Shiv Texchem Ltd. was incorporated on March 31, 2005. The company primarily imports and distributes hydrocarbon-based chemicals, including acetyls, alcohols, aromatics, nitriles, monomers, glycols, phenolics, ketones, and isocyanates. These critical raw materials have applications across various industries, such as paints and coatings, printing inks, agro-chemicals, specialty polymers, pharmaceuticals, and industrial chemicals
| Bidding Dates |
|---|
| 08 Oct 2024 - 10 Oct 2024 |
| Subscription |
|---|
| 145.67x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,400 | 1 | 1 | 800 | 6.1 M | ₹158 - ₹166 | 73.65 % | ₹964.7 M - ₹1013.5 M | RHP DOC |
Shiv Texchem Ltd. IPO SUBSCRIPTION STATUS
10 Oct '24Shiv Texchem Ltd. IPO overall subscription rate was 145.67 times the total available shares
Shiv Texchem Ltd. IPO retail subscription rate was 90.7 times in the retail segment
Shiv Texchem Ltd. IPO non-institutional investor subscription rate was 605.9 times in the non-institutional investor category
Shiv Texchem Ltd. IPO Qualified Institutional Bidder subscription rate was 46.07 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Oct 2024 (Day 3) | 90.7x | 605.9x | 46.07x |
09 Oct 2024 (Day 2) | 19.32x | 21.47x | 1.71x |
08 Oct 2024 (Day 1) | 6.42x | 3.02x | 1.65x |
Shiv Texchem Ltd. 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 |
| Q1FY25 | 100.6 | 5,660.5 | 446.5 | 444.4 | 3.3% |
| FY24 | 301.1 | 15,349.0 | 583.4 | 582.3 | 3.9% |
| FY23 | 160.3 | 11,175.9 | -1,625.0 | -1,633.0 | 3.3% |
| FY22 | 138.6 | 8,586.6 | 282.5 | 279.1 | 2.7% |
Shiv Texchem Ltd. IPO SUBSCRIPTION STATUS DETAILS
Shiv Texchem Ltd. had 6.1 M shares on offer
Shiv Texchem Ltd. IPO offer price was in the range ₹158 - ₹166
Shiv Texchem Ltd. IPO minimum Investment was ₹126400
Shiv Texchem Ltd. IPO issue size was ₹ 964.7 M - ₹ 1013.5 M
Shiv Texchem Ltd. had a minimum lot size of 800 Shares per application
Shiv Texchem Ltd. NUMBER OF SHARES ON OFFER
Shiv Texchem Ltd. IPO IMPORTANT DATES
| Issue Open Date | 08 Oct 2024 |
| Issue close Date | 10 Oct 2024 |
| Allotment Date | 11 Oct 2024 |
| Refund Date | 14 Oct 2024 |
| Demat Account Credit Date | 14 Oct 2024 |
| Listing Date | 15 Oct 2024 |
| Listing on Exchange(s) | BSE |
| Shiv Texchem Ltd. Allotment Status | Exchange |
Shiv Texchem Ltd. IPO subscription opened on 08 Oct 2024, and closed on 10 Oct 2024
IPO allotment for Shiv Texchem Ltd. was finalized on Friday, 11 Oct 2024
IPO listing for Shiv Texchem Ltd. was on BSE on Tuesday, 15 Oct 2024
Shiv Texchem Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 166.0 |
| Listing Open Price | 239.0 |
| Listing Close Price | 250.9 |
| Listing Gain% | 44.0% |
| Current Gain% | -32.5% |
Shiv Texchem Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shiv Texchem Ltd. | 112 | 259.6 | 3.3 | 0.1 | 0.1 | 19 | 5.2 | 2782.1 | 26.2 | 77.8 | 61.7 | 33.6 | 61.7 |
| Gretex Industries Ltd. | 289 | 448.1 | 304.4 | -26.1 | 8 | 2.8 | 2.2 | 57.1 | 54.4 | 1.5 | 3.9 | 0.9 | -11.7 |
| Akiko Global Services Ltd. | 321.2 | 346 | 22.6 | 0.1 | 1.6 | 25.6 | 14.2 | 173 | 126.4 | 15.3 | 107.5 | 14.2 | 185.9 |
| Purple Wave Infocom Ltd. | 245.7 | 227.2 | 16.9 | 23.3 | 14.3 | 146.3 | 16 | 13.4 | 47.3 | 14.5 | |||
| Nanta Tech Ltd. | 407.6 | 209.1 | 25.6 | 16.3 | 10.2 | 70.2 | 36.9 | 8.2 | 74.5 | 15.9 | |||
| Ace Men Engg Works Ltd. | 108.7 | 140.4 | 116881.7 | 1112.5 | 0 | 0 | 0.1 | 2.9 | 0 | 106.2 | 0 | 105.1 |
Shiv Texchem Ltd. INFORMATION ON IPO ISSUE
About Shiv Texchem Ltd.
