SHIVAM CHEMICALS (BSE SME)

Apr 23, 2024 - Apr 25, 2024

Price ₹44 - ₹44
Premium ₹2
Lot size 3000
Allotment Apr 26, 2024
Listing Apr 30, 2024
Category Lot(s) Qty Amount Reserved
Retail 1 3000 132000 726
HNI 2 6000 264000 726

Last updated on 25 Apr 2024 | 05:57:05 PM

Category Offered Applied Times
HNIs 2178000 9657000 4.43
Retail 2178000 19350000 8.88
Total 4356000 29007000 6.66
HNI Interest Cost Per Share (7 Days)
@7%
₹0.26		@8%
₹0.3		@9%
₹0.34		@10%
₹0.37		@11%
₹0.41		@12%
₹0.45
About

IPO Reservation

Investor Category Shares Offered No. of Shares
Retail 47.5% 2178000
Other 47.5% 2178000
Market Maker 5.04% 231000
Total No. of Shares 100.0% 4587000

Shivam Chemicals Limited, formerly known as Sun Organosys Private Limited, has made significant strides in the chemical manufacturing and distribution sector since it was founded in 2010. specializes in the production of  Poultry Feed Supplement (MBM), Di Calcium Phosphate (Feed Grade), Mono Calcium Phosphate (MCP), Limestone Powder, Soya De-Oiled Cake, and Magnesium Oxide for cattle.  With a strong focus on Hydrated Lime production and a diverse product portfolio, Shivam Chemicals has earned a reputation as a trusted and reputed name in the industry. Boasting a robust marketing network, the company has successfully distributed over 2.50 Lakh metric tons of products, exceeding INR 7,500 million in cumulative value. Through strategic expansion initiatives, including the establishment of a wholly-owned subsidiary with substantial manufacturing capacity in Dahej, Gujarat, Shivam Chemicals has demonstrated its commitment to growth and innovation. Accredited by top international regulatory authorities and equipped with state-of-the-art machinery, the company consistently surpasses customer expectations, forging lasting partnerships globally.

IPO Details

Issue Size 45,87,000 Equity Shares aggregating up to 20.18 cr
Fresh Issue 45,87,000 Equity Shares aggregating up to 20.18 cr
Issue Type Fixed Price Issue
Listing At BSE SME
Share holding pre issue 1,24,00,000 Equity Shares
Share holding post issue 1,69,87,000 Equity Shares
Market Maker portion

2,31,000 Equity Shares

Shreni Shares

Key Performance Indicators

KPI Dec-23
Consolidated		 Mar-23
Consolidated		 Mar-22
Standalone
ROE 5.13% 31.55% 59.20%
ROCE 6.19% 19.88% 42.35%
RONW 5.06% 26.90% 45.68%
D/E 1.17 1.02 0.52
EPS
(basic & Diluted)		 0.57 89.36 110.93
P/BV 3.9    

P/E

Pre IPO

 15.26    

Financial Statement

Period

Dec-23

Consolidate

Mar-23

Consolidate

Mar-22

Standalone

Mar-21

Standalone
Assets 3,881.92 3,117.68 2,368.79 993.66
Revenue 10,710.75 15,658.34 17,798.84 9,557.75
Profit After Tax 70.79 357.44 443.70 86.5
Net Worth 1,399.64 1,328.35 971.41 527.71
Reserve & surplus 159.64 1288.85 931.41 487.71
Total Borrowing 1,638.20 1,351.37 509.50 153.39
Amount in Lakhs

Strength Factors

Vertical Integration: Strong control over manufacturing through a wholly-owned subsidiary ensures quality, efficiency, and cost advantages.

Expert Leadership: A highly educated and experienced board and management team drive strategic decision-making and ensure effective governance.

Technological Edge: Leveraging advanced technology grants the company a competitive advantage in productivity, quality, and innovation.

Risk Factors

Capital-Intensive Manufacturing: The subsidiary's manufacturing operations require significant capital investment, posing financial risks if funding becomes insufficient.

Dependency on Product Demand: Revenue heavily relies on demand for animal feed nutrients and chemical products. Any decline in demand could adversely affect financial performance.

Historical and Potential Negative Cash Flows: Previous and potential future negative cash flows may strain liquidity and hinder growth opportunities, impacting overall financial health.

Registrar

CAMEO CORPORATE SERVICES LIMITED

Tel.: +91 - 44 – 40020700

E-mail: priya@cameoindia.com

Website: www.cameoindia.com

Contact Person: K. Sreepriya