Shiv Texchem’s IPO is a book-built issue valued at Rs 101.35 crores. The entire issue comprises a fresh offering of 61.06 lakh shares.
The Shiv Texchem IPO opens for subscription on October 8, 2024, and closes on October 10, 2024. The allotment of shares is expected to be finalized on Friday, October 11, 2024. The company plans to list on the BSE SME, with a tentative listing date set for Tuesday, October 15, 2024.
Shiv Texchem operates in the chemical sector. The company is primarily engaged in the import and distribution of hydrocarbon-based chemicals, including acetyls, alcohols, aromatics, nitriles, monomers, glycols, phenolics, ketones, and isocyanates. These chemicals are essential raw materials for various industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals.
The price band for the Shiv Texchem IPO is set between ₹158 and ₹166 per share. Investors must apply for a minimum lot size of 800 shares, requiring a minimum investment of ₹132,800 for retail investors. High-net-worth individuals (HNIs) must invest in at least 2 lots (1,600 shares), amounting to ₹265,600.
Vivro Financial Services Private Limited is the book-running lead manager for the Shiv Texchem IPO, while Link Intime India Private Ltd serves as the registrar. The market maker for the IPO is Rikhav Securities.
Shiv Texchem IPO Details:
| Company Name | Shiv Texchem Limited |
| Sector | Chemical |
| IPO Type | SME |
| IPO Open date | 08th Oct 2024 |
| IPO Close date | 10th Oct 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Shiv Texchem IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 800 | 1,32,800 |
| HNI (Min) | 2 | 1600 | 2,65,600 |
Shiv Texchem IPO Timeline:
| IPO Open Date | 08th Oct 2024 |
| IPO Close Date | 10th Oct 2024 |
| Basis of Allotment | 11th Oct 2024 |
| Refund Initiation Date | 14th Oct 2024 |
| Shares Credit to Demat | 11th Oct 2024 |
| Listing Date | 15th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Shiv Texchem’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Chemical Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Shiv Texchem and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
