Shiv Texchem Limited (BSE SME)
Oct 8, 2024 - Oct 10, 2024
| Price | ₹158 - ₹166 |
| Premium | ₹65 |
|---|---|
| Lot size | 800 |
| Allotment | Oct 11, 2024 |
| Listing | Oct 15, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 800 | 132800 | 2538 |
| HNI | 2 | 1600 | 265600 | 1088 |
Last updated on 10-Oct-2024 17:11:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1160000 | 100576800 | 86.7 |
| HNIs | 870400 | 396842400 | 455.93 |
| Retail | 2030400 | 138616800 | 68.27 |
| Total | 4060800 | 636036000 | 156.63 |
| Total Applications: 220709 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹101.6 | @8% ₹116.12 | @9% ₹130.63 | @10% ₹145.15 | @11% ₹159.66 | @12% ₹174.18 |
Shiv Texchem IPO Details
| Total Issue Size | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Fresh Issue | 6,105,600 shares (aggregating up to ₹101.35 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 305,600 shares Rikhav Securities |
Shiv Texchem IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Key Performance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 19.08% | 13.97% | 20.64% |
| ROCE | 26.88% | 20.98% | 22.75% |
| RONW | 19.08% | 13.97% | 20.64% |
| EPS (basic) | 165.42 | 100.17 | 163.64 |
| P/E Pre IPO | 8.02 | ||
| P/E Post IPO | 9.56 |
Shiv Texchem Limited Financial Information (Restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 79,868.05 | 60,234.98 | 42,543.57 |
| Revenue | 1,53,668.79 | 1,11,866.98 | 86,547.46 |
| Profit After Tax | 3,011.30 | 1,602.72 | 1,386.48 |
| Net Worth | 19,287.69 | 12,276.39 | 10,673.68 |
| Reserves and Surplus | 19,074.36 | 12,116.39 | 10,513.68 |
| Total Borrowing | 29,665.25 | 32,914.39 | 12,034.33 |
| Amount in Lakhs | |||
About Company
Shiv Texchem Limited, established in 2005, is a leading importer and distributor of hydrocarbon-based secondary and tertiary chemicals, crucial raw materials for various industries. The company specializes in Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols, Phenolic, Ketones, and Isocyanates, serving sectors like paints and coatings, printing inks, agrochemicals, specialty polymers, pharmaceuticals, and industrial specialty chemicals. It sources chemicals from international suppliers across countries such as China, Taiwan, South Korea, Kuwait, Qatar, the USA, the Netherlands, Belgium, and Italy, ensuring timely delivery to domestic manufacturers. Notable customers include Apcotex Industries Limited, Hemani Industries Limited, and Gujarat Fluorochemicals Limited. Over the last three financial years, the company has expanded its product range from 21 in FY 2022 to 39 in FY 2024, while its customer base grew from 400 to over 650 in the same period. As of March 31, 2024, Shiv Texchem employed 50 permanent staff members.
Differentiated Business Model: Offers comprehensive retail and supply chain solutions, integrating various aspects for streamlined operations.
Diversified Portfolio: Broad product range and customer base with an extensive supplier network, reducing dependency on any single market segment.
Customer Relationships: Long-standing, active relationships with customers, driving loyalty and repeat business.
Revenue Concentration: A significant portion of revenue comes from select products, making the company vulnerable if demand for these products declines.
Industry Dependency: Heavy reliance on specific industries like paints, coatings, and agro-chemicals; any downturn in these sectors could impact performance.
Lack of Long-term Contracts: Absence of long-term agreements with customers increases risk, as losing key clients or reduced demand could harm business and financial health.
Phone: +91-22-4918 6270
Email: shivtexchem.smeipo@linkintime.in
Website: https://linkintime.co.in/initial_offer/public-issues.html