Shivam Chemicals Limited IPO Detail
Incorporated in October 2010, Shivam Chemicals Limited produces Hydrated Lime (Calcium Hydroxide) and distributes various products including Poultry feed supplement (MBM), Di-Calcium Phosphate (Feed Grade), Magnesium Oxide, Limestone Powder, and more. The company has supplied over 250,000 metric tons of various products.
The product portfolio of the company includes:
- Poultry Feed Supplements
- Di-calcium Phosphate
- Magnesium Oxide
- Limestone Powder
- Hydrated Lime (Calcium Hydroxide)
Shivam Chemicals and Minerals Private Limited is a wholly owned subsidiary located in Dahej, Gujarat, with a manufacturing capacity of 60,000 MT. It specializes in producing hydrated lime (calcium hydroxide).
Company Promoters
Sanjiv Girdharlal Vasant, Soham Sanjiv Vasant and Shivam Sanjiv Vasant.IPO Details
| IPO Opening Date | Apr 23, 2024 |
| IPO Closing Date | Apr 25, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹44 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹20.18 Cr |
| Fresh Issue | ₹20.18 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.72x | 1.29x | 1.00x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.95x | 3.02x | 1.99x |
| Day 3 | 0.00x | 0.00x | 0.00x | 4.33x | 8.88x | 6.61x |
IPO Tentative Timetable
The Shivam Chemicals Limited IPO open date is Apr 23, 2024, and the close date is Apr 25, 2024. The issue may list on Apr 30, 2024.
| IPO Open Date | Apr 23, 2024 |
| IPO Close Date | Apr 25, 2024 |
| Basis of Allotment Date | Apr 26, 2024 |
| Initiation of Refunds | Apr 29, 2024 |
| Credit of Shares to Demat Account | Apr 29, 2024 |
| IPO Listing Date | Apr 30, 2024 |
IPO Lot Size
The Shivam Chemicals Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹132000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹132000 |
| Maximum | 1 | 3000 | ₹132000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.00% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 3117.11 | 15658.34 | 357.44 |
| 31-Dec-23 | 3881.92 | 10710.70 | 70.79 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects.
- Funding Working capital requirements in our Company;
- Investment in Subsidiary Co. M/s Shivam Chemicals & Minerals Pvt Ltd. for financing the augmentation of its working capital capabilities
- General Corporate Purpose
Shivam Chemicals Limited IPO Registrar:
Cameo Corporate Services Limited
Shivam Chemicals Limited IPO Lead Manager(s):
Aryaman Financial Services Limited
Company Contact Information:
Shivam Chemicals Limited
Office No. 108, 1st Floor, Hubtown Solaris
Off N.S.Phadke Marg,
Saiwadi, Andheri (E), Mumbai,-400069
