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Shivam Chemicals IPO
Price Band
₹
Issue Size
₹20.18 Cr
Lot Size
3,000 shares
Min Investment
₹132,000
GMP
+₹2.0 (4.55%)
Issue Price
₹44.0
Subject to Sauda
₹4600
Paid only if allotted
Shivam Chemicals IPO AI Summary
- Shivam Chemicals IPO is listed on BSE SME in the Animal Feed sector.
- Subscription window: 23 Apr–25 Apr 2024, listing on 30 Apr 2024.
- Current GMP is +₹2.0 (4.55%) — unofficial and can change daily.
Shivam Chemicals Limited is set to raise ₹20.18 Cr through its IPO, with an issue price of ₹44.0 per share. The company has shown a decrease in total income and profit in its recent financials, which may influence investor sentiment. The implied P/E ratio of 15.26 is lower than its peers, suggesting potential value, but investors should consider the company's recent performance and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shivam Chemicals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 25 Apr 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
Shivam Chemicals IPO Grey Market Premium (GMP) Today
GMP
+₹2.0
GMP %
+4.55%
Est. Listing
₹46.0
Updated: 25 Jul 2026 14:06
About the Company
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). On December 31, 2023, the company has a total of 25 employees, including 12 contract workers in their subsidiary Shivam Chemicals and Minerals Private Limited.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 38.82 | 31.17 |
| Total Income | 107.11 | 156.58 |
| Profit After Tax | 0.71 | 3.57 |
| NET Worth | 14.00 | 13.28 |
| Reserves and Surplus | 1.60 | 12.89 |
| Total Borrowing | 16.38 | 13.51 |
Key Ratios
EPS
₹2.88
NAV
₹11.29
ROE
5.13%
ROCE
6.19%
RoNW
5.06%
P/B Value
3.90
P/E Ratio
15.26
Market Cap
₹74.74 Cr
PAT Margin
0.66%
Debt/Equity
1.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Godrej Agrovet Ltd | 142.78 | 10.77% | 34.33 | 15.71 | 15.71 |
| Narmada Agrobase Limited | 11.72 | 4.11% | 48.96 | 0.48 | 0.48 |
| Shivam Chemicals Limited This IPO | 10.72 | 26.9% | 15.26 | 2.88 | 2.88 |
Promoters
Sanjiv Girdharlal Vasant, Soham Sanjiv Vasant and Shivam Sanjiv Vasant
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹156.58 Cr for the period ending 31 Mar 2023, which decreased to ₹107.11 Cr by the period ending 31 Dec 2023. This decline in total income is noteworthy as the latter figure is from a stub period, not a full fiscal year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹3.57 Cr for the period ending 31 Mar 2023, which fell to ₹0.71 Cr by the period ending 31 Dec 2023. Similar to the revenue analysis, the latter figure is from a stub period and not a full fiscal year, making direct comparisons less straightforward.
Valuation
At the issue price of ₹44.0, Shivam Chemicals Limited has an implied P/E ratio of 15.26, compared to peers trading in a range of 34.33 to 48.96.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the potential premium at which the IPO might list compared to its issue price. A positive GMP suggests that the market expects the stock to perform well on its debut.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions.
Who May Want to Wait
Investors who prefer stable, established companies with consistent earnings may find this IPO less appealing due to its recent financial performance.
IPO Timeline, Explained
The IPO opens on April 23, 2024, and closes on April 25, 2024. Allotment of shares will be on April 26, 2024, with the listing date set for April 30, 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. Factors such as market conditions, investor sentiment, and overall demand for the stock can influence the price on the first day of trading.
This evaluation is generated from Shivam Chemicals'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 Shivam Chemicals IPO GMP today?
Shivam Chemicals IPO GMP today is +₹2.0 (4.55%). GMP is an unofficial grey-market indicator and can change daily.
When does Shivam Chemicals IPO open and close?
Shivam Chemicals IPO opens on 23 April 2024 and closes on 25 April 2024.
When does Shivam Chemicals IPO list on the stock exchange?
Shivam Chemicals IPO listed on 30 April 2024 at ₹46.0.
What is the lot size for Shivam Chemicals IPO?
The lot size for Shivam Chemicals IPO is 3000 shares, requiring a minimum investment of ₹132,000.
What is the lot size for this IPO?
The lot size for Shivam Chemicals IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹132,000.
What is the issue price of the shares?
The issue price of the shares is ₹44.0.
When does the IPO open and close?
The IPO opens on April 23, 2024, and closes on April 25, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the stock may list compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Apr 2024
Close
25 Apr 2024
Allotment
26 Apr 2024
Listing
30 Apr 2024
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