Shiv Texchem SME IPO Details, Financials, Valuation & Peers
Explore Shiv Texchem IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Shiv Texchem Limited is an importer and distributor of hydrocarbon-based chemicals, specializing in secondary and tertiary chemicals derived from base chemicals such as Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols, Phenolics, Ketones, and Isocyanates. These chemicals are vital raw materials for industries like paints and coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. With a wide array of products sourced from countries including China, South Korea, USA, Netherlands, and Italy, Shiv Texchem serves a broad customer base, which includes companies like Apcotex Industries and Gujarat Fluorochemicals. The company has steadily expanded its product portfolio and customer base over the years, growing from 21 products and 400 customers in 2022 to 43 products and over 700 customers by mid-2024.
Key Points:
- Core Business: Import and distribution of hydrocarbon-based chemicals used across diverse industries like paints, coatings, agrochemicals, pharmaceuticals, and specialty chemicals.
- Product Portfolio: 43 products by June 2024, including Acetyls, Alcohols, Aromatics, Ketones, and Isocyanates.
- Customer Base: Serving over 700 customers as of mid-2024, including key industry players like Apcotex Industries and Hemani Industries.
- Global Sourcing: Sourcing chemicals from countries such as China, South Korea, USA, Netherlands, and Italy.
- Growth Trajectory: Expanded its supplier network from 30 in 2022 to over 65 by June 2024, with a focus on continuous growth and diversification.
Objects of the Issue
- To meet long-term working capital requirements
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 08 Oct - 10 Oct 2024 |
| IPO Price Band | ₹158 - ₹166 per share |
| Fresh Issue | 61,05,600 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹101.35 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 08 Oct 2024 |
| IPO Closing Date | 10 Oct 2024 |
| Basis Of Allotment | 11 Oct 2024 |
| Refunds | 14 Oct 2024 |
| Demat Transfer | 14 Oct 2024 |
| IPO Listing Date | 15 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 865.47 | 1,118.67 | 1,536.69 | 567.08 |
| Total Expenses | 846.79 | 1,097.13 | 1,495.84 | 553.50 |
| Net Profit/Loss | 13.86 | 16.03 | 30.11 | 10.06 |
| NPM (*) | 1.61 | 1.43 | 1.96 | 1.78 |
| Total Assets | 425.44 | 602.35 | 798.68 | 854.83 |
| Total Liabilities | 318.70 | 479.59 | 605.80 | 651.90 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 20.45 | 12.52 | 20.68 | 5.89 |
| ROE (%) | 20.64 | 13.97 | 19.08 | 5.08 |
| ROCE (%) | 22.82 | 21.10 | 26.99 | 7.16 |
| D/E Ratio | 1.13 | 2.68 | 1.54 | 1.33 |
| Current Ratio | 1.64 | 1.43 | 1.48 | 1.45 |
| EBITDA MARGIN (%) | 2.65 | 3.32 | 3.90 | 3.33 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 86.7 |
| Non-Institutional Investor (NII/HNI) | 455.58 |
| Retail Individual Investor (RII) | 68.27 |
| Total | 156.55 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Link Intime India Private Ltd
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- VIKAS PAVANKUMAR
- HEMANSHU S. CHOKHANI
- NEHA CHOKHANI
- MANJUDEVI SHYAMSUNDAR CHOKHANI
- SHYAMSUNDAR CHOKHANI
- PAVANKUMAR SANWARIA REALTY PRIVATE LIMITED
- HEMANSHU SYNTEX PRIVATE LIMITED
Lead Managers
- Vivro Financial Services Private Limited
Company Address
Shiv Texchem Limited
Kamla Space, Unit no. 216, 2nd Floor Khira Nagar TPS III, S.V. Road, Santacruz (West) Mumbai – 400054, Maharashtra, India.
Phone: +91 96195 11788
Email: cs@shivtexchem.com
Website: www.shivtexchem.com
FAQs
- What is the issue size of the Shiv Texchem SME IPO?The Shiv Texchem SME IPO has an issue size of ₹101.35 crore. This includes a fresh issue of 61,05,600 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Shiv Texchem IPO?The price band for the Shiv Texchem IPO is ₹158 - ₹166 per share.
- What are the bidding dates for the Shiv Texchem IPO?The Shiv Texchem IPO will open for bidding on 08 Oct 2024 and close on 10 Oct 2024.
- What is the allotment date for the Shiv Texchem IPO?The allotment date for the Shiv Texchem IPO is 11 Oct 2024.
- What is the listing date for the Shiv Texchem IPO?The listing date for the Shiv Texchem IPO is 15 Oct 2024.
- What is the Shiv Texchem IPO grey market premium?The grey market premium (GMP) for the Shiv Texchem IPO is currently at ₹65, with an expected listing gain of approximately 39.16%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.