Shiv Texchem IPO Details
The Shiv Texchem IPO is set to open on October 8, 2024 and will close on October 10, 2024. This initial public offering aims to raise approximately ₹101.35 Crores and will be listed on the BSE SME platform. Investors are invited to subscribe within the price band of ₹158 to ₹166 per equity share.
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Face Value: | ₹10 per equity share |
| IPO Price Band: | ₹158 to ₹166 per share |
| Issue Size: | Approximately ₹101.35 Crores |
| Fresh Issue: | Approximately ₹101.35 Crores |
| Offer for Sale: | Approximately [.] Equity Shares |
| Issue Type: | Book Built Issue |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Shiv Texchem IPO Market Lot
The minimum market lot for investing in the Shiv Texchem IPO is set at 800 shares, which requires an application amount of ₹132,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹132,800 |
| Retail Maximum | 1 | 800 | ₹132,800 |
| S-HNI Minimum | 2 | 1,600 | ₹265,600 |
Shiv Texchem IPO Dates
The important dates for the Shiv Texchem IPO are as follows: the IPO opens on October 8, 2024 and closes on October 10, 2024. The allotment of shares will be determined on October 11, 2024, and refunds will be processed by October 14, 2024. The shares will be credited to the investors’ Demat accounts on the same day, with the listing scheduled for October 15, 2024.
| IPO Open Date: | October 8, 2024 |
| IPO Close Date: | October 10, 2024 |
| Basis of Allotment: | October 11, 2024 |
| Refunds: | October 14, 2024 |
| Credit to Demat Account: | October 14, 2024 |
| IPO Listing Date: | October 15, 2024 |
Promoters of Shiv Texchem IPO
The company is promoted by a strong team consisting of Vikas Pavankumar, Hemanshu S. Chokhani, and two entities, Pavankumar Sanwaria Realty Private Limited and Hemanshu Syntex Private Limited. Their combined expertise is expected to drive the company’s growth and operational efficiency.
About Shiv Texchem IPO
Shiv Texchem is a pioneering company in its sector, dedicated to producing high-quality products and driving innovation. The funds raised from this IPO will be utilized for long-term working capital requirements as well as for general corporate purposes.
Shiv Texchem IPO Financial Overview
Shiv Texchem demonstrated robust financial growth, reporting a revenue of ₹1536.69 crores in 2024, a significant increase from ₹1118.67 crores in 2023. The profit after tax also saw a rise, reaching ₹30.11 crores compared to ₹16.03 crores in 2023.
Amounts in ₹ Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹865.47 | ₹846.79 | ₹13.86 | ₹425.44 |
| 2023 | ₹1,118.67 | ₹1,097.13 | ₹16.03 | ₹602.35 |
| 2024 | ₹1,536.69 | ₹1,495.84 | ₹30.11 | ₹798.68 |
Shiv Texchem IPO Valuation – FY2024
In terms of valuations, the Shiv Texchem IPO has attractive metrics, including an Earning Per Share (EPS) of ₹20.68 (Basic). The Return on Equity (ROE) stands at 19.08%, while the Return on Capital Employed (ROCE) is an impressive 26.88%. Moreover, the Net Asset Value (NAV) is reported at ₹112.99.
| KPI | Values |
| ROE: | 19.08% |
| ROCE: | 26.88% |
| EBITDA Margin: | 3.90% |
| PAT Margin: | 1.96% |
| Debt to Equity Ratio: | 1.54 |
| Earning Per Share (EPS): | ₹20.68 (Basic) |
| Price/Earnings P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.08% |
| Net Asset Value (NAV): | ₹112.99 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
Objects of the Issue
- To meet long-term working capital requirements;
- For general corporate purposes.
Shiv Texchem IPO Review
The Shiv Texchem IPO is anticipated to attract significant interest from both retail and institutional investors. Here are the esteemed analysts that have provided their reviews:
- Canara Bank
- DRChoksey FinServ
- Emkay Global
- Hem Securities
- IDBI Capital
- Marwadi Shares
- Nirmal Bang
- SBICAP Securities
- Sharekhan
- SMC Global
- Sushil Finance
- Swastika Investmart
- Ventura Securities
- Geojit
- Reliance Securities
- Capital Market
- BP Wealth
- ICICIdirect
- Choice Broking
Shiv Texchem IPO Registrar
The registrar for the Shiv Texchem IPO is Link Intime India Private Ltd. If you have any inquiries, you can reach them at:
Link Intime India Private LtdPhone: +91-22-4918 6270
Email: [email protected]
Website: [Link Intime Website]
IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- ICICI Securities Limited
Company Address
Shiv Texchem Limited
Kamla Space, Unit no. 216,
2nd Floor Khira Nagar TPS III,
S.V. Road, Santacruz (West) Mumbai – 400054
Phone: +91 96195 11788
Email: [email protected]
Website: [Company Website]
Shiv Texchem IPO FAQs
What is Shiv Texchem IPO?
When will the Shiv Texchem IPO open for subscription?
What is the investor portion for the Shiv Texchem IPO?
How to apply for the Shiv Texchem IPO?
What is the issue size of the Shiv Texchem IPO?
What is the price band of the Shiv Texchem IPO?
What is the lot size for the Shiv Texchem IPO?
When will the allotment for the Shiv Texchem IPO be announced?
The allotment of shares for the Shiv Texchem IPO will be finalized on October 11, 2024.
What is the listing date for the Shiv Texchem IPO?
The listing date for the Shiv Texchem IPO is scheduled for October 15, 2024 on the BSE.
Note: The Shiv Texchem IPO details such as price band and dates are officially confirmed. The grey market premium will be updated as it becomes available.