Shiv Texchem Ltd. was incorporated on March 31, 2005. The company primarily imports and distributes hydrocarbon-based chemicals, including acetyls, alcohols, aromatics, nitriles, monomers, glycols, phenolics, ketones, and isocyanates. These critical raw materials have applications across various industries, such as paints and coatings, printing inks, agro-chemicals, specialty polymers, pharmaceuticals, and industrial chemicals
Object of the Issue
- To meet long-term working capital requirements
- General corporate purposes
Shiv Texchem Ltd. - PROMOTERS
| Name |
|---|
| Vikas Pavankumar |
| Hemanshu S. Chokhani |
| Pavankumar Sanwaria Realty Private Limited |
| Hemanshu Syntex Private Limited |
Shiv Texchem Ltd. Lead Manager of the Issue
Vivro Financial Services Private Limited
investors@vivro.net
Shiv Texchem Ltd. Registrar to the issue
Link Intime India Private Limited
shivtexchem.smeipo@linkintime.in
Shiv Texchem Ltd. Strengths
Differentiated business model
Hydrocarbon availability is limited in India, yet the country has been one of the largest consumers of chemicals and petrochemical products in the Asia Pacific for the past 10 to 15 years. Utilizing an integrated research database and relationships with global hydrocarbon manufacturers, the company serves as a knowledge partner for customers to optimize their manufacturing and consumption plans
Product portfolio
As of March 31, 2024, the company’s product portfolio comprised around 39 products sourced from over 60 manufacturers and suppliers, distributed to more than 650 customers. This diversification across multiple industries and customers mitigates the risk of customer concentration, while the varied product portfolio helps counter seasonal trends and address different business cycles across the industries served
Storage solution
The company has established storage and handling agreements at Kandla, Mundra, JNPT, Mumbai, and Hazira ports, as well as contracted storage facilities to meet customer needs. With specialized facilities for sensitive chemicals and bulk storage tanks for hydrocarbon chains, the company is equipped to handle any requirement with precision and efficiency
Shiv Texchem Ltd. Risks
Dependent on transportation providers
The company depends on third-party transportation providers for the supply and distribution of its products. Any failure or delay in these transportation and logistics arrangements could materially affect its business, operations, and financial condition
Currency fluctuations
The company has partially hedged, or in some cases not hedged, its foreign currency exposure, which may negatively impact its business and financial condition due to fluctuations in foreign currency
Capital intensive
The company operates in a working capital-intensive business, requiring high levels of inventory and trade receivables, which necessitates substantial financing for operations. Its indebtedness and the conditions imposed by financing arrangements could adversely affect its ability to conduct business
IPO FAQs
The promoters of the company are Vikas Pavankumar, Hemanshu S. Chokhani, Pavankumar Sanwaria Realty Private Limited and Hemanshu Syntex Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 158.0 - 166.0.
The IPO application opens on Oct 08, 2024 and closes on Oct 10, 2024.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 126,400.0, the maximum value for this IPO is Rs 132,800.0.
This IPO will be allotted on Oct 11, 2024.
The refund will be credited to your account on Oct 14, 2024.
The allotted shares will be credited to your demat on Oct 14, 2024.
Shiv Texchem Ltd.’s shares listed on the stock exchanges on Oct 15, 2024.