Shiv Texchem IPO will be listed on the BSE SME platform. Its bidding opening date is October 8, 2024, and its closing date is October 10, 2024. Incorporated in 2005, this company holds expertise in importing and distributing chemical products. It caters to various industries such as paints, pharma, cosmetics, adhesives, construction, etc. Let’s understand all the Shiv Texchem IPO details, its financials, its peers, and key risk factors before investing in it.
Shiv Texchem IPO Date 2024
The important dates related to this IPO are:
- Bidding Opening Date: October 8, 2024
- Bidding Closing Date: October 10, 2024
- Allotment Date: October 11, 2024
- Initiation of Refunds (in case of less or no allotment): October 14, 2024
- Shares Credited to Your Demat Account: October 14, 2024
- Listing Date: October 15, 2024
Shiv Texchem Limited IPO Details
Its total issue size is ₹101.35 crores, with the whole being a fresh issue and not any offer for sale (OFS) component.
Here are the key details of this IPO:
- Shiv Texchem IPO Price Band: ₹158 to ₹166 per share
- Face Value: ₹10 per share
- Lot Size: 800 Shares
- Total Issue Size and Amount: 61,05,600 shares (amounting to ₹101.35 crores)
- Fresh Issue Size and Amount: 61,05,600 shares (amounting to ₹101.35 crores)
- Listing On Exchange: BSE SME
Shiv Texchem IPO Proceeds
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
The company is planning to use the money raised from the IPO in the following exercises:
- ₹75 crores for meeting the long-term working capital requirements
- Remaining for other corporate needs
Shiv Texchem IPO Reservations
Here are the details of Shiv Texchem IPO reservations to different investors:
- For retail investors: At least 35% of the net issue
- For QIBs: Maximum of 50% of the net issue
- For NIIs: At least 15% of the net issue
- Shiv Texchem IPO Shareholder Quota: According to the RHP, there is no shareholder quota assigned to this IPO.
Shiv Texchem Lot Size
Shiv Texchem IPO lot size is 800 shares and bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
Applicant Type | Lot Size | Number of Shares | Amount (in ₹) |
---|---|---|---|
Retail (Min) | 1 | 800 | 1,32,800 |
Retail (Max) | 1 | 800 | 1,32,800 |
HNI (Min) | 2 | 1,600 | 2,65,600 |
Shiv Texchem IPO Promoter Holding
The promoters of the company are:
- Vikas Pavankumar
- Hemanshu S. Chokhani
- Neha Chokhani
- Manjudevi Shyamsundar Chokhani
- Shyamsundar Chokhani
- Pavankumar Sanwaria Realty Private Limited
- Hemanshu Syntex Private Limited
Shiv Texchem: Company Overview
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Shiv Texchem imports and distributes various types of hydrocarbon-based chemicals such as Acetyls, Alcohol, Nitriles, Glycols Phenolic, Ketones, Isocyanates, etc. These chemicals are used as raw materials in various products including paints, polymers, pharma products, industrial chemicals, and much more.
The company imports these chemicals from China, USA, Belgium, Italy, and others. Till June 30, 2024, the company has imported 43 chemical products from more than 56 companies. It has increased its product portfolio from 21 products in FY22 to 43 products at the end of June 30, 2024.
Some of the key customers are Apcotex Industries, Gujarat Fluorochemicals, etc. The customer base has grown from more than 400 in FY22 to more than 700 customers at the end of June 30, 2024.
Shiv Texchem Limited Financials
Shiv Texchem’s key financial metrics for different periods are as follows:
Particulars | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
---|---|---|---|---|
Assets | 85,483.43 | 79,868.05 | 60,234.98 | 32.59% |
Revenue | 56,707.83 | 1,53,668.79 | 1,11,866.98 | 37.37% |
Profit After Tax | 1,005.89 | 3,011.30 | 1,602.72 | 87.89% |
Net Worth | 20,293.58 | 19,287.69 | 12,276.39 | 57.11% |
Reserves and Surplus | 20,080.25 | 19,074.36 | 12,116.39 | 57.43% |
Total Borrowing | 27,085.63 | 29,665.25 | 32,914.39 | -9.87% |
Net Cash Used in Operating Activities | 4,465.17 | 5,833.86 | -16,249.62 | 135.90% |
Earning per Shares (in ₹) | 47.15 | 165.42 | 100.17 | 65.14% |
*(in ₹ lakhs)
- Both the revenue and profit after tax of Shiv Texchem have registered a YoY (year-on-year) growth in FY24 of around 37% and 88%, respectively.
