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Shiv Texchem Limited IPO

Shiv Texchem Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 239.00 (+43.98%)

The public market debut of Shiv Texchem Limited's was completed on 15-10-2024 with its listing on the BSE exchange. The IPO process raised 61,05,600 Shares in total capital, consisting of 61,05,600 Shares in new equity.

The offering featured a price range of ₹158 to ₹166 and minimum application size of 800 shares. Investor response during the subscription period from 08-10-2024 to 10-10-2024 influenced the final allotment ratios across investor categories.

Final allotment was announced on 11-10-2024, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Shiv Texchem IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shiv Texchem IPO Key Performance Indicator
Company Financials ( In Lakhs )

Shiv Texchem IPO About Company

Shiv Texchem Limited, founded in 2005, is a trusted importer and distributor of essential chemicals used in various industries. The company supplies key raw materials like Acetyls, Alcohol, Aromatics, and more, catering to sectors such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, and specialty polymers. It sources chemicals from global suppliers across China, Taiwan, South Korea, the USA, and Europe, ensuring smooth and timely delivery to Indian manufacturers. Some of its well-known customers include Apcotex Industries, Hemani Industries, and Gujarat Fluorochemicals. Over the past three years, Shiv Texchem has grown significantly, expanding its product range from 21 to 39 and its customer base from 400 to over 650. As of March 31, 2024, the company has a dedicated team of 50 permanent employees


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Shiv Texchem IPO Strength Factors

  1. Unique Business Approach: Provides complete retail and supply chain solutions, making operations smoother by bringing everything together.
  2. Wide Product Range: Offers a variety of products and serves many customers, working with a large network of suppliers to avoid reliance on just one market.
  3. Strong Customer Bonds: Maintains long-term relationships with customers, encouraging loyalty and repeat business.

Shiv Texchem IPO Risk Factors

  1. Revenue Dependence: The company earns a large share of its income from a few key products, so a drop in demand for these could affect its earnings.
  2. Industry Reliance: The business depends heavily on industries like paints, coatings, and agro-chemicals. If these sectors slow down, it could impact the company's growth.
  3. No Long-term Contracts: Since there are no long-term agreements with customers, losing major clients or facing lower demand could hurt the company's stability and finances.

Shiv Texchem IPO Lead Manager(s)

  • Vivro Financial Services Private Limited

Shiv Texchem IPO Promoter(s)

  1. Vikas Pavankumar
  2. Hemanshu S. Chokhani
  3. Pavankumar Sanwaria Realty Private Limited
  4. Hemanshu Syntex Private Limited

Shiv Texchem IPO Company Details

Shiv Texchem Limited
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address:

Shiv Texchem IPO Registrar

Link Intime India Private Limited
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Phone:

Shiv Texchem IPO FAQs