Shiv Texchem IPO Key Dates, Price Band, GMP – Shiv Texchem’s IPO opens on October 8, 2024, and closes on October 10, 2024. Shiv Texchem’s IPO is a Book Built Issue. The firm plans to raise approximately ₹101.35 crores through an IPO, which includes a fresh issue of ₹101.35 crores and an offer for sale of up to [.] equity shares having a face value of ₹10 apiece. Shiv Texchem’s IPO price range is ₹158-₹166 per share. The retail quota is 35%, QIB 50%, and HNI 15%. Shiv Texchem’s IPO will be listed on the BSE on October 15, 2024. Shiv Texchem’s allotment date for its IPO is October 11, 2024.
Shiv Texchem IPO Details
| IPO Open Date | October 8, 2024 |
| IPO Close Date | October 10, 2024 |
| Listing Date | Tuesday, October 15, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹158 to ₹166 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 6,105,600 shares
(aggregating up to ₹101.35 Cr) |
| Fresh Issue | 6,105,600 shares
(aggregating up to ₹101.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
Shiv Texchem Financials
Shiv Texchem Limited’s revenue climbed by 37% and profit after tax (PAT) increased by 88% between the fiscal years ended March 31, 2024 and March 31, 2023.
| FY 2024 | |
| Assets | 79,868.05 |
| Revenue | 1,53,668.79 |
| Profit After Tax | 3,011.3 |
| Net Worth | 19,287.69 |
About the Company – Shiv Texchem
Shiv Texchem specializes in the import and delivery of hydrocarbon-based chemicals such as acetyls, alcohol, aromatics, nitriles, monomers, glycols, phenolics, ketones, and isocyanates. These items are utilized in a variety of industries, including paints and coatings, printing inks, specialty polymers, pharmaceuticals, agrochemicals, and specialty industrial chemicals. The company sources these products from foreign producers and suppliers in a number of countries, including China, Taiwan, South Korea, Kuwait, Qatar, the United States, the Netherlands, Belgium, Italy, and others. The imported products are subsequently reallocated to domestic industries.
Over the last three fiscal years, the company has increased its product line from 21 to 39 goods. In fiscal 2024, the company supplied 650 customers from various industries. The company serves several significant customers, including Apcotex Industries Ltd, Hemani Industries Ltd, and Gujarat Fluorochemicals Ltd. The company has also increased its supplier base from 30 in Fiscal 2022 to 60 in fiscal 2024.
