Shivam Chemical Limited is going public with its initial public offering starting on 23 April 2024. The company plans to raise ₹20.18 crores through the IPO issue. Interested investors looking for Shivam Chemicals Limited IPO details keep reading the article.
Shivam Chemicals Limited IPO
Shivam Chemicals Limited will open IPO for subscription on 23 April 2024 and close out on 25 April 2024. The company plans to use the funds generated through the IPO to manage working capital requirements and invest in the company subsidiary – Shivam Chemicals and Minerals Pvt. Ltd.
The allotment of the Shivam Chemicals Limited IPO shares will commence on 26 April 2024. The initiation of refunds for the subscribed shares during the IPO that did not get allotted in the allotment of shares will proceed on 29 April 2024.
Shivam Chemical plans to list the shares after the IPO issue on BSE Small-Medium Enterprise (SME) on 30 April 2024. Here, mark the important dates of upcoming Shivam Chemicals Limited IPO Events:
| Date | Shivam Chemicals Limited IPO Events |
| 23 April 2024 | IPO Opens |
| 25 April 2024 | IPO closes |
| 26 April 2024 | Allotment of IPO |
| 29 April 2024 | Refund Initiation |
| 30 April 2024 | Listing Date |
| 25 April 2024 | UPI Mandate Confirmation |
Shivam Chemicals Limited IPO Details
The upcoming IPO issue of Shivam Chemicals Limited is the first public issue of the company with the fresh issue of 45,87,000 equity shares that aggregate up to ₹20.18 crores.
The fixed price issue of Shivam Chemicals Limited is made under Regulation 229(2) of SEBI ICDR regulation. The price band of the Shivam Chemicals Limited IPO is fixed at ₹44 per equity share with a face value of ₹10 per equity share.
The minimum lot market size of the Shivam Chemicals issue contains 3000 shares for application. The market maker of Shivam Chemicals, Shreni Shares, possesses 231,000 shares (5%) of the IPO issue.
According to the Shivam Chemicals IPO prospectus, the promoters of the Shivam Chemicals Shivam Sanjiv Vasant, Sanjiv Girdharlal Vasant, and Soham Sanjiv Vasant hold 99.99% of shares before the issue, which will be diluted to 73% after the IPO issue.
The registrar of the Shivam Chemicals IPO decided after the IPO pitch is Cameo Corporate Services Limited and the book-running lead manager is Aryaman Financial Services Limited.
| Company | Shivam Chemicals Limited |
| IPO Type | Fixed Price Issue |
| IPO issue Size | 45,87,000 equity shares (matches up to ₹20.18 Crore) |
| Face Value | ₹10 per equity share |
| Price Band | ₹44 per equity share |
| Lot Size | 3000 |
| Fresh Issue | 45,87,000 equity shares (matches up to ₹20.18 Crore) |
| OFS | Nil |
| Listing at | BSE SME |
| Market Maker Shares | 5.0% (231,000 shares) |
Shivam Chemicals Limited IPO Reservation and Lot Size
According to the Shivam Chemicals IPO prospectus, the company has reserved the net issue shares for the investor category in the following manner:
| Investor Category | Shares Offered |
| Retails | 50% of the net issue |
| Other investors | 50% of the offered shares |
The minimum lot market size of the Shivam Chemicals IPO issue is 3000 shares, which multiply thereby slots. As per the IPO prospectus, a retail investor would need a minimum investment of ₹132,000 for the subscription of IPO shares in one Lot size.
Here’s the full description of the Lot size distribution of the Shivam Chemicals IPO for the investor categories:
| Investor Category | Lots | Shares | Amount |
| Retail (min.) | 1 | 3000 | ₹132,000 |
| Retail (max.) | 1 | 3000 | ₹132,000 |
| HNI (min.) | 2 | 6000 | ₹264,000 |
Shivam Chemicals Limited Financial Information
The Shivam Chemicals Limited products include Hydrated Lime, Poultry Feed Supplements, Limestone powder, Di-calcium Phosphate, and more. The company has a large base of customers with 2650 metric tons of an average sales volume.
It has made its name in Chemical distribution and manufacturing at domestic as well as international levels. The financial performance of Shivam Chemicals has been steady as the company made a revenue of ₹10,710.70 lakhs on 31 Dec 2023 financial data. The consolidated financial information (in Lakhs) of Shivam Chemicals Limited is as follows:
| Financial Indicators | 31 Dec 2023 | 31 Mar 2023 |
| Revenue | 10,710.70 | 15658.34 |
| Net Worth | 1500 | 1,328.35 |
| PAT | 70.79 | 357.44 |
| Assets | 3881.92 | 3117.11 |
| Total Borrowing | 1638.20 | 1351.37 |
| Reserves and Surplus | 159.64 | 1288.85 |
The company has engaged in minerals and poultry products, which is a highly fragmented market, so the longer-run profit is in question. Your decision to bid for Shivam Chemicals IPO on 23 April 2024 should be based on your research, so analyze every aspect of the company and the market, then invest.
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