- The total borrowing has fallen by around 10% in FY24 from FY23.
- Net cash flow from operating activities has risen by nearly 135% and EPS (Earning per Share) also increased by 65% from FY23 to FY24.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Key Ratios of Shiv Texchem
The key ratios highlighting the company’s performance are:
Ratios | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | YoY Change |
---|---|---|---|---|
Current Ratio | 1.45 | 1.48 | 1.43 | 2.78% |
Debt-Equity Ratio | 1.33 | 1.54 | 2.68 | -42.63% |
Debt Service Coverage Ratio | 1.44 | 1.82 | 1.14 | 42.95% |
Return on Equity | 5.08% | 19.08% | 13.97% | 36.61% |
Inventory Turnover Ratio | 1.31 | 3.93 | 4.64 | -15.43% |
Net Capital Turnover Ratio | 2.15 | 5.95 | 6.10 | -2.48% |
Net Profit Ratio | 1.78% | 1.96% | 1.43% | 36.80% |
Return on Capital Employed | 7.08% | 23.00% | 20.18% | 13.95% |
Return on Investment | 3.79% | 11.60% | 8.67% | 33.70% |
- The current ratio is more than 1 which means current assets are higher than current liabilities and the company can fulfill its short-term obligations.
- The debt-to-equity ratio has seen a drop which means the company is reducing its debt liabilities and relying more on equity financing.
- The ROE, Net Profit Ratio, and ROCE also registered a growth ending FY24 which means it is able to generate great returns on equity and capital employed.
Risk Factors in Shiv Texchem Limited
There are various risk factors that might later on affect the company’s financial performance, which are as follows:
- Reliance on a few products for revenue generation with the top 5 products contributing 47.31% to revenue at the end of June 30, 2024.
- Dependency on a few suppliers to source the chemical products. At the end of June 30, 2024, the company purchased around 24% of the stock from one supplier.
- No long-term agreements with the customers and have to wait for continuous purchase orders.
- Product demand is dependent on other industries’ requirements such as paint, pharmaceuticals, etc.
- With the involvement in working capital-intensive business, there is a requirement for continuous financing to maintain a high level of inventories.
- Negative cash flows in the past might affect the operations.
- To maintain consistency, the quality of the products needs to be checked.
- Business operations are based on high volume but have a low-margin model.
- Product pricing is influenced by multiple uncontrollable factors such as crude oil prices, shipping costs, foreign trade relations, product availability, geopolitical situation, etc.
Shiv Texchem IPO Review
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Shiv Texchem IPO GMP is one of the key ways to analyze how it can go on listing day. Its current GMP is ₹35 and its estimated listing price is ₹201 as of October 4, 2024 (at 15:25). With the IPO price of ₹166 per share, it is expected to list at 21.08% gains.
For all the insights on Shiv Texchem IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App and open the demat account now.
Shiv Texchem Limited IPO Contact Information
For inquiries related to the Shiv Texchem IPO details, you can contact at the following places:
Registered Office Address: Kamla Space, Unit no. 216, 2nd Floor Khira Nagar TPS III, S.V. Road, Santacruz (West) Mumbai – 400054, Maharashtra, India
Phone: +91 96195 11788
Email: cs@shivtexchem.com
Company Website: https://shivtexchem.com/
Shiv Texchem IPO Registrar Details:
Registrar Name: Link Intime Private Limited
Phone: +91 810 811 4949
Email: shivtexchem.smeipo@linkintime.co.in
Shiv Texchem IPO Lead Manager Details:
Lead Manager: Vivro Financial Services Private Limited
Phone: +91-226666 8040
Email: investors@vivro.net
FAQs
Is Shiv Texchem IPO good?
Shiv Texchem is trading at gains in the unofficial (grey) market while its financial metrics and key ratios have also shown a positive trend. Its actual performance can only be gauged once it gets listed.
Is Shiv Texchem a listed company?
Shiv Texchem is currently not a listed company but is set to list on October 15, 2024, on the BSE SME platform.
What is the Shiv Texchem IPO Date 2024?
Shiv Texchem IPO will open on October 8, 2024, and it will close on October 10, 2024.
Reference
https://reports.chittorgarh.com/ipo_notes/ShivTexchemLimited_RedHerringProspectus.pdf
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account