-
24 Apr 2024
(Day 2)
2.87x1x-
23 Apr 2024
(Day 1)
1.23x0.68x-

Shivam Chemicals FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions) Margins
9MFY24 7.1 1,069.3 -4.0 -24.0 2.6%
FY23 35.7 1,565.2 59.2 -79.5 3.4%
FY22 44.4 1,779.4 -30.0 -30.9 3.6%
FY21 8.7 955.0 15.0 19.4 1.8%

Shivam Chemicals IPO SUBSCRIPTION STATUS DETAILS

Shivam Chemicals had 4.6 M shares on offer

Shivam Chemicals IPO offer price was ₹44

Shivam Chemicals IPO minimum Investment was ₹132000

Shivam Chemicals IPO issue size was ₹ 201.8 M

Shivam Chemicals had a minimum lot size of 3000 Shares per application

Shivam Chemicals NUMBER OF SHARES ON OFFER

Total4.6 M
Fresh Issue4.6 M
Offer for Sale0
Post Issue Promoter Holding %73 %

Shivam Chemicals IPO IMPORTANT DATES

Issue Open Date23 Apr 2024
Issue close Date25 Apr 2024
Allotment Date26 Apr 2024
Refund Date29 Apr 2024
Demat Account Credit Date29 Apr 2024
Listing Date30 Apr 2024
Listing on Exchange(s)BSE
Shivam Chemicals Allotment StatusExchange

Shivam Chemicals IPO subscription opened on 23 Apr 2024, and closed on 25 Apr 2024

IPO allotment for Shivam Chemicals was finalized on Friday, 26 Apr 2024

IPO listing for Shivam Chemicals was on BSE on Tuesday, 30 Apr 2024

Shivam Chemicals IPO LISTING GAINS

Issue Price (adjusted)44.0
Listing Open Price48.0
Listing Close Price47.4
Listing Gain%9.1%
Current Gain%228.1%

Shivam Chemicals Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Shivam Chemicals Ltd.144.4245.239.60.20.914.98.7285.926.86.2195.73.6195.7
LT Foods Ltd.391.31358820.76.41.113.86.911023.125.7625.43.318.93.2
Godrej Agrovet Ltd.55810736.624-13.1123.37.710338.59.7472.81023.2-1.8
KRBL Ltd.362.48296.110.90.31.411.29.86168.29.164836.133.140.4
Gujarat Ambuja Exports Ltd.143.7659212.90.11.19.27.35835.824.3304.32211.1147.1
Kaveri Seed Company Ltd.6633410.413.3-0.92.616.810.71424.113.8295.85.249.8-15.5

Shivam Chemicals INFORMATION ON IPO ISSUE

About Shivam Chemicals

Shivam Chemicals, incorporated on October 12, 2010, engages in the manufacturing of hydrated lime (calcium hydroxide) and the distribution of various products such as poultry feed supplement, di-calcium phosphate (feed grade), magnesium oxide, limestone powder, etc.


 

Object of the Issue

  1. Funding working capital requirements in the company.
  2. Investment in subsidiary Shivam Chemicals & Minerals to finance the augmentation of its working capital capabilities.
  3. General corporate purposes.

Shivam Chemicals - PROMOTERS

Name
Sanjiv Girdharlal Vasant
Soham Sanjiv Vasant
Shivam Sanjiv Vasant

Shivam Chemicals Lead Manager To The Issue

Aryaman Financial Services Limited

ipo@afsl.co.in

Shivam Chemicals Registrar to the issue

Cameo Corporate Services Limited

priya@cameoindia.com

Shivam Chemicals Strengths

In-house manufacturing

The company conducts in-house manufacturing operations through its subsidiary, Shivam Chemicals and Minerals, which it fully owns

Strength

Technological competitive advantage

The company utilises state-of-the-art machinery and proprietary Italian technology from Cimprogetti Lime Technologies, Italy, ensuring advanced manufacturing processes

Strength

Shivam Chemicals Risks

Concentrated customer base

The company relies heavily on a concentrated customer base, with a significant dependency on a few key clients for its revenue streams.

Risk

Negative cash flows

The company has experienced negative cash flows from operating activities, primarily due to increases in trade payables, decreases in trade receivables, and increases in loans and advances

Risk

IPO FAQs

  • The promoters of the company are Sanjiv Girdharlal Vasant, Soham Sanjiv Vasant and Shivam Sanjiv Vasant.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 44.0 - 44.0.
  • The IPO application opens on Apr 23, 2024 and closes on Apr 25, 2024.
  • The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
  • For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
  • This IPO will be allotted on Apr 26, 2024.
  • The refund will be credited to your account on Apr 29, 2024.
  • The allotted shares will be credited to your demat on Apr 29, 2024.
  • Shivam Chemicals Ltd.’s shares listed on the stock exchanges on Apr 30, 2024.