Shiv Texchem Limited is involved in the business of buying and selling important chemicals that are used to make a wide range of everyday products. These chemicals are essential for manufacturing items such as:
- Plastics, which are used in everything from packaging to electronics and automobiles.
- Fertilizers and pesticides, which help improve crop growth and protect plants in farming.
- Paints for homes, cars, and other surfaces, providing color and protection.
- Medicines and other pharmaceutical products that contribute to healthcare and wellness.
- Printing inks, used in printing books, newspapers, packaging, and other materials.
- Various industrial chemicals that are needed for different manufacturing processes across industries.
Shiv Texchem sources these chemicals from suppliers in different parts of the world and ensures their timely distribution to businesses across India. By managing the supply chain, they help their customers get the materials they need when they need them, enabling smooth production and minimizing delays. This makes them a key player in ensuring the availability of important raw materials for multiple industries.
Shiv Texchem ltd is going to launch its IPO. Its opening date is October 8th, 2024 and it will close on 10th October, 2024. This is going to be a book built issue. Through its first public offering (IPO), the company aims to collect about ₹ 101.35 crores. This is completely a fresh issue, having a face value of ₹10 each. The price band of Shiv Texchem IPO is between ₹ 158 to ₹ 166 per share.
Shiv Texchem IPO Detail
| IPO Opening and Closing Date | October 8, 2024 to October 10,2024 |
| IPO Price Range | Rs 158 to Rs 166 Per Share |
| Face Value of Share | Rs 10 Per Share |
| Net Issue Size Offered | 6,105,600 Shares amounting to ₹ 101.35 Crores |
| Fresh Issue | 6,105,600 Shares amounting to ₹ 101.35 Crores |
| Offer For Sale | N/A |
| Listing at | BSE & NSE |
| Issue Type | Book Built Issue IPO |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Shiv Texchem IPO, Tentative Date Schedule
| IPO Opening Date | Tuesday, October 8, 2024 |
| IPO Closing Date | Thrusday, October 10, 2024 |
| Allotment Date | Friday, October 11, 2024 |
| Refund Initiation | Monday, October 14, 2024 |
| Credit of Shares in Demat Account | Monday, October 14, 2024 |
| Listing Date | Tuesday, October 15,2024 |
GMP of Shiv Texchem IPO
The GMP of Shiv Texchem IPO is Rs 48 as of October 11, 2024. At the price of ₹166 the Shiv Texchem IPO is expected to list at ₹214 on October 15,2024.
Shiv Texchem IPO Financials
| Period | FY 2024 | FY 2023 | FY 2022 |
| Total Assets | ₹79,868.05 | ₹60,234.98 | ₹42,543.57 |
| Total Revenue | ₹1,53,668.79 | ₹1,11,866.98 | ₹86,547.46 |
| Total Expense | ₹1,49,584.22 | ₹1,09,712.61 | ₹84,679.30 |
| Profit After Tax | ₹3,011.28 | ₹1,602.72 | ₹1,386.48 |
| Company’s Net Worth | ₹19,287.69 | ₹12,276.39 | ₹10,673.68 |
Company Financial Performance Indicators
| Key Performance Indicator | Value (FY 2024) |
| ROCE | 26.88% |
| ROE | 19.08% |
| Price to Book Value | Not Available |
| Return on Net Worth | 19.08% |
| After Tax Profit Margin (%) | 1.96% |
| Debt to Equity Ratio | Not Available |
Shiv Texchem IPO Lot Size for Different Category of Investors:
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | 800 | ₹132800 |
| Retail Investor (Max Lot) | 131 | 800 | ₹132800 |
| HNI (Min. Lot) | 2 | 1600 | ₹265600 |
Shiv Texchem IPO, Investors Reserve Quota
| Shares Reserved for QIB | 50% of the Total Issue |
| Shares Reserved for NII | 35% of the Total Issue |
| Shares Reserved for Retail Investors | 15% of the Total Issue |
Cash Flow Generated by the Company
(Amount in lakh)
| Net Cash Flow | 30 April, 2024 | 31 March,2024 | 31 March, 2023 |
| Cash From Operating Activities | ₹4465.17 | ₹2825.08 | ₹-16249.62 |
| Cash from Investing Activities | ₹-21.21 | ₹-29.08 | ₹-78.16 |
| Cash From Financing Activities | ₹-3102.49 | ₹6053.68 | ₹19344.65 |
Location Based Revenue Generation
(Amount in Lakh)
| Location | 30 April 2024 | 31 March,2024 | 31 March 2023 |
| Revenue from Domestic Sales | ₹ 55805.34 | ₹ 153094 | ₹111759.06 |
| Revenue from Internatinal Sales | ₹ 799.65 | ₹ 396.05 | |
| Total | ₹ 56604.99 | ₹ 153490.41 | ₹111759.06 |
Shiv Texchem IPO Objectives
- They need money to help run and expand their day-to-day operations.
2. Some of the funds will be used to pay back loans they owe, which will help them save on interest payments.
3. They will also use the money for things like advertising, improving the business, and other basic needs.
4. If needed, they may use the money to increase their production or buy new equipment to grow.
Shiv Texchem IPO Strengths and Weaknesses
Strengths
- By working with companies around the world, Shiv Texchem can expand into new areas and grow bigger.
- They don’t just sell products; they also help customers with supply chain solutions and advice, making them more valuable.
- The company’s leaders have a lot of experience, helping the business run smoothly.
- Shiv Texchem sells many different types of chemicals, so it doesn’t rely on just one product or industry.
The company has strong ties with both suppliers (who give them products) and customers (who buy from them), which helps keep business steady
Weaknesses
- Their insurance might not cover all possible risks, which could cause financial trouble if something goes wrong.
- Some of their business locations are rented, and if they lose those places, it could hurt their operations.
- They get many of their chemicals from other countries, so if international trade changes, it could be a problem.
- The company depends on a few key employees, and losing them could make things difficult.
- Their company logo is not officially registered, which might cause issues in protecting their brand.
Management & Promoter Group of Shiv Texchem
Hemanshu Syntex Private Limited
Pavankumar Sanwaria Realty Private Limited
Vikas Pavankumar
Hemanshu S. Chokhani
Company’s Dividend Policy
No dividend has been paid by the company from last two financial years
| Promoters Shareholding Pre- Issue | 96.81% |
| Promoters Shareholding Post- Issue |
Lead Managers of Shiv Texchem IPO
Vivro Financial Services Pvt Ltd.
Registrar of Shiv Texchem IPO
Link Intime India Private Ltd
Telephone: +91 810 811 4949
Email: shivtexchem.smeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Contact Details of the Company
Kamla Space, Unit No. 216, 2nd Floor,
Khira Nagar TPS III, S.V. Road, Santacruz (West),
Mumbai – 400054, Maharashtra, India.
Telephone: +91 96195 11788
Email: cs@shivtexchem.com
Website: www.shivtexchem.com
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