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Shiv Texchem IPO
Price Band
₹158.0–166.0
Issue Size
₹101.35 Cr
Lot Size
800 shares
Min Investment
₹132,800
GMP
+₹65.0 (39.16%)
Issue Price
₹166.0
Subject to Sauda
₹39500
Paid only if allotted
Shiv Texchem IPO AI Summary
- Shiv Texchem IPO is listed on BSE SME in the Trading - Chemicals sector.
- Price band: ₹158.0–₹166.0 per share, lot size 800 shares (min. investment ₹132,800).
- Subscription window: 08 Oct–10 Oct 2024, listing on 15 Oct 2024.
- Current GMP is +₹65.0 (39.16%), an estimated listing price of ₹231 — unofficial and can change daily.
Shiv Texchem Limited is a growing player in the chemicals trading sector with a diverse product range and a solid customer base. The company is planning an IPO to raise funds for working capital and corporate purposes, with a competitive pricing strategy and a positive outlook based on its recent financial performance.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shiv Texchem IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 Oct 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shiv Texchem IPO Grey Market Premium (GMP) Today
GMP
+₹65.0
GMP %
+39.16%
Est. Listing
₹231.0
Updated: 25 Jul 2026 14:03
About the Company
Established in 2005, Shiv Texchem Limited imports and distributes hydrocarbon-based secondary and tertiary chemicals, which are important raw materials for numerous industries. The company imports and distributes hydrocarbon-based chemicals of the Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates product family, which are important raw materials and feedstocks for a wide range of industries such as paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. These secondary and tertiary chemicals are indispensable basic raw materials for various industries such as paints, coatings, printing inks, agrochemicals, pharmaceuticals, specialty polymers, and industrial chemicals. The company procures these chemicals from international manufacturers and suppliers, distributes them to the domestic industry, and ensures sufficient and timely supplies to manufacturers. Some of the company's customers include Apcotex Industries Limited, Hemani Industries Limited and Gujarat Fluorochemicals Limited. The company sources these chemicals from several countries including China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy. Over the last three financial years, the company has expanded its product portfolio from 21 products in the financial year 2022 to 39 products in the financial year 2024. The company's customer base has also grown from over 400 customers in the 2022 financial year to over 650 customers in the 2024 financial year. As of March 31, 2024, Shiv Texchem had 50 permanent employees. Competitive strengths: A differentiated business model with comprehensive and integrated retail and supply chain solutions Well-diversified product portfolio, customer base with extensive supplier network Long-standing and active relationships with customers Experienced, dedicated and qualified management team with extensive knowledge of the hydrocarbon-based chemical industry Focus on providing storage solutions and consistent financial performance
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 854.83 | 798.68 | 602.35 | 425.44 |
| Total Income | 567.08 | 1,536.69 | 1,118.67 | 865.47 |
| Profit After Tax | 10.06 | 30.11 | 16.03 | 13.86 |
| NET Worth | 202.94 | 192.88 | 122.76 | 106.74 |
| Reserves and Surplus | 200.80 | 190.74 | 121.16 | 105.14 |
| Total Borrowing | 270.86 | 296.65 | 329.14 | 120.34 |
Key Ratios
EPS
₹165.42
NAV
₹112.99
ROE
19.08%
ROCE
26.99%
RoNW
19.08%
P/B Value
1.40
P/E Ratio
8.02
Market Cap
₹384.66 Cr
PAT Margin
1.96%
Debt/Equity
1.54
Peer Comparison
| Company | NAV |
|---|---|
| Shiv Texchem Limited This IPO | 112.99 |
Promoters
Vikas Pavankumar, Hemanshu S.Chokhani, Pavankumar Sanwaria Realty Pvt.Ltd. and Hemanshu Syntex Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet long-term working capital requirements; and 75.00 2 General Corporate Purposes 16.74
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹865.47 Cr in the financial year 2022, rising to ₹1,118.67 Cr by the financial year 2023, further increasing to ₹1,536.69 Cr in the financial year 2024. However, the most recent figure of ₹567.08 Cr for the period ending June 30, 2024, is a 9-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit after tax was ₹13.86 Cr in the financial year 2022, increasing to ₹16.03 Cr in the financial year 2023, and further rising to ₹30.11 Cr in the financial year 2024. The latest figure of ₹10.06 Cr for the period ending June 30, 2024, is also a 9-month figure and not directly comparable to the full fiscal years.
Valuation
At the issue price of ₹166.0, Shiv Texchem has an implied P/E ratio of 8.02. This is compared to its peer group, which has a P/E range of 8.02.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the price at which shares of a company are traded in the unofficial market before they are listed on the stock exchange. A positive GMP indicates that the shares are expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions. It's important to consider the company's fundamentals and growth potential.
Who May Want to Wait
Investors who are risk-averse or those looking for guaranteed returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on October 8, 2024, and closes on October 10, 2024. Allotment of shares is expected to be finalized by October 11, 2024, with the listing date set for October 15, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the shares. Investors should be aware that while some IPOs may experience significant gains on their listing day, others may not perform as well.
This evaluation is generated from Shiv Texchem's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shiv Texchem IPO GMP today?
Shiv Texchem IPO GMP today is +₹65.0 (39.16%), indicating an estimated listing price of ₹231. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shiv Texchem IPO?
The price band of Shiv Texchem IPO is ₹158.0–₹166.0 per share.
When does Shiv Texchem IPO open and close?
Shiv Texchem IPO opens on 08 October 2024 and closes on 10 October 2024.
When does Shiv Texchem IPO list on the stock exchange?
Shiv Texchem IPO listed on 15 October 2024 at ₹231.0.
What is the lot size for Shiv Texchem IPO?
The lot size for Shiv Texchem IPO is 800 shares, requiring a minimum investment of ₹132,800.
What is the lot size for the Shiv Texchem IPO?
The lot size for the Shiv Texchem IPO is 800 shares.
What is the minimum investment required for this IPO?
The minimum investment required for the Shiv Texchem IPO is ₹132,800.
What is the price band for the Shiv Texchem IPO?
The price band for the Shiv Texchem IPO is ₹158.0 to ₹166.0.
When does the Shiv Texchem IPO open and close?
The Shiv Texchem IPO opens on October 8, 2024, and closes on October 10, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Oct 2024
Close
10 Oct 2024
Allotment
11 Oct 2024
Listing
15 Oct 2024
